Nevada Poker Revenue Up 0.6% to $118M In 2017

Nevada Poker Revenues Up 0.6% to $118M In 2017In 2017, Nevada’s poker rooms generated $118.4 million in revenue, representing a slight 0.6% increase worth an extra $800,000 compared to the previous year. Encouragingly, the amount won by the state’s 71 poker rooms was the highest recorded since the $119.9 million collected in 2014, although the figure is still significantly lower than the market’s peak of $167.9 million in 2007.
Nevertheless, Nevada continues to dominate the country’s gambling market in all areas, with its poker market almost double that of Pennsylvania ($59m) and New Jersey ($54m), and nearly three times that of Maryland ($44.5m).
Another highlights of Nevada’s poker market last year was December’s tally of $9.5 million, which marked eighth consecutive month of growth. Furthermore, June’s revenue of $16.6 million represented that month’s best result since 2007, and highlights the increasing popularity of the WSOP which runs from the end of May to mid-July.
According to a report compiled by Dr. David Schwartz, director of UNLV’s Center for Gaming Research, entitled “Nevada Poker: The Evolution,” the Silver State offered 615 poker tables in 2017, of which 300 were located in Las Vegas. These then accounted for 66% of all poker revenues in 2017, or $78.5 million, while Washoe County raked in $6.5 million from its 57 poker tables.
The study examined the state of Nevada’s poker industry from 1992-2017, and while the number of tables is higher than its pre-2003 boom era, it is still well below the 106 card rooms and 886 poker tables available in 2006, or the 907 poker tables during the state’s peak time of 2007. The downward trend appears to show no signs of abating for now, either, with the number of poker rooms having fallen for seven consecutive years since enjoying a high of 114 in 2009.
That said, the average revenue per table has steadily risen over the past eight years, and in 2010 generated around $147,000 a year, compared to nearly $193,000 in 2017. Last year’s figure also represents an 8% improvement compared to 2016, and was the third highest in state history behind the golden years of 2004 ($204,339) and 2005 ($200,000), a time when poker enjoyed its most popular following to date.

Other news:   Maryland Casinos Hit Record $150m Revenues in March

Poker News
Spanish Online Poker Revenue Jumps 27% in Q1
03 Jun 2018
In January, Spain and France started pooling their online poker players in an attempt to revive an industry decimated by the ring-fenced policies adopted by their respective governments. If they were ever in any doubt as to the validity of their move, the results for the first three months of 2018 will certainly have allayed
Ohio Casino Revenue Up 1% to $71.8m in April
17 May 2018
The Ohio Casino Control Commission has released its gambling results for April, with the state’s four casinos collecting $71.8 million last month, up by almost 1% compared to the prior year. Meanwhile, the Buckeye State’s seven racinos fared considerably better, with their revenue rising by 8% to $89.7 million from their slots and video gaming
NJ Generates Record iGaming Revenues in February
15 May 2018
In April, New Jersey’s online gambling market saw its revenue rise by 10.6% to $23 million versus the same month in 2017, with the amount posted second only to the record $25.6 million collected in March 2018. As a result, the Garden State has now generated $92.5 million over the first four months of this
Maryland Casino Revenue Up 6% to $143m in April
11 May 2018
Maryland’s six casinos generated gross gaming revenue (GGR) of $143.5 million in April, marking a 5.7% increase compared to the $135.7 million collected in the same month a year ago. As a result, the Free State has now returned four consecutive months of gains this year, providing much needed assistance to the Education Trust Fund,