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Nevada Gaming Control Board reports $1.7bn casino net income in FY2025

Regulation

Nevada casinos recorded net income of $1,697,540,577 in the fiscal year ended 30 June 2025, according to the Nevada Gaming Control Board. The 305 casinos in the report generated $30,817,837,749 in total revenue, while Strip net income fell 81.2% to $154,188,391.

The figures show operators’ reported earnings and gaming revenue across Nevada markets for fiscal 2025.

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Nevada Gaming Control Board questions CFTC’s prediction market rules

Nevada Gaming Control Board Chairman Mike Dreitzer said he expected the CFTC’s move. The agency proposed defining event contracts as swaps while excluding casino-style gambling, including sportsbook wagers and casino games. Dreitzer said sports event contracts and online sportsbook bets are the same, while Kalshi filed for a rehearing after losing a unanimous ruling against Ohio and Tennessee regulators.

Nevada's chief gaming regulator said he expected the Commodity Futures Trading Commission to push ahead with its prediction-market overhaul. Mike Dreitzer, who chairs the Nevada Gaming Control Board, told the Indian Gaming Association's weekly webinar on Wednesday that the agency has been acting in concert with designated contract markets. He called the line the CFTC draws between event contracts and sportsbook wagers "an untenable distinction without a difference." The commission released two proposals late last Friday, one of which would classify event contracts as swaps under federal law and bar traditional gambling.

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