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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