Nevada Poker Has Best September In 4 YearsRooms Enjoying Longest Winning Streak Since 2013 |
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Nevada’s cash game poker market is on a five-month-long winning streak.
The state’s poker rooms raked $8.7 million from the games in September, according to figures released this week by gaming regulators. The amount was the best September for the rooms since the $8.9 million in revenue generated four years ago, according to data compiled by the University of Nevada Las Vegas’ Center for Gaming Research.
Nevada had 62 poker rooms with a combined 598 tables in September 2017. There were 80 rooms with a combined 755 tables in September 2013. That was the month that the WSOP kicked off its online poker site in the Silver State. These days it’s the state’s only i-poker operator.
The $8.7 million was a 3.5 percent increase compared to the $8.4 million raked in September 2016. Nevada poker rooms have posted year-over-year revenue gains since May.
The last time the rooms had a winning streak that long was between June and November in 2013.
The best September ever for Nevada’s poker industry was back in 2006, when the rooms raked $12.6 million. That was around the height of the poker boom in the Silver State.
Over the 12 months prior to Oct. 1, 2017, Nevada poker rooms took in $118.2 million, just a third of a percentage point better compared to the same period the previous year.
In July, rake of $12.4 million was the best for the rooms for that month in six years.
The WSOP, which ran from May 30 to mid-July, set a participation record in 2017 with 120,995 entries. The number of entries was also up 12.2 percent year-over-year. There were a record 74 tournaments on the schedule, paying out an all-time high $231 million in prize money.
Nevada poker could soon get a boost thanks to a three-state liquidity sharing deal with New Jersey and Delaware. Furthermore, Pennsylvania’s online poker bill became law this week, and the Keystone State could provide even more players to the combined player pool.
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