Vegas ranks 6th for most sugar daddies - FOX5 Vegas - KVVU

Vegas ranks 6th for most sugar daddies

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SeekingArrangement.com founder and CEO Brandon Wade says his site attracts young and successful sugar daddies. (Elizabeth Watts/FOX5) SeekingArrangement.com founder and CEO Brandon Wade says his site attracts young and successful sugar daddies. (Elizabeth Watts/FOX5)
LAS VEGAS (FOX5) -

Las Vegas ranks sixth in the nation for the most sugar daddies, according to SeekingArrangement.com.

The website's study showed at least four out of every 1,000 males in Las Vegas are sugar daddies.

The website is just like any other dating website except it's more money-minded. In the past year, it says it's had a 71-percent increase in sugar daddy signups.

The site is based in Las Vegas, and founder and chief executive officer Brandon Wade says these aren't your stereotypical decrepit men looking for hot, young ladies. The study shows they're younger and also very rich.

According to the study, the average sugar daddy in America is 39 years old and earns about $275,301 annually. He spends $5,100 on his sugar habit, or about 22 percent of income.

In Las Vegas, the average sugar daddy makes even more, or about $395,546 a year.

FOX5 spoke with a 42-year-old sugar daddy from Chicago on the phone. Ricardo withheld his last name to protect his identity but says he's met a variety of women through the site.

"I've met relationship-minded ladies, and I've met the hard core, cold, spineless ladies that say I want this money and I want Gucci and Versace," Ricardo said.

Ricardo said the website is all about convenience. He's too busy to date and to settle down right now, so it's an easy way to find a nice date or even a girlfriend with mutual interests.

"If a lady wants to go to Miami with me or take a cruise with me, I can find someone I'm compatible with," Ricardo said.

The website also hosts sugar mommies as well.

It's free to sign up for the babies, but the mommies and daddies have to pay a monthly fee.

They can also pay extra to get background checks on criminal history and financial history so they can get verified or even "diamond" status, attracting even more ladies.

The website debuted in 2007 and now has two million members.

When the site started, the number of married sugar daddies was at 46 percent. Now the study shows that number has dropped to 33 percent.

Atlanta ranked first in the nation for most sugar daddies, with nearly six out of every thousand adult men.

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