We discovered a stunning fact: no one seems to know much about anything. To understand casino giving, we contacted top experts in the casino industry and pored over philanthropic databases for many hours. As a reference point, the roughly $35 billion in revenue earned by the retail sporting goods industry in the same year was diffused through a much larger group of 20,000 companies. The casino industry is huge: approximately 500 commercial casinos earned $31.4 billion in gross gaming revenue (total dollars wagered minus the winnings distributed to bettors) in 2009. Wouldn’t it be nice if we had such a system for getting donations from the casinos? Rick Cohen uses a fundraising framework to report on his investigation into the casino industry.Ĭasinos seem to have fool-proof systems for getting money out of their customers. just one of the overlooked fundraising opportunities from casinos. In some states, casinos are required by law to give a portion of their profits to community foundations which, in turn, are required to grant it out as well as allowed to put a portion into their endowments.
Categories: Finance| Fundraising Topic Tags: Donations| Financial Management| Strategic Planning
