As we are all too painfully aware, the recent trend toward bad playing conditions in L.V. has become a money tsunami.
The following illustrates why the Evil Empire's bean counters are expecting huge bonuses. Their bottom-line has grown remarkably; demonstrating that there is no downside to assuming that ploppies will always throw their money away on bad games, while the card Counters will learn how to play poker or find greener pastures!
Read this twice if you can stomach it. I do not recall where I found this. I hope that it wasn't posted here.
Nevada set another record in gross gambling win in 2006: $12.6 billion, up 8.3% compared with the $11.6 billion won by casinos in 2005.
During 2006, nine of the 12 months reported a gaming win of more than $1 billion statewide, including an all-time one-month record of $1.141 billion in January.
The total handle (amount wagered) statewide in 2006 was $170 billion. Of the total, $138 billion was bet on slot machines, up 3.8% from 2005, and $32 billion was bet on table games and in race and sports books (up 9.8%). The slot win of $8.3 billion amounts to a 6% hold, while the tables and books win of $4.3 billion equals a 13.4% hold.
Nevada gamblers risked $11.2 billion at the blackjack tables in 2006, a 6.1% increase in the 2005 handle. Of that, the casinos won $1.38 billion, a big jump of 11.1% over 2005. The 2006 casino hold on blackjack amounted to 12.3%. It was the biggest handle and hold of any table game.
Baccarat had a big 2006, with $7.6 billion wagered, a year-to-year increase of 28.3%. The casinos won $835.8 million (up 25.6%), for a hold of 11%.
The whole of Clark County won $10.6 billion in 2006, a 9.5% increase over 2005. The County accounted for 84.3% of the statewide gambling revenues; compare that to 74.8% in 1990.
On the Las Vegas Strip, the win was $6.68 billion in 2006, up 10.9% from 2005. That's 53% of the state's total win. (In 1990, the Strip accounted for 47.3%.) Downtown won $634.4 million, down 3.6%. The Boulder Strip won $929.7 million, up 4.6%.