The minimum age requirements for gambling in Las Vegas, as well as the rest of Nevada, are among the strictest in the United States. Many states make a distinction between casino gambling, parimutuel betting and bingo, but the state of Nevada uniformly forbids anyone under the age of 21 from taking part in any of these activities. Las Vegas Sports Betting Guide Q: What is a rotation number? A: Rotation numbers are what’s listed to the left of a team on the board. They are unique to the team, sport and league. When going to the betting window, be sure to identify your wager using the rotation number for accuracy. Minimum Deposit Via Credit Card Credit cards are the most popular method of deposit. Minimum deposits with a credit card can range anywhere from $10-$100, but tend to fall on the lower end of this range. American and European bettors can expect to encounter $10 minimums at the most popular online sportsbooks.

[toc]There is more money wagered on football than any sport in Nevada. According to UNLV Gaming, football has outpaced every sport since 1992. It makes sense that this is the busiest time of years for sports books in Nevada casinos.

Sports books were once an amenity for customers. The rooms were created to accept wagers on sporting events from anyone. They were also designed to give gamblers a place to relax in the casino if they needed a break from the tables. That hasn’t been the case for more than a few years. Corporate casino operators look at every square inch of a casino as space that they should be monetizing. The sports book is no different.

Lagasse’s Stadium

In 2009, Lagasse’s Stadium opened at The Palazzo. This isn’t only a sports book, but also a bar and restaurant. When it first opened there was even a little casino area with blackjack, craps, and slot machines. This was the beginning of a new era of sports books.

At it’s core, Lagasse’s Stadium is technically a bar and restaurant at The Palazzo. If someone wants to watch a game, they’ll either sit at the bar, a table, or couches and be expected to purchase something.

Between the unique layout at Lagasse’s Stadium that includes a bar, restaurant, waitress service, couches, and more this sportsbook, bar, and restaurant has always been in high demand for every major sporting events. The desire to watch the games here has been so high that reservations often included a minimum required spend for guests during busy events.

The minimum for each person to spend started at $25 or $50 in the early days. It’s never been too difficult to spend that much money on food and beverage with Vegas Strip prices. Today, the minimum requirement at Lagasse’s Stadium to watch football is closer to $100. The required spend is even higher for events like the Super Bowl and March Madness.

This bar, restaurant, and sports book was once the only sports book to require a minimum spend to reserve a seat to watch the games. That’s no longer the case, whether the sports book offers a part of a restaurant of not.

Sports books today

Demand to watch live sports around the United States has never been higher. The Las Vegas sports book experience has never been better, with better viewing and more comfortable seating. Combine the two and you have huge demand to watch the biggest sporting events in Las Vegas.

Super Bowl weekend has always been the busiest weekend of the year for sports books. More people wager and watch this game than any other during the year. The first weekend March Madness has grown to the point of where the first four days of the NCAA Basketball Tournament rivals Super Bowl Sunday. Meanwhile, the NFL continues to become more popular as fantasy games become more popular.

Casino operators are always looking for a way to increase revenue. While sports books are relatively quiet approximately 85 percent of the year, they are overflowing for some of the most popular events. Casino operators took this free amenity and turned it into a revenue generator when possible in recent years.

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Charging for sports book seats

The quiet times in sports books remain slow. Accordingly, there’s no charge to watch the game, regardless of placing wagers most days of the year. However, casino operators with traditional sports books have started charging for the privilege of watching the games. The money spent could be used towards:

• A reservation fee
• Minimum amount wagered on the specific event
• Food and/or beverage
• AVIP experience

Last year, Caesars Palace started to charge for seats in their sports book for some major events. This year they expanded the seating fees for almost every football game. They even have an easy-to-use website for reserving a seat in the sports book for Saturday college football and Sunday, Monday, and Thursday night NFL games.

Reserved seat prices at Caesars Palace are listed between $50 and $100 per person. It also includes two or three drinks. Reserved VIP seats on a separate level of the sports book are $250 and higher per person. These seats include all-you-can-drink and access to the short Seven Stars line to place wagers.

During Monday and Thursday night games the majority of seats should be open to the public. The individual seat reservations are for the VIP section. These nights are single games, so they don’t have as much demand as the full days of games on the weekend.

Caesars Palace isn’t alone charging to watch football in their traditional sports book. Many other sports books have a fee for reserved VIP seating that only occupies a portion of the sports book. Some VIP seating is reserved for high rollers, so check with your host.

There are still plenty of general admission seats available in most casinos. Caesars Palace is taking a different approach, and appears to be trying to sell every seat in advance of the games if possible.

Pay per seat isn’t going away

Paying to reserve seats, VIP or otherwise isn’t going away anytime soon. Charging for the best seat in the sports book is an easy way to generate more revenue for a casino operator. This isn’t a huge money maker for casino corporations, but every little bit helps.

If there’s a way to generate more revenue in a casino, the bean counters will find it. In addition to the reservation fees, you may notice more restaurants and bars tied in with the sports book. Even if there’s no charge for a seat, the connected sports restaurant and bar could generate greater sales on drinks and burgers.

