2011: Gamblers lose $10 million to machines
$29.7 million spent on video gaming in St. Charles
The figures are based on the 2011 fiscal year, which began in July 2010 and ended in June 2011. The total amount spent on video gaming in 2011 is $20,399 higher than last year.
While there is a lot of money going into the video poker machines, only 65 percent is coming back out as winnings.
This year, $19.3 million has been paid out in the parish, which equals $59,471 per machine. Still, with each machine taking in an average of $91,720, the odds are not in the residents’ favor.
The number of businesses offering video gaming machines has changed each quarter, but averages around 43. The revenue of the 324 machines at those various businesses is $10.4 million, but each business must pay a 27 percent tax to the state on those winnings.
The total amount of taxes paid by area vendors to the state was $2.8 million.
After the tax, each machine has an average profit of $23,390. 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.
When the evolution curriculum pilot study begins in January, Hahnville High School...
St. Charles Parish Council President Wendy Benedetto is on her way to getting what...
At Brook Kornegay's house in Luling, watching vivacious kittens pouncing and...
Destrehan attempts to avenge its 2015 jamboree loss to Lutcher Friday night as the...
Bent's RV is a Full Service RV Dealership in Louisiana.
Ambulance triggers multi-vehicle wreck that kills LaPlace woman - 4152 views
A Luling man was driving a St. Charles Parish Hospital ambulance Monday on an emergency call when the vehicle apparently drifted onto the left lane of Airline Highway and triggered a multi-vehicle accident involving a fatality.