Nevada's January Poker Revenue Falls 5 Percent
Card Rooms Rake $9 Million From Cash Games
The nearly 600 poker tables across the state of Nevada raked a combined $9 million in January, according to figures released by gaming regulators.
The revenue for the 65 poker rooms was 5.3 percent less than the $9.5 million raked in January 2016, the state data shows. Revenue per table was $15,100 last month.
Over the last three months, poker revenue of $27.3 million is two percent off from the amount won during the same period a year prior. The poker rooms raked $117.8 million from cash games in all of 2016, down two-tenths of a percentage point year-over-year.
There were 661 poker tables and $9.5 million in rake in January 2016. That figure was 2.9 percent less than January 2015 rake. Nevada poker rooms had a winning January in 2014, when rake of $10.2 million was 7.6 percent better year-over-year, according to data compiled by the University of Nevada Las Vegas’ Center for Gaming Research.
The last time January revenue per table was more than $15,000 was in 2007, when the 881 tables raked a combined $13.9 million ($15,700 per table).
The 596 poker tables in operation last month were the fewest for any single month since February 2005. The state has been gradually shedding live tables since the height of the poker boom.
Nevada’s poker market will shrink even more when the Monte Carlo Resort and Casino on the Las Vegas Strip closes its eight-table room in April. That will leave the Strip area with 19 poker rooms.
|1||Dwan Records First Tournament Score In Three Years|
|2||FBI Wiretapped Poker Player At Trump Tower|
|3||Podcast Negreanu: All-Time Earnings Leader Opens Up|
|4||Poker Strategy: Two Gambling Fallacies|
|5||Weeks-Old NY Casino Getting Poker Tournament Approval|
|6||Australia Passes Bill To Effectively Ban Online Poker|
|7||Sports Bettor's Insider Trading Case Heads To Trial|
|8||Poker Strategy: Don't Be A Pushover|
|9||Korotki Wins WSOP Circuit Harrah's AC Main Event|
|10||New York Tribe To Stop $110M Payments|
|1||Polk Says Dwan Could Be Involved WIth Another 'Scam'|
|2||Dwan Records First Tournament Score In Three Years|
|3||Dan Bilzerian Claims That 'Women Can't Play Poker'|
|4||UK Supreme Court To Hear Ivey's Gambling Case|
|5||Production Wraps Up For Aaron Sorkin's Poker Movie|
|6||FBI Wiretapped Poker Player At Trump Tower|
|7||Sexton: Spent Years Betting 'Way More Than I Had'|
|8||Podcast Negreanu: All-Time Earnings Leader Opens Up|
|9||Daniel Strelitz Wins 2017 WPT LAPC Main Event|
|10||ACR Brings Back Online Poker's Glory Days|