This is what I get from the Game Output Report:
Completely ignored arguments: [--nativeLauncherVersion, 1164]
[09:42:00] [Client thread/INFO]: Setting user: 1TA55A551N
[09:42:01] [Client thread/WARN]: Skipping bad option: lastServer:
[09:42:01] [Client thread/INFO]: LWJGL Version: 2.9.4

I have had this problem since the update for the launcher.
I have a brief Idea what is going on and it is a major problem that needs to be stated to the Mojang launcher developers as the coding behind it is flawed and buggy and is not finding the right path to the java folder. So please fix your welcome.
(I have Tried re-installing all drivers for my GPU, the game and launcher itself and Java before you try and offer me that as a response)