November Down for Nevada Poker Rooms

Nevada poker rooms (Flamingo room at left) continued a recent downward trend by taking in less money in November, $8.9 million, than it did during November 2014. For the year, poker revenues at Nevada’s 667 poker tables is down 2.02 percent from 2014, as competition increases from other sources, such as online poker and national casino expansion.

Nevada’s 71 poker rooms and 667 poker tables took in more than .97 million in November, state gaming regulators announced.

The figure represents a 3.87 percent reduction in poker room revenues from a year earlier, while poker revenues continued a year-long decline of 2.02 percent through the first 11 months of 2015. During the prior 12 months, Nevada poker tables took in a total of $117,897,000.

During 2014, Nevada poker tables took in $119,904,000, which was down from $123,891,000 during 2013.

Contributing to the downward slide in poker revenues are increased online gaming, both in Nevada and out of state, and increased competition from casinos building poker rooms in neighboring states.

Some casino operators, like MGM Resorts International and Caesars Entertainment, are embracing online gaming and expanding offerings, which reduces the amounts bet on poker tables in the Silver State.

Despite a continued reduction in poker room tallies, Nevada casinos continue growing their total revenues, with $944,266,000 in total gaming revenues taken in during November, which is a 7.76 percent increase from November 2014.

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