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Interesting Facts - Gambling

In the 1970's, the typical age range of people who Gamble was 30-55. Today, it is age 17-70. Gambling among young people is on the increase: 42 percent of 14-year-olds, 49 percent of 15-year-olds, 63 percent of 16-year-olds, 76 percent of 18-year-olds.

The Italian word "baccarat" means "zero" in English. Since the French "baccarat" means the same, even today there are many debates pertaining to the origin of the game and each country wants to claim it as theirs.

Bingo is still alive and well and played by all ages. Bingo may not be the fastest way to generate a win, but the jackpots are large and the cost to play is still low. Daily Jackpots are usually around $2500 but there are some places in Las Vegas that have Jackpots of $20,000.

Origins of Keno Keno is the oldest gambling game. While there is no written history of the exact origin of the game there are written records that date the game back to the Han Dynasty between 205 and 187 B.C. The records say that the game was introduced by Cheung leung as a means of raising money for the armies.

Two-thirds of the adult population placed some kind of bet last year. "Players" with household incomes under $10,000 bet nearly three times as much on lotteries as those with incomes over $50,000. Is There Such A Thing As A Safe Bet? All gambling or betting has an element of risk. Lessen the chance by:
  • limiting the amount of money you bet
  • limiting the amount of time you spend betting
  • continuing with other social opportunities
  • not spending your winnings on gambling
Combinatorial mathematics tells us that a 52-card deck generates 2,598,960 unique five-card hands, of which 1,098,240 hands can make up any one pair. The probability of a single pair materializing is 42.26 percent.

In 1950, at the Las Vegas Desert Inn, a sailor had made twenty-seven straight passes (wins) with the dice at craps. The odds against such a feat are 12,467,890 to 1. If he would have bet the house limit on each roll he would have earned $268 million! But, he was way to timid with his wagers and he walked away from the table with only $750. The dice today are enshrined in the hotel on a velvet pillow under glass.

Las Vegas
The famous (Welcome to Las Vegas) sign was created by Betty Willis in May 1959. Las Vegas has always boasted legendary betting venues for much of the last century. Stories, legends, films and fantasies have been built and lost in of Las Vegas. Las Vegas means “the meadows” in Spanish. The city of Vegas is more than 100 years old! Las Vegas celebrated its 100th birthday on May 15, 2005. More than 1.4 million people call Las Vegas home. Anywhere around 60,000 - 80,000 people move to Las Vegas every year. The average annual temperature is 66 degrees and the average daily humidity is 30%. The first casino was licensed in 1931. The average number of pillowcases washed daily at MGM Grand is 15,000. You can get a Nevada marriage license for $60 and you can file for divorce for $450. Elvis Presley performed 837 consecutive sold out shows in Vegas. The state of Nevada charges no personal income tax or corporate income tax. Contrary to popular belief, prostitution is NOT legal in Vegas.

Las Vegas Tourist Statistics Comparisons
  2016 2013 2003
Visitor Volume: 43 Million 37 Million 36 Million
Visitor Spending: $36 Billion $62 Billion $31 Billion
Rooms Total: 149,339 150,436 124,270
Total Room Occupancy: 89.1% 84.4% 89.1%
Occupancy Rate Hotel: 90.8% 88.1% 92.5%
Occupancy Rate Motel: 73.0% 60.7% 71.9%
Average Room Rate: $125.96 $111.32 $74.30
Room Nights Occupied: 48,485,632 42,766,497 34,463,687
Convention Attendance: 6,310,616 4,961,998 3,853,363
Conventions Held: 21,864 20,880 4,149
Airline Passengers: 47,435,640 38,550,024 36,865,866
* Gross Gaming Revenue: $17,441,552,000 $8,753,156,000 $7,673,489,000
* Gross Gaming Revenue Total for: Clark County, Las Vegas Strip, Downtown and Boulder Strip

Trip Expenditures per Visit
  • Food / Drink: $274.69 (2013) - $187.32 (2003) (The Circus Circus buffet cattle-feeds more than 12,000 customers per day-that's four million per year).
  • Shopping: $129.34 (2013) - $94.00 (2003)
  • Room: $111.32 (2013) - $74.30 (2003)
  • Shows: $47.52 (2013) - $38.39 (2003)
  • Sightseeing: $10.24 (2013) - $9.16 (2003)
  • Average Stay: 3.7 nights/4.7 days (2013) - 3.5 nights/4.5 days (2003)

    Nights Stayed
  • One: 7% (2013) - 11% (2003)
  • Two: 28% (2013) - 26% (2003)
  • Three: 25% (2013) - 23% (2003)
  • Four: 19% (2013) - 20% (2003)
  • Five or more: 18% (2013) - 20% (2003)
  • Average Stay: 3.3 Days (2013) - 3.7 Days (2003)

    Location of Lodging
  • Strip: 77% (2013) - 73% (2003)
  • Downtown: 6% (2013) - 14% (2003)
  • Boulder Hwy: 3% (2013) - 10% (2003)
  • Other: 2% (2013) - 3% (2003)

