Nevada Online Poker Revenue Falls in April

decline fall 2Card Player – Nevada’s three online sites collected a total of $792,000 in revenue during the month of April, according to a state reported released Wednesday morning. That figure amounts to a decline of 14.5 percent compared to March’s $926,000. February’s figure was $824,000.

February marked the first time ever that a Silver State gaming revenue report included online poker figures.

The state was keeping the numbers under wraps until a third casino firm, South Point, started offering games. Station Casinos, which debuted games in spring 2013, and Caesars Entertainment, which kicked things off in late summer 2013, are the other two.

The online poker drop should not be too alarming if one looks at the big picture, as 2013 was the first year since 2007 that poker—live and online—in Nevada trended upwards. Live and online poker in Nevada brought in $123,891,000 during 2013, out of more than $11.1 billion in overall gaming revenue. Poker does represent a minuscule portion of overall gaming revenue.

Overall gaming operations netted Nevada casinos $852 million in April 2014, down from $854.3 million in April 2013. In other words, online poker arguably wasn’t a game-changer for the industry.

SOURCE

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