Las Vegas casinos raked in more than .38 billion at baccarat tables over the past year, far ahead of the 1 million made from blackjack and 8 million from craps, the UK Independent reported.
Las Vegas raked in the large sum despite posting a 23 percent drop in baccarat revenues and a 34 percent drop in mini baccarat gaming. Mini baccarat is played for lower stakes.
Analysts say baccarat is very popular among Asian bettors and attributed to the reduction in play among Asian players to uneasy economic conditions in several Asian nations coupled with a Chinese government crackdown on gambling, which has many gamblers wary of lavish Las Vegas betting trips.
Baccarat is a relatively simple game that requires no skills. A player and banker, or dealer, each are dealt two cards and bet on which hand they think has the highest total score. Some casinos allow as much a $250,000 per wager on baccarat hands.
