Video Poker Machines | TigerDroppings.com

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nolaTiger24
New Orleans Saints Fan
Old Metairie
Member since Sep 2008
1103 posts

Video Poker Machines



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
82870 posts

re: Video Poker Machines


Will his machines take bitcoins?





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nolaTiger24
New Orleans Saints Fan
Old Metairie
Member since Sep 2008
1103 posts

re: Video Poker Machines


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
23515 posts

re: Video Poker Machines


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
968 posts

re: Video Poker Machines


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
New Orleans Pelicans Fan
Member since Jan 2009
10511 posts

re: Video Poker Machines


(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
1103 posts

re: Video Poker Machines


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
968 posts

re: Video Poker Machines


After pay outs it's about $475. Do your numbers from there.





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HeadyMurphey
LSU Fan
Los Santos
Member since Jan 2008
15807 posts

re: Video Poker Machines


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
11366 posts

re: Video Poker Machines


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
8562 posts

re: Video Poker Machines


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
New Orleans Pelicans Fan
Member since Oct 2012
8420 posts

re: Video Poker Machines


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
787 posts

re: Video Poker Machines


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
168 posts

re: Video Poker Machines


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
21743 posts

re: Video Poker Machines


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
21743 posts

re: Video Poker Machines


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
6788 posts

re: Video Poker Machines


quote:

60% for establishment owner = $666






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ATL TGR
LSU Fan
Houston
Member since Apr 2008
2878 posts

re: Video Poker Machines


quote:

$40,000 x 52 weeks = $2,080,00 year








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BigAppleTiger
LSU Fan
New York City
Member since Dec 2008
6414 posts

re: Video Poker Machines


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
267 posts

re: Video Poker Machines


State gets 32%





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