Most people think of casinos as glittering entertainment centers, but they are based on a lucrative model. In India, especially in Goa, casinos generate revenue daily, with monthly and annual value added through entry fees, gaming tables, slot machines, and tourist traffic.
With limited licences, high margins, and state-level taxation, the casino industry has grown into a significant economic contributor, yet remains on a quite tight regulatory leash and is flush with cash.
This article breaks down casino earnings using daily, yearly, operator, and government revenue statistics.
How Much Do Casinos Make A Day: Key Takeaways
- Goa earned over ₹1,661 crore from casino fees in the past five years.
- Goa earned nearly ₹3 crore per day in 2025.
- Delta Corp posted ₹248.99 crore net profit for FY25.
- Casino EBITDA margins remain strong at 25-35%.
- The Indian casino tourism market is valued at $8.3 billion.
- Slot machines contribute over 27% of casino revenue.
How Much Do Casinos Make a Day?
According to official data tabled in the Goa Assembly, the state government has earned over ₹1,661 crore as recurring fees from onshore and offshore casinos over the last five years, underscoring the sector’s significant contribution to state revenues.
The figures, shared by Chief Minister Pramod Sawant, show a sharp rise in collections in recent years, reflecting the continued expansion of casino operations in the state.
Goa currently has six offshore casinos and more than a dozen onshore casinos. The government earned ₹186.35 crore in 2021-22, ₹353.78 crore in 2022-23, and ₹603.76 crore in 2023-24 as annual recurring fees.
In the current financial year, ₹132.52 crore was collected between April 1, 2024, and February 28, 2025, followed by ₹384.85 crore from March 1 to July 10, taking the total to ₹1,661.27 crore over five years.
Source: TaxTMI
The average daily earnings of the government from offshore and onshore casinos in India came to about 90 lakh daily between 2020 & 2025. This figure completely supports the claim of high capital efficiency in the sector.
Source: LinkedIn
Average Casino Profit Per Day
Delta Corp reported a consolidated net profit of ₹248.99 crore for FY 2024-25, demonstrating a healthy profit margin of approximately 34.1% despite increasing regulatory and tax pressures.
Source: Moneycontrol
The Goa casino industry contributed approximately ₹604 crore in various fees and taxes to the state government in a single year, highlighting its role as a critical revenue pillar for the regional economy.
The industry maintains high EBITDA margins of 25-35%, which supports the claim that the oligopolistic structure of the Indian market (limited licenses) ensures sustained profitability for existing players.
Source: LinkedIn
How Much Do Casinos Make a Year?
In the 2010s, the annual turnover of the Indian casinos centered in Goa was around ₹1,000 crore, a figure that is much higher today.
The actual numbers are never known, but unofficial estimates claim that the number is a lot higher, owing to a huge amount of cash transactions.
Source: TOI
For instance, it is worth noting that Delta Corp, India’s largest listed casino operator, reported a consolidated gross revenue of ₹729.63 crore for the fiscal year ending March 2024, reflecting the scale of organized gaming in the country.
Source: Moneycontrol
How Much Money Does Goa Make a Day From Casinos?
Over the last five years, the state collected ₹1,661.27 crore in recurring casino fees, which works out to roughly ₹1.05-₹1.1 crore per day when spread across the entire period.
In 2023-24 alone, Goa earned ₹603.76 crore, translating to about ₹1.65 crore a day, significantly higher than earlier years and pointing to increased casino activity and higher licence fees.
Between March 1 and July 10, 2025, the state collected ₹384.85 crore in just over four months, meaning Goa was making close to ₹3 crore a day from casinos during this period.
In 2021-22, casino fees brought in ₹186.35 crore for the year, or about ₹50-55 lakh per day, showing how dramatically revenues have rebounded since then.
Source: NDTV Profit
Most Profitable Casinos in India
While individual casino profits in India are not publicly disclosed, industry trends and operator-level financials clearly indicate that offshore casinos in Goa are the most profitable segment of the market.
Leading operators such as Deltin Royale, Deltin Jaqk, Deltin Caravela (Delta Corp), and Big Daddy Casino dominate the industry due to their scale, limited competition, and premium positioning.
