Casino Guide Book

July 8, 2009

How much profit, on average, will any decent vegas casino (venetian, caesar’s palace, harrahs, etc)?

Filed under: Las Vegas — Tags: , , , , — admin @ 4:39 am
casino book
BR asked:

make in one night, with ALL of their football sports books? Baseball?
Are there nights where they go in the hole ever, or do they ALWAYS profit?
I am making a reference SOLELY to Sports books, Not slots, not tables, not cards…not horse racing…just sports books.

3 Comments »

  1. You will be surprise to learn that none of the casinos you mentioned have made a dime this year. Their financial problems are so bad that the Venetian is facing bankruptcy as we speak.

    MGM Mirage is also have serious money problems. City Center completion is in jeopardy but luckily it’s a joint venture with Dubai and that’s the only reason construction is still going on.

    In a nutshell, Vegas hotels are in trouble. Rooms rates have hit rock bottom but visitors are simply not gambling or spending their money. They rather enjoy the pool, eat at the buffets and if they need to gamble, head downtown.

    Comment by Chip O — July 11, 2009 @ 12:47 am

  2. In the long run no casino loses between the sports bets, tables and high-profit slots. The “take” is down due to the economy. But when the Bellagio opened years ago they were making a million a day

    Comment by banananose_89117 — July 12, 2009 @ 9:23 am

  3. For calendar year 2007 the larger casinos in Vegas (non-restricted Clark County) made $145.384M profits from Sports Books from 99 locations reporting to the Nevada Gaming Control Board. This is not the total betting action but just the net income for the books.

    On a per day, per casino basis it works out to about $4,023. Some sports books are very small and use Leroy’s or Cal Neva to run their sports books. Some like the Hilton have a huge sports book and do their own lines.

    The popular sports books like Hilton, Caesars, the Station casinos probably make most of the money. However, the books often will lose money if the squares (general betting public) get a bet right. Usually but not always, a favorite that wins by a larger margin than the line with more points scored total is bad for the casinos.

    Also, when underdogs win outright, it is usually good for the casinos because it busts the parlay bets where they have the biggest advantage.

    If you want to see the Nevada Gaming Control Board numbers in tables that show where the casinos make their money and what advantage they have over the players for the different games, there is a website that publishes these in an easy to read format.

    Comment by NoSEOPro — July 15, 2009 @ 8:53 pm

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