Nevada Poker Rooms Record Revenue Increase as Table Numbers Decrease
Poker revenues in the Silver state have gone up year-over-year despite the fact number of poker tables and poker rooms continues to drop.
Nevada funnelled in a combined $8.9 million in poker revenue this May, the Nevada Gaming Control Board (NGCB) has announced. The amount is an increase in the numbers published in the same period of the last year and it would not come as big of a surprise in normal circumstances.
However, with Nevada’s number of active poker rooms and tables decreasing on regular basis, the revenue rise stands as a remarkable piece of statistics.
During the month of May, there were 62 poker rooms in Nevada with a combined number of 724 tables. To the contrast, there were 755 poker tables between the total of 67 rooms that were active in the same period last year.
The state gaming regulators’ data record a revenue increase from $11,766 per table in 2016 to $12,316 this year.
Five poker rooms were closed during the past twelve months in Nevada, three of which saw their poker operations shut down in 2017 – Monte Carlo Casino, Hard Rock Casino and Luxor Casino.
The three casino rooms combined 22 tables that were removed since the turn of the year.
Las Vegas Strip casinos accounted for 65% of the state total revenue with 18 rooms and 398 poker tables being situated on or around the state’s main casino corridor. The Strip rooms raked in the majority of the total revenue – $5.75 million.
With stats heading into the June to July calculation, it is predicted that a decreased number of poker room and tables will continue to generate increased revenue with the annual World Series Of Poker tournament being the main contributor.
The World’s biggest poker event kicked off on the last day of May at the Rio Hotel & Casino and has so far seen poker players from around the globe flock down to test their luck at qualifiers, side events, and even gold bracelets with some of the best players in the world.
With the poker hype still strong in the town, it remains to be seen if it will result in another revenue jump.
