Nevada’s Gaming Industry Hits Important Milestone

Nevada releases its first monthly report showing revenues made by the state’s online gambling industry.

With casino developer South Point joining the ranks of companies offering online poker sites in the US state of Nevada, state officials have finally released their first financial report on internet gambling profits made this February. From now on, figures will be publicly available on a monthly basis.

Nevada now has three online poker operators licensed under current American gambling laws and they have generated a total of $824,000 in revenue. The figure pales in front of the $926 million made by the state’s land-based casino industry.

Slow year for online poker

The state’s entire poker industry – both online and offline – has generated $9,268,000 in total. This amount reflects a slight increase from the previous year.

The first company to offer online poker was Station Casinos, which debuted in spring last year. Caesars Entertainment went live with their web services in late summer. Since the launch of internet poker in Nevada, the three operators have made a profit of $8.5 million.

The amount is significantly lower than the revenue generated by New Jersey’s online casino industry, which went live last November and raked in $10.3 million in February alone. However, gamblers in New Jersey have access to a wide range of online casino games, not just poker, and there are more than three operators offering their services via the internet.