MGM properties raised percentage based rake to $5 at all Las Vegas properties yesterday & today with the exception of Luxor, which is closing next month. Las Vegas poker rooms with $5 rake are listed below. It was only a matter of time and with this change all of the premier Las Vegas rooms are now taking $5.

Aria $5
Bally's $5 + $1
Bellagio $5
Excalibur $5 + $1
Flamingo $5 + $1
Mandalay Bay $5 + $2
MGM $5 + $2
Mirage $5 + $2
Planet Hollywood $5 + $1
Venetian $5 + $1
Wynn $5

More rake is better!

During WSOP only according to dealers. Going back to $4 after.

Sent from my Moto G (5) Plus using Tapatalk

What about Rio and Caesars Palace?

I play time games at the WSOP but I'm 99% sure that percentage rake games are $5 max. Caesars Palace is still $4.

REEEEEEEEEEEE!

Mirage takes $2 for the jackpot? I thought they took $1.

Wow at $7 rake for MGM Grand after it was $4 around 3-4 years ago.

Almost Los Angeles territory

(1) Is this definitely only for the WSOP or will they "forget" to bring it back down after the series is over? I have a feeling that this will be the new rate going forward. They will see people still playing and will just keep it.

(2) Is Caesars Palace the last $4 game on the strip?

(3) Has Vegas ever seen a $5+$2 game before? Has total rake plus drop ever been $7 anywhere in Vegas? This makes MGM, Mirage, and Mandalay Bay the WORST rooms in town. I used to play there because $4+$2 is slightly better than $5+$1 at the CET properties but this is BS!

Why would they lower it back to $4 after the WSOP? The short term impact is minimal and will raise a lot more money for the house. It will hurt the games long term but they don't think that far ahead.

Here's the chance for Caesars, Venetian and Wynn to raise it to $6 and for MGM to still claim they offer the lowest rake at $5. Then MGM can raise it to $6 and the other properties can raise it to $7.

Call me crazy but $5 seems fair in 2017 when it's been $4 for as long as I can remember.

Many players will also be paying the parking fees though. And with casinos really pushing to make every penny they can these days, I expect rake increases to happen much more frequently.

Great now Caesar's is gonna be full of grinders.

Not correct. By this logic the rake should "fairly" be increased to $100+ given enough time.

It definitely should when inflation/wages catch up in the distant future.

It's not the casinos fault that players want to gamble for less and less money and average stakes played in poker rooms decrease even though everything else gets more expensive.

Parking is a separate issue that I have an independent opinion about, but the way you feel is valid.

Played last Saturday at Caesars.... $4.confirmed, soft game confirmed.

You're crazy.

Supposedly inflation is 1 1/2% or so and the rake went up 20%. Resort fees up, parking fees up from zero.

But I'm sure it's just to make the playing experience better.

Less and less games going after WSOP leaves town

What did it used to be? At all the casinos I play at, $5 up to 10% plus BBJ is the standard.

Not correct. By this logic the rake should "fairly" be increased to $100+ given enough time.

Edit: It is an interesting point though, how do cardrooms adjust for inflation without simply raising the rake? I guess the only way is rake a capped % of pot and raise the minimum stakes accordingly as inflation demands.

Inflation has been close to 2.5% so far this year. Last year was 1.3%.

When did rake go up to $4? If you started at $4 ten years ago, you should be around $5 by now if you adjust for inflation even if you don't account for the lost money from not adjusting rake yearly according to inflation rate.

Inflation can be anywhere from negative to double digits.

You have to look at this over periods of time. I don't know when the rake went to $4, but for this example, let's say it increased to $4 in 1997, which is 20 years ago. Over that 20 year period of time the rake increased by 20%, which is less than the rate of inflation. You can't look at 1 year in a vacuum and get upset because "the rake increased by 20%". Would you like them to put pennies, nickels, and dimes in the rack in order to make smaller changes more often to stay exactly at the rate of inflation? As I said, without crunching the numbers $5 seems fair as long as it holds there for a long time as it did with $4.

Edit: Madlex beat me to it. Also, good point on rake savings each year since the rake only goes up periodically by whole dollars.

games at caesars will be horrible now i guess