Gamblers spend $28.5 million
According to statistics from the Louisiana State Police Gaming Enforcement Division, $28.5 million went into the roughly 274 machines in the parish. The figures are based on the 2012 fiscal year, which began in July 2011 and ended in June 2012.
While there is a lot of money going into the video poker machines, only 65 percent is coming back out as winnings. This year, $18.6 million has been paid out in the parish, which equals $68,016 per machine. Still, with each machine taking in an average of $104,136, the odds are not in the gambler’s favor.
While the total amount spent on video gaming is high, the 2012 total is $1.2 million less than was spent in 2011. However, there were 50 less video gaming machines in St. Charles in 2012 and the number of businesses offering video poker also dropped by four, from 43 to 39.
That equates to more money going into, and coming out of, each machine this year when compared to last year.
The total revenue of poker machines in the parish was $9.9 million with 27 percent of that going to the state general fund.
The total amount of taxes paid by area vendors to the state in 2012 was $2.7 million.
After the tax, each machine has an average profit of $26,158. Most businesses don’t get to keep all that total though, and must pay a percentage of the winnings to the vendors that own each video gaming machine.
Subscribe Today and Save!!!
St. Charles Herald-Guide is an award-winning newspaper that covers all aspects of St. Charles Parish - from schools and parish government news to social events, features on our local residents and sports.
Order your subscription today!
When a couple inquired about getting a same-sex marriage license on Friday, June...
A Luling family is picking up the pieces after a massive fire potentially caused by...
Clint Chiasson has an insatiable drive to be the best. Sometimes, it’s all that...
Dennis Mitchell of Luling had been buying tickets for the St. Jude Dream House...
A 30-year-old Eastern New Orleans man as been arrested and accused of murdering Des...
For nearly two years, Lamar and Ruthell Ellis have mourned the loss of their son,...
Over 25 Years of Quality Sales, Service and Repairs on YAMAHA, MERCURY, EVINRUDE and JOHNSON Motors.
Lightning strike blamed for Luling blaze - 637 views
A Luling family is picking up the pieces after a massive fire potentially caused by a lightning strike engulfed and destroyed their home Sunday night.