Poker revenue grows in Nevada

poker revenue nevada

Credits: Las Vegas Escapes

Local casino gaming regulators revealed that poker revenue increased 4 percent in August.

US.- Nevada Gaming Control Board (NGCB) revealed this week that the 63 poker rooms in Nevada generated US$8.5 million in revenue from cash games during August operations, a 4 percent increase when compared to last year’s same period.

According to data collected by the University of Nevada, Las Vegas’ Center for Gaming Research, the 4 percent was the biggest uptick when compared to the same period in July 2016, when revenue from poker rose 7.6 percent, Card Player reported.

In the eight months of 2017 until August, half of them were good and half of them reported revenue falls. As the state figures indicate, poker revenue over the last 12 months was US$117 million. During August operations, the entire state of Nevada offered 603 tables in 63 rooms, whilst last August there were 52 more tables as it featured four more rooms.

Moreover, the Strip achieved better results as it collected US$5.3 million in August, a 5.7 percent up when compared to last year. Those results account for 62 percent of statewide poker cash game revenue.

Moreover, casino sportsbooks experienced a revenue jump of 1651 percent in August after the Mayweather-McGregor boxing match. Casino operators in the state generated revenue of US$989 million. Sportsbooks results are way ahead of every other modality thanks to the boxing fight: the modality managed to achieve impressive 1651 percent increase to US$33.9 million on an overall win rate of 11.3 percent, a new record for August operations in the state.