After breaking the $1 million mark in June, revenue for online poker in Nevada saw a slight drop in July. Despite a five percent decline month-over-month, the state still saw its second best month since figures were released back in February.
Drop Was Expected Post-WSOP
According to the Las Vegas Review Journal, Nevada online poker collected revenues of $985,000 in July versus $1,037,000 in June. The state benefited from the 45th annual World Series of Poker held at the Rio for six weeks but lost its seasonal players by mid-July.
From late-May through mid-July, WSOP.com was completely integrated into the 2014 WSOP. Players were encouraged to play from the tables and rules were even changed to allow play from laptops and post-bubble play online.
The event was tailor made to bump traffic at the site and helped move Nevada past the $1 million mark. Following the WSOP, seasonal players went home but the state still nearly hit the $1 million mark for the second month.
Numbers Up for Vegas Casino Industry
Despite fears that Las Vegas casinos would have a losing month in July, the state pulled out a 0.65 percent increase year-over-year. Nevada collected gaming win of $932 million for July 2014 versus $925.8 million in 2013’s seventh month.
July’s win comes one month after the state reported a 14 percent increase year-over-year in June.
Tourism is the Key for Improving Casino Numbers
The two-month win streak is likely a direct result of the recent influx of tourism to the state. The Review Journal also reported that Vegas saw record tourism in both June and July with both months posting their best numbers in history.
Through July, tourism in Las Vegas is up 2.2 percent over 2013 with 24.2 million tourists having already visited the city. By the end of the year, Vegas could see a record 40 million visitors.