Las Vegas Strip casinos can’t escape an alarming trend | Official Website of Louis Velazquez, entrepreneur, finance guy and tech innovator

Consumer confidence rebounded in May after declining for five straight months, though the Conference Board’s Expectations Index is still signaling a potential recession on the horizon.

The Consumer Confidence Index increased 12.3 points in May to 98, and the Expectations Index, based on consumers’ short-term outlook for income, business, and labor market conditions, rose from 17.4 points to 72.8 points.

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However, the Expectations Index remained below the threshold of 80, which typically signals a recession ahead, the Conference Board revealed in a statement.

“Consumer confidence improved in May after five consecutive months of decline,” Stephanie Guichard, senior economist, Global Indicators at The Conference Board, said. “The rebound was already visible before the May 12 US-China trade deal but gained momentum afterwards.”

The monthly improvement was largely driven by consumer expectations as the three components of the Expectations Index —business conditions, employment prospects, and future income —rose from their April lows. Consumers were less pessimistic about business conditions and job availability over the next six months and regained optimism about future income prospects, Guichard revealed.

Consumer confidence improving

Consumers’ assessments of the present situation also improved. However, while consumers were more positive about current business conditions than in April, their appraisal of current job availability weakened for the fifth consecutive month.

The Consumer Confidence Index measures consumer confidence in business conditions, the economy, and the labor market, through a monthly survey conducted by tech firm Toluna for the Conference Board, a non-partisan, not-for-profit think tank.

The index declined 8.2 points in April to 85.7 points, while the Expectations Index declined 11.5 points to 55.4 points.

Las Vegas Strip casinos faced a decline in gaming win revenue for the third straight month.

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Las Vegas Strip gaming revenue declines

Plummeting consumer confidence in April may have played some role in declining Las Vegas Strip win numbers, as total gaming win revenue fell for the third straight month, declining by 2.88% to $646.8 million from $666 million in April 2024, according to the Nevada Gaming Control Board’s April 2025 Win Revenue Summary.

The Strip’s fiscal year gaming win revenue from July 2024 through April 2025 also declined by 3.31% to $7.3 billion compared to $7.55 billion in the same period in 2024.

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Downtown Las Vegas bucked the declining trend with a 1.03% increase in gaming win revenue in April to $83.6 million compared to $82.7 million in the same period in 2024. Reno also saw a large increase of 9.15% to $64.6 million compared to $59.2 million in the same month in 2024.

The Nevada Gaming Control Board did not state a reason for the revenue increases in Downtown Vegas and Reno.

Nevada’s statewide gaming win revenue for April declined by 0.47% to $1.23 billion compared to $1.24 million in the same period in 2024. The state’s gaming win revenue also declined by 1.08% to $13 billion compared to $13.1 billion in the fiscal year from July 2024 to April 2025.

Nevada’s gaming win revenue had a larger decline in March, dropping by 1.1% to $1.27 billion compared to $1.29 billion in the same period in 2024. The fiscal year gaming win revenue also declined 1.1% over the previous year.