    Transportation to Las Vegas
  • Air: 44% (2013) - 46% (2003) (850 flights a day bring in more than 2.5 million visitors a month. MaCarren airport is the 8th busiest in the world).
  • Automobile: 56% (2013) - 43% (2003)
  • Bus: 15% (2013) - 8% (2003)

  • Gaming Budget per Trip: $485.00 (2013) - $665.23 (2003)
  • Percent visitors gambled: 77% (2013) - 85% (2003)
  • Average # Hours per day: 2.9% (2013) - 4 (2003)
    (America's gambling habit has grown from approximately $80 billion a year in 1986 to $500 billion in 1995).

  • First Time Visitor: 16% (2013) - 21% (2003)
  • Repeat Visitor: 84% (2013) - 79% (2003)
  • Number Visits past year: 1.6 (2013) - 2 (2003)
  • Visitors with Children: 11% (2013) - 10% (2003)

    It doesn't t matter how you pick your numbers. Your odds of winning are always the same. The selection of the winning numbers is purely by chance. Each number will always have the same chance of being selected meaning there is no system for picking lottery numbers. It's all by chance and luck.

    Online Gambling
    The popularity of online Gambling is increasing rapidly with this year having seen significant growth in Europe and in Asia. It is estimated that online Casino revenue will increase between $6-$10 Billion Dollars in the next 12 months and reach a staggering $20 Billion by 2005.

    The latest record was set on July 18th, when Jim L. won an amazing $1,683,524.64 cash jackpot at a popular Online Casino. Jim has become the third winner of over a million and a half dollars cash on the Major Millions slot in a little over a year.

    From Topline Findings: The Topline Findings shown below are examples from an earlier study conducted in January 2007 which was based, as are all our surveys, on a representative sample of over 13,000 regular poker players playing at least once a month across the U.S., Canada and Western Europe.

    • 40 million people play poker regularly (6.8% of the adult population)
    • 23 million of these regular players are in the U.S. (10.1% of the U.S. adult pop.)
    • 15 million in total play online for real money (2.6% of the adult pop.)
    • 7 million play online for real money at least once a month (1.4%)
    • 5 million play for real money at least once a month in “Home Games” (1.1%)
    • 2 million play for real money at least once a month in “Private Clubs” (0.4%)
    • 10 million have played in a casino in the last year (1.6%)
    • Of the 15 million online money players, 76% are male
    • Of the 15 million online money players, 58% are under 35 years of age
    Approximately 5% of people who Gamble will become problem Gamblers (addicts). The addicted Gambler is a person who spends money irresponsibly which impacts on themselves and the people around them.

    There are six types of Gamblers:
    1. Professional - Gambling is the primary source of their income, in other words makes a living of off Gambling.
    2. Casual Social Gambler - Gambling is one of many forms of entertainment for this type of person and will Gamble infrequently.
    3. Serious Social Gambler - Gambles as a major source of entertainment for this type of person which will play regularly at one or more types of Gambling and will do so with great intensity and passion.
    4. Relief/Escape Gambler - Major activity in a person's life of equal importance with family and business but the rest of life goes on without integrity being seriously impaired, much much more than just a pastime.
    5. Compulsive Gambler - Gambling is the only thing in life and frequently ignores family and work, and often turns to crime to support their habit.
    6. Antisocial Personality - Life career is getting money by illegal means, for example; these people will Gamble and try to "rig" or cheat at Gambling games.
    Some warning signs of Gambling problems:
    • Progressively increasing interest and preoccupation with Gambling.
    • Use of Gambling as a way to escape problems or relieve depression.
    • Inability to stop playing regardless of winning or losing despite constant vows to quit or abstain.
    • Restlessness or irritability when attempting to cut down or stop Gambling.
    • Lying to everyone to hide the amount of Gambling.
    • Relying on others for money to relieve a financial problem that arose due to Gambling.
    • Losing or jeopardizing an important relationship due to Gambling.
    • Believe that when winning, it will not stop, then keep playing.
    • Gambling the next day to win back the money lost Gambling.
    Slot Machines
    All casino slot machines are not created equal. They may look identical on the outside, but they are totally different machines on the inside. Just recently, an unidentified woman from the Las Vegas area, who was a casino regular for 23 years hit a record $27.6 million slot jackpot. She had spent $300 gambling at the Palace Station Hotel and Casino in November 1998, before she cashed in on the $27,582,539.48 jackpot. She was to be paid $1.1 million over 25 years. The previous record had been $14 million for a Super Megabucks progressive slot machine.

    The largest "legal" wager ever made was an 8 to 1 money line bet (the outcome of a game without points), that San Francisco would beat San Diego in the Superbowl XXIX. An unidentified gambler wagered $2.4 million at the Mirage in Las Vegas. The 49ers won and the person had a payout of $300,000.

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