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   Saturday, April 13 2024 
Nevada: Online poker revenue is plummeting

According to the latest report published by the State gaming regulations, Nevada’s online poker revenue continues its decreasing trend month after month. The month of October saw the lowest figure since the beginning of this year. Revenue generated by Nevada’s e-poker industry totaled $ 665,000 in October. Surprisingly, it had reached $ 1,037,000 in June thanks to the World Series of Poker festival, booming the attendance rate on poker sites. In fact, the 45th edition of the WSOP held this summer in Las Vegas has been a great revenue windfall for legit e-poker rooms in the US.

Recall that Nevada is one of the three States where online poker market is fully regulated. To be able to play poker real money online, one has to move to these States. And that is the reason why June saw the highest figure this year thanks to a growing number of participants. Many were the poker fans who joined the two-month long’ WSOP festival to indulge themselves in the game of poker. Revenue generated in July can be served as an illustration: $ 985,000. While gambling experts predicted $ 5.2 billion of revenue by 2020, the current figures appear to be deceiving except those of June and July: September, $693,000; August, $742,000; May, $862,000; April, $792,000; March, $926,000; February, $824,000. Armed with an ambitious plan to boost the economy of the state via e-poker market, California is said to regulate online poker in 2015.

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