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Nevada's January Poker Revenue Falls 5 Percent

Card Rooms Rake $9 Million From Cash Games

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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.

 
 
Tags: Poker Revenue,   Nevada