Nevada Poker Still Struggling As Room Closure Looms, But Revenue Climbs

Steve Ruddock March 30, 2017 391 Reads
Nevada poker Las Vegas

February saw a slight uptick in the number of poker rooms and poker tables in the state of Nevada.

The newest numbers on Nevada poker

January’s Nevada Gaming Control Board report tallied 65 poker rooms and 596 tables in the state. February’s report indicated there were 67 poker rooms and 600 tables in Nevada.

The bad news is the current numbers for tables and poker rooms in Nevada are down by about a third from poker’s peak years of 2006 through 2011. In that span, Nevada averaged more than 100 poker rooms and over 900 tables.

The slight uptick in rooms and tables also produced a small increase in daily poker revenue. The state’s poker tables generated roughly $315,000 daily in February 2017, compared to $309,000 daily in 2016. However, because 2016 was a leap year, poker revenue for the month of February was down just slightly year-over-year.

  • Nevada state-wide poker revenue for February 2016: $8.975 million
  • Nevada state-wide poker revenue for February 2017: $8.833 million

Again, the revenue numbers from 2016 and 2017 are a far cry from the revenue numbers from several years ago, when the state’s poker rooms tallied:

  • $13.2 million in February 2007;
  • $13.2 million in February 2008;
  • $11.3 million in February 2009;
  • $10.7 million in February 2010; and
  • $9.9 million in February 2011.

Here’s a look at the live poker trends in the state dating back to 1992.

Poker in Clark County

The number of tables and poker rooms in Clark County did not change from January to February, with the NGCB reporting 40 poker rooms and 476 total poker tables in the county that includes Las Vegas.

In February 2017, Clark County accounted for 66 percent of the state’s poker rooms (40), 79 percent of the state’s total poker tables (476), and a 90 percent of total poker revenue ($7,950,000).

Poker on the Las Vegas Strip

The Strip is home to 20 of the state’s 67 poker rooms. Interestingly, the number of tables on the Strip dropped from January to February (from 275 to 273), but these seasonal fluctuations in tables aren’t uncommon and can ebb and flow with tournament series and other traditional visitation peaks.

However, more contraction is on the horizon, as the Monte Carlo has announced it will close its eight-table poker room on April 25.

The largest poker rooms in Las Vegas remain unchanged:

  • 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
Image credit: Tupungato / Shutterstock.com