Nevada Gambling Revenue Down Again
February 2022 saw a sharp year on year decline in revenues reported by Las Vegas casinos, with numbers down by just over 20%. In February 2013 revenue stood at $1.1 billion however this years number was $926 million, however the figures reported by the Nevada State Gaming Control Board do offer up a reason why this could be the case. The control board reported a huge decrease in baccarat play with last year casinos winning $263.8 million compared to this years $158 million, a drop of some 40% and the reason for this is quite possibly due to the fact that last years Chinese New Year was celebrated in the month of February. So no alarm bells are ringing, it's just a little re-alignment of dates and events that are the cause.
Numbers regarding Nevada's online poker venture also saw a drop and the amount of players on tables during November are lower than expected, however this is down to seasonality, with downturns usually occurring in online poker at this time of the year. There's hope however that Nevada may not suffer the online poker summertime blues due to the massive influx of poker players to Las Vegas during the WSOP and observers are interested in seeing how many of those players take to the virtual felt whilst in the state. Online poker is now fully regulated in Nevada with 3 rooms open for business all vying for a share of a pretty small pool of players and it's believed that if any room is to be successful over the summer with out of town players hitting the tables, then that room will be the WSOP's Nevada online offering.