Las Vegas Venues Dominate Billboard's 2025 Revenue Rankings

Lucas Dunn
By: Lucas Dunn
Las Vegas
The Sphere in Las Vegas illuminated at night with a Mars-themed LED display, surrounded by city lights and buildings

Photo by Wikimedia Commons, CC BY-SA 2.0

Key Takeaways

  • Allegiant Stadium grossed $269.4 million in ticket sales
  • Sphere was the world's highest-grossing arena in 2025
  • The Colosseum at Caesars Palace earned $66.4 million in revenue

Several Las Vegas sports and entertainment venues have secured top positions on Billboard's 2025 list of the highest-grossing locations worldwide. This allowed the city to achieve decent revenue despite a dip in figures.

Notably, Allegiant Stadium led the nation in ticket revenue, while two casino theaters in Las Vegas ranked among the top earners in the United States relative to their size.

This success is mainly due to the influx of tourists who travel to Las Vegas for concerts and major events, along with the city's high ticket prices.

Allegiant Stadium's Record Ticket Sales

In 2025, Allegiant Stadium achieved remarkable financial success, grossing $269.4 million from 950,000 attendees across 21 events. This marked the second year in a row that the venue topped all comparable US stadiums in ticket sales. Ranking second globally, Allegiant trailed only Estadio GNP Seguros in Mexico, which attracted 3.2 million fans to 57 shows.

Home to the Las Vegas Raiders, Allegiant Stadium also hosted major concerts and significant sporting events. This includes the highly publicized boxing match between Canelo Alvarez and Bud Crawford, which drew 86,000 fans. A substantial percentage of attendees were tourists, further driving Las Vegas' economy through high-ticket events and travel.

Sphere's Highest-Grossing Global Success

Sphere emerged as the world's highest-grossing arena, posting remarkable financial results in 2025. With a capacity exceeding 15,000, the venue generated $370.3 million in ticket sales from 105 shows, attracting 1.2 million visitors. The impressive revenue outpaced renowned venues like London's O2 Arena and Madison Square Garden.

Although it has hosted a UFC event, Sphere primarily features daytime films and concerts, offering a unique experience that sets it apart from traditional arenas. Tickets are notably pricey, starting at over $120 for shows like the 4D "The Wizard of Oz". Prices can exceed $1,000 for popular, exclusive offerings such as the Backstreet Boys.

Casino Theaters' Strong Earnings

Las Vegas casino theaters posted impressive earnings, with the Colosseum at Caesars Palace taking the top spot among venues with capacities of 2,501 to 5,000. Initially built for Celine Dion's residency, the Colosseum grossed $66.4 million from only 64 shows in 2025.

Meanwhile, the Encore Theater at Wynn Las Vegas ranked second among smaller venues, featuring 116 shows. Both theaters showcased a mix of musical acts and comedy, attracting prominent names and providing intimate settings for performances.

Lucas Michael Dunn is a prolific iGaming content writer with 8+ years of experience dissecting it all, from game and casino reviews to industry news, blogs, and guides. A psychology graduate and painter that transitioned into the iGaming world, his articles depend on proven data and tested insights to educate readers on the best gambling approaches. Beyond iGaming content craftsmanship, Lucas is an avid advocate for responsible play, focusing on empowering players to strike a balance between thrill and informed choices.