As consumer confidence keeps plummeting, the Conference Board’s Expectations Index continues flashing red lights and sounding alarms that a recession could be right around the corner.
The Consumer Confidence Index has fallen for five straight months after rising for two consecutive months in October and November 2024.
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The index declined by 7.9 points in April to 86, while the Expectations Index, based on consumers’ short-term outlook for income, business, and labor market conditions, fell 12.5 points to 54.4, the lowest level since October 2011 and far below the threshold of 80 that usually signals a coming recession.
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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.
Conference Board’s Consumer Confidence Index also fell by 7.2 points in March to 92.9, and the Expectations Index dropped 9.6 points to 65.2.
The Expectations Index in March was well below the threshold of 80 that signals a coming recession, the Conference Board said in a March statement. The index had plummeted in February by 7.4 points to 74.8.
Las Vegas Strip casino gaming win revenue declined in March.
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Las Vegas Strip gaming win revenues decline
Consumer confidence in March may have played a role in plummeting Las Vegas Strip gaming win revenues in the same month, as total gaming win revenue declined by 4.78% to $681.6 million compared to $715.8 million in March 2024, according to the Nevada Gaming Control Board’s March 2025 Win Revenue Summary.
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The Strip’s fiscal year gaming win revenue from July 2024 through March 2025 also declined by 3.35% to $6.65 billion compared to $6.88 billion in the same period in 2024.
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Remarkably, Downtown Las Vegas bucked the declining trend with an 11.59% increase in gaming win revenue in March to $85 million compared to $76.1 million in the same period in 2024. Reno also saw a large increase by 10.9% to $57.6 million compared to $52 million in the same month in 2024.
The Nevada Gaming Control Board did not state a reason for the significant revenue increases in Downtown Vegas and Reno.
Nevada’s statewide gaming win revenue for March declined by 1.1% to $1.27 billion compared to $1.29 million in the same period in 2024. The state’s gaming win revenue also declined by 1.1% to $11.78 billion compared to $11.91 billion in the fiscal year from July 2024 to March 2025.
Nevada’s gaming win revenue had a much larger decline in February, dropping by 9.28% to $1.27 billion compared to $1.34 billion in the same period in 2024. The fiscal year gaming win revenue also declined 1.14% over the previous year.
Vegas Strip revenue also declined in February
The Las Vegas Strip had a bad month in February as gaming win revenue declined by 13.78% to $690 million compared to $800 million in the same period in 2024. Fiscal year gaming win revenue fell by 3.18% to $5.97 billion compared to $6.16 billion in the same period of 2024.
Downtown Las Vegas gaming win revenue for February also declined by 4.91% to $72.4 million from $76.2 million in 2024, and Reno’s win revenue fell by 6.44% to $56.2 million compared to $60.1 million in the same period in 2024.
The Nevada Gaming Control Board did not comment on any of the results.
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