Nevada Poker Report June 2017: WSOP Nearly Doubles Monthly Revenue

Steve Ruddock July 28, 2017 1671 Reads
Nevada poker rooms

Can you say World Series of Poker bump? Nevada poker rooms certainly can.

From January to May, monthly poker revenue was between $8.4 million and $9.6 million statewide. That number shot up to $16.7 million in June. The reason poker revenue nearly doubled from May to June is the World Series of Poker.

Needless to say, June was a very good month for poker operators in Nevada.

Not surprisingly, the number of poker tables continued to increase in June. But because the Nevada Gaming Control Board counts them at the end of the month, the growth from May to June appears as a modest seven tables, rising from 724 to 731. This is mainly because card rooms had already added over 100 tables in May anticipating the influx of players for the WSOP, which got underway on May 31.

Top line numbers

Looking at the year-over-year numbers shows a decline in total rooms and tables, but an increase in revenue.

The NGCB counted 62 poker rooms and 731 tables in June 2017, compared to 65 poker rooms and 763 tables in June 2016.

Statewide poker revenue was $16,678,000 in June 2017. That represents a 3.35 percent year-over-year increase from June 2016 when the state’s poker rooms generated $16,137,000 in revenue.

Remarkably, Nevada poker rooms posted the YoY increase despite three fewer poker rooms and over 30 fewer tables compared to June 2016. Once again, even though there are fewer rooms and tables in Nevada compared to the previous year compared, poker revenue continues to rise.

June 2017 looks even better when examined on a per table average:

  • June 2016 table average: $21,149,401
  • June 2017 table average: $22,815,321

Poker rooms and tables trends 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

May 2017: 62 poker rooms and 724 poker tables

June 2017: 62 poker rooms and 731 poker tables

Poker in Clark County

The number of poker rooms in Clark County (which includes Las Vegas) tallied 38 with a total of 616 tables in June.

Revenue-wise, Clark County continues to account for over 90 percent of all poker revenue in Nevada. In June, the county’s haul was $15,858,000, which means the state’s 24 other poker rooms (with their 105 poker tables) tallied just $820,000.

To put that in perspective, on a per table basis, Clark County makes $25,748 per table. Poker rooms outside Clark County average just $7,809.

What really separates Clark County poker rooms from poker rooms in less populous areas is the size of the rooms. Clark County poker rooms average 16 poker tables, whereas rooms outside of Clark County average just over four poker tables.

Poker on the Las Vegas Strip

As strong as Clark County’s numbers are, it’s The Strip that’s the real money maker, particularly during the WSOP.

The Strip’s 18 poker rooms accounted for 415 of the state’s 616 tables, and $13,612,000 of the $16,678,000 the state generated. ┬áThat works out to $32,800 per table.

Nevada poker rooms by the numbers

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
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