Welcome to New Vegas, where there’s a fee for anything that customers demand.

If you are a fan of sports betting you will LOVE Las Vegas. Being the only state in the union that allows legal betting on all of the major individual sports leagues and events, Las Vegas draws thousands of sports bettors year round. Almost all Las Vegas casinos feature a sportsbook and a number of big screen TVs which creates a great sports betting environment.

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Although sports betting has one of the lower win percentages for casinos, it still draws millions in revenue for Vegas casinos year round. The most popular sports betting event in Las Vegas is by far the Super Bowl, which draws thousands of sports bettors each February to bet on the big game. Not far behind the Super Bowl is the March Madness college basketball tournament which also draws some big numbers to Vegas to bet on the event.

With the popularity of online sportsbooks increasing there is no doubt that the Las Vegas sportsbooks are losing a little bit of business, but they are always going to bring in some great numbers for casinos. I do my sports betting online daily of course, but I love making a trip down to Vegas to bet on some sports and have some fun, and I know a lot of sports bettors are the same.

Las Vegas Sports Betting Revenue

Below are the numbers that Las Vegas casinos made in revenue from sports betting in 2009:

Overall

Total Amount Bet – $2.4 Billion
Total Casino Win (revenue) – $136.3 Million
Win Percentage (percent of money played that casino kept) – 5.31%

Football

Total Amount Bet – $1.0 Billion
Total Casino Win – $48.6 Million
Win Percentage – 4.45%

Basketball

Total Amount Bet – $802.5 Million
Total Casino Win – $38.2 Million
Win Percentage – 4.76%

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Baseball

Total Amount Bet – $488.5 Million
Total Casino Win – $21.4 Million
Win Percentage – 4.38%

Parlay Cards

Total Amount Bet – $58.9 Million
Total Casino Win – $19.2 Million
Win Percentage – 32.57%

Other

Total Amount Bet – $126.0 Million
Total Casino Win – $8.8 Million
Win Percentage – 6.98%

Sportsbooks are huge for Vegas casinos, bringing in $136.3 Million in 2009. The only games which brought in more money were 3 card poker, roulette, craps, baccarat, blackjack, and slot machines. It seems as bettors do well with sports betting as the casino only has a 5.31% win percentage, compared to 11.31% for blackjack, and 12.04% for all table games.

Some Other Revenue Numbers:

From 1984 to 2011 Nevada has done pretty well for themselves…

• Total amount bet on sports in Nevada since 1984: $57,274,051,000 ($57.3 billion)
• Total amount won by Nevada sports books since 1984: $2,613,725,000 ($2.6 billion)

Since 1992 baseball betting has been the most profitable for bettors…

• Average win percentage on football since 1992: 4.53%
• Average win percentage on basketball since 1992: 4.69%
• Average win percentage on baseball since 1992: 3.01%
• Average win percentage on parlays since 1992: 29.71%
• Average win percentage on “other” since 1992: 5.48%

Las Vegas rarely has a losing month when it comes to football, but it does happen. Here is a list of some losing regular season football months for Nevada sports books:

• November 2012: -$5.29 million
• October 2012: -$6.23 million
• November 2010: -$2.48 million
• December 2005: -$3.31 million
• November 2005: -$11.28 million

How To Read Las Vegas Odds Boards

Las Vegas Sports

Las Vegas Sportsbooks

• Aria
• Arizona Charlie’s Decatur
• Arizona Charlie’s Boulder
• Bally’s
• Barley’s
• Bellagio
• Bill’s Gamblin’ Hall and Saloon
• Boulder Station
• Buffalo Bill’s
• Caesars Palace
• California
• Casino MonteLago
• Circus Circus
• Ellis Island
• Excalibur
• Fiesta Rancho
• Fiesta Henderson
• Fitzgeralds
• Flamingo
• Fremont
• Gold Coast
• Golden Gate
• Golden Nugget
• Green Valley Ranch
• Hard Rock Hotel Casino
• Harrah’s
• Las Vegas Hilton
• Hooters
• Imperial Palace
• Luxor
• M Resort
• Mandalay Bay
• MGM Grand
• Mirage
• Monte Carlo
• New York-New York
• Orleans
• Palace Station
• Palazzo
• Palms
• Paris
• Planet Hollywood
• Plaza
• Primm Valley
• Railroad Pass
• Red Rock Resort
• The Rampart Casino
• Rio
• Riviera
• Sahara
• Sam’s Town
• Santa Fe Station
• Silverton
• Skyline
• South Point
• Stratosphere
• Suncoast
• Sunset Station
• Texas Station
• Treasure Island
• Tropicana
• Venetian
• Wild Wild West
• Wynn

Best Bet In Vegas

Resources:
David G. Schwartz. Nevada Sports Betting Totals: 1984-2011. Las Vegas: Center for Gaming
Research, University Libraries, University of Nevada Las Vegas, 2012.