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Nevada Poker Rooms Collected $118M In 2017

Cash Game Revenue Inches Up Compared To 2016

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Nevada’s poker rooms took in $9.5 million last month, bringing cash game revenue for the year to $118.4 million, according to figures released Wednesday by regulators with the Gaming Control Board.

The revenue was a 0.6 percent increase compared to 2016 and also slightly more than rake from 2015. Nevada has more than 60 poker rooms with around 600 tables combined, in addition to one online poker room. Revenue from the WSOP-branded platform is factored into the total, but state officials don’t give a breakdown between live and online.

The Nevada poker market reached its zenith in 2007 when more than 100 poker rooms statewide took in $167.9 million. There more than 900 tables that year.

Nevada’s poker market was about twice the size of those in Pennsylvania ($59 million) and New Jersey ($54 million), and close to three times the size of Maryland’s ($44.5 million).

Nevada’s poker revenue from December 2017 was 1.5 percent better in a year-over-year comparison, and it also marked the eighth straight month of growth.

Another highlight from the year was the $16.6 million in revenue generated in June, the best for that month since 2007. The WSOP runs for the entire month and ends in mid-July.

It wasn’t all good news, however. The Las Vegas Strip, which accounted for two-thirds of the state poker revenue, lost rooms at Luxor, Monte Carlo and Hard Rock.