let's get the facts straight: poker makes money

[Matt Flynn]

Al,

What did you calculate for space overhead? $40/sqft/year? What's the right amount?

My guess is poker will be given a broad exception in some states as gambling laws relax. Cardhouses will spring up to meet the demand. A medium-sized room in an outlying county here (outside of the Triangle) would do well, especially since building and land costs would be low. Figure overhead of about $12/sqft for building and land costs with utilities. Not sure what the tax rate would be.

If there were 12 tables with 40% occupancy and the rake were, say, $4 per hand, what kind of money would we be talking after paying everyone? Let's say 5000 sq ft to start, so about $70,000/year in building and grounds.

Also, how do you feel about living in North Carolina? ;-)

Matt