1. Welcome to VegasMessageBoard
    It appears you are visiting our community as a guest.
    In order to view full-size images, participate in discussions, vote in polls, etc, you will need to Log in or Register.

Seminole HardRock Tampa gives away $240 Million in 2 months?

Discussion in 'Non-Vegas Casino Hotels' started by GeorgeJ., Apr 15, 2021.

  1. GeorgeJ.

    GeorgeJ. VIP Whale

    Joined:
    Feb 22, 2011
    Messages:
    1,082
    Trips to Las Vegas:
    40
    I drove past a billboard yesterday for the Hard Rock Tampa on I-4 East a couple miles West of the casino...

    It said that in January-February 2021 they had given away $240,000,000 in jackpots!

    Somebody put 3 too many zeros in that? Or did they have a $240,000,000 Pai Gow Jackpot that they gave away?

    I found the billboard hilarious anyway. I think that if you added up all the jackpots given away by all Las Vegas casinos in all of 2020 it would come nowhere close to $240 million!!
     
  2. MCann

    MCann VIP Whale

    Joined:
    Apr 21, 2019
    Messages:
    4,535
    Location:
    Tallahassee, FL
    Trips to Las Vegas:
    9
    That number doesnt sound off honestly. Tampa Hard Rock is larger than any casino in Vegas and posts revenue about $1B per year, and considering the holds are only a small percentage of the action, the total payouts would need to be in the multiple billions per year, so the math works out on that number being perfectly reasonable and expected. A quick look at Nevada gaming control board repprts reveals win payouts of a little under $700,000,000 in January 2021 alone, just in Clark County. There is wiggle room probably in the definition of "jackpots" with a relatively unregulated Tampa casino, but no, they didnt add three zeroes to the real number.
     
    Suck it, Caesar!
    #SuckItCZR #JustSayNo
  3. SprintGravy

    SprintGravy Low-Roller

    Joined:
    Feb 23, 2021
    Messages:
    424
    Location:
    Dallas, TX
    Trips to Las Vegas:
    25
    $240,000,000 divided by $1200 handpays divided by 4500 slot machines divided by 59 days in January and February equals 0.75 hand pays per day per machine.

    Seems about right to be honest.
     
    Vegas Trip 2021 - Iowa State Football - First Vacation since Feb 2020
    • Agree Agree x 3
  4. greekjim

    greekjim VIP Whale

    Joined:
    Aug 30, 2011
    Messages:
    1,568
    Location:
    Somers WI
    Trips to Las Vegas:
    7
    Got a hard rock coming to the exciting city of Gary Indiana soon!
     
    • Like Like x 1
  5. thegov2k2

    thegov2k2 VIP Whale

    Joined:
    Sep 27, 2017
    Messages:
    1,298
    Location:
    Cherry Hill, NJ
    Trips to Las Vegas:
    5
    That doesn't figure in any table jackpots either.
     
  6. smerrian

    smerrian View from Bally's

    Joined:
    Apr 22, 2014
    Messages:
    6,316
    Location:
    South Jersey
    Trips to Las Vegas:
    50
    Never defined what a 'jackpot' is. It doesn't mean it has to be a hand pay. It could be anything.
     
    6 HOTELS...SIX !!!
    How could I say no?
  7. SprintGravy

    SprintGravy Low-Roller

    Joined:
    Feb 23, 2021
    Messages:
    424
    Location:
    Dallas, TX
    Trips to Las Vegas:
    25
    I know but I was just trying to figure out an easy thing the casino could track in terms of “jackpots” and see if the number made sense. Lots of people on here consider a handpay a jackpot even if it’s not a labeled jackpot in the game itself.
     
    Vegas Trip 2021 - Iowa State Football - First Vacation since Feb 2020
  8. smerrian

    smerrian View from Bally's

    Joined:
    Apr 22, 2014
    Messages:
    6,316
    Location:
    South Jersey
    Trips to Las Vegas:
    50
    Yes, but for advertising purposes, they can mean anything by ‘jackpot’. It could be every payout they make.
     
    6 HOTELS...SIX !!!
    How could I say no?
    • Agree Agree x 3
  9. GeorgeJ.

    GeorgeJ. VIP Whale

    Joined:
    Feb 22, 2011
    Messages:
    1,082
    Trips to Las Vegas:
    40
    As far as I can recall, I've only seen one handpay in my life (and it wasn't me). 0.75 hand pays per machine seems really high to me. I expect that you'd be lucky to see one handpay per week on a machine..
     
  10. GeorgeJ.

    GeorgeJ. VIP Whale

    Joined:
    Feb 22, 2011
    Messages:
    1,082
    Trips to Las Vegas:
    40
    If Hard Rock Tampa takes in 1B per year and they give out $120Million per month in jackpots alone, then they are losing their ass as they would be handing out $1 Billion 440 Million per year...and that's just on jackpots..add in the smaller wins going on all day and $2 Billion might easily be going out in a year...
    The $240,000,000 in two months still sounds ridiculously high to me. Maybe in a year, but not two months...
     
  11. Jer

    Jer I kinda did a thing...

    Joined:
    Jan 20, 2002
    Messages:
    6,282
    Location:
    Southern California
    Trips to Las Vegas:
    999
    Damn, @Courtney must REALLY be holding out on us with her win numbers! :thumbsup:
     
    • Funny Funny x 4
  12. KnowItAll

    KnowItAll VIP Whale

    Joined:
    Apr 19, 2008
    Messages:
    2,413
    Location:
    Atlanta
    Trips to Las Vegas:
    52
    All depends what machine you play. I have gotten 3 handpays on a single machine in a matter of an hour or two. Certainly a machine with someone playing 60 cents a spin all day will likely never get a handpay, yet the person who randomly throws a Benjamin in a high limit slot sees them more frequently. On a Saturday night in the high limit room in Cherokee NC there are at least 10 slot attendants and for a few hours they dont stop running back and forth to the cage for bundles of cash.
     
    4th of July Fireworks in Vegas
  13. MCann

    MCann VIP Whale

    Joined:
    Apr 21, 2019
    Messages:
    4,535
    Location:
    Tallahassee, FL
    Trips to Las Vegas:
    9
    Revenue is not their total action. With casinos, revenue has a bit different definition than with retail. Casino rvenue is generally defined as the difference between money bet and money paid out. But the 1B also includes hotel and entertainment revenue and I cant find the breakdown. But to reach even half a billion in casino revenue, it could be expected they would pay out 3 to 5 billion total per year. 240M in 2 months puts them on pace for only about 1.5B in payouts, but they're still dealing with occupancy and travel restrictions so again, it sounds perfectly legit.
     
    Suck it, Caesar!
    #SuckItCZR #JustSayNo
  14. Courtney

    Courtney Resident polygamist

    Joined:
    Dec 23, 2005
    Messages:
    514
    Location:
    Tampa Bay, FL
    Trips to Las Vegas:
    22
    I think it’s right. I have had three hand pays there in two weeks, so they do pay. There is also a drawing tonight for anyone that had one or more hand pay in March- there’s over 5,000 entries.
    It’s a HUGE place.
     
    20th Annual Bleach and Botox tour- hopefully.
  15. Courtney

    Courtney Resident polygamist

    Joined:
    Dec 23, 2005
    Messages:
    514
    Location:
    Tampa Bay, FL
    Trips to Las Vegas:
    22

    Haha. I WISH.
     
    20th Annual Bleach and Botox tour- hopefully.