SectorWire
SearchGet the daily briefing
Menu

Nevada Gaming Control Board reports 34.8% fall in casino net profit

Regulation

Nevada’s Gaming Control Board reported that 305 casinos with at least $1 million in gaming revenue recorded combined net profit of $1.69 billion for the fiscal year ended 30 June 2025, down 34.8% year on year. Total revenue was $30.8 billion, down 2.2%, while gaming revenue reached $11.2 billion; the report’s profit figure excludes federal income taxes and extraordinary items.

The figures give operators and investors a regulator-reported view of Nevada casino profitability and revenue for the fiscal year.

Request a correction

Keep reading

Regulation

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.

Continue reading