Nevada Poker Rebounds In JanuaryPoker Rooms Statewide Collect $9,782,000 During Month |
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Nevada’s nonrestricted gaming licensees reported a total gaming win of $952,704,123 for the month of January 2015. This amounted to a 7.75-percent increase compared to January 2014, when licensees reported a gaming win of $884,191,833.
For the fiscal year (July 1, 2014 to January 31, 2015), gaming win has decreased 2.12 percent. Nevada gaming win fell slightly in calendar year 2014 compared to 2013, with roughly $11 billion in gaming win between the hundreds of gambling facilities statewide.
In January 2015, gaming revenue on the Las Vegas Strip rose 15.4 percent to $576,811,306. That ends five straight months of Strip gaming revenue declines.
During January, Nevada had 72 poker rooms and 682 individual poker tables.
Revenue from poker during the month was $9,782,000, a decline of 3.44 percent compared to January 2014. So, unsurprisingly, poker was not the reason why overall gaming revenue rose.
The 682 poker tables in January is actually an uptick from December 2014’s 679 poker tables. December saw poker revenue of $9,233,000. The 679 poker tables were the fewest since the 632 poker tables in March 2005, according to data from UNLV.
So far this year, two poker rooms in Las Vegas have closed.
January’s poker rebound was actually the most revenue for poker in Nevada since July, when the annual World Series of Poker was running at the Rio in Las Vegas.
Even though there was the 3.44-percent decline year-over-year, this January’s poker revenue was more than January 2013’s $9,443,000. The 3.44-percent drop was also the lowest decline since poker revenue in May 2014 remained nearly unchanged compared to May 2013.
Included in Nevada’s poker revenue is money taken in from online poker. However, just two poker sites operate in Nevada and revenue from them is pretty small compared to live poker revenue. Nevada no longer separates online poker revenue from live poker revenue.
So, if it wasn’t poker, what was it? Nevada, and specifically the Strip, was benefited by an increase of nearly 70 percent year-over-year in casino baccarat winnings. The game accounted for $137,764,000 in revenue for Nevada casinos in January.
The big moneymakers are slot machines, and they gave Nevada casinos $561,195,000 in revenue for the one month alone. That figure is a decline of roughly one percent year-over-year.
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