Nevada Poker Report April 2017: Las Vegas, State Continue To Shed Rooms, Tables

Steve Ruddock June 8, 2017 742 Reads
Nevada poker rooms

The erosion of Nevada poker rooms continued in April. The state shed two more poker rooms and a total of ten tables, according to the latest Nevada Gaming Control Board monthly gaming revenue report.

Top line numbers for Nevada poker

In April 2016, the NGCB counted 66 poker rooms in the state and a total of 647 poker tables. This April, the number of poker rooms dipped to 64 and total tables plunged to 586.

Statewide poker revenue was $8,442,000 in April 2017. That means even with 61 fewer tables statewide, poker revenue was down just 1.5 percent year-over-year.

This marks the third consecutive month where poker revenue has been relatively static.

  • February 2017: -1.58 percent
  • March 2017: -0.73 percent
  • April 2017: -1.54 percent

Another trend we’ve been following in 2017 is the increase in per table revenue. The per table average in April 2016 was $13,252. In 2017, the per table average rose to $14,406.

Consistency continues in 2017

The number of poker rooms and poker tables in Nevada has been pretty consistent in 2017.

  • January 2017: 65 poker rooms and 596 poker tables
  • February 2017: 67 poker rooms and 600 poker tables
  • March 2017: 66 poker rooms and 596 poker tables
  • April 2017: 64 poker rooms and 586 poker tables

The consistency could be a sign that the sharp declines in rooms and tables over the last several years is coming to an end.

However, there will be a marked increase in the coming months thanks to the World Series of Poker, which runs from late May to early July. The WSOP bump won’t show up in May’s revenue report, but it will feature prominently in the June and July reports.

Poker in Clark County

Clark County dipped from 40 to 39 card rooms from March to April. Total poker tables in the county (which includes Las Vegas) fell from 478 to 471 during the same period of time.

The losses were caused by the closure of the Monte Carlo poker room.

Clark County vastly outperforms the rest of the state in terms of revenue.

Despite possessing just 80 percent of the state’s poker tables, Clark County poker rooms generated $7,559,000 of the $8,442,000 Nevada collected from poker tables in April — roughly 90 percent.

Per table, Clark County poker rooms generated about $16,000 in April. This is well above the statewide average of $14,000 and double what poker tables outside of Clark County produced, which amounted to approximately $7,700 each in April.

This per table average becomes even more pronounced when we focus solely on the Las Vegas Strip.

Poker on the Las Vegas Strip

With the loss of the Monte Carlo poker room, The Strip is down to just 19 poker rooms and 270 tables.

However, Las Vegas Strip poker tables bring in an average of $19,400 per month. The Strip’s 270 poker tables (less than 50 percent of the statewide total) generated 62 percent of all poker revenue in Nevada in April: $5,238,000.

The largest poker rooms in Las Vegas remain unchanged, and as expected, The Strip dominates:

  • Venetian (The Strip) – 37 poker tables
  • Bellagio (The Strip) – 37 poker tables
  • Orleans (Las Vegas off-strip)- 35 poker tables
  • Wynn (The Strip) – 28 poker tables
  • Aria (The Strip) – 24 poker tables
  • South Point Casino (Henderson) – 22 poker tables
  • Green Valley Ranch Casino (Henderson) – 22 poker tables
  • Red Rock Casino (Summerlin) – 20 tables

Historical data and trends of poker in Nevada

Here’s a look at several key poker metrics from the UNLV Center for Gaming Research, which has been tracking the number of poker rooms, tables and revenue since 1992:

Year # of Rooms # of Tables Total Revenue % Change YoY
1992 92 564 74,701,000 -2.57
1993 89 571 70,814,000 -5.20
1994 93 586 71,667,000 1.20
1995 92 574 66,520,000 -7.18
1996 82 539 64,485,000 -3.06
1997 77 490 61,509,000 -4.61
1998 76 526 58,873,000 -4.29
1999 70 546 63,244,000 7.41
2000 68 473 63,064,000 -0.28
2001 65 475 59,673,000 -5.38
2002 57 386 57,791,000 -3.15
2003 58 383 68,276,000 18.15
2004 79 484 98,862,000 44.80
2005 96 701 140,224,000 42.00
2006 106 886 160,929,000 14.77
2007 113 907 167,975,000 4.38
2008 113 913 155,724,000 -7.29
2009 114 905 145,580,000 -6.54
2010 109 920 135,200,000 -7.13
2011 104 872 131,877,000 -2.46
2012 99 809 123,253,000 -6.54
2013 88 774 123,891,000 0.56
2014 79 736 119,904,000 -3.18
2015 76 681 118,023,000 -1.57
2016 73 661 117,753,000 -0.18