Nevada Poker Revenue Rises in 2017

Encouraging numbers are here but according to the reports released by Nevada Gaming Control Board, poker in the state continues to perform under its peak from 2007.

Each January, the board releases the Nevada Gaming Abstract with a full review of the previous year’s financial results from the state’s casino licensees. In December 2017, Nevada’s casinos earned gaming revenue of $982 million, up 3,32% compared to the figure posted for the same month a year ago. Full-year 2017 gaming revenue increased 0.9% to reach $11.1 billion.

Over the past several years, Nevada’s gambling industry has been earning most of its income from outside the gaming floor. Revenue from table games dropped 3.8% to $4.1 billion while income from slot machines amounted to $7 billion.

During the last year, poker revenue increased 0.6% comparing to 2016 and reached the amount of $118.4 million. The highest revenue so far Nevada had was $167.9 million in 2007. The poker revenue kept dropping ever since, now reaching its second-highest mark since 2014’s $119.9 million.

The revenue of $118.4 million was generated from 71 poker rooms in the state. The Silver State offered 615 poker tables in 2017.Three hundred poker tables were located in Las Vegas and they account for 66% of all poker revenues or $78.5 million. Washoe Country with its 57 poker tables, raked in $6.5 million.

The small increase in total poker revenue of 0.6% is due to good results in December and June. December revenue was $9.5 million while in June, the poker revenue of $16.6 was the highest since 2007.

Despite this not so great performance in 2017, Nevada is still the biggest poker market in the US. Pennsylvania poker revenue for 2017 is $59 million, New Jersey’s $54 million and Maryland only $44.5 million.