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These would still technically be called casinos. Poker chips of President Harry S. Photo courtesy of The National Archives. A truly enormous amount of money changes hands at casinos every year. While there are certainly big winners at the gaming tables every now and then, the only sure winner in a casino is the owner. In 2005, commercial casinos in the United States had gross revenues of 31.85 billion. Add to that the revenue of Native American casinos, which brought in 22.62 billion in 2005, and it's' safe to say that casino industry profits have been steadily increasing for more than a decade Source: American Gaming. Casinos make money because every game they offer has a built in statistical advantage for the casino. That edge can be very small lower than two percent, but over time and the millions of bets placed by casino patrons, that edge earns the casino enough money to build elaborate hotels, fountains, giant pyramids, towers and replicas of famous landmarks. The casino advantage is known as the vig" short for vigorish or the rake, depending on the game.
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