2019 Is Shaping Up To Be A Great Year For Nevada Poker Rooms

Steve Ruddock April 30, 2019 1412 Reads

Three months into 2019, it appears Nevada’s poker industry is on pace to post one of its best years in recent memory. As USPoker detailed last month, the trend is likely due to poker rooms becoming far more efficient.

March 2019 saw poker revenues climb for the third consecutive month, and all three gains have been significant.

2019 Y/Y revenue changes:

  • January 2019: +6.52%
  • February 2019: +3.79%
  • March 2019: +6.30%

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A look inside this month’s revenue numbers

The Nevada Gaming Control Board counted 57 poker rooms and 556 poker tables in its latest monthly report. That’s an increase of two rooms and 10 tables compared to February. That said, the state counted 62 poker rooms and 567 poker tables in March 2018.

On a per table basis, March 2019 outperformed March 2018:

  • March 2018 table average: $17,908
  • March 2019 table average: $19,385

2018/2019 live poker revenue in Nevada

Has the market found its floor?

The poker inventory (rooms and tables) has leveled off following a systematic decline dating back several years.

Over the past seven months, Nevada’s poker rooms have experienced miniscule changes. During that time, the number of poker tables has fallen between 548-561, while the number of poker rooms has fluctuated between 55-58.

Both of these trends indicate the Nevada poker market has found a floor of 55-60 poker rooms and around 550 tables.

3- and 12-month poker room and table trend

Over the last three months, Nevada has averaged 550 poker tables at 57 separate locations. Those rooms generated $29,669,000 over that period, a 5.68%  increase compared to the same period last year.

Over the last 12 months Nevada has averaged 594 poker tables at 63 locations. During that time the state’s poker operators have generated $121,607,000, a 2.12 percent increase compared to the previous 12-month period.

  • 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
  • October 2018: 56 poker rooms and 558 poker tables
  • November 2018: 58 poker rooms and 561 poker tables
  • December 2018: 56 poker rooms and 553 poker tables
  • January 2019: 57 poker rooms and 548 poker tables
  • February 2019:  55 poker rooms and 546 poker tables
  • March 2019: 57 poker rooms and 556 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 62 599 120,010,000 1.33

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