Nevada iPoker Revenues Fall 6.7% To $693k In September

Nevada iPoker Revenues Fall 6.7% To $693k In SeptemberThe Nevada Gaming Control Board has released its online poker results for September, revealing a 6.7% decline in revenues to $693,000 compared to the previous month, and an 8.9% fall year-over-year. Even more concerning, September’s revenue tally represented Nevada’s worst iPoker month since the state released its first tranche of figures earlier this year.
Nevada online poker market was given a tremendous boost during June/July’s World Series of Poker, which saw an average of 200+ cash game players playing at the state’s three internet poker rooms at any one time, and monthly revenues reaching the $1 million mark. Since then, revenue have trailed off by 30% as seasonal players returned to their home states, and according to the latest data from PokerScout, continues to lead the market with 80 cash game players over a week period, followed by Ultimate Poker with 55 players, and Real Gaming with 0 players.
When Nevada’s brick-and-mortar casinos are included, the Silver State has now experienced two months of consecutive revenue declines, with August’s 3.66% fall being followed by September’s fall of 5.96% to $901.7 million. Commenting on Nevada’s lackluster performance of late, Nevada Gaming Control Board senior research analyst Michael Lawton, said:
“I wouldn’t say it’s cause for concern. We are facing some difficult comparisons the past two months. No reason to push the panic buttons yet.”
Nevertheless, the Las Vegas Strip saw one of its biggest drops in September, as revenues plummeted by 12.12% to $494.9 million, while Downtown Las Vegas, too, was lower by 3.98% to $43.5 million compared to the same month last year.
Elsewhere around Clark County, Laughlin reported a 3.92% revenue increase, Boulder Strip was up 14.28%, North Las Vegas up by 0.53%, and Mesquite was up by 1.19%, although Clark County as a whole was down by 6.84% in September.
The state subsequently collected $65.9 million in taxes last month, a 4.57% improvement on September 2013.

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