One bingo operator, by his own accounting, took home a year's profit ofR$834,603 from two halls. During the same 12 months, the charities who lent their names to the operation received aboutR$143,000 _ less than 10 percent of theR$1.48-million in revenue those bingo halls generated after prizes were paid out. Based on other bingo halls in the north suburban area, running seven days per week, the annual net profit for the organization could potentially be $200,000 per year after all expenses. The net receipts are derived from approximately 75% bingo and 25% pull tab sales. |
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