In Las Vegas, Poker Still Beats Sports Betting In Revenue Per Square Foot

Monday, 5 February 2018

By now it’s no secret that poker revenue for Las Vegas’ casinos has remained relatively flat in recent years while sports betting revenue has grown significantly in the 2010s.

However, the poker rooms still maintain a significant edge over the race and sports books in one category: revenue per square foot. According to figures released by Nevada casino regulators in the annual Gaming Abstract, the 43 brick-and-mortar poker rooms in Clark County generated about $1,120 per square foot in fiscal year 2017. Race and sports betting, which occurs in about 80 casinos in Clark County, generated $670 per square foot.

The poker rooms contained an average of 2,724 square feet, while the books averaged 4,718, according to the state’s figures released each year in January. The Nevada poker boom reached its zenith in 2007, a calendar year in which sports betting and poker revenues were nearly identical at about $168 million. Las Vegas casinos currently collect close to double the revenue from sports betting as they do from poker.

In FY 2008, there were 63 poker rooms in Clark County that generated an average of $1,170 per square foot. The sports books averaged $670 per square foot like did in FY 2017.

Both poker and sports betting trailed the other casino games in the most recent fiscal year. Pit games, which includes offerings such as blackjack, baccarat and roulette, generated about $2,700 in revenue per square foot, while slot machines took in about $1,200 per square foot.

There are more than 4,000 table games and more than 100,000 slot machines in Clark County. The state’s data comes from licensed gambling facilities that generated at least $1 million in gaming revenue in the respective fiscal year.

Sursa: Card Player

Author: Editor

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