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Question of the Week Archive (10+ years)

MC SLOT PROFITABILITY

I think that MC has approximately $85 million of gross profit per year from slot machines.
By gross profit I mean $bet on slots minus $returned to customers.The only thing I know for
sure is that the state taxes about 35% of this gross profit.What I don't know is what are all
the other expenses like cost of the machines,employees,overhead,etc?Since most of these Dade County
entities are either LLC'S Or private companies I have been unable to determine how much money
they really make as bottom line profit.So,somebody please give me your estimate of how much MC
makes for a year in bottom line profit from their $85 million in gross profit-they pay the state
about $30 million but that leaves $50 million.How much of the $50 million is pure profit?Thanks.

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