Nevada Casino Revenues, PokerStars Wars, Political Developments In NV And NH

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This week in gambling news there were plenty of big numbers being thrown around.

Some were tangible and real, like the revenue reports in Nevada for 2016 gambling performance and last week’s Super Bowl.

Others are theoretical, like the potential revenue that could be gained if states like Pennsylvania and New Hampshire pass bills to either expand or allow gambling in the state.

Elsewhere, the international poker scene could be gearing up for a big battle. Major tours from online poker giants PokerStars and partypoker both made big announcements indicating grand plans for the future.

Here is the rundown of the major headlines of the week:

Millions and billions in gambling revenue in Vegas

Casinos in Nevada continue to thrive, according to recent numbers from the Nevada Gaming Control Board indicate the gambling revenue in the Silver State for 2016 came in at $11.25 billion.

The number is huge, but in the greater scheme of things, revenue numbers were basically static over last year, with growth of 1.5 percent.

The year-long numbers for sports betting were the only arena with precipitous decline. The good news for the race and sports books of Nevada is that last weekend, the Super Bowl wagering took in record figures.

All in all, the casinos accepted a record $138 million in wagers and posted a take of of $10.9 million.

Can PA gambling really bring in $250 million?

A new budget report from Pennsylvania Gov. Tom Wolf suggests the state can take in $250 million over the next 18 months through gambling expansion.

Gaming experts seem to agree these numbers cannot be met unless the state passes measures to allow online gambling in the Keystone State. There are currently proposals in the state legislature proposing both online gambling and sports betting.

Rep. Jay Costa’s online gaming bill does include substantial taxation on daily fantasy sports licensees and online poker licensees, but the proposed rates are substantially higher than industry average.

Can New Hampshire bring casinos to the state?

The bill is a bit of a long shot, but a new piece of legislation in New Hampshire is once again attempting to bring casinos to the state.

The measure would allow for two casinos in the state to help compete with a growing number of brick and mortar establishments popping up throughout the Northeast.

Poker festival “wars” escalate

The World Series of Poker (WSOP) may have a market on the summer poker scene and an outright monopoly on online satellites to bracelet events in the United States, but elsewhere in the world, there is a battle for poker tournament dominance.

The World Poker Tour (WPT) continues to chug along with another visit to Montreal this week and continues to be the prominent year-round poker tour.

Former WPT owner partypoker is getting into the game now. The online poker site recently announced the launch of the partypoker LIVE Poker Tour.

To really cause a stir, the tour hired none other than European Poker Tour (EPT) founder and former PokerStars Pro John Duthie to oversee the operation.

Meanwhile, PokerStars has completely overhauled its live events model in the past year. Gone are the days of the EPT, the Latin American Poker Tour (LAPT), and the Asia-Pacific Poker Tour (APPT).

Now the entire globe is covered under a single brand and subdivided into PokerStars Festivals and PokerStars Championship Series.

The Championship Series head to Panama next month. The Festival arm recently announced five new festival stops. Here are the dates and locations:

  • May 20-27: PokerStars Festival Chile
  • June 19-25: PokerStars Festival Marbella
  • July 14-24: PokerStars Festival Asia
  • July 28-Aug. 7: PokerStars Festival Manila
  • Sept. 16-23: PokerStars Festival Uruguay
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About

Jessica Welman has worked as a tournament reporter for the World Poker Tour, co-hosted a podcast for Poker Road, and served as the managing editor for WSOP.com. A graduate of Indiana University and USC, Welman is not only a writer but also a producer. She can be found on Twitter @jesswelman.

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