The total revenue for the gambling industry in the United States each year is about $40 billion. This means that if all casinos profited equally, they would make, on average, $26,666,666 annually. When divided by the 365 days in a year, the result is about $73,000 each day. This is only a mean number, however. Some casinos make much more, while. Every year, large amounts of money are exchanged through casinos. In 2005, the United States had a gross revenue of $31.85 billion from the commercial casinos and $22.62 billion from the Native American casinos. The profits in the casino industry are much higher than any other business in the country. Business & Economy Editor's Choice Featured.

Online casinos and online gambling sites are businesses. They don’t offer online casino games and sports betting for fun. As a punter you may well reap benefits from playing casino games and winning – but every time you don’t win, it’s the online casinos that win. But how much money do they make? How do they make it?

Most online casinos now offer a whole variety of online gambling services. Gone are the days when an online casino website would just offer online slots and table games – many now offer sports betting, virtual games, scratch cards, lotto, virtual games, Slingo and more. However, how much a casino makes depends on the site.

Obviously, not all casinos are as successful as others. A new casino site that offers a few games will earn a very different amount to a real money casino that offers thousands of casino games. In this article, we will be looking at how much money an online casino site might earn and how they go about making profits.

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Why an Online Casino Makes a Profit

There are some online casino games, including poker games where players take on other players. Games such as Texas Hold’em and Casino Hold’em see two or more players going head to head… they aren’t taking on the online casino, so how does the casino get money? One player always wins, right? But online casinos offer so many other types of casino games than that – and they really do make a profit. In fact, recent reports show that online casinos have almost overtaken land-based casinos and retail gambling for making money.

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It goes without saying that an online casino site can’t just keep all of the money it makes as there are a number of expenses that they have to take care of before counting profits such as employees’ wages, licensing fees (which can be very expensive), security, any fines they are charged, advertising costs, a physical building (and all the expenses attached to that) and much, much more. However, the online casinos will always do the math to make sure they walk away as the winner.

But how does this happen? How do they make a profit? After all, they can’t guarantee that a player won’t keep winning, right? Well, although different casinos have different ways of ensuring a profit, most rely on the ‘house edge’, the structure and variety of games, and bonuses to ensure profits. House advantage will overcome all else.

The Online Casino Games House Edge

No matter what game players play – the casino will always have the house edge. This means that ultimately the online casino will always win more money than it loses – and most lucrative businesses aim to make much more money than they pay out. Ultimately, every time you lose money, the gambling site will win money – and the math dictates that players will lose more than they win – and as such, online casino operators earn more than enough money to get some very nice profits.

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When you play a game such as roulette, the online casino wins the house edge. So, for example, you bet on red or black – there are the same amount of red and black numbers, so to all intents and purposes, it is a 50/50 bet – but it isn’t. The casinos are one step ahead and include the green 0. In American Roulette, there is 00 as well, which is also green. So, they pay out at 50/50 odds but at the same time it isn’t a 50/50 bet, so if the ball lands on the green, the players who bet on red and the players who bet on black both lose – which means big wins for the casino coffers.

So, basically put, the house edge is the difference between the actual odds of winning and the odds the casino pays out at. High house edge games drastically accelerate a casino’s profit margin.

Payout Percentage

This doesn’t mean that online casinos are rigged or necessarily scamming people though. They need to do this to stay afloat. Ultimately, this means that the games that would normally allow players to break even will offer slightly less. Different games have different payout percentages – the RTP – Return to Player percentage.

All online casino sites that are fair and true will publish the Return to Player rate of their casino site and the online casino games they offer. The average online casino game RTP would be around 95% to 97%. This means that most games you find in the online casino market will pay back between 95 to 97% of what you spend on the game. So, if you try out an online casino game and spend $100 of your own money on a game that has an RTP of 96.2%, then on average, you will win back $96.20. This is not an exact science, however. If you are an active participant in online gambling then you will know that one time you could spend $100 and win $10, another time you could play $100 and win $200 or more. If the game has an RTP of 96.2%, then the house edge will be 3.8% – the money the player loses is the money the casino wins.

Random Number Generators

Online casinos cannot make a player lose. The outcome of every game in the online casino industry (aside from live casino table games) is decided by the Random Number Generators. These are online gaming tools that randomly select the outcome of a game – and these ensure that every single turn is completely unrelated to the previous outcome.

Moreover, many online casinos will make sure that their Random Number Generator is tested regularly by a third party company. All new games where you deposit money online will be determined by fair,

How Much Money Does A Casino