Nevada’s legal online poker sites managed a slight revenue uptick in March, according to figures released yesterday by the State Gaming Control Board.
Total revenue for March was $926,000, compared to $824,000 in February. That breaks down to a daily average of $29,871 in March vs $29,428 for February, or a bump of about 1.5%.
State reporting does not break out earnings by operator. Based on traffic levels, WSOP.com likely accounted for 50-60% of total revenue and UltimatePoker.com for the remaining 40-50%. Real Gaming, the third online poker site in Nevada, would not have contributed materially to the overall revenue numbers for March.
Cash game traffic at Nevada’s online poker sites in April is off around 10% from March, according to data from Pokerfuse Pro and PokerScout.com.
That should exert a drag on revenue numbers for April. However, cash game traffic dropped by a similar amount from February to March and revenues grew (albeit only slightly).
One explanation is that revenue from MTT and SNG play has grown as cash game revenues are declining.
The current average player pool at Nevada’s legal online poker sites is now off some 40% from the market’s peak back in November of 2013.
While regaining traffic levels anything like the November peak may prove a tall order during the summer months, a number of factors on the horizon could help stop the downward slide and even push Nevada’s traffic trend back toward a positive angle: