Las Vegas Poker Rooms Rake $6M In MarchRevenue Nearly Unchanged Year-Over-Year |
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The 20 poker rooms on or around the Las Vegas Strip took in a combined $6.1 million from cash games last month, according to figures released Wednesday by Nevada gaming regulators.
There were 20 rooms with a combined 277 tables in March.
The $6.1 million was 1.3 percent less than March 2016, when there were 21 rooms and 305 tables. The Strip area now has 19 poker rooms thanks to Monte Carlo closing its room this week.
Over the last 12 months prior to April, Strip area poker rooms took in $77.6 million, virtually unchanged compared to the same period a year prior.
Statewide, poker rooms had $9.61 million in revenue last month, down 0.7 percent compared to March 2016. There were 66 rooms with a combined 596 tables last month. Silver State poker rake over the past year was $117 million, off by less than a percent year-over-year.
The beginning of Nevada’s poker boom began in 2004 when the $98.9 million in revenue was a 44.8 percent increase over 2003. It grew by another 42 percent in 2005 to $140.2 million. Though Nevada poker has stagnated since 2013, it’s still a bigger market than it was in the early stages of the poker boom. Poker is still more popular than it ever was prior to 2005. The poker boom, though over, had lasting positive effects.
Here’s a look at how other poker markets in the country fared in March:
Nevada (includes online): $9.61 million (0.7 percent decrease)
Pennsylvania: $5.45 million (5.4 percent increase)
New Jersey (includes online): $4.75 million (3 percent decrease)
Maryland: $3.88 million (20 percent increase)
Indiana: $1.8 million (3 percent decrease)
Colorado: $1.44 million (12.5 percent increase)
Illinois: $1.1 million (7.5 percent decrease)
Iowa: $882,000 (3.4 percent increase)
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