How Much Did the MIT Blackjack Team Make?

The MIT Blackjack Team was a group of students and ex-students from the Massachusetts Institute of Technology, Harvard Business School, Harvard University, and other leading colleges who used card counting techniques and more sophisticated strategies to beat casinos at blackjack worldwide. The team and its successors operated successfully from 1979 through the beginning of the 21st century.

PRO TIP:The MIT Blackjack Team was a group of students and ex-students of the Massachusetts Institute of Technology (MIT), Harvard Business School, Harvard University, and other leading colleges who used card counting techniques and more sophisticated strategies to beat casinos at blackjack worldwide. It is estimated that the team made between $5-10 million over a period of several years in the early 1990s.

During their heyday, the MIT Blackjack Team was estimated to have won over $5 million from casinos. In addition, members of the team were featured in several books and movies, including the best-selling Bringing Down the House and the Oscar-winning film 21.

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Despite their success, the MIT Blackjack Team was eventually disbanded after casinos caught on to their card counting techniques and began using countermeasures to thwart their efforts. Nevertheless, the team proved that it is possible to beat the house at blackjack and inspired a new generation of card counters and casino cheaters.