Hotel Revenue Breakdown (By percentage)
Other: 14.71% (shows, spas, etc.)
Hotel revenue has been skewing away from gaming for about 20 years so it's no surprise to see it getting closer to being the same revenue as other sources. In 2007, gaming was good for over 40% of overall casino revenue. With The Linq and all of the other shopping being added to the Vegas Strip, this trend should continue. So, where has the revenue gone since itís not in the casino? Itís mostly going to Food and Beverage. Yup, $3-$4 for a soda, $5 for a slice of pizza and $65 for a steak all add up. This guy is a gambler, so letís look at how gaming revenue breaks down:
Gaming Revenue Breakdown (By Percentage)
Pit (a.k.a. table games): 48.52%
Slots (and video poker): 48.31%
Sports Book: 0.87%
Horse Book: 0.43%
Table games are generating almost the same amount of money as they were in 2007 thanks to a larger house advantage for the casinos in games like blackjack (less 3:2, more 6:5) and the growing popularity of games with a large house advantage like 3 Card Poker. Itís no surprise to see all other casino games show decreasing revenue over the years, but horse and sports betting stand out with huge drops. Horse racing brings in less than half the revenue it did in 2007 while sports betting brings in 45% less revenue.
Another really interesting piece of data in the reports is that almost 20% of all hotel rooms on the Vegas Strip are compíd.
These reports are great for Vegas dorks (like me). The data is useful for understanding why casinos operate a certain way. If you like playing with numbers, you can read the complete reports yourself: