The casino expects the player to get 60 hands per hour, so their total bets per hour equal $120. Using the same 2 percent house edge, the casino will retain about $2.40 from their play. Giving back 30-cents equals a comp value of 12.5 percent, which is pretty good. Most casinos hold the line between 10 and 15 percent. There are also six Indian casinos which are limited by law to the following maximum bet limits: blackjack-$100 (two tables in a casino may have limits up to $250), craps-$60, roulette-$50, slots/video poker-$25 and poker-$50 per bet, per round with a maximum of three rounds.

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Ever wondered how much casino dealers make? Perhaps at some point in your life, you have contemplated working at a casino but didn’t know if you could make a living from working as a table games dealer in the gambling mecca that is Vegas. If so, you’ve visited the right place. Here is what we have found out about a casino dealer’s salary.

Casino Dealers’ Salary: What You Need to Know

First off, let’s determine how the salary of gambling dealers is formed. Each casino dealer has a base salary and tips. Most of the time, the base salary isn’t that high, but this is when the tips come into action.

Although rules vary from one casino to the other vary, in general tips are cumulatively gathered from all tables. This means that each dealer doesn’t get to keep his “part” of the tips, but they are rather collected and distributed evenly across all working dealers.

This method is introduced due to the nature of the dealers’ work. Oftentimes, dealers work 60-80 minutes, and then another dealer, often referred to as a “breaker,” steps in for 20 minutes while the initial dealer is having a break.

However, carrying boxes with tips around is not beneficial for the dealers as, in the meantime, they might be losing more tips, which is one of the main reasons why all tips are collected and distributed evenly.

Another reason is that some dealers do earn more but also contribute more, while others, who may have had a bad day or are still beginners, may get fewer tips. Here are three examples of how the gambling dealer’s salary is formed:

Each dealer receives his hourly wage based on the hours worked.

Each dealer receives an equal amount of the earned combined tips by all dealers based on the time he worked.

Dealers get their base salary while retaining any individual tips given to them. However, these tips are subject to taxation and must be declared.

In other words, if a dealer earns $10 an hour and works for 80 hours for two weeks he or she will earn $800. If the tips for this period are $16 more per hour, then the dealer will earn $16 + $10 per hour, which amounts to the gross total is $2,080 (before tax) for the two weeks.

In case you were wondering, a card dealer salary is actually subject to tax, and so are their tips. But besides the tips, casino dealers’ salary oftentimes includes a year-end bonus, 401k, health care benefits. We cannot miss adding that over the holidays, dealers undoubtedly earn more as more people are off work and have the time to play.

Gambling Dealers across the U.S. and How They Are Paid

Now, let’s steer to statistic details in terms of how much do casino dealers make. According to the Occupational Employment Statistics report from May 2019, there were 98,890 people employed as gambling dealers across the U.S.

Nevada was undoubtedly the leader with more than 22,580 people employed in a position as a gambling dealer. The hourly wage for casino dealers in Nevada according to the paper was $9.01 with an annual wage of $18,750.

California comes in second-place employing 16,050 gambling dealers who earn $13.19 an hour with an annual wage of $27,430.

However, it’s in Washington, according to the statistics, gambling dealers were paid the most. May 2019 Occupational Employment and Wages statistic shows that there were 5,700 gambling dealers in Washington who earned $20.05 per hour and made $41,690 in annual wages.

While the statistics do not show the high wages one might expect, the industry keeps changing. Users online agree that a card dealers’ salary is somewhere between $20,000 and $60,000 a year.

The payable hourly wage and expected tips vary depending on the location of the venue and experience of each dealer and his or her colleagues. Every now and then you may come across a story online about a dealer in Vegas or California who made $100,000 the month before.

In general, dealers with such high income are positioned in high-stakes games and tournaments taking place in high-end venues. Such dealers do have more than a few years of experience under their belts and they have mastered their profession.

What Can a Newcomer Card Dealer Expect?

Dealing cards is not a difficult task in the physical aspect. Aside from not being able to sit down in some of the venues, the card dealers’ profession is not that difficult. However, card dealers need to be fully concentrated, quick, and must constantly communicate accurately with the players.

And while most casino operators do offer training, there are plenty of online courses. Dealers that want to improve their skills can also sign up for advanced lessons. Card dealers who participated in the World Series of Poker have shared that this was a priceless experience.

Why is it that training and proficiency are so important? The main reason is the tips. Card dealers that are giving their best at each hand and are also constantly concentrated have a higher chance of receiving a good tip. And higher and more tips means a better card dealer salary. The communication with the players is also a key factor as some players are more talkative while others prefer to have a quiet game.

Verdict

Experienced or newly recruited card dealers can make a good living. The respectable hourly wages combined with the tips, year-end bonuses, and health care plans, undoubtedly makes it a sought-after career.

The proficiency in this line of work can only bring more money to the people who are giving it their all. Similar to how tips are customary in bars and restaurants, don’t forget to tip your casino dealer too! After all, how much casino dealers do make may depend on you tipping them off generously.

Additional Sources:

If you’re entertaining dreams of owning your own casino one day, you’ll need anywhere from a few thousand dollars to a few billion.

The casino business is so lucrative that every time a new casino opens as “the most expensive casino ever built,” investors pop champagne bottles and raise a toast. It wasn’t always that way. Only a few decades ago, casino operators built on slim budgets.

Steve Wynn gambled big in the late ‘80s when he opened The Mirage in Las Vegas. Wynn and his backers invested an unheard-of $630 million in the new casino. At the time, industry analysts calculated the casino would have to turn an average daily profit of at least $1 million to meet its financial obligations.

The Mirage was supposed to pay for itself over seven years. Wynn paid off the debt in less than two years. That works out to more than $4 million profit per day.

In 2019 dollars, that isn’t so bad. If a casino has only 1,000 gaming machines, it can turn a $5 million daily profit just by retaining an average $1000 per machine.

According to a 2015 Las Vegas Sun article, about 40 million people visited Las Vegas on an annual basis at that time. That works out to nearly 110,000 visitors to Las Vegas daily. There are just over 100 casinos in Las Vegas.

In 2017, it was then reported that annual visitors had climbed to more than 42 million.

If each visitor loses only an average of $100 per day, Las Vegas is raking in $11 million in casino earnings every day. The r

How Much Money Do Casinos Make Per Day