How Much Money Does A Casino Make In A Day?
It’s natural to be curious about how much money a casino makes every day, month, or year. However, many aren’t obligated to announce their profits, so it isn’t easy to answer.
Still, there’s a rough estimate of $40 to $50 billion for the entire online gambling industry. With that in mind, let’s take a look at what each casino could earn.
How Much Does An Online Casino Make?
Since there’s no definitive way to know how many casinos are currently operating globally, there’s a lot of guesswork here. Based on how much money the industry is worth, $40 billion works out to about $4 billion a month.
This is where it gets complicated because CasinoCity.com seems to list over 4000 casinos. Considering that we have about $1 million per casino.
But, there’s another catch here because at least 20% of the premium online casinos probably make about 80% of the profits. So, that would be 800 casinos making $3.2 billion, and the rest making far less.
How Casinos Make a Profit
Whenever you play online, you’ll be making the casino money based on the house edge and payback percentage. Essentially, every time a player loses or wins a bet, the casino still earns money.
But they pay a lot to offer online casino games from software providers. Many top developers charge over $10 000 for gaming sites to offer online slot machines, table games, and specialty titles.
That cost really influences profits, so working on $1 million per casino, that would leave about $600 000 in profits per month.
How Much Money Land-Based Casinos Make
While we can’t report on every casino globally, we can look at the overall profits in Las Vegas for 2013. The University of Las Vegas found that 23 casinos made over $72 million each, totaling over $5 billion. That’s roughly $630 000 per day without considering costs.
Since there are many more casinos in the United States, it’s difficult to know how much they actually make in total.
Still, we hope you have a good enough picture of how much money casinos make and where it all goes. Especially when you play for real money online at the casinos, we’ve reviewed.