Is Las Vegas Killing Blackjack?
Nevada casinos have had a tough year as a result of the financial crisis that hit the US, but the economy is not the only factor at play. It seems that many of the state’s casinos have also been shooting themselves in the foot by trying too hard to increase their profits.
The culprit is blackjack, which generates more revenue for Vegas casinos than any other table game. Blackjack revenue, however, was down last year by quite a large margin. 2009 saw a 20% dip in the total amount of money won by Vegas casinos at the blackjack tables, marking the biggest drop in a decreasing trend that has been going on for many years.
Many casinos have tried to reverse the trend by paying less, reducing the payout for Blackjack from 3:2 down to 6:5. At the same time, however, they are upping table minimums, driving away casual players. High rollers are moving on to other games as well, as payouts decrease and rules tighten. One Vegas casino floor supervisor comments, “In a sense, the casino’s desire to squeeze more money out of the blackjack tables has actually backfired, with the result having an opposite effect”.
While land casinos are slowly seeing baccarat take over as the king of the table games, blackjack is holding steady on the internet. Online casinos see so much traffic that they can easily afford to keep payouts high, while at the same time maintain ultra-low table minimums. While $1 or even $5 tables are almost unheard of in Vegas, they are commonplace on the internet.
Sites like Wild Jack Casino offer more than 40 different styles of online blackjack, along with outstanding tournaments including Free Rolls, Scheduled events, or even Sit-n-Go tournaments. Low-cost events are a common sight at Wild Jack, like their $2 Sit-n-Go Turbos or their $2 Scheduled Tournaments. For low-cost blackjack fun, Sign up with Wild Jack Casino today.
2 Comments
It’s got to be the online casinos doing the damage! I don’t know how land based casinos can even afford to keep their doors open when competing against web based casinos.
Speaking of blackjack, i’s always been my favourite game. Ever since I was a kid and my old grandpa told me about LITERALLY winning his house in a game of blackjack, I’ve held romantic notions of the game 😀
It’s got to be the online casinos doing the damage! I don’t know how land based casinos can even afford to keep their doors open when competing against web based casinos.
Speaking of blackjack, i’s always been my favourite game. Ever since I was a kid and my old grandpa told me about LITERALLY winning his house in a game of blackjack, I’ve held romantic notions of the game 😀