The Nevada Gaming Control Board releases a monthly Gaming Revenue Report to gauge the amount of tax revenue to be taken from the state’s casino win. The March 2011 report shows the difference from March 2010 and breaks down the win rates. The Las Vegas Strip win rate at swank casinos that raked in $72 million or more are responsible for most of the revenue for the state. These casinos include Bellagio, MGM Grand, Wynn, Venetian, Caesars Palace, Aria, and others that include baccarat. Without baccarat play, the casinos would be in a world of hurt. Overall the March total gaming win at Strip casinos was $461,348,000, an 11.54% increase from March 2010.
Baccarat at these big casinos brought in $81,741,000, a 56.76% profit from the year before with a win rate of 11.54%. Most high rollers play baccarat with average bets in the thousands. These rich players have saved Las Vegas from financial destruction. High-end slot play also increased (at $5 and up) for the significant others playing the one armed bandits. So players with money to burn are in abundance and are wined and dined to keep Nevada afloat. The comps for the rich and famous, such as private jets and butler service, must be made up by low-end players.
Middle class players are staying away from slot machines in droves. 25 cent slot machines profits were down 25.94%, 5 cent bandits plunged 34.90%, and $1 machines struggled with only a 5.5% loss to casinos on the Strip. People would rather play at local Indian casinos than fly to Las Vegas to get separated from their money. Everyone knows that Strip casinos have tightened the slots and the casinos are paying the price with lower revenues from the greed.
Blackjack and craps showed an improvement of 19.35% and 61.81% respectively. So the short term strategy of paying 6:5 for a blackjack (instead of 3:2) is doing wonders for the casinos bottom line. Craps is a fun game to play and the odds are better than 6:5 blackjack, if played right. Players disgusted with losing quickly at slots would rather get value for their money at craps. You can also play Dominoqq and other online casinos.At least your money will last long enough to get you that drink you ordered from the cocktail waitress.
