Nevada casinos reported a 3% rise in revenue during their most recent fiscal year but still reported a collective loss of nearly two-thirds of a billion dollars.

Figures released on Thursday by the Nevada Gaming Control Board show the state’s 271 casinos that grossed $1m or more in the 12 months ending June 30, 2015 earned combined revenue (gaming, rooms, food, beverage, etc.) of $24.6b while recording a net loss of $661.8m.

The revenue total is higher than FY14’s revenue of $23.9b and the net loss is lower than FY14’s $743.7m. However, while it’s getting closer, the state’s gaming industry has yet to recover its pre-recession peak revenue total of $25b in 2007.

Of FY15’s revenue, just $10.6b (43.2%) came from gaming, with $5.8b of that coming from casinos on the Las Vegas Strip. The statewide gaming revenue total is down 0.2% from FY14 while Strip gaming is down 2.5%.