Reno casinos won $81.6 million in June, a 20.3% increase that outpaced Nevada’s other major gaming markets. Las Vegas moved in the opposite direction: Strip win declined despite a 25.8% surge in convention attendance, while hotel rates and revenue per available room also fell.
Key Takeaways
Reno casino win jumped 20.3% to $81.6M, its second-best month on record.Strip win fell 1.4% to $754.7M as baccarat volume dropped 22.2%.Convention attendance rose 25.8%, but Strip room rates declined 5.1%.The Las Vegas Strip moved in the opposite direction, with gaming win falling 1.4% to $754.7 million. Clark County’s overall total slipped 0.7% to $1.15 billion, although downtown Las Vegas rose 2.6% to $75.5 million and the Boulder Strip increased 1.9% to $89 million.
The larger convention presence also failed to translate into higher hotel pricing. Strip occupancy edged up 0.3 percentage points to 82.2%, but the average daily room rate fell 5.1% to $165.45, and Strip revenue per available room declined 4.7% to $136. Destination-wide occupancy slipped to 78.3% on an average rate of $156.32, while downtown hotels fared worst of all, with revenue per available room down 13.4% to $47.39.
Over the fiscal year ending June 30, statewide wins rose 2.59% to $16.05 billion. Reno gained 7.3% to $825.3 million and Sparks 7.2% to $190.9 million, while the Las Vegas Strip grew more slowly at 2% to $8.95 billion from a base more than ten times Reno’s size. North Lake Tahoe, down 5.94% to $2.08 million in June, was the only market in the state to finish the fiscal year lower. Tax receipts told a softer story: the state collected $81.6 million in percentage fees in July on June’s taxable revenue, a 6.99% decline of $6.1 million against a year earlier.
The June figures do not yet establish a sustained Las Vegas slowdown. Strip gaming win remained up 2% for the fiscal year, while first-half visitor volume rose 0.2% and convention attendance climbed 12.6%. The monthly split instead shows a Strip increasingly dependent on premium table play that can move sharply month to month, alongside hotel pricing that a full convention calendar no longer supports, while Nevada’s smaller northern markets post faster percentage growth from a much lower base, now backed by fresh capital investment.
