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nolaTiger24 
New Orleans Saints Fan
Old Metairie
Member since Sep 2008
972 posts
 Online
| Video Poker Machines (Posted on 3/7/13 at 6:18 pm)
How much on average does a video poker machine bring in total sales to a restaurant or bar?
I know a very generalized question, but trying to get an estimate of total money collected before pay outs and before the state takes their 27%
Father in law is in the process of opening a bar in the New Orleans area and he wants me to help him in the process. I plan on contacting the gaming companies in the next week.
Thanks!
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LSURussian 
LSU Fan
Baton Rouge
Member since Feb 2005
63208 posts
Online
| re: Video Poker Machines (Posted on 3/7/13 at 6:39 pm to nolaTiger24)
Will his machines take bitcoins?
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nolaTiger24
New Orleans Saints Fan
Old Metairie
Member since Sep 2008
972 posts
Online
| re: Video Poker Machines (Posted on 3/7/13 at 7:04 pm to LSURussian)
I have no idea what that is 
I guess I have some reading to do this weekend.
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notiger1997
Member since May 2009
17084 posts
Online
| re: Video Poker Machines (Posted on 3/7/13 at 7:30 pm to nolaTiger24)
I have no idea, but it must be a damn good situation for most bars. I have friends that have purchased bars and small restaurants recently and I have heard on several instances that the video poker machines easily pay the bills. If they happen to be lucky enough to be making money on the other parts of the business, they just count themselves as lucky.
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skidry
LSU Fan
Member since Jul 2009
399 posts
| re: Video Poker Machines (Posted on 3/7/13 at 9:53 pm to nolaTiger24)
I know of 50 machines at a truck stop and they take in about $75k a week. So $1500 each.
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lighter345
LSU Fan
Member since Jan 2009
8398 posts
| re: Video Poker Machines (Posted on 3/7/13 at 10:49 pm to nolaTiger24)
(no message)
This post was edited on 3/8 at 12:27 pm
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nolaTiger24
New Orleans Saints Fan
Old Metairie
Member since Sep 2008
972 posts
Online
| re: Video Poker Machines (Posted on 3/7/13 at 10:58 pm to skidry)
quote:
$1500 each
So that would be:
26% state tax = $390
Gains = $1,110
Based on a 60/40 split before payouts
60% for establishment owner = $666
40% for machine owner = $444
They are killing it with 50 machines!
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skidry
LSU Fan
Member since Jul 2009
399 posts
| re: Video Poker Machines (Posted on 3/8/13 at 6:46 am to nolaTiger24)
After pay outs it's about $475. Do your numbers from there.
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HeadyMurphey
LSU Fan
LP
Member since Jan 2008
14342 posts
| re: Video Poker Machines (Posted on 3/8/13 at 7:22 am to nolaTiger24)
This is a long time ago, but back in 95, I worked for a pizza place that had 3 of them. Each machine made the company $1500/week.
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VABuckeye 
Ohio State Fan
Oak Hill, VA
Member since Dec 2007
8138 posts
Online
| re: Video Poker Machines (Posted on 3/8/13 at 8:03 am to HeadyMurphey)
quote:
Each machine made the company $1500/week.
Did it? Or did they pull $1500 gross out of each machine a week? Big difference.
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GFunk
LSU Fan
Denham Springs
Member since Feb 2011
7643 posts
| re: Video Poker Machines (Posted on 3/8/13 at 10:28 am to VABuckeye)
What about those amusement monitors in bars where people can play word games or "pick out the mistakes" in a picture within a certain time frame?
Lots of places that don't have video poker put those in. Do they make any moolah?
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JohnnyKilroy 
North Carolina Fan
Member since Oct 2012
5136 posts
| re: Video Poker Machines (Posted on 3/8/13 at 11:49 am to GFunk)
I know for a fact that the French Quarter Daiquiri across the river make most of its money off the video poker machines.
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TOPAL
LSU Fan
Member since Mar 2010
644 posts
| re: Video Poker Machines (Posted on 3/8/13 at 12:32 pm to JohnnyKilroy)
I believe it maybe a 33.3% split. State, establishment,and machine owners/rental.
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Boudinit
LSU Fan
Member since Mar 2004
164 posts
| re: Video Poker Machines (Posted on 3/8/13 at 12:46 pm to TOPAL)
How do you go about purchasing a video poker machine? Are there certain requirements? 33% sounds like a nice split to have when somebody else deals with the establishment
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threeputt 
Notre Dame Fan
God's Country
Member since Sep 2008
19018 posts
Online
| re: Video Poker Machines (Posted on 3/8/13 at 12:51 pm to TOPAL)
It is hard to just give you an average because it varies greatly from location to location. Some restaurants that I deal with make over 250k a year and some make less that 15k.. I would say the average a location makes from the three machines would be about 45k a year but again that is just an average and the numbers vary GREATLY ..
Basically you can get three machines and after the state takes their 26% you split the money with the machine owner. You should be looking for them to offer you NEW machines and at least a 60/40 split. Meaning you get 60% after state taxes.
So machines profits $1000 .... State gets $260 .. You and machine owner split $740 ... If you agree to 60% .. You would get $444 and machine owner gets $296 ..,
You can email at threeputt6363@aol.com if you need any questions answered.
This post was edited on 3/8 at 1:08 pm
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threeputt
Notre Dame Fan
God's Country
Member since Sep 2008
19018 posts
Online
| re: Video Poker Machines (Posted on 3/8/13 at 2:22 pm to VABuckeye)
quote:
Big difference
Correct ... Times have changed now as well. Machines averages have gone down big time because there are so many more machines now than in 1995 .. Most truck stops still do very well though ..
You have money the machine collects minus payouts minus state tax (which is 35% for truck stops) = profit
The truck stops I deal with avg. About $800 bucks per machine profit every week ..
Most truck stop owners also own their own machines so they would not split that money .. Depending on the amount of gas you sell at the truck stop you can have up to 50 machines. So they do generate some cash .
50 machines x $800 = $40,000
$40,000 x 52 weeks = $2,080,00 year
Of course that revenue is taxed as business income as well. And there is a lot of costs incurred in opening and running a truck stop BUT big money can be made ..
This post was edited on 3/8 at 2:26 pm
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fatboydave
LSU Fan
Fat boy land
Member since Aug 2004
4293 posts
| re: Video Poker Machines (Posted on 3/8/13 at 9:21 pm to threeputt)
quote:
60% for establishment owner = $666
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ATL TGR
LSU Fan
Houston
Member since Apr 2008
2624 posts
| re: Video Poker Machines (Posted on 3/8/13 at 10:10 pm to threeputt)
quote:
$40,000 x 52 weeks = $2,080,00 year
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BigAppleTiger
LSU Fan
New York City
Member since Dec 2008
5167 posts
| re: Video Poker Machines (Posted on 3/8/13 at 10:18 pm to threeputt)
quote:
I would say the average a location makes from the three machines would be about 45k a year
This is correct concerning restaurants and the like that feature three machines; but not truckstops and other facilities with multiple machines.
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Stonepony
LSU Fan
Thibodaux
Member since May 2007
251 posts
| re: Video Poker Machines (Posted on 3/11/13 at 9:52 am to BigAppleTiger)
State gets 32%
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