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Why Has Blackjack Fallen?

That is the question that many are asking themselves. Blackjack revenues have fallen almost 18% for the month of March, and many want to know why that would be.

There are some that are saying that the players were there but they are getting smarter about their money. Some say that the students from Massachusetts Institute of Technology may have had a go at it again – but one can be assured that they are kidding.

No matter what the cause, blackjack revenues have fallen in March. In fact, they fell 18% for the month, with gamblers wagering $746.6 million on the game. The amount wagered is actually more than what was wagered a year ago – 1.3% more. However, more people are winning than were winning then.

Casinos only took in $76 million of that, with the hold percentage at 10.18 instead of the normal 10.18. The fall in revenue is what has led some to speculation that perhaps something else was going on with people being able to win. This inevitably leads to the movie comparison of “21” which profiles the MIT team that took the casinos around the country, and Vegas, for millions of dollars through a blackjack card counting operation in the 1990’s.

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