Revenues Down Slightly From June Due To Conclusion of World Series of PokerPublished on August 29th, 2014 4:08 am EST
Earlier this week Nevada's State Gaming Control Board released their "Gaming Revenue Report" for the period ending July 31st, 2014.
According to the report, Nevada's three online poker companies (WSOP.com, Ultimate Poker and Real Gaming) generated a total of $958,000 in revenue in July, down from the $1.037 million in revenue that was posted in the previous month. This drop off in revenue makes sense considering the fact that the World Series of Poker concluded in early July for most players - the state's three online poker rooms had been marketing themselves heavily to people who were participating in this year's World Series of Poker.
For the three months ending July 31st, 2014, the state's online poker market generated a total of $2.858 million in revenues. For the 12 months ending July 31st, 2014, the state's online poker market generated a total of $11.016 million in revenues.
It has been well over a year since the first hand of real money online poker was dealt in the state of Nevada. Just like New Jersey and Delaware, which have also opened their doors to legal online gaming, Nevada has had to deal with its fair share of issues and this has helped to slow the growth of online poker in the state. Geo-targeting and banking have been two issues that have continued to plague Nevada's three online poker operators.
According to Pokerscout.com, WSOP.com is the clear market share leader in Nevada with Ultimate Poker a distant second.
Source: Gaming.NV.Gov - Gaming Revenue Information
Filed Under: Online Poker Rooms