$500,000 Home Giveaway at Rio Casino in Las Vegas

Rio Casino, located off the Strip in Las Vegas, has announced its "Giving Away the House" promotion. The drawing has a total value of $500,000, and its grand prize is a newly built Lennar home worth about $400,000 in the Las Vegas Valley. The drawing begins November 1.

The drawing consists of eight preliminary drawings before the final. In each preliminary drawing held between November 14 and February 20, five winners will receive $1,000 in free play credits. The grand prize event will take place on March 6 at 18:00 on the Rio Event Stage. The winner can keep the home or choose $150,000 in free play credits instead. The four finalists will receive $10,000, $5,000, $2,500 and $1,000 in free play credits, respectively.

Rio President Rod Turlan described the campaign as a first-of-its-kind opportunity in property. Turlan said it is much more than a gift and could change the winner's life. To enter, participants must be at least 21 years old, have a Rio Rewards account and present a valid ID. Members receive their starting entry automatically, but they must activate their entries at the promotion kiosk between 03:00 and 17:45 on drawing days.

Rio says the drawing is run in partnership with Lennar and is the largest drawing in the property's history. Car, cash and free play drawings are common at casinos, but giving away a real home is very rare. In March 2026, Golden Entertainment's Aquarius and Edgewater casinos in Laughlin held a similar "$300,000 home" drawing. The winner of that drawing was a participant from Bullhead City, who chose $210,000 in cash instead of the home.