You may have heard the old saying that the house always wins. It is absolutely true! Casinos make a ton of money without resorting to any foul play because they have a built-in advantage. Some gamblers strike it rich as well but overall, the casino is always going to end up the winner. India now has casinos in Goa, Sikkim, and Diu. These casinos also rake in a tremendous amount of money as they have very few competitors in this market. Where does Indian casino money go? That is an interesting question.
Where does Indian casino money go?
The government takes a large chunk of the money that casinos win. This is why legalized gambling gets so much support in communities where it is well established. Not only does the government make money but the local economy gets a boost as well.
The largest chunk of the money goes into the pockets of the owners. That is understandable since they are the ones taking the risk and the ones that are putting up all the capital. They take the Lion's share!
A small part of the money goes back into the pockets of the players. These are the winners that leave the casino with more than what they came in with. Different casino games have different winning percentages. Land-based casinos cannot match online casinos in RTP percentages, though, and this is why the 10Cric casino or Betway casino will do much more business than land-based ones.
Where does Indian casino money go? A lot of the money also goes into keeping the business alive. The running costs for a casino are very high and so they are always moving money around. We think it is also fair to assume that greasing the palms of the government employees and inspectors must take a significant chunk of the money as well!