As a professional in the field of casino operations and finance, I can provide some insights into the profitability of a casino owner. However, it's important to note that the income of a casino owner can vary greatly depending on several factors, including the size of the casino, its location, the economy, competition, and the specific business model employed.

Revenue Streams
Casinos generate income from a variety of sources. The primary source is, of course, gambling, which includes slot machines, table games, and sports betting. Other revenue streams can include restaurants, hotels, entertainment venues, and retail spaces within the casino complex. Each of these can contribute significantly to the overall income of the casino.

Expenses
On the flip side, running a casino is not cheap. There are substantial operating costs, including staff wages, utilities, maintenance, and marketing. Additionally, casinos are subject to various taxes and regulatory fees which can also be a significant portion of their expenses.

Profit Margins
The profit margins for casinos can be quite high, but they are not guaranteed. According to the data you provided, the 23 Vegas casinos brought in over $72 million each in the 2013 fiscal year, which resulted in over $5 billion of their visitors' money, altogether. This equates to an average of over $630,000 a day, per casino. However, this is gross revenue, not profit. To determine the actual profit, one would need to subtract all the expenses from this gross revenue.

Factors Affecting Profitability
Several factors can affect a casino's profitability. The economic climate can influence the number of visitors and their spending habits. Competition from other casinos can also impact profitability, as can technological advancements and changes in consumer preferences.

Regulatory Environment
The regulatory environment plays a crucial role in the profitability of casinos. Different jurisdictions have different rules and regulations regarding gambling, which can affect the operations and profitability of a casino.

Investment and Risk
Owning a casino is a significant investment and comes with its own set of risks. The initial capital required to establish a casino can be substantial, and there is always the risk of economic downturns, regulatory changes, and other unforeseen events that can impact profitability.

In conclusion, while the potential for high earnings exists in the casino industry, the actual income of a casino owner is influenced by a multitude of factors. It is a complex business that requires careful management and strategic planning to maximize profitability.

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The University of Las Vegas found that the 23 Vegas casinos bringing in over $72 million each in the 2013 fiscal year ended up with over $5 billion of their visitors' money, altogether. That's an average of over $630,000 a day, per casino.Aug 19, 2014read more >>