Nevada Online Poker Revenues Down 3.61% In November

Nevada Online Poker Down 3.61% In NovemberFollowing three straight months of falling revenues, there was a slight relief for Nevada’s gambling industry in November, which reported $876.3 million in revenues, a 0.04% improvement over the same month in 2013. The Silver State then collected $47.4 million in taxes last month, 5.16% lower than November 2013.
Last month, the Las Vegas Strip completed four months of consecutive declines, pulling in 4% less revenues at $508.3 million, with most of the decline attributed to table games down by 8%, and baccarat down by 1.1%.
As a whole, however, Clark County’s gambling revenue were up nearly 1% Y-O-Y, with Downtown Las Vegas up by 12.76% to $42.8 million,
North Las Vegas up 37.62%, the Boulder Strip up 20.68%, Laughlin up 12.77%, and Mesquite up 7.03%. On the other side of the coin, gaming revenues in Washoe County fell by 0.16%, with Reno casinos lower by 0.57% at $43.1 million.
However, the news was not so good for the Silver State’s online poker market, which has continued its slide after the WSOP ended in the summer, and last month the industry generated just $641,000, 3.61% lower than last month’s  tally, and down by 46.95% from November 2013. While the numbers were lower in November, the decrease was not as significant as in past months, in spite of Ultimate Poker exiting the market leaving just two poker sites, with Real Gaming still showing practically no traffic. In fact, Nevada’s online poker market appears to have settled over the past few months on roughly $650,000 of revenues, as the following stats show.
Unfortunately, future statistics may not be forthcoming for some time as the Nevada Gaming Control Board committed to providing monthly iPoker revenues only when at least three sites were operating, and the All-American Poker Network or some other site will now need to launch before more revenue results become available.
February: $824,000
March: $926,000
April: $792,000
May: $862,000
June: $1,037,000
July: $985,000
August: $742,000
September: $693,000
October: $665,000
November: $641,000

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