Nevada Gaming Revenue Holds Steady in April Despite Tariffs and Travel Concerns

In April, the Nevada gaming industry managed to maintain stability despite facing challenges such as tariff announcements and economic uncertainty. According to data from the Nevada Gaming Control Board, the state generated gross gaming revenue of $1.23 billion in April, remaining flat compared to the previous year.

While the Las Vegas Strip experienced a slight decline of just under 3% year-on-year, other markets in Nevada showed positive growth. Baccarat, a key indicator for Strip performance, saw a significant increase of 41% year-on-year, reaching $108.3 million in revenue.

Downtown Las Vegas and the Las Vegas locals market had average months, with slight increases in revenue, while other ancillary markets like Boulder, North Las Vegas, and Mesquite saw growth of more than 4%. Reno also performed well in April, with a 9% increase in revenue, contributing to Washoe County’s overall positive performance.

Nevada sportsbooks bounced back in April, with a gross gaming revenue of $42.5 million, a 38% increase year-on-year. Mobile betting, in particular, saw a significant rise of 35% compared to the previous year. The NBA playoffs helped boost basketball betting revenue, which increased by 51% to $20.9 million in April.

Despite concerns about the impact of tariffs and trade wars on tourism, visitor data in April showed mixed results. While Las Vegas saw a 5% decrease in total visitor volume, convention attendance increased by 14% year-on-year. Passenger volume at Harry Reid International Airport slipped by 3%, while daily auto traffic across all highways increased by 5%.

Overall, the Nevada gaming industry managed to navigate through economic uncertainties in April, with various markets showing resilience and potential for growth in the coming months.