March marked yet another difficult month for the Las Vegas Strip in terms of gaming revenue, visitation, and hotel bookings.
Data supplied by the Las Vegas Convention and Visitors Authority (LVCVA), the Nevada Gaming Control Board (NGCB), and Harry Reid International Airport reveal that the economic concerns raised recently for Southern Nevada are certainly with merit.
The LVCVA says visitor volume dropped almost 8% in March from a year ago. Casino hotel room bookings on the Strip crashed by over 6%. The average nightly rate for a Strip resort room remained under $200 before resort fees and taxes.
With a slightly less-packed event calendar and as-yet unclear impacts of evolving federal policies rippling through international and domestic markets, visitation saw a 7.8% YoY decline as the destination hosted approximately 3.39 million visitors,” the LVCVA reported.
Airport traffic slowed by 4%, with LAS serving almost 200K fewer passengers in March 2025 than in March 2024. Strip casinos kept $681.7 million of players’ bets, a year-over-year decline of 4.8%, or $34.2 million.
Baccarat, the game of choice among many Asian players, was responsible for the revenue breakdown. The player vs. banker game posted revenue of $72.8 million, a 34% plunge.
The Strip’s struggles pushed statewide gross gaming revenue (GGR) down 1.1% to $1.27 billion. But it marked the 49th month in a row where Nevada casino win was upwards of $1 billion.
