How’s this for a little throwback action?<\/figcaption><\/figure>\nThe response to this news has been counter-intuitive, to say the least. Responses to Downtown Grand’s Tweet include the following.<\/p>\n
“Oh, dear.”<\/p>\n
“That’s terrible.”<\/p>\n
“That’s gonna reel in some quality patrons.”<\/p>\n
“I feel for the dealers.”<\/p>\n
“Poor dealers.”<\/p>\n
That’s because $1 blackjack is a little, well, awkward.<\/p>\n
Downtown Grand has struggled to be profitable for years, and offering $1 blackjack could be perceived as a little bit desperate.<\/p>\n
The only other casino we can think of with $1 blackjack is Oyo, formerly Hooters.<\/p>\n
The economics of a $1 blackjack table are such it’s pretty much a loss leader for a casino due to labor costs.<\/p>\n
If everyone at a $1 table actually plays that amount per hand, a $1 6-to-5 blackjack table will only generate about $43,300 in an entire year.<\/p>\n
A 6-to-5 $5 minimum blackjack table generates a meager $25 per hour in revenue, or $216,000 a year. A $5 3-to-2 table earns about $86,000 a year.<\/p>\n
Now you know the answer to the question, “Why can’t I find any $5 3-to-2 blackjack tables?”<\/p>\n
The general idea is to lure players into a casino for $1 blackjack hoping they’ll spend money on other games, whether at other tables or slots or restaurants or the bar.<\/p>\n