Losses disguised as wins, the science behind casino profits
Gambling is good business, or at least a profitable one. According to the American Gaming Association, in 2012 the 464 commercial casinos in the US served 76.1 million patrons and grossed $US37.34 billion. Each year gaming revenues in the US yield more profits than the theatrical movie industry ($US10.9 billion) and the recorded music industry ($US7…