Poker attracts cheap people. They don't make much money from poker rooms. Think about how much each table can rake per night. If the table rakes $100 an hour - or in Bostons case $200 an hour maybe - it's only making $2400 - $4800 per night per table. One whale will dump that in the pit each hand. If you break down the revenue for poker it's nothing. Than you have to pay floor, dealers, taxes, maintenance. The rake hardly covers the cost of overhead. And the type of people that come in - a lot of them complain. If poker was so profitable, they would cater to it, but it's not.

Most casinos only offer poker because feel like they need to. But it's the lowest revenue and profit in the casino by far.

Even if they had 30 tables generating $3000 in rake a day which just isn't going to happen - that is 2.7 million a month. More than half of that goes to taxes - so they are left with 1.3~ in profit. Subtract marking fees, and salaries, and you aren't left with much. A good blackjack table can print 80k a day and takes up way less space. The average casino makes 1.2 billion from slots and 800m from table games (source google). So the profit from poker is peanuts.

A lot of casinos carry poker in order to be considered 5-star resorts or something like that

not sure which google you're getting your numbers from, doubt there's a single casino in the US with $2B+ in revenue (obv no casino in the world would ever make $2B net profit)

the entire Boyd Gaming had reported net income of $464M in 2021 across its 28 properties

People post numbers AND theories in here that are baseless and factless... Some of the things are quite comical... I guess everyone is an amateur casino executive on 2+2

ive been told by casino employees that the poker room nets (after all expenses etc) $1m per table per year. while this is peanuts compared to slots in the same sqare footage, its the accompanied traffic they bring where the main revenue is from (its considered like having a pool....and extra nice add)

but on the other hand....it will def make more than slot machines with the same foot print that remain empty

I don't think so. As of 2:20PM on a random Wednesday in February there are exactly 99 people playing $1/3NL with 49 on the waitlist.

Wynn Resorts revenue for the twelve months ending September 30, 2022 was $3.794B, a 11.35% increase year-over-year. Wynn Resorts annual revenue for 2021 was $3.764B, a 79.58% increase from 2020.

I dunno man, I just copy and paste stuff and look at earnings reports - who knows if it's right or wrong.

You gotta search around - it takes a while and if you really wanna pin point exact numbers you can just read their earnings transcript if they are a public company but that takes a little bit more time.


You can just google it, or look at an earnings report - It's not that hard, unless they are lying about their numbers.

you do realize Wynn Resorts is not a single casino?

and lol at just posting the revenue numbers, if I start selling dollar bills for $0.97 I can generate billions in revenue very quickly as long as I have funds to cover the spread

if I'm reading their financials correctly, Wynn actually ate about a half a billion loss in 2022

yes - i recently just sold my position on the market - but we are talking about poker - and revenue - it's the same concept. They don't make squat from poker. Not all rake they take is profit ether.

And for a single casino - MGM national harbor - $115,016,950 in October 2022 which is over 1b a year

Just wow.

what is this I can't even

BBJ was hit last night

Due to this the rake is now confirmed to be $25 per hand with a jackpot drop of $7.50 per hand...

A busy poker room like the Encore is immensely profitable.

At least $200/hr in rake is coming off every poker table, and the dealers are making about $8.00 hr plus tips.

They also need floors, managers, cage personnel, schedulers, engineers, security etc. All of them get paid more than $8 an hour, not including benefits, and those benefits probably run the casino at least 500+ a week per employee. Sure it’s profitable but I’m not sure it’s immensely profitable. How many of those employees are used if there are just slots up there? Not nearly as many..

I think the person that said they will keep raising the rake until people stop going is spot on. They can go back to slots or tables, get the MGC off their back and be done with it. Remember before covid when they cut the room in half and added BJ tables. If the poker room was so profitable they wouldn’t have added BJ tables up there that sat empty all week and only ran on the weekends.

I'm surprised the rake isn't higher. $10-$15 rake will probably soon be considered the norm and you will need to play $5-$10 or higher to have a chance.

Surprised casinos haven't figured out a way to start raking table games, too

They don't need to scare people off. Their edge is good enough to rake in millions.

You pay an ante for table games in OK.

Most places just screw with the payouts. Why do you think 000 roulette and 6:5 BJ even exist. Most players have little clue or concern over what these kinds of changes do to the odds.

No need to rake when you make the odds bad enough.

If the lists continue to be this long with $10+2 rake, the rake is not high enough as far as Encore is concerned.

Looks like they are open 24 hours on the weekends now. From Thursday 10:00 am until Monday 6:00am

i call total bullshit on this.

He's right, and wrong. If a table is running 24/7 all year, it will drop about $1M in rake. But that doesn't mean a 10 table room rakes in $10M. As most of the time, many of those tables are not in use. But if a 10 table room averages a game running at 4 of the tables, then it will rake in about $4M.

Obviously this varies a lot from area to area, but it's a reasonable estimate when we're lumping together all the poker rooms across the U.S.

Cheers, Greg Raymer (FossilMan)

these were the exact assumptions at the time of discussion

thanks Greg

are you talking gross or net? the original guy said it was net

i know in macau they were limited by the amount of tables they could have, so if all the baccarat tables were getting action they'd leave the poker tables closed because the poker tables were higher upkeep to run and brought in less revenue per hour - so many places steadily reduced their tables to eventually not offering poker at all and other places that held steady like the wynn would sometime only have a total of 3 tables running and not even bother with the lower 25/50 and 50/100 stakes because they wanted to free up tables for baccarat - there'd be times i got there, would see only 2-3 tables open and a wait list of 2+ hours and it'd make more sense to do a commute from the mainland to cotai because none of the other casinos nearby bothered with poker because the profits weren't worth it if they could get baccarat action