Description:
Invention Summary
An apparatus that uses a smart system of led or LCD screen lights to allow a dealer to track the outcome of multiple hands in casino games like roulette or baccarat for multiple bets. The system not only tracks the progress of multiple betting streaks, but also informs the dealer when to collect a lost wager or pay a winning outcome.
Market Opportunity
The casino and gambling market has been steadily increasing with the expansion of online gambling as well as the increasing legality of gambling in and out of the United States. According to IBISWorld, industry revenue for casinos and online gambling is expected to increase by 3.5% to $318.7 billion over the five years to 2024. Furthermore, as gaming expenditure increases by an annualized rate of 3.1%, the market will also expand by an annualized rate of 2.6% as more gaming enterprises are established.
These factors point to the steady growth of the casino and gambling industry and as a result, the spread and appeal of table games. According to IBISWorld, gaming tables are the major product offered by the industry with 35% dedicated to this segment alone. This segment is estimated to make up 15.8% of industry revenue in 2019 and includes games such as blackjack, roulette, and poker. A system that intuitively tracks wagers and winnings would be invaluable in this increasing market. It would allow casinos to not only decrease their margins of error but also to expedite the training process for new dealers to meet higher demand.
Features and Benefits
• Identifies placement of wagers on a series of sequential random outcomes
• Has 6 distinct areas for receiving markers (each able to accommodate a marker indicating wagers from a single player)
• Will allow dealers and casinos greater accuracy in tracking bets and paying out winnings
• Decreases margin of error for dealers by providing an intuitive system for tracking wagers through an LCD display
• Expedites training process for new dealers
Intellectual Property
U.S. Utility Patent Filed