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#1
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http://www.kolotv.com/home/headlines/9089381.html
Wagered: $170 billion Lost: $12.74 billion Slots: $8.34 billion Blackjack: $1.4 billion Baccarat: $900.4 million Craps: $471.8 million Sports betting: $175.7 million Poker: $170 million |
#2
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[ QUOTE ]
http://www.kolotv.com/home/headlines/9089381.html Wagered: $170 billion Lost: $12.74 billion Slots: $8.34 billion Blackjack: $1.4 billion Baccarat: $900.4 million Craps: $471.8 million Sports betting: $175.7 million Poker: $170 million [/ QUOTE ] Any idea how they calculate the poker? Is that $170M in rake and tourney fees? |
#3
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but enough about Vinnie Vinh
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#4
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Sports betting: $175.7 million Poker: $170 million [/ QUOTE ] Thinking about whether casinos will continue to keep poker rooms open, how profitable are poker rooms compared to sports books? We see that the revenue is about the same, but what about expenses? I believe that sports books have a much more established history in casinos than poker rooms, so if poker can produce a similar profit to sports books, we shouldn't see a mass closing of poker rooms in vegas. I'm pretty sure the breakdown is by revenue generated, which for poker means rake. The sum of the different games is about equal to the total revenue figure of 12 billion. |
#5
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XXX,
Yeah, I'd assume that number is rake/fees from poker (you can prob find more detailed info at gaming.nv.gov). |
#6
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iron,
Note that the figures do not include things like Keno and all the random table games, which probably account for most of the missing $$$. |
#7
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Thinking about whether casinos will continue to keep poker rooms open, how profitable are poker rooms compared to sports books? We see that the revenue is about the same, but what about expenses? [/ QUOTE ] Poker is just about the least profitable thing in a casino in terms of the floor space used, all the personnel and salaries. The main reason behind running poker these days is to get people in to stay and play the pit. |
#8
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The small number for sports betting surprised me. I guess local bookies get most of the action.
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#9
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The small number for sports betting surprised me. I guess local bookies get most of the action. [/ QUOTE ] Yeah that was surprising. I'd guess internet sites get a lot of the action these days too. At the Italian Deli I frequent the shopkeep that I usually talk to told me had started bookmaking and was making a lot of money. That sort of blew my mind. I don't understand why you would make a bet with some random guy who surely gives horrible odds when it's so easy to go on the internet these days. |
#10
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I don't understand why you would make a bet with some random guy who surely gives horrible odds when it's so easy to go on the internet these days. [/ QUOTE ] You don't have to front the cash to place bets. |
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