Nevada Posts Big Poker Numbers in June

On the back of the World Series of Poker the Nevada Gaming Commission reported their highest live poker revenues for the month of June in a decade this year.

The numbers reported in late July showed that the state’s poker rooms hauled in $16.67 million from cash games in the month of June. That amounts to a 3.3 percent increase from June 2016 and marked the richest June Nevada poker has seen since recording $17.66 million back in 2007.

For some more recent comparisons the totals were almost double the revenue produced in the month of May this year of $8.91 million.

One surprising part about the large revenue numbers is that it comes at a time when the number of poker tables in Nevada is being scaled back. During June there were 62 poker rooms and 731 poker tables accounted for in the state. That’s more than a 200-table drop from 2007, the last time revenue was this high, when there were 104 poker rooms and 960 tables in the state.

World Series of Poker Big Part of Rise

It’s obviously no coincidence that these high revenues came in during the peak period of the World Series of Poker. This year’s WSOP set a record with 120,995 entries, with players from around the globe flocking to Las Vegas. The WSOP reported that 111 countries were represented in this year’s WSOP.

According to reports during the month of April there were 270 poker tables available on the Las Vegas strip.

During the WSOP when the Rio breaks out dozens of tables for cash games and a few other casinos follow suit, there were approximately 415 tables available around the strip. Of course, once the WSOP concludes these extra tables head back into storage again.

The revenue boost from poker in June has 2017 overall casino and betting revenue on an upward trend when compared to revenue numbers from last year. According to the Commission revenue from casinos and betting in the state is up nearly one percent from where it was this time in 2016.

That may not sound like much, but it’s much better than the flat or declining revenues that have plagued Nevada gambling dens in recent years.