Las Vegas Cash Game Poker Market Flat As World Series Of Poker Kicks OffNevada Poker Rooms Take In $8.4M During April |
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Poker rooms in the state of Nevada generated a combined $8.4 million in revenue from cash games last month, according to figures released Wednesday by gaming regulators.
The revenue, which came from 586 poker tables spread across 64 poker rooms, was 1.5 percent off from April 2016. Over the 12 months prior to May 1, Nevada poker rooms took in $116.9 million, also about one percent less than during the same period a year earlier.
There were 39 poker rooms in Clark County—home to Las Vegas—last month with a combined 471 tables. Those rooms took in $7.5 million (89 percent of the state total). Revenue over the past year in Clark County was $105.9 million, virtually unchanged from the prior period.
The Las Vegas Strip area had 19 of Clark County’s poker rooms and 270 of its tables, and they took in $5.2 million last month (0.75 percent decline year-over-year).
The Boulder Strip area had five poker rooms and 40 tables, and revenue there grew nearly a percent in April 2017 to $434,000. Downtown Las Vegas had three poker rooms with a combined 26 tables, and they generated $280,000 in rake, which was virtually unchanged year-over-year.
The 2017 World Series of Poker kicked off Wednesday in Las Vegas, which will provide a huge boost to the Sin City poker market. June cash game revenue about doubles revenue from April thanks to the influx of poker tourists. In 2016, players from 107 countries competed at the WSOP.
More than 100 cash game tables are added to the Las Vegas supply during the summer.
There were 107,833 entrants from 69 bracelet events in 2016, both all-time highs. There are 74 bracelet events on the schedule this year, and the WSOP will likely set another participation record. More than $220 million in prize money was awarded last summer, which helps drive cash game traffic—both live and on the WSOP’s branded poker site.
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