The Soapbox

WanderingHoo

Joined: 07/31/2001 Posts: 100
Likes: 268


Lets do a little math


Start with a full 6 seat blackjack table playing 40 hands an hour.
If everyone plays a $10 hand that comes out to $2,400 of action for the hour.
House averages about 2% in blackjack so that comes out to $48 of revenue / hour.
Dealers in Virginia make $15 an hour leaving $33 for the house to cover all other expenses.

$20 limit bumps that $33 up to $81
$50 limit takes it up to $225

When you have multiple casinos in the same area (Vegas, Biloxi, Atlantic City, etc.) is when you will often see one or more of them offer lower table limits.

(In response to this post by WahooMatt05)

Posted: 11/08/2023 at 09:18AM



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Current Thread:
 
  
RVA casino, backed by Mayor Stoney, destroyed again -- jackethoo 11/08/2023 06:30AM
  Interesting. The voters don’t seem to want it. -- WahooMatt05 11/08/2023 08:22AM
  That's any casino outside a resort destination -- Fuzzy Dunlop 11/08/2023 11:45AM
  Hundred dollar minimums in….Ptown? -- WahooRQ 11/08/2023 10:32AM
  $100 minimums? That could get expensive fast. -- BocaHoo91 11/08/2023 10:14AM
  My home town. ** -- Hokieesith 11/08/2023 09:28AM
  Go Hoos** -- WahooMatt05 11/08/2023 08:50AM
  Lets do a little math -- WanderingHoo 11/08/2023 09:18AM
  True -- WahooMatt05 11/08/2023 09:24AM
  They are high-fiving at Rosie's ** -- Tuckahokie 11/08/2023 08:16AM
  His gov candidacy is DOA. ** -- 06 Hoo 11/08/2023 06:47AM

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