Nevada Poker Report July 2018: Revenue Holds As More Poker Rooms Vanish

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July is always an interesting month for Nevada poker rooms.

The first half of the month tends to get a big boost from the tail-end of the World Series of Poker, followed by a mass exodus of poker players and a return to the typical dog days of summer for Nevada poker rooms.

This year July poker revenue dipped four percent for the month, despite the second-best attended World Series of Poker Main Event in history.

WSOP’s impact on July revenue

How deep into the month of July the WSOP schedule runs, and what events are at the backend of the schedule help dictate July revenue.

Last year’s WSOP finished on July 17. The final two events were the Main Event and the Little One for One Drop tournament, two of the better-attended events on the schedule.

This year the WSOP also wrapped up on July 17, but the last two events were the Big One for One Drop and a $50,000 buy-in high roller. The WSOP Main Event finished on July 15, and the last big field tournament started on the 12th.

Considering the scheduling differences, July’s four percent year-over-year drop in poker revenue isn’t surprising.

Top line numbers

For the month of July, the Nevada Gaming Control Board (NGCB) counted...

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For instance, some of the more popular United States poker sites such as Lock Poker was, are for all intents and purposes were a little too closely associated with the betting commission that regulated them; a significant conflict of interest. Take another example, the when Outright Poker and Ultimate Bet. Each of these business were owned by Tokwiro Enterprises, which is a private company entirely owned by Joseph Tokwiro Norton and headquartered in Kahnawake Mohawk Territory. This area is a little (48.05 square kilometers) sovereign Indian reservation on the south shore of the St. Lawrence River in Quebec with a population of about 8,000. The gambling commission which regulated these two sites was also in the Kahnawake Mohawk Territory and called the Kahnawake Gaming Commission (ehh, what?).

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