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Nevada Poker Sites Bring In $824K During February

A Total Of $8.5 Million Collected By Firms Since April 30, 2013

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Although it fell under the radar for the most part, Nevada’s gaming industry had an important milestone last week.

February marked the first time ever that a Silver State gaming revenue report included online poker figures. The state was keeping the numbers under wraps until a third casino firm, South Point, started offering games. Station Casinos, which debuted games in spring 2013, and Caesars Entertainment, which kicked things off in late summer, are the other two.

In other words, from now on the successes or failures of Nevada’s online gaming industry will be out in the open for the public to see, every month.

Online poker play in Nevada during the month of February generated the state’s three operators a combined $824,000 in revenue, or the amount of money collected in rake from cash games and tournaments. It is worth noting that the figure was just a tiny drop in the bucket for overall casino win, which was $926 million for the month. That figure was a big decline year-over-year.

Casino win is the amount of money casinos won from gambling games. It doesn’t include revenue from things such as hotels and food and beverage sales.

Overall poker revenue in February, live and online, was $9,268,000 — up slightly from last year. Poker revenue for the calendar year (2013) jumped for the first time since 2007.

Station Casinos’ product was the first Nevada site to the market, and since its respective launch date $8.5 million in online poker has been realized between the three companies. Overall casino win, statewide, was $10.97 billion from Mar. 1, 2013 to Feb. 28, 2014.

The $8.5 million in online gaming revenue from April 30, 2013 to Feb. 28, 2014 is less than what New Jersey saw in the month of February alone, which was $10.3 million. New Jersey does allow more than just poker, however. Online poker for the Garden State was $3.1 million for February, about 3.8 times the size of Nevada. New Jersey’s games are much younger, though, starting in late November. The latter does have more operators.