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Poker Pittance

Online poker brings in $8.5 million in Nevada

Nevada’s internet poker sites have brought in only .5 million in revenue in their first 10 months of operation, according to the first revenue results released by state regulators.

The figures were cumulative and not divided among the three operating sites, each of which had different launch dates.

Ultimate Gaming was the first site to go live in Nevada in April 2013, followed by Caesars Interactive’s World Series of Poker brand and more recently Real Gaming.

WSOP.com is considered to be the leading site in Nevada, according to various online poker news websites that track player numbers.

The Nevada Gaming Control Board has begun releasing revenue figures now that Real Gaming—which went live in February—is operating. Regulators were not required to release revenue figures until three sites were operating in the state.

For February, with three sites operating, online poker generated only $824,000 among them during the month.

The state’s overall gambling performance at brick-and-mortar casinos was also down 13.7 percent for February, generating $926.1 million in revenue.

Despite the low numbers, Nevada regulators have approved applications from six companies to extend internet poker licenses that were set to expire, as they have not launched online sites. Published reports suggest that most of these companies are taking a cautious approach and weighing the state’s online market before moving.

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