Offshore licences are tightly capped by the Goa government, creating an oligopolistic structure that allows existing casinos to operate with consistently high occupancy and pricing power.
Profitability is best inferred through proxy metrics such as revenue per gaming position, operator EBITDA margins, and contribution to state revenues. High entry fees, strong tourist footfall, and limited licence availability ensure that these casinos maintain robust profitability despite regulatory costs.
How Much Does a Slot Machine Make Per Day?
Slot machines were projected to contribute approximately 27.4% of the total Indian casino tourism industry revenue by 2025, making them the leading segment for consistent house earnings.
Source: FMI
The “house edge” for slot machines in Indian casinos typically ranges from 2% to 15%, ensuring that for every ₹100 wagered, the casino retains a predictable profit margin regardless of individual player wins.
Source: LinkedIn
How Profitable Are Casinos Overall in India?
The market for Indian casinos and tourism is estimated at US$ 8.3 billion in 2025, and forecast to reach a value of $31.4 billion by 2035 at a CAGR of 14.2%.
This projected increase puts casinos among the most lucrative sectors in hospitality and entertainment. Especially in India, the casino business is a profitable one despite stringent regulations and crippling taxes.
However, not all states permit operating casinos. Some states do, some don’t, and some are gray areas. To determine which ones are, consult our list of casino-legal states in India.
But it’s a difference that stands out when you compare that market with the big players, like the United States casino market. The largest casinos on the Las Vegas Strip, considered among the most sophisticated globally, generate between $1 million and $10 million per day.
To put this growth into perspective, it is helpful to examine the largest casinos in the world, whose scale far exceeds that of emerging markets.
Source: Hollywood Progressive
Despite pressure on net margins from high GST and entry fees, with state taxes so strong and major operators clearly returning strong profits, casinos remain quite profitable.
In general, casinos remain a high-margin, cash-generative business overall, despite regulatory headwinds; this is true the world over, including in India’s gaming market.
How Much Does a Casino Owner Make a Year?
In India, casino ownership earnings vary significantly depending on whether income is derived from executive compensation, dividends, or equity appreciation, rather than direct profit withdrawals.
For instance, Ashish Kapadia, the Managing Director of Delta Corp, had a total annual compensation cost for the FY 2024 that ended at ₹3.31 crore. The amount covers his base plus performance-related bonuses and is an executive salary, not an ownership dividend.
Source: Simply Wall Street
Mody, Non-Executive Chairman of Delta Corp, also got around ₹8 lakh in sitting fees and board-level compensation for the year 2024. Most of his money from the casino comes from owning part of it, not from a paycheck.
Source: Trendlyne 1
So the majority of big Indian casino owners’ wealth is linked to shareholding and long-term capital appreciation. Jaydev Mody’s publicly disclosed holdings were valued at over ₹99.6 crore as of late 2025, meaning his annual financial gains fluctuate based on stock performance, dividends, and corporate growth rather than fixed yearly payouts.
Source: Trendlyne 2
Gopal Kanda, owner of the Big Daddy Casino, holds assets worth 131 crore.
Source: The Hindu
Overall, while executive salaries in India’s casino sector typically range from several lakhs to a few crores per year, true casino owner earnings are best measured through net worth growth and equity value, not direct annual income alone.
How Much Money Do Casino Dealers Make?
Casino dealer salaries in Goa vary widely by experience, employer, and location. Entry-level dealers earn an average monthly salary of around ₹12,102, but earnings rise greatly with skill and exposure to high-stakes tables.
Source: Indeed
Experienced dealers can bag annual packages between ₹7.6 lakh and ₹8.4 lakh, showing the premium placed on professionalism and game management. At top-tier operators such as the Deltin Group, take-home pay typically ranges from ₹22,100 to ₹22,600 per month, which is often further boosted by tips and performance incentives.
Source: AmbitionBox 1, AmbitionBox 2
However, regional differences remain notable; dealers in South Goa report an average annual salary of about ₹24,911, highlighting how pay scales can fluctuate across the state.
Source: Glassdoor
