Why people are losing more to casinos on the Las Vegas Strip

Tuesday, May 30, 2023 8:58 PM
  • Katherine Sayre, The Wall Street Journal

Casinos on the Vegas Strip are making it costlier to play and harder to win.

Payouts are lower for winning blackjack hands. Bets on some roulette wheels are riskier. And it is taking more cash to play at many game tables.

Blackjack players lost nearly $1 billion to casinos on the Strip last year, the second-highest loss on record, after 2007, according to data from the Nevada Gaming Control Board.

Some Las Vegas casinos cut back the number of blackjack tables with dealers, raised minimum bets during busy times and lifted their advantage over players in some games—doubling-down on a prepandemic practice of making subtle changes that favor the house, according to industry executives, researchers and gamblers.