Ted Binion, born in 1931, was the son of Benny Binion, a prominent figure in Las Vegas’ early gambling scene. Growing up in this environment, Ted was naturally drawn to the world of casinos and gaming. He began his career in the family business, learning the ropes from his father and other industry veterans. Ted’s first significant role was managing the Horseshoe Casino, a legendary gambling spot known for its low-limit games and high-stakes action.

Ted’s fame began to grow in the 1970s when he took over the Horseshoe after his father’s passing. He expanded the casino’s offerings, attracting a wider range of clients with his charisma and business acumen. Ted’s ability to cater to both high rollers and average gamblers alike made him a respected figure in the industry. His fame reached new heights in 1980 when he opened Binion’s Horseshoe, a sprawling, luxurious casino that became a Las Vegas staple.

Ted Binion’s Current Net Worth (2025)

As of 2025, Ted Binion’s net worth is estimated to be around $200 million, according to the latest available information. This figure takes into account his various business ventures and assets.

Career

Ted Binion is a prominent figure in the gaming industry, known for his role in the development of the Binion’s Horseshoe, a historic casino in downtown Las Vegas. He took over the casino from his father, Benny Binion, in the 1980s and expanded its operations. Ted is also recognized for his involvement in the World Series of Poker (WSOP), which began at Binion’s Horseshoe in 1970.

Other Ventures

In addition to his work in the casino industry, Ted Binion has been involved in various other ventures. He has invested in real estate, including several properties in Las Vegas and elsewhere. He has also been involved in the development of new casino projects and has served as a consultant to other gaming establishments.

Assets

Ted Binion’s assets include a significant stake in Binion’s Horseshoe, as well as interests in other casinos and gaming properties. He also owns a collection of rare coins and other valuable items, many of which were inherited from his father. Additionally, Binion owns several luxury vehicles and properties in Las Vegas and other locations.

Annual Income

Ted Binion’s annual income is primarily derived from his stake in Binion’s Horseshoe and other casino ventures. His exact earnings are not publicly disclosed, but industry estimates suggest that his annual income is in the tens of millions of dollars. Additionally, Binion may receive income from his real estate investments and other business ventures.

Frequently Asked Questions about  Ted Binion

**Frequently Asked Questions: Ted Binion Net Worth**

1. What was Ted Binion’s net worth?

Ted Binion’s net worth was estimated to be around $100 million.

2. How did Ted Binion make his fortune?

Ted Bin Binion made his fortune through his family’s casino business, the Binion’s Horseshoe Casino, which was founded by his father, Benny Binion.

3. Was Ted Binion involved in any criminal activities?

Yes, Ted Binion was involved in several criminal activities, including drug trafficking and money laundering. He was also accused of ordering the murder of his girlfriend, Sandy Murphy, in 1998.

4. How long was Ted Binion in prison?

Ted Binion spent a total of 13 years in prison, from 1998 to 2011, for his involvement in Sandy Murphy’s murder and other criminal activities.

5. What happened to the Binion’s Horseshoe Casino after Ted Binion’s imprisonment?

After Ted Binion’s imprisonment, the Binion’s Horseshoe Casino was sold to Harrah’s Entertainment in 2004. It is now known as the Binion’s Gambling Hall and Hotel.

6. Did Ted Binion have any children?

Yes, Ted Binion had two children, a son named Ted Jr. and a daughter named Becky.

7. What was the cause of Ted Binion’s death?

Ted Binion died of a heart attack in 2011, while still in prison.

8. Was Ted Binion’s family involved in his criminal activities?

Ted Binion’s brother, Jack Binion, was also involved in some of his criminal activities, including the money laundering scheme. However, his other family members were not involved.

9. What was the motive behind Sandy Murphy’s murder?

The motive behind Sandy Murphy’s murder was believed to be related to a dispute over a large sum of money that she had borrowed from Ted Binion.

10. What was Ted Binion’s legacy?

Despite his criminal activities, Ted Binion was known for his philanthropy and his contributions to the Las Vegas community. He was also known for his love of gambling and his involvement in the World Series of Poker.