KEY TAKEAWAYS
CONTENTS
Nevada’s 2025 Casino Win: $15.80 Billion at a Glance
Nevada casinos won $15.80 billion from gamblers in calendar year 2025, according to the Nevada Gaming Control Board’s December 2025 revenue report, up 1.23% from 2024. Slot machines produced $10.71 billion of that win at a 7.13% win percentage, and table, counter and card games produced $5.08 billion at 14.41%, a figure that includes the sports pool and race book. The report covers 456 nonrestricted licensees and does not include results from restricted licensees. This article lays out win and win percentage by game, by slot denomination, and against the national totals compiled by the American Gaming Association.
Baccarat was the largest single table game, with $1.44 billion in win, ahead of Twenty-One at $1.20 billion. Twenty-One win fell 10.51% while baccarat rose 3.36%. In the table game list, 3-Card Poker had the highest win percentage at 31.45%, and Twenty-One the lowest of the major games at 12.86%. Multi-denomination slots accounted for $8.13 billion, or 75.9% of slot win.
Win, Win Percent and Hold: How the Regulator Defines Them
The Nevada Gaming Control Board reports win, the amount casinos keep from patrons, in thousands of dollars. It is the same concept the AGA calls gross gaming revenue and is measured before taxes, wages and other costs. Win percent is the board’s term for hold. For table and counter games, the board states that win percent is a ratio adjusted for the effects of credit play. For slot machines, win percent is the reported win divided by the total dollar amount played by patrons. Because the two ratios have different denominators, a 7.13% slot win percentage and a 14.41% table game win percentage should not be compared as if they measured the same thing.
The report covers nonrestricted gaming licensees, which are the larger casinos, and it presents results for the current month, the last three months and the last twelve months. This article uses the twelve months from January 1 to December 31, 2025. The board notes that data are subject to change because of late filings, audits and other adjustments after release, and that columns may not foot because of rounding. Detail for a game is shown separately only when three or more licensed locations report it, and other units are combined into other categories.
The board’s table, counter and card games group includes the sports pool and race book. Removing those two lines from the group leaves $4.455 billion, which matches the $4.45 billion the AGA reports for Nevada table games. This article therefore reports both the board’s full group and the narrower figure, and labels each clearly.
The Data: Win by Game Category
Table 1 shows the statewide totals for the twelve months of 2025, with win in millions of dollars and the change from 2024 as reported by the board.
| Category | Win, 2025 | Change versus 2024 | Win percent | Share of total gaming win |
|---|---|---|---|---|
| Total gaming | $15,798.5 million | +1.23% | n/a | 100.0% |
| Slot machines | $10,713.8 million | +1.87% | 7.13% | 67.8% |
| Table, counter and card games (board group) | $5,084.6 million | -0.10% | 14.41% | 32.2% |
| of which sports pool | $601.4 million | +24.75% | 7.45% | 3.8% |
| of which race book | $28.1 million | -1.16% | 15.36% | 0.2% |
| Table, counter and card games excluding sports pool and race book (derived) | $4,455.1 million | n/a | n/a | 28.2% |
The categories reconcile. Slot win of $10,713.8 million plus the table, counter and card group of $5,084.6 million equals the reported total of $15,798.5 million. Slots therefore produced 67.8% of the win and the table group 32.2%. Slot win rose 1.87% while the table group was essentially flat at -0.10%, but that flat figure masks two opposite movements: the sports pool grew 24.75% while the rest of the group contracted, which is consistent with the AGA’s report that Nevada table games revenue fell 3.3%.
The sports pool is shown here because the board includes it in the group, and its figures are covered in the WagerFacts compilation of U.S. sports betting handle and revenue totals for 2025. The sections that follow concentrate on casino games.
Breakdown: Table Games by Game and Slots by Denomination
Table 2 ranks the games in the board’s list by 2025 win. Shares are calculated against the derived total of $4,455.1 million, which excludes the sports pool and race book.
| Game | Win, 2025 | Change versus 2024 | Win percent | Share of total |
|---|---|---|---|---|
| Baccarat | $1,439.7 million | +3.36% | 16.23% | 32.3% |
| Twenty-One | $1,199.0 million | -10.51% | 12.86% | 26.9% |
| Craps | $456.3 million | +1.24% | 15.89% | 10.2% |
| Roulette | $407.7 million | -7.40% | 19.00% | 9.2% |
| Card games (poker rooms) | $225.9 million | +4.49% | not reported | 5.1% |
| Ultimate Texas Hold’em | $217.5 million | +4.77% | 22.48% | 4.9% |
| Pai Gow Poker | $118.7 million | -7.26% | 20.70% | 2.7% |
| Other table and counter games | $117.1 million | +2.67% | 19.60% | 2.6% |
| 3-Card Poker | $99.2 million | -8.60% | 31.45% | 2.2% |
| Mini-Baccarat | $90.4 million | -3.18% | 12.01% | 2.0% |
| Bingo | $47.4 million | +0.90% | 21.16% | 1.1% |
| Keno | $16.4 million | -5.85% | 27.86% | 0.4% |
| Let It Ride | $12.8 million | -16.37% | 25.63% | 0.3% |
| Pai Gow | $7.0 million | -10.80% | 15.69% | 0.2% |
| Total (excluding sports pool and race book) | $4,455.1 million | n/a | n/a | 100.0% |
Baccarat and mini-baccarat together produced 34.3% of this group’s win, Twenty-One 26.9%, craps 10.2% and roulette 9.2%. Higher win percentages appear in newer proprietary and counter games: 3-Card Poker at 31.45%, keno at 27.86%, Let It Ride at 25.63% and Ultimate Texas Hold’em at 22.48%. These games are much smaller in dollars. Win percent measures how much of the amount played the casino kept, so a high percentage on a small game contributes less win than a lower percentage on a large one.
where: game win is the board’s twelve-month win for the game; group win is $4,455,144 thousand, the table, counter and card games total less the sports pool and race book.
