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Q: Casino gambling ( No Answer,   4 Comments )
Subject: Casino gambling
Category: Business and Money
Asked by: bluecrayon-ga
List Price: $30.00
Posted: 17 Nov 2006 10:34 PST
Expires: 17 Dec 2006 10:34 PST
Question ID: 783596
How many bets are placed, in all possible games, in a typical Las
Vegas casino each day?  How much money is bet, total?
There is no answer at this time.

Subject: Re: Casino gambling
From: poweredbybmw-ga on 17 Nov 2006 17:48 PST

Tourism marketing and promotion are handled by the Las Vegas
Convention and Visitors Authority, a county wide agency. Its annual
Visitors Survey provides detailed information on visitor numbers,
spending patterns and resulting revenues. You can get detailed
statistics here

Total gaming revenue was about $25 billion for 2005. On an average,
that would be $68.5 million a day.

Sizes of casinos vary, so it would be difficult to estimate revenue
per casino accurately. Here's a rough estimate. There are about 73
major casinos in Las Vegas (reference -

So that brings the average daily gaming revenue per casino to about $938,356.

Hope that helps!
Subject: Re: Casino gambling
From: bluecrayon-ga on 17 Nov 2006 18:25 PST
Hi Poweredbybmw, 

If one knew the aggregate percentage revenue per dollar spent one
could work back from $938,356 to determine how much money is actually
bet in a typical Vegas casino in a single day.  I'm not sure what the
profit margin is-- something like 3 or 4 percent I imagine.  I'm
hoping there's information out there regarding these numbers that
isn't too particular regarding the number of bets made.

Thank you for your input!
Subject: Re: Casino gambling
From: values84-ga on 18 Nov 2006 09:21 PST
In reading the following article I found some links to the information you seek.

Las Vegas Whales

What Las Vegas jargon names "whales" is in fact the creme of the high
rollers species. They are a handful of people that in some opinions
don't exceed 500 individuals in the world. Las Vegas hoteliers are
nuts about them; some claim four or five of those whales bet much more
than the rest of the thousands customers they receive daily. No wonder
they are suspected of going as far as selling their first born child
to get one of those whales into their gaming area. Five tips to
recognise a whale

The rest of the article and the links mentioned can be found at:
<a href="</a>
Hope this helps.
Subject: Re: Casino gambling
From: jack_of_few_trades-ga on 20 Nov 2006 10:32 PST
When I was in St Louis (riverboat gambling), I often saw signs about a
casino having "the loosest slots in St Louis".  These signs advertised
a 98.x% payout rate.  I don't remember the x, but if we assume it's
about 98.5%... I imagine the table games are a bit lower than 98.5%
but not much (for instance, I know that if you play a perfect game of
blackjack without counting cards then it pays 99.5%... but most people
don't play a perfect game).

So if you assume 97.5% for the casino as a whole then:
$938,356 / 2.5% = ~$40M bet in the average Vegas casino on an average day.

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