A report on Las Vegas casino revenue said gambling accounted for 26.1% of Strip casinos’ revenue in 2024, while non-gambling operations generated 73.9%. It also reported that gambling made up 49.5% of downtown Las Vegas casino revenue that year.
The figures show operators’ revenue mix differs between the Strip and downtown Las Vegas.
The day’s most important stories, free. One email a day.
Sahara began allowing customers to exchange cryptocurrency for casino chips or tickets in October, according to the report. BurraPay deployed its platform after the Nevada Gaming Control Board approved its system earlier in 2026; Sahara is described as the first Las Vegas Strip property to offer the option.
BurraPay deployed its cryptocurrency payment platform at Sahara in Nevada last month, enabling customers to exchange cryptocurrency for casino chips or gambling tickets, the company said. The Nevada Gaming Control Board approved the system earlier this year, and BurraPay said it was in discussions with other casinos and planned further launches in the coming weeks.
BurraPay put its cryptocurrency payment platform into service at the Sahara resort last month. Customers there can now swap cryptocurrency for chips or tickets to gamble on the casino floor, a first for the Las Vegas Strip. Earlier this year the Nevada Gaming Control Board (NGCB) signed off on the system, so the company may operate in the state's regulated gaming industry.
Analysts issued views on Genius Sports, Virginia historical horse racing and Las Vegas Strip gaming, according to the report. B Riley Securities cited active customer proposals following Genius Sports’ Legend acquisition; Jefferies reported Virginia historical horse racing revenue rose 2.5% year on year in May, while Truist said Strip gross gaming revenue increased 7% year on year in April.
Analysts at Macquarie estimated that the Las Vegas Strip generated $696 million in February revenue, up 1% year over year, and lowered their first-quarter 2026 forecast to a 2.5% decline from a previous 0.5% decline. J.P. Morgan’s analysis put February visitation at 3.04 million, up 2%; Truist Securities maintained a Hold rating on Bally’s and cut its price target to $13.
Analysts Barry Jonas of Truist Securities and Daniel Politzer of J.P. Morgan assessed Las Vegas Strip gaming and hotel indicators after Nevada’s January figures showed gaming revenue down 11% year on year. Jonas said February surveys showed room revenue per available room and average daily rates rising 23% and 8%, respectively, while occupancy was up 13%; he said most operators still did not expect first-quarter adjusted earnings growth.