|If you walk into just about any casino
the game that dominates most of the floor space is Slots. There is a
good reason for this: Slots make up about 60–65% of a casino’s
total revenue. Billions of dollars flow through these machines each
year. Because of their popularity, slot machines come in a wide
variety of denominations and a wide variety of styles.|
The original Slot Machine, the “Liberty Bell”, was built by
Charles Fey in San Francisco at the end of the 19th century. It’s
been a little more than 100 years and now Slots come in hundreds of
variations and many are run by a computer board with the output
displayed on a video screen.
All Slot machines are not created equally. Lower denomination
machines usually have a lower payout percentage. It costs just as
much to buy and maintain a $.05 Slot Machine as it does to buy and
maintain a $0.25 Slot Machine. Casinos usually adjust for this by
having a lower percentage payout for the $.05 Slot Machine.
Regulatory bodies set the minimum percentage payback for Slot
Machines. The current minimum in Nevada is 75% and the current
minimum in Atlantic City is 83%. Because of competition, most slots
have a much higher payback.
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