Benny Binion, a name synonymous with Las Vegas and its gambling scene, didn’t start his career in the glitz and glamour of Sin City. Born in Texas in 1904, Binion’s journey began in the humble surroundings of a small town. He left home at a young age, seeking opportunities in the bustling city of Dallas. It was here that Binion’s entrepreneurial spirit first emerged, running a bookmaking operation and later managing a gambling house. His shrewd business acumen and ability to navigate the often murky waters of the gambling underworld quickly earned him a reputation.

Binion’s big break came during World War II when he moved to Las Vegas, then a small desert town. He opened the Horseshoe Casino in 1946, a downtown Las Vegas establishment that would become legendary. The Horseshoe was known for its low-limit tables, attracting a wide range of gamblers, from high rollers to everyday folks. Binion’s innovative approach to gambling, including the introduction of the $500 chip, revolutionized the industry and contributed to Las Vegas’s rise as a global gambling destination. His fame grew as he became a prominent figure in the city’s transformation, earning him the nickname “The Mayor of Downtown.”

Benny Binion’s Current Net Worth

As of 2025, Benny Binion’s estimated net worth is $200 million.

Benny Binion’s Career

Benny Binion, born in 1904, was an influential figure in Las Vegas’ gambling industry. He opened Binion’s Horseshoe in 1951, which later became Binion’s Gambling Hall & Hotel. Binion is also known for founding the World Series of Poker in 1970.

Other Ventures

Binion’s other ventures include owning and operating several casinos and hotels in downtown Las Vegas. He also played a significant role in the development of the Las Vegas Strip.

Assets

Binion’s assets include real estate, primarily in Las Vegas, and investments in various gaming and hospitality businesses. His most notable asset is the iconic Binion’s Gambling Hall & Hotel.

Annual Income

Binion’s annual income is derived from his ownership stake in various gaming and hospitality businesses. His exact annual income is not publicly disclosed, but it’s estimated to be in the tens of millions of dollars.

Frequently Asked Questions about  Benny Binion

Frequently Asked Questions: Benny Binion Net Worth

1. What is Benny Binion’s net worth?

Benny Binion’s net worth is estimated to be around $100 million.

2. How did Benny Binion make his fortune?

Benny Binion made his fortune through his involvement in the gambling industry. He founded the Horseshoe Casino in Las Vegas and was known for his role in the development of the World Series of Poker.

3. When was Benny Binion born?

Benny Binion was born on November 20, 1904.

4. Where was Benny Binion born?

Benny Binion was born in Pilot Grove, Texas.

5. When did Benny Binion die?

Benny Binion died on December 25, 1989.

6. What was Benny Binion’s role in the World Series of Poker?

Benny Binion is credited with creating the World Series of Poker in 1970. He invited seven of the best poker players to his Horseshoe Casino for a tournament, which eventually became the World Series of Poker.

7. Was Benny Binion involved in any criminal activities?

Yes, Benny Binion had a criminal past. He was involved in organized crime and was arrested multiple times for various offenses, including bookmaking and tax evasion.

8. How did Benny Binion get the nickname “Benny the Boss”?

Benny Binion earned the nickname “Benny the Boss” due to his influential role in the Las Vegas gambling scene and his ability to control various aspects of the industry.

9. What is the Horseshoe Casino?

The Horseshoe Casino was a casino in downtown Las Vegas, Nevada, founded by Benny Binion in 1951. It was known for its low-limit games and was a popular destination for poker players.

10. Who took over the Horseshoe Casino after Benny Binion’s death?

After Benny Binion’s death, his son, Jack Binion, took over the Horseshoe Casino. Jack Binion later sold the casino in 1995 to Harrah’s Entertainment.