Nevada's Poker Market Has Best July In Six YearsSilver State Poker Tables Take In $12.46M Last Month |
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Poker in Nevada has had a good summer.
The 724 cash game tables in Nevada last month raked a combined $12.46 million, according to figures released Wednesday by state gaming regulators. The revenue was an increase of more than one percent year-over-year and the best July for the market since the $13.52 million in 2011.
Last month’s performance follows a $16.67-million June, the best June for the industry since 2007, the height of the poker boom in the state.
With that said, the supply of live poker tables continues to decrease.
There were 63 poker rooms statewide last month, down from 100 in July 2011 and five fewer than there were in July 2016. There were also 943 tables six summers ago. The Las Vegas Strip—the Silver State’s main casino corridor—had 17 of the poker rooms and 395 of the tables last month, down from 28 and 490, respectively, in 2011.
Revenue per live cash game table of $17,200 in July 2017 was the best it’s been in over a decade, according to data complied by UNLV’s Center for Gaming Research.
The World Series of Poker, which ran from May 30 to July 11 this year, set a participation record in 2017 with 120,995 total entries. There were a record 74 tournaments on the schedule, paying out an all-time high $231 million in prize money. The number of entries (not unique players) was also up 12.2 percent year-over-year.
While the last tournament of the summer kicked off on the 11th, the main event wrapped up on the 23rd thanks to the scrapping of the November Nine format. The 2016 final table was set on July 19, so many poker enthusiasts had reason to be in town for a little longer this summer.
Nevada poker revenue for the three months ending July 31, 2017 was $38.05 million, up nearly two percent compared to the same period last year.
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.
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