How much money can be made?

In round numbers we feel it is very reasonable to expect to clear $1,000 per session on average.  Once you have built up your patron base you should see that number increase.  $1,500 to $2,000 per session is closer to what the long established hosts are experiencing.

Sources of Income:

The bingo patrons pay for admission papers and/or Electronic Bingo Devics (Tab-ees). $20 min up to $85 for a fully loaded Tab-ee.

The patrons also buy “Event Tickets” at $1.00 each.  On a typical night a host will sell $8,000 worth of these tickets.

The patrons buy Progressive Papers separate from their admission packs.  Normally this is around $700 – $900.

The Concessions Account of Northland Bingo shares its profits to the hosting organizations on a monthly basis.

Expenses:

Costs of Goods Sold will include:  Bingo papers, Tabee rental, and Event Ticket Costs paid to All American Bingo, a licensed bingo supplier.

For each session a hall rental fee is paid to Northland Bingo.

In the beginning you should expect to pay for co-ownership fees until the total amount is amortized.