Las Vegas Strip Drives Nevada Gaming Revenue in March

The Las Vegas Strip drove Nevada gaming in March, posting a 14.4% year-on-year revenue increase to $780 million. Statewide gaming revenue climbed 11.8% to $1.42 billion. Sportsbooks stood out, earning $46 million on a 6.0% hold rate, a 107% revenue spike despite total wagers falling 11.3% to $763 million. Mobile wagers accounted for 72.1% of all bets, totaling $550.4 million. Wagering has now declined year-on-year in each of the first three months of 2026.

Las Vegas Strip Posts Strong Gains Across Tables and Slots

Baccarat led the Strip's performance, with revenue reaching $152.5 million, up 108%, on wagering volume of $757.9 million. The Strip's overall table and card game revenue surged 34.2% to $351.7 million, with a hold rate of 15.0% compared to 12.4% a year earlier. Slot revenue on the Strip totaled $428.3 million, a 2.1% increase, on total slot wagers of $5.5 billion. Across Nevada, table and card game revenue jumped 27.9% on a hold rate of 14.5%. Statewide slot revenue was up 5.5% on a hold rate of 7.3%, while Downtown Las Vegas gaming revenue rose 20.8% to $103.1 million, and Reno reported a t7.5% revenue increase to $62 million.

NCAA Tournament Fuels Nevada Sportsbook Profits

The NCAA Tournament drove a profitable March for Nevada sportsbooks. Fewer No. 1 seeds reaching the Final Four helped push the hold rate to 6.0%. Basketball led all sports with $36.8 million in revenue, up 50% from March 2025. Online operators generated $36.7 million in revenue, a 135% year-over-year increase, contributing $3.1 million in state tax revenue. Hockey generated $8.5 million in sportsbook revenue, up 29.8%, while football cost sportsbooks $9.6 million as bettors collected winning payouts. Clark County sportsbooks retained 5.9% of $92.5 million in wagers, with revenue up 112%.

Falling Wagers Spark Prediction Market Concerns in Nevada

The 11.3% drop in wagers has raised industry concerns, with gaming analysts and sportsbook executives fearing that prediction markets are diverting betting volume from casinos. Nevada secured a favorable court ruling from Judge Jason Woodbury, who plans to issue a permanent injunction barring Kalshi from offering sports event contracts in the state.

For the fiscal year to date, covering July 2025 through March 2026, Nevada gaming revenue is up 2.0%.

The North Shore Lake Tahoe market remains the only region in decline for the fiscal year, down 8.9%.

Las Vegas also received confirmation in April that it will host Super Bowl 2029, an event that could significantly boost future betting volumes.