Casinos make money by keeping some of the money wagered and paying the rest of it...
Casinos make money by keeping some of the money wagered and paying the rest of it back as "winnings". Assume that overall the casinos keep 3.75% of the money wagered. Nevada casinos statewide kept $9.52 billion during a recent year.
How much money was bet that year? Round your answer to the nearest billion dollars. ___________________
Homework Answers
Answer:
Given,
Let us consider,
x be the money bet this yr
So consider,
3.75/100 * x = 9.52
x = (9.52 * 100) / 3.75
x = 253.8666
x = 254 billion
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