Casino Talks

Posted by: CasinoNow at November 9, 2000, 8:00 am

Topic: Chargeback article on front page... Forum: Winner Online

The average take of land based casinos is 40%? What research has been provided to back this up? I have been to many, many casinos, which usually openly publish their monthly payouts per Gaming Commission guidelines, and I have yet to see one that is holding 40% of the money. It seems to me that the over-all average is 3-5%, but this will ary greatly from game to game, and even ary somewhat within games from one month to the next, but the overall average usually stays about the same.

Anyone have any comments on this area?

Jerry Garner
CasinoNow Gaming Resource Center
http://www.casinonow.net

Quote: Originally Posted by Freddy:
You've got to be kidding me! They're claiming they pay back an average of $35,000 on $36,000 in deposits?? Lessee ... that comes to LESS THAN A 3% HOLD!?!?

Gimme a break. The hold on land based casinos is known to average around 40%. There's good reason to believe it's higher - maybe MUCH higher - in cyberspace.

This is the only way I could twist any sense into the numbers they lay out ($10,150 in the hole). The 25% bonus is accounted for up front - you can't debit that twice.

I agree that many e-casinos are probably losing money (scrambling to get market share), and that charge backs are unfair to the industry. But don't believe the 3% hold, man. BOGUS! BOGUS! BOGUS! BOGUS! BOGUS!

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