For baccarat, $1,439,705 thousand divided by $4,455,144 thousand is 32.3%. Table 3 shows slot machines by denomination, with the same measures.
| Denomination | Win, 2025 | Change versus 2024 | Win percent | Share of slot win |
|---|---|---|---|---|
| 1 cent | $1,754.4 million | -25.93% | 9.09% | 16.4% |
| 5 cent | $26.5 million | -24.88% | 6.09% | 0.2% |
| 25 cent | $146.9 million | -18.64% | 7.58% | 1.4% |
| $1 | $471.4 million | -10.69% | 6.37% | 4.4% |
| $5 | $48.4 million | -8.60% | 4.86% | 0.5% |
| $25 | $13.6 million | -23.09% | 6.83% | 0.1% |
| $100 | $17.7 million | -39.18% | 5.74% | 0.2% |
| Multi-denomination | $8,128.0 million | +13.61% | 6.90% | 75.9% |
| Other | $106.8 million | -29.32% | not reported | 1.0% |
| Total slot machines | $10,713.8 million | +1.87% | 7.13% | 100.0% |
Multi-denomination machines generated 75.9% of slot win and grew 13.61%, while every single-denomination category shown declined, from -8.60% for $5 machines to -39.18% for $100 machines. The report does not explain these shifts, so the data should be read as a description of the 2025 mix, not as evidence of a cause. Penny slot win of $1,754.4 million still carries the highest win percentage in the list at 9.09%.
Comparison: Nevada Against U.S. Commercial Totals
The AGA’s Commercial Gaming Revenue Tracker reports national commercial casino results compiled from state revenue reports. For 2025, traditional casino gaming generated $50.94 billion, up 2.3%. Within that, slot machines generated $37.12 billion, up 2.9%, and table games generated $10.07 billion, down 0.7%. Table 4 sets Nevada’s figures beside those national totals.
| Measure | Nevada | Nevada change | U.S. commercial | U.S. change | Nevada share of U.S. |
|---|---|---|---|---|---|
| Slot machines | $10.71 billion | +1.9% | $37.12 billion | +2.9% | 28.9% |
| Table games | $4.45 billion | -3.3% | $10.07 billion | -0.7% | 44.2% |
Nevada’s slot win grew more slowly than the national figure, and its table game revenue fell more than the national figure. The Nevada shares of 28.9% for slots and 44.2% for table games are indicative because the AGA national series and the board’s categories may not use identical groupings. They show that Nevada remains a larger part of the national table game total than of the slot total.
Methodology & Limitations
Datasets: Nevada Gaming Control Board, Monthly Revenue Report December 2025, statewide nonrestricted locations, twelve months January 1 to December 31, 2025 (accessed October 2026); American Gaming Association, Nevada market overview, 2025 data (accessed October 2026); American Gaming Association, Commercial Gaming Revenue Tracker CY 2025 (accessed October 2026). Board figures are reproduced as published in thousands of dollars and converted to millions for display.
Calculations: share of total is win divided by the relevant total; the derived table group total is the board’s table, counter and card games total of $5,084,629 thousand minus the sports pool ($601,413 thousand) and race book ($28,072 thousand), which equals $4,455,144 thousand; the sum of the games listed in Table 2 matches this derived total. The slot denominations in Table 3 sum to the published slot total of $10,713,837 thousand. Nevada shares of national figures divide the AGA’s Nevada figure by the AGA’s national figure.
Limitations: win percent is defined differently for table games and slots, so it cannot be averaged or compared across the two groups. The total win percent for a group is not the simple average of its games’ percentages, because each game carries a different volume. The board’s data are preliminary and subject to revision, restricted licensees are excluded, and detail is combined where fewer than three locations report. Win is not profit. These figures are for Nevada only and may not represent other states.
Key Figures at a Glance
The table lists the core Nevada figures for calendar year 2025 with the source for each.
| Figure | Value | Period | Source |
|---|---|---|---|
| Total gaming win | $15,798.5 million | CY 2025 | Nevada Gaming Control Board |
| Slot machine win | $10,713.8 million | CY 2025 | Nevada Gaming Control Board |
| Slot win percent | 7.13% | CY 2025 | Nevada Gaming Control Board |
| Baccarat win | $1,439.7 million | CY 2025 | Nevada Gaming Control Board |
| Twenty-One win percent | 12.86% | CY 2025 | Nevada Gaming Control Board |
| Table games excluding sports pool and race book | $4,455.1 million | CY 2025 | Derived from board data |
| U.S. commercial table games | $10.07 billion | CY 2025 | AGA tracker |
Related Data and Next Steps
This compilation covers one state and one calendar year. A fuller picture would add other regulators’ reports by game and compare years once the board publishes revisions. Readers comparing win percentages should check whether the source adjusts for credit play, whether it covers restricted locations, and whether sports pool lines are included in the table game group. The Nevada total of $15.80 billion is the benchmark for 2025 in this series.
Frequently Asked Questions
Sources & References
- Nevada Gaming Control Board — Monthly Revenue Report, December 2025, twelve months January to December 2025 (accessed October 2026)
- American Gaming Association — Nevada market overview, 2025 data (accessed October 2026)
- American Gaming Association — Commercial Gaming Revenue Tracker, CY 2025 (accessed October 2026)
