Online poker revenue continues to tumble in Nevada

Online poker revenue continues to tumble in Nevada

Thursday, November 27, 2014 Totally Gaming

The Nevada Gaming Control Board has confirmed that the US state’s online poker market has suffered another fall in monthly revenue, with October’s total dropping below this year’s previous monthly low.

The body reported that revenue from online poker operations in Nevada totalled $665,000 (€532,085) in October, a figure that now represents the state’s lowest monthly total so far this year. Nevada’s previous record-low monthly revenue total, which stood at $693,000, was set in September.

This slump looks only set to continue with one of the state’s three licensed online poker websites having opted to cease operations in Nevada.

Ultimate Gaming, majority owned by Las Vegas-based casino-hotel firm Station Casinos, was the first operator to launch a legalised online poker service in Nevada when state regulators first legalised internet gambling activities last year.

However, after having already pulled out of the regulated New Jersey market, the operator last week opted to withdraw its services from Nevada in a move that is only likely to further damage the state’s online gaming revenue performance.

Despite the ongoing slump in the Nevada online gaming market, the state reported a much better performance in terms of total gaming win during October. The Nevada regulator posted total casino gaming revenue of $913.6m in October, which is up from the $901.7m achieved in the previous month.

However, this figure is some way behind the $954.3m in casino gaming revenue generated in the same month last year.

 

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