Published on: November 25, 2025, 12:17h.
Updated on: November 25, 2025, 12:17h.
- October 2025 Sees Las Vegas Strip Casino Revenue Surge Exceeding 8%
- Strong Performance Driven by Baccarat and Table Game Revenue
Contrary to recent skepticism, the Las Vegas Strip delivered impressive results last month, with 38 casino establishments reporting a significant rise in gross gaming revenue (GGR).
Despite negative reports surrounding the Strip, which have highlighted increasing fees and costs deterring visitors, the casinos reported a remarkable win of over $748.8 million in October—a total reflecting an 8.2% year-over-year increase. This success has also helped elevate the Strip’s 12-year revenue total into positive territory, with both slot and table game performance slightly rising by 0.05% to surpass $8.87 billion.
For months, social media has been inundated with videos depicting empty casino floors, prompting widespread discontent over steep $20 cocktails and $50 resort fees. Many have expressed that the perceived value of visiting Southern Nevada had significantly diminished.
At least regarding casino revenues, October demonstrated Las Vegas’ resilience against these challenges.
High Rollers Fueling the Gaming Surge
The notable revenue increase for October was propelled by high rollers frequenting luxurious resorts. Baccarat, favored by many VIPs, particularly those from Asia, played a pivotal role in this surge, garnering $116.4 million from gamblers—an astounding 69% increase from the previous year.
However, Baccarat wasn’t the only table game that thrived. Blackjack revenue rose by over 3% to $92.5 million, craps increased by 1.5% to $32.3 million, and roulette revenue soared by 22% to $21.9 million.
Sports betting also performed remarkably, with revenue nearly doubling year-over-year to $25.6 million. In total, both felt and sports revenue jumped by 25% to reach $330.1 million, although slot win saw a slight decline of over 2% to $418.2 million.
The Strip’s performance in October also helped elevate the statewide GGR to a positive 5%. Other regional markets that thrived included Elko County, which saw gains of 5% to $33.5 million, and Washoe County with a 4% increase to $95.3 million.
Las Vegas’s Economic Recovery
During MGM Resorts’ third-quarter earnings discussion, CEO Bill Hornbuckle recognized that pricing on the Strip had become somewhat disconnected from consumer expectations, especially considering ongoing economic concerns affecting discretionary spending.
“Reflecting on pricing concerns that captured public attention, such as a $12 Starbucks coffee at Excalibur, we acknowledge we should have been more attuned to guest experiences,” Hornbuckle stated. “It’s unreasonable to have a $29 room alongside a $12 coffee.”
MGM, the largest property owner on the Strip, is dedicated to restoring affordability to Las Vegas.
“In hindsight, we realize we lost control over the narrative. We believe we have now adjusted prices accordingly,” Hornbuckle noted.
Later this week, the Las Vegas Convention and Visitors Authority will release its visitor volume report for October, detailing guest attendance and overnight stay statistics, along with traffic data from Harry Reid International Airport.