What Is a Casino?
A casino is an establishment where patrons pay to play games of chance. The games have mathematically determined odds that give the house an edge over the players, so it is impossible for a gambler to win every time. The house earns its profits through a combination of rake and slot machine percentage payouts. Some casinos also offer complimentary items, such as free hotel rooms and show tickets to high rollers. A casino is a popular place to visit for tourists and locals alike.
A modern casino is often built as part of a resort or hotel complex and may include themed restaurants, shopping areas and a large gambling area with table games and slots. Guests are encouraged to spend as much money as possible while they are there, and the glitzy displays and music help draw in crowds. Casinos are a major source of income for many cities and states.
While flashy displays, lighted fountains and musical shows provide the glamour, casinos would not exist without their main attraction: games of chance. Slot machines, blackjack, roulette, craps and baccarat bring in billions of dollars in profits each year for the owners of these gaming halls.
Unlike the other forms of gambling, which are illegal in most states, casinos are licensed and regulated by state governments. In addition to overseeing game rules, the gaming commission of each state also regulates casino security. Because the casino industry involves large amounts of money and because patrons and employees are prone to cheating, in collusion or on their own, casinos employ a variety of security measures. Most casinos have video surveillance cameras throughout the facility.
In the past, mobsters controlled many of the casinos in Nevada and other states. They supplied the funds and had a say in how the businesses were run, but because of federal laws against organized crime and the danger of losing their casino licenses if even a trace of mob influence was discovered, legitimate businessmen were reluctant to get involved in the business. The mobsters resorted to more creative ways to get their money from the casinos.
The majority of people who gamble in casinos are middle-class to upper-middle class adults with a good deal of discretionary income. In 2005, according to Harrah’s Entertainment, the average casino gambler was a forty-six-year-old female from a household with an above-average income. They played slot machines and table games for an average of five hours per day. Those who spent more than eight hours at the tables were offered “comps,” or complimentary items, such as free hotel rooms, meals and show tickets. In most casinos, the amount of comped items is based on the amount of money the gambler spends at the casino. In some cases, the amount of money spent by a player is also used to determine their playing level. The higher the level, the more expensive the comps.