Poker Coverage: Poker Legislation Poker Tournaments U.S. Poker Markets

Nevada Casinos Rake In $152.7 Million From Live And Online Poker In Fiscal Year 2013

Despite Online Poker In The Mix, The Figure Is A Decrease From FY 2012

Print-icon
 

Statewide, Nevada’s top casinos reported $152,746,688 in revenue from live and online poker in fiscal year 2013, according to a state report issued last week.

The revenue is another word for the rake.

Since online gambling hit the Silver State on April 30th, the figure included only about two months of online poker action. Card Player was told by the Nevada Gaming Control Board that online poker revenues were negligible with respect to the fiscal year poker revenue figure. It is very worth noting that only one online poker site in the Silver State was in operation during that time. Ultimate Poker was the first to venture into the online space in U.S. gaming history.

Right now, just Ultimate Poker and the World Series of Poker have such games running. To start 2014, the sites are averaging 90 and 110 cash game players, respectively, according to PokerScout.com. Traffic for each site has leveled off recently.

The $152.7 million marks a decrease from fiscal year 2012, when poker revenue (just brick-and-mortar play) was $160,909,393. It is also worth noting that the number of locations generating the figures dropped between FY 2012 and FY 2013. The numbers for poker during calendar year 2013 won’t be available for several weeks.

It might not be good though, as Circus Circus Las Vegas and the M Resort both closed their respective poker rooms in the late summer/early fall of last year. It remains to be seen if more online poker in the mix will offset those losses.

During calendar year 2012, live poker in Nevada brought in $123,253,000 of the $10.86 billion in total gaming revenue, which was a 6.54-percent decline from 2011. It was also the smallest amount since 2004, according to research from the University of Nevada Las Vegas. Poker revenues have been declining since 2008, when it was close to $156 million.

Just this week, the state of New Jersey reported that online gambling, which began there in late November, had revenues of around $8.4 million during 2013. Poker accounted for around $3.2 million of that figure. A handful of Atlantic City casino firms have web poker going.

While New Jersey is releasing data on its online gambling industry, the Silver State will not until one more operator is up and running. It’s unclear who or when that might be.

 
 
Tags: Nevada,   Casinos,   Poker