Q:
I’ve always wanted to own a casino. I know a little of the history of gambling in Nevada, so I’m aware that owning a casino isn’t a license to print money; many casinos have gone broke, bankrupting the owners, through the years. Still, humor me for an off-the-wall question! Say I opened a casino in my house. After accounting for restroom, restaurant, kitchen, and back-of-the-house space, I’d have 1,000 square feet remaining for the casino. Based on industry averages, how much money could I expect to earn annually?
A:
This is the rare QoD where the question is longer than the answer, which is: According to the American Gaming Association, the industry-average earnings per square foot per year of a U.S. casino is $2,000. Thus, on average, your 1,000-square-foot casino would earn two million dollars (gross) per year.
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