Nevada Poker Report September 2018: Las Vegas Poker Rooms Are Slowly Vanishing

Steve Ruddock November 1, 2018 1378 Reads
Nevada Poker

In September 2017, Nevada boasted 62 poker rooms and 598 poker tables. Fast forward a year and that number has been further reduced. The Nevada Gaming Control Board counted just 58 poker rooms and 561 poker tables in September 2018.

The reduction in rooms and tables is part of an ongoing trend, but September was one of the sharpest year-over-year reductions, and that’s reflected in the 2.42 percent Y/Y revenue reduction.

Top line numbers

The number of poker rooms is approaching the historical lows of 2002 and 2003, while the number of tables has fallen to 1990s levels.

However, revenue is much stronger than it was during the 1990s and early 2000s.

You can find a full annual breakdown of poker rooms, tables, and revenue at the end of the column.

September poker revenue was just over $8.5 million compared to the $8.7 million the state’s poker operators generated in September 2017.

And on a per table basis, September 2018 bested last year’s numbers:

  • September 2017 table average: $14,622
  • September 2018 table average: $15,208

That begs the question: Is poker on life support in Nevada, or are poker operators becoming more efficient?

We’re probably a few years away from knowing if it’s the former or the latter.

2018 live poker revenue in Nevada

3- and 12-month poker room and table trend

Over the last three months, Nevada has averaged 613 poker tables at 61 separate locations. Those rooms generated $29,376,000 over that period, a 1.33 percent decrease compared to the same period last year.

Over the last 12 months Nevada has averaged 603 poker tables at 63 locations. During that time the state’s poker operators have generated $119,605,000, a 1.15 percent increase compared to the previous 12-month period.

  • October 2017: 61 poker rooms and 572 poker tables
  • November 2017: 62 poker rooms and 580 poker tables
  • December 2017: 61 poker rooms and 562 poker tables
  • January 2018:  63 poker rooms and 568 poker tables
  • February 2018:  64 poker rooms and 587 poker tables
  • March 2018: 62 poker rooms and 567 poker tables
  • April 2018: 64 poker rooms and 595 poker tables
  • May 2018: 62 poker rooms and 688 poker tables
  • June 2018: 62 poker rooms and 683 poker tables
  • July 2018: 60 poker rooms and 694 poker tables
  • August 2018: 61 poker rooms and 585 poker tables
  • September 2018: 58 poker rooms and 561 poker tables

Nevada poker rooms by the numbers

The largest poker rooms in Las Vegas are mainly found on the Las Vegas Strip:

  • 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
2017 71 615 118,455,000 0.60
2018