Nevada Poker Rooms Have Best June Since 2007Revenue Of $16.6 Million Up 3.3 Percent Year-Over-Year |
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Last month was the best June for Nevada poker in a decade.
Nevada’s poker rooms raked a combined $16.67 million from cash games during those 30 days, according to figures from state gaming regulators. The amount was a 3.3 percent increase year-over-year and the top performing June for the Nevada poker market since the $17.66 million in June 2007.
Ten years ago was the height of the poker boom in terms of revenue for Nevada casinos.
There were 731 cash game tables across the state last month, down 23.8 percent compared to the 960 tables in operation during the same month 10 years ago. There were 104 poker rooms in the state in June 2007, and now there are 62.
The Las Vegas Strip had 18 of the poker rooms and 415 of the tables, which generated $13.26 million in revenue last month, 80 percent of the state total. The Strip has shed nine poker rooms since the peak of the poker boom.
There were 270 tables on or around the Strip in April. The number of tables increased more than 50 percent thanks to the annual World Series of Poker, which ran from late May to July 22. The Rio Convention Center becomes home to dozens of cash game tables during the tournament schedule, and they all disappear once it’s over.
The $16.67 million in revenue was 87 percent more than May’s $8.91 million.
The WSOP set a participation record in 2017 with 120,995 total entries. There was a record 74 tournaments on the schedule this year, paying out an all-time high $231 million in prize money. The number of entries (not unique players) was up 12.2 percent year-over-year. The WSOP also said that a record 111 countries were represented this year, though the U.S. accounted for nearly 80 percent of entries. The state of Nevada had 13,260 entries, trailing only California’s 19,427.
Players from the U.S. won 64 percent of the prize money ($146.5 million).
The 2007 WSOP had 54,288 entries from 55 bracelet events. A total of $159.7 million in prize money was awarded that year. The WSOP has run during the entire month of June since 2007. The 2006 series began in late June. The WSOP has had online poker to boost participation in the live tournaments, as well as hold bracelet events over the internet, since the 2014 series.
Revenue from poker tournaments is not included in the poker revenue figure because tournaments are classified as an amenity for the casinos.
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