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Nevada Casinos Win $10.86B From Gamblers In 2012

Poker Accounts For $123,253,000 Of Gaming Revenue

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Internet gaming isn’t even here yet and Nevada’s casinos are already in recovery mode.

Nevada gambling joints had a pleasant calendar year in terms of gaming revenue. The amount won from gamblers was $10.86 billion, according to a 2012 revenue report released Friday.

A total of 336 properties statewide generated the 11-figure sum.

Last year’s figure was 1.49 percent better than calendar year 2011 and also the third year in a row gaming revenues climbed statewide. Despite the success on the gaming floor, the casino industry recently reported a net loss of $1.21 billion for fiscal year 2012.

Even though it’s just a 4.2 mile piece of road, the Las Vegas Strip accounted for more than $6 billion of the state’s overall gaming revenue from January to December of last year.

Nevada, the nation’s top gaming market, is also out in front on real-money web betting. The state has legal online poker and is looking for at least one of its firms to offer games this year.

Live poker in Nevada brought in $123,253,000 in 2012, which was a 6.54-percent decline from 2011. It was the smallest amount since 2004, according to research from the University of Nevada Las Vegas. Poker revenues have been declining since 2008.

A decrease in the number of card rooms most likely contributed to the revenue plunge.

It’s unclear how much gaming revenues could jump due to intrastate online gaming in Nevada, so the Silver State is looking to tweak an existing law to allow the governor to eventually enter into deals with other states in order to create liquidity for the new industry.

Poker, which could have a brighter future in Nevada, thrives with larger player pools.

Nevada may be tops in the United States for gaming revenue, but it’s still far behind the ever-growing Macau, which won a shocking $38 billion from gamblers in 2012.

Pennsylvania ($3.16 billion) and New Jersey ($3.05 billion) trail Nevada domestically. New Jersey is close to legalizing Internet gaming, while Pennsylvania will soon consider it.

For Nevada news, updates and daily tournament information, check out the state’s page.

 
 
 
 
 
 
 
 
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