At one time, casinos were only present in certain specific locations, such as Las Vegas, Reno, the Islands, Monte Carlo, etc., and on cruise ships. The next major entrant into the casino locations was Atlantic City. Today, however, there are casinos in many, many locations. There are Native American/ Indian Casinos all over, some of which have become amongst the largest in the world. Now, even the casino cities have multiple competitors.
Cities such as Las Vegas, especially along the “Strip” have upscaled many of the hotels and made several others more family friendly. It used to be that the hotel rooms at casino hotels were relatively reasonably prices, and now, many of them have become quite expensive. So, why are casinos so very popular?
The odds of winning at a Casino have certainly not improved. Certainly, there are more governmental controls and authorities, and they are no longer dishonest and/or rigged. Yet, slot machines, which are the biggest profit center for a casino, set their machines at a certain, specific payout ratio, so that over time, each machine, as well as the machines as a whole, return a specific profit to the casino. In fact, casinos can predict the percentage profit they will make from their machines. That is why all the casino rewards programs value slots players far more than table players, because while table players may often play more money, the casino does not have the guaranteed return on the table games that it has on the machines.