The Diamond Jubilee is a floating riverboat casino that operates on the Mississippi River. Casinos attain a profit by collecting the bets/wagers placed by guests, but giving back on average a % of revenues as winnings for the customers and incurring costs of running the operations in a casino utilizing various resources. In a typical month, the casinos gambling area (excluding the food, beverages and lodging) had the following revenues and expenses:

There were 500,000 guests. You can assume that all guests will wager the average amount always.

Revenues (wagers by guests) $10,000,000

Winnings given back to Guests $3,000,000 (as a % of revenues)

Labor Costs (salaries) $1,000,000

Commissions for employees $700,000 (as a % of revenues)

Utilities (unrelated to the number of guests) $600,000

Utilities (related to the number of guests) $300,000

Depreciation on Casino buildings and equipment $2,000,000

Other monthly admn. and facility costs $400,000

The casino pays combined state and federal taxes equal to 25% of profit before taxes.

For motivational purposes, the Casino would like to give the general manager a monthly bonus equal to 5% of the casinos operating income before taxes. The taxes will be paid on operating income minus bonus. How much do Diamond Jubilee guests have to wager in a month for the casino to earn an after-bonus and after-tax profit of $2,000,000?