[IronJack]

Somebody really needs to do a study on the economics of casino gambling. I would theorize that the bread and butter are old ladies and tourists. The grifters and “whales” probably don’t account for a huge share of their revenue stream. So when the old ladies are saving their pennies to buy food for their cats, and the tourists are staying in Des Moines, the core of their funding dries up.

So why would old lady/tourist dollars be drying up? Ask the obamateur.

[4yearlurker]

They used to bus in loads of old ladies to the casinos and give them a roll of quarters (10 dollars) and free buffet.

[Rodamala]

I would theorize that the bread and butter are old ladies and tourists.

You know this is the intent of State run gambling, right? It is to prey on the weak-minded...

and granny saving pennies for cat food? It's not for the cat.

[C19fan]

Somebody really needs to do a study on the economics of casino gambling. I would theorize that the bread and butter are old ladies and tourists.

From what I have read it is a variation of the 80/20 rule. 20% of gamblers accounts for 80% of gaming revenues.