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Overview and Mini Bio

Benny Binion, born Lester Ben Binion on November 20, 1904, in Pilot Grove, Texas, was an American gambling icon and mob boss who became a transformative figure in the Las Vegas casino industry. Known for founding Binion’s Horseshoe Casino and the World Series of Poker (WSOP), his life was a blend of ambition, controversy, and innovation. From his early days as a mob boss in Dallas to becoming a legendary casino mogul in Las Vegas, Binion’s legacy remains a cornerstone of gambling history.

Net Worth and Lifestyle

At the time of his death in 1989, Benny Binion’s net worth was estimated at $75 million. His wealth stemmed from both illegal activities during his early years and legitimate ventures like Binion’s Horseshoe Casino. He owned valuable real estate in Las Vegas and amassed significant assets through his businesses.

Personal Life and Relationships

Benny married Teddy Jane Binion; together they had five children: Jack, Ted, Barbara, Brenda, and Becky. Teddy played an integral role in managing their businesses until her death in 1994.The family faced numerous challenges:

Notable Works and Achievements

Benny Binion’s contributions extended beyond his casinos:

Founding the World Series of Poker

In 1970, Benny Binion revolutionized poker by organizing the first-ever World Series of Poker (WSOP) at his casino. Initially featuring six players who voted for the champion among themselves, this event evolved into an annual global phenomenon with thousands of participants. The WSOP cemented Binion’s legacy as a pioneer in modern poker.

Despite these controversies, Benny’s family remains influential in gaming circles.

  • Key Details: Information
  • Full Name: Lester Ben Binion
  • Date of Birth: November 20, 1904
  • Place of Birth: Pilot Grove, Texas, USA
  • Nationality: American
  • Education: No formal education
  • Spouse: Teddy Jane Binion
  • Children: Jack Binion, Ted Binion, Barbara Binion Fechser, Brenda Binion Michaelson, Becky Binion Behnen
  • Net Worth(at death): Estimated $75 million
  • Notable Works: Founder of WSOP; Owner of Binion’s Horseshoe
  • MajorAchievements: Revolutionized poker; Inducted into the Poker Hall of Fame (1990)

Early Life and Family Background

Benny Binion was born into humble beginnings on a Texas farm. His parents initially kept him out of school due to poor health. Instead of formal education, young Benny traveled with his father, a horse trader, where he developed a love for the outdoors and learned gambling from local farmers and merchants during trade fairs.Binion’s upbringing in rural Texas shaped his entrepreneurial spirit. By age 10, he was trading horses and had developed a knack for negotiation. His exposure to gambling during these trips set the stage for his future career. Despite his lack of formal schooling, he possessed sharp instincts that would later make him a formidable figure in the gambling world.

Charitable Work and Legacy

Binion supported rodeo events throughout his life. His efforts helped relocate the National Finals Rodeo to Las Vegas, boosting tourism and solidifying the city as an entertainment hub. Despite controversies surrounding his criminal past, Benny is remembered as a visionary who reshaped both poker and Las Vegas.

From Moonshiner to Mob Boss

Binion’s career began during Prohibition when he moved to El Paso at age 18 to work as a moonshiner. He later relocated to Dallas and expanded his operations into illegal gambling. By the mid-1930s, he controlled most gambling activities in Dallas through alliances with local politicians and mobsters.In 1946, after losing his political protection in Dallas due to changing leadership, Binion moved to Las Vegas. There he transitioned from illegal gambling to legitimate casino operations. His first venture was the Westerner Gambling House and Saloon before acquiring the Eldorado Club and Apache Hotel in 1951. These properties were transformed into the iconic Binion’s Horseshoe Casino, known for its high betting limits and customer-focused policies.

His casino became synonymous with luxury and high stakes while fostering an inclusive environment where even small-time gamblers felt welcome.

Future Plans and Impact on Culture

Although Benny passed away decades ago, his legacy endures through the WSOP and ongoing fascination with Las Vegas history. The annual WSOP continues to attract global attention while honoring its founder’s innovative spirit.

Disclaimer: Benny Binion Age, wealth data updated April 2026.