In tough economic times most casino gambling has been down. Baccarat is a form of gambling that is on the rise. 1.3 billion was wagered in Las Vegas in December on baccarat. Casinos won 155.7 million dollars on baccarat gambling. Revenue for 2009 was up 26.5 % going over 970 million dollars.

Baccarat is a high stakes game that is offered at 17 casinos near the strip. The game is popular with the wealthy Chinese population.

Is the draw taking away from other forms of gambling? Baccarat is probably taking some business from other forms of gambling but this is not the only reason the gambling business is down. Baccarat is bringing a lot of new business to the gaming industry in Las Vegas.

New casinos like Aria have brought a big interest to the game. With single hand wagers in the 100,000 dollar range little casinos cannot afford to take the hit of a lucky player. Million dollar payouts are possibilities small casinos cannot pay.

Without baccarat the gaming industry in Las Vegas would have fallen drastically. Over all gambling, other then baccarat has declined to levels of 2003. Baccarat has single handedly helped improve gaming numbers taking in over half of the gaming revenue. Baccarat is helping the state’s depressed revenue out as well.

Big days for the high stake game have been new casino play. Places like Aria have had a very successful opening at the baccarat tables. The Chinese New Year is also a big event at the tables.