The job of craps dealer is similar to being a waiter, where the majority of the income comes from tips provided by customers. The average yearly bonus outcome for all dealer positions in the United States is around $15,000. This means that on average, a dealer is likely to make as much or more in tips than their assured hourly rate. The only thing I can say that there is no single answer to this question: how much or how little. Because net profit of online casino for a month/six months/a year depends on many factors.
Why would you want to become a poker dealer?
There are a few reasons that poker players, in general, decide to become poker dealers. One of those reasons, the most obvious reason, is that dealing poker is very profitable – much more profitable than most people realise.
Think of it like this, it’s pretty much good practice to toss the dealer a buck every time you win a hand right? Not everyone does it, but most of us do, some toss more especially the travellers and other people that don’t play the game on a regular basis.
How much do poker dealers earn?
For right now, let’s go with that, an average of $1 per hand in tips. We won’t even take into consideration tourists and other big tipping games. Now we’ll consider another fact about dealing poker, the fact that poker dealers are expected to deal an average of 30 hands per hour minimum.
So, assuming an average of $1 tip per hand, 30 hands per hour means poker dealers are making about $30 an hour in tips plus very small paychecks they are taking from the casino.
In Oregon, for instance, at Chinook Winds Casino poker dealers are paid $8.80-$9.48 plus tips. Comparatively, Table Mountain Casino in California pays new dealers $8 plus tips. Dealers in Oregon must pass an audition at the casino as well as undergo an extensive background investigation, pass a drug test and receive a licence from the Gambling Commission.
How Much Do Casinos Profit
There are lots of openings for tournament dealers; however, cash game dealer positions are actually pretty hard to come by.
How do I become a certified poker dealer?
The most common way to become a certified poker dealer is to take a class on dealing poker. The length of poker dealing classes varies from as little as two weeks to as many eight weeks. The price of the classes varies almost as much as the length required in them.
The ease of finding a class and being able to afford that class largely depends on where you’re located. For instance, in Oregon at Chinook Winds Casino, classes are offered free during the slower months in effort to gear up for busier summer events.
Classes at Chinook Winds Casino are usually a couple of weeks long with as much follow up as is required for a new dealer to pass an audition. Caesars in Las Vegas also offers free poker dealer classes when they’re gearing up for the World Series of Poker season. These classes are three weeks long, are followed up by auditions, background checks and licensing by the Nevada Gaming Commission.
The average price to learn any new casino game seems to range from these free classes, that aren’t offered regularly, on up to about $1500 with a guaranteed job placement after you’ve graduated at the larger more expensive schools. It’s been said that the best dealer schools teach new dealers how to deal multiple games including Chinese Poker.
If you are curious what sort of things you might learn at a professional Holdem Poker dealer school check out videos on YouTube for learning to deal casino poker.
Dealing these major tournament events offers these new dealers a venue in which they can hone their skills, become ready to pass stricter auditions working in places such as Atlantic City, Las Vegas or aboard poker cruise ships.
Obtaining your State Dealers Licence
Once you’ve gotten the necessary training, and a position at a casino, you’ll need to become licenced by the state where you’re to be employed. This process generally involves proving your citizenship via the same documents employee’s use to prove their right to work legally within the United States and passing a criminal background investigation.
The background investigation usually requires that the applicant submit to fingerprinting and submit a photograph of themselves with their application. Applications then need to be renewed every 3-5 years.
Breaking into the Industry
If you’re looking to become a licenced dealer, at an actual casino, you’ll need experience dealing professionally. It’s the same catch 22 the world has dealt with when looking for employment for decades, you have to have experience to get it.
The best way to break into the field without actual live game dealing experience is during large tournament events. When casinos hold monthly, quarterly or annual large events they tend to be very short-staffed so this is a great time for a trained, yet under experienced dealer, to pick up some extra dealing time and grab some experience to put on the their C.V.
The biggest tip you can take advantage of is to learn every game you can whenever you get the chance. Whether it’s poker, or another casino game, the more games you can list on your job applications the more appealing you will be to the casinos you send your C.V. to.
Remember, as you hear about free classes like the one’s held occasionally at casinos like Caesars, that 100’s of dealers before you have paid a lot of money for these classes to get their position within the casino. You may have to pay for other classes in the future so, snap up these free opportunities whenever and wherever possible!
How Much Do Online Casinos Make
Wynn Las Vegas makes the most money out of all the casinos in Las Vegas. However, it doesn’t include just the casino. You have to consider the following: non-gaming activities that account for 67% of the $1.66 billion. This includes food and beverage, amounting to $400 million; day and nightclub operations account for $150 million; and accommodations amounting to $403.3 million. Also include entertainment revenue generating $211.5 million. As you can see, when you ask how much money a casino makes in a day, you have to take into account the entire casino’s revenue, not just the gaming. But according to the University of Las Vegas, 23 Las Vegas casinos make over $72 million each (this is as of fiscal year 2013) and this averages out to $630,000 a day, per casino. This figure is ambiguous because we know that as of today, Las Vegas Casinos are not doing as well as expected due to the presence of online casinos. Moreover, with the recent Supreme Court decision to legalize sports betting, you may see even lower stats for Las Vegas Casinos known for their sports betting as well.How Much Money Does Online Casinos Make a Month?
How To Become Casino Dealer
If we’re going to ask the question about land-based casinos, I think it is also important to ask: How much money does an online casino make per month? Frankly, I have done a bit of research into this area and found some interesting information. In 2016, Paul Wilson from Gambling Sites attempted to ascertain how much money an online casino would make in a month. His results were quite informative. Here is what he said. “These are the big 3 casino software providers: Playtech, Microgaming, and NetEnt. I’ve seen estimates that claim these 3 companies power 60% of all online casinos. All of them have one thing in common: They’re expensive. All of these providers charge $11,000 or $12,000 a month to lease their software. They also get a 15% cut of the casinos’ winnings….But that’s not the only expense. Almost all online casinos run an affiliate program in order to drive business to their site. Here’s how that works: A webmaster runs a gambling information portal or site. He signs up for a casino affiliate program. He advertises the casino in exchange for a commission on each player. This commission usually takes 1 of 2 forms: A CPA (cost per acquisition) and Revshare (revenue sharing). A CPA is a flat amount that the casino pays the affiliate for each player who signs up and makes a deposit at the casino. This amount can range from $25 to $500, depending on how much volume a site is able to send a casino. With a CPA arrangement, the casino risks paying more for the player than the player loses to the casino……A casino has an idea of what the average player is going to lose. That amount is always more than the CPA. The other arrangement is called Revshare, or revenue sharing. In this arrangement, the casino pays the affiliate a percentage of the players’ losses for the lifetime of the player. This amount varies, but it hovers around 25%. Big affiliates can demand higher Revshare percentages. So if an affiliate refers a player who deposits and loses $10,000 a month, he gets $2500 in commission each month. …..So far we have a flat fee of $12,000 a month going out the door. We’re also seeing 25% of the casino’s wins being paid out in commissions, and we have 15% royalties going to the software provider. Casinos also have to pay for customer service and hosting. Let’s assume you can operate a world class customer service department using offshore labor and spending only $5000 a month. Let’s also assume that a casino is using its own secure server. …..I’m going to call it $2500 a month. So now we have almost $20,000 a month in fixed expenses, and we have 40% of player revenue accounted for on top of that. So just to break even, an online casino needs to earn enough money so that 60% of its earnings equate to $20,000 a month. So we’re looking at a minimum casino win of at least $33,000 a month just to break even.