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   Sunday, July 14 2024 
Online poker revenue slumped by 6.7 % in September, NGCB reported - Nevada

Nevada is one of the three States in the USA with regulated online poker market. For a couple of months, Nevada has experienced straight online poker revenue drop. According to the September- report released by Nevada Gaming Control Board, its market showed a 6.7% drop in revenues to $ 693,000 compared to that of August. It fell by 8.9% compared to the same month last year. Worse, the September’s result is the lowest ever recorded this year since the State published its first revenue-figures last February: August ($ 742,000), July ($ 985,000), June ($ 1,037,000), May ($ 862,000), April ($ 792,000), March ($ 926,000) and February ($ 824,000).

Thanks to the recently concluded World Series of Poker, Nevada’s ipoker market experienced significant increase as evidenced by the revenues of June and July. Many players came to Las Vegas to participate in the world poker championship; it was also a great opportunity for poker fans from neighboring states where online poker is not regulated yet. Speaking of land-based casinos, Nevada also recorded two months of consecutive decline in revenue. After August’s 3.66% fall, the month of September showed a 5.96% drop to $ 901.7 million. Las Vegas Strip suffered the toughest fall with 12.12% to $ 494.9 million in September, while that of Downtown Las Vegas was down to 3.98% to $ 43.5 million the same month. On the southernmost tip of Nevada, in Clark County, things appear to be reasonably rosy with Laughin and its 3.92 % revenue increase, Boulder Strip with its 14.28 % up and Mesquite’s revenue increase of 1.19 %.

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