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Nevada Online Poker Revenue Falls To $693,000

Revenue Down From August's $742,000

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Nevada just had its worst month this year for online poker.

The three sites in Nevada collected $693,000 in rake and fees during September, according to figures released this week by the Nevada Gaming Control Board.

The state began releasing official online poker revenue figures in February.

The state’s three online poker firms—WSOP.com, Ultimate Poker and Real Gaming—had combined revenues of $742,000 for August, which then set the mark for the lowest total of 2014.

The revenue numbers underscore the fact that most firms licensed for online poker in the Silver State haven’t actually debuted real-money products. It just isn’t a big moneymaker yet.

Here’s a look at the other months:

July: $985,000
June: $1,037,000
May: $862,000
April: $792,000
March: $926,000
February: $824,000

It has been predicted that the online gambling market in the Untied States could reach $5.2 billion by 2020. That figure, however, is a scaled-back amount from previous estimates. If online poker continues to disappoint, predictions could be slashed again.

Nevada currently is poker-only for the Internet. Though, some Silver State firms do offer mobile sports betting, but the state doesn’t considered that to be web gambling, for whatever reason.

Nevada’s nonrestricted gaming licensees reported a total gaming win of $901,697,989 for the month of September 2014. This amounts to a 5.96-decrease compared to September 2013, when licensees reported a gaming win of $958,894,854.

The decline in overall revenue has been blamed on high rollers running well at the high-stakes baccarat tables. Strip gaming win fell more than 12 percent.

For the first nine months of 2014, gaming win is down about one percent compared to the same period last year, according to the Las Vegas Review-Journal.