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Las Vegas Casinos

Las Vegas Casinos

Everyone knows that Las Vegas is the gambling centre of the US, everyone loves to go there and have a go on some of the games in the casinos or have a few bets on sports games. But how much money do the casinos and sports books in Vegas actually make? I’ve done a bit of research and the following is what I have found.

Let’s start out by looking at the sports books in Vegas. It may not be difficult to guess but there are certain times of the year when the sports books tend to make the most money. These events are things such as the Super Bowl and March Madness. This year a record figure of $119.4 million was bet on the outcome of the Super Bowl and the sports books made an absolute fortune, raking in $19.7 million is profit which is more than the profits of the previous three Super Bowls combined and surpassing the previous record set in 2005 of $15.4 million.

The Super Bowl is the biggest single event in the calendar for sports books but it is only one match, what about an event with multiple matches that lasts over a week? That’s exactly why the sports books love March Madness! It is estimated that the sports books took $200 million worth of bets in the first four days of March Madness this year.

Sports books are only a portion of the gambling wealth in Las Vegas as we all know but how much do the casinos actually make? The total revenue made by Las Vegas casinos in games including all table games, slots and card games in 2013 totalled $6.5 billion. The biggest contributor to this was baccarat which made total revenues of $1.5 billion in 2013, followed by Blackjack which made $835 million. Other games such as Craps and Roulette both made between $250 and 300 million.

To delve into corporations behind these casinos we can take a look at the total revenue of the two biggest corporations on the strip: Caesars Entertainment Corporation and MGM Resorts International. MGM is in control of such casinos like Bellagio, MGM Grand and Mandalay Bay. In 2013 MGM made total revenue of $9.81 billion, which includes not only gaming revenue but also that of the hotel and hospitality offered by their various casinos. Caesars Entertainment also made an impressive $8.56 billion in total revenue in 2013.

It is obvious that Las Vegas makes a fortune through various gambling mediums but the actual revenue figures are staggering.

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