Las Vegas casino revenues increased year-over-year in July despite decreasing visitation to America’s gambling epicenter.
- Clark County casinos generated $1.15 billion in July revenue, up 3.24% year-over-year.
- Las Vegas Strip revenues rose 5.6% to $749 million despite six straight months of visitation declines.
- Domestic and international passenger traffic fell at Harry Reid Airport, with Canadian flights down nearly 30% in July.
Clark County, Nevada, casinos reported a combined $1.15 billion in July revenue, a 3.24% increase from July 2024. This is just the third time this calendar year that Vegas gaming facilities saw a year-over-year increase.
Las Vegas Strip casinos, which make up the majority of Clark County’s gaming revenues, reported $749 million in July revenue, a 5.6% increase from July 2024. Much of the gain can be attributed to a nearly 80% year-over-year increase in baccarat; without that gain, revenue would have dropped.
Visitation figures continue to fall
The year-over-year gain comes as tourism numbers continue to decline.
Harry Reid International Airport, Las Vegas’ primary commercial airport, saw 4.4 million domestic passengers arrive or depart in July. That was a 6.4% decrease from nearly 4.7 million combined American-based passenger arrivals and departures in July 2024.
Just 29.8 million passengers have arrived or departed the airport through the first seven months of 2025 compared to 31.3 million during that same time in 2024, a nearly 4.8% decrease.
Passenger volume has now suffered year-over-year declines for six straight months, the longest such run since the onset of COVID-19 in 2020.
Foreign travel has also declined significantly year-over-year.
Nearly 280,000 passengers arrived or departed Harry Reid Airport from planes arriving in or from outside the U.S. in July 2025, a decrease from nearly 291,000 in July 2024. Through July 2025, there have been 2.086 million such trips by foreign travelers compared to 2.124 million in the first seven months of 2024.
This drop has been especially pronounced among Canadian-based flights, the country that sees the most foreign trips to and from Vegas.
Air Canada and WestJet, which make up the vast majority of Canadian flights to and from Sin City, have seen their combined arrivals and departures decline more than 19% in the first seven months of the year.
That accelerated in July. The two airlines reported nearly 83,500 in combined arrivals and departures from Las Vegas in July 2025, down from roughly 119,000 in July 2024, a nearly 30% year-over-year decrease.
Potential explanations
The visitation decline has been attributed to the suffering economy, anti-American sentiment, and a wide range of other factors.
Vegas visitors online have blamed casinos, especially those along the Strip, for exorbitant fees and unfair prices. Social media posts have highlighted steep prices for not just hotel rooms, but bottles of water, restaurant meals, parking fees, and a long range of other charges.
The casinos have also raised table game minimums and changed rules in the house’s favor, such as 6:5 blackjack and triple (and now quadruple) zero roulette.
Palazzo has debuted a new quadruple zero roulette game designed to take advantage of people who are absolutely terrible at math. pic.twitter.com/G6y4dYy1iJ
— Las Vegas Locally 🌴 (@LasVegasLocally) August 26, 2025
MGM and Caesars, which combine to own roughly two-thirds of the Strip’s casinos, acknowledged the declines while remaining bullish on the future.
MGM CEO Bill Hornbuckle said on his company’s most recent earnings call that “Vegas is as solid as ever” and expected revenues to return to their standard year-over-year gains in the coming months. Caesars' top exec, Tom Reeg, echoed a similar sentiment while also pointing to a "softer" demand along the Strip.
Caesars has been among the notable Las Vegas operators to promote reduced room rates as well as waived resort fees, daily charges tacked on to all Strip casino hotels that have drawn arguably the most vitriol from visitors.
