- Casino Slot Payout Percentages List
- Firekeepers Casino Slot Payout Percentages
- Ohio Casino Payout Percentage
- How do slot machines payout? When you have more money to bet, the higher the payout percentage of the slot machines. Which slot machines have the highest RTP? Slots with highest payout percentage have a rate that ranges from 75% until 98%. These percentages can vary coming from the software developer that designed the slots.
- Amaya slots are by far and away the worst slot machines for payouts with a 92% RTP average (more on that later). NetEnt make the most player friendly slot games averaging a 96.51% payout percentage. The majority of companies are within 1% of each other setting an online industry standard of about 95% for slot payouts.
Do those minimums apply to each individual slot machine or do they refer to a casino average payout? For instance, some games are set higher and some lower by the manufacturer. So, for example, if the minimum payout is 87%, can the casino set one machine at 60% and another at 120%, which would then average out at 90%?
The house edge at slot machines isn't based on how lucky the players are, it is based on the pre-programmed electronic software used. And, that house edge varies from casino to casino and from geographic location and state to state.
Don't be fooled by a billboard that says 'Our slots pay 99%' because that only pertains to a small number of machines, not the casino's overall house edge. All video slot machines (including poker) use a Random Number Generator to provide accurate odds for the player and the house.
The number of winning hands (symbols) in any program is mathematically proven before the slots hit the gaming floor, and while the odds vary for each player (because this really is gambling), overall, the anticipated house edge will eventually be achieved.
The House Edge at Slots
Each gaming jurisdiction requires all slot machines to be registered and all slot manufacturers must submit their programming and math charts to the state gaming office, such as the Nevada Gaming Control Board. While the state may only require a minimum payback of 86-percent, most video poker and slot machines pay more. The average payback in Nevada is lowest on penny slots at about 90-percent. Dollar slots and some Deuces-Wild poker machines have the highest payback at nearly 99-percent.
Of course just because a machine has a payback of 99 percent does not mean you will win back $99 for every $100 you play through the machine. That payback amount is an average. Over the course of an evening of gambling, you might lose $500 or win $5,000. That's the beauty of the gamble, right? And, the casino doesn't care either way, because they win an average of whatever their house edge is over the course of the month.
How does that 99-percent work for you? Aside from the ups and downs of jackpots and dry spells, your entertainment dollar is going to be based on how long you play. If you play a machine that takes $3 per spin and you pull the handle 10-times an hour, you are playing $3 x 10 x 60 = $1,800 in action. At 99-percent house edge, your play costs $18 an hour. Some nights you'll go home ready to kick the wall, and other nights you be singing a happy tune because you hit a jackpot and skated out with hundreds. That's gambling.
Play Within Your Means
As a general rule, the higher denomination slot machines have a greater overall payback percentage that the lower ones. That's great for those with a healthy bankroll, but you'll need to play the games that offer you the best bang for the buck. The worst thing a player can do is to play any game for more money than they can afford to lose or at a higher denomination than their bankroll will handle.
Another consideration is making sure you can qualify for any bonus screen or Royal Flush payoff. If you want to wile away the hours playing a single nickel in a machine, that's great. Enjoy. You won't win or lose much and you'll probably go home happier than most players. But your play comes with a catch!
That catch is that the house edge provided for each machine includes the big jackpots (such as a Royal Flush), and if you play below the minimum to reach the bonus screen, the house edge is much higher! You won't lose much, but you'll never win more than a couple of dollars.
The Best Option
The best option is to play the games you enjoy most, and make sure you read the Help Screen so you know how many credits it takes to qualify for at least the lowest progressive jackpot and the bonus screen (or Royal Flush at video poker). As a recreational player, your first goal is to have fun. If you only visit the casino occasionally the overall payback of the machine won't make much of a difference. If you visit regularly, make sure you join the Player's Club and play within your means!
If you're interested in playing slots, one of the first things you should learn about is payout percentage. Looking at these numbers will help you understand how various games work so you can make a smart decision about which machines to hit up first.
Understanding Payout Percentages
Payout percentages are something you'll hear a lot about when you're playing slots. Table games refer to this same basic concept as the 'house edge.' The payout percentage for a slot machine tells you the average profit that a casino will make off that machine over a certain period of time. If a slot machine has a 97 percent payout, this means that the casino will keep 3 percent of what players wager over the long-term.
http://spotwuj.xtgem.com/Blog/__xtblog_entry/19462928-simple-paint-app-for-mac#xt_blog. It's important to understand that the payout percentage does not refer to how much you should expect to make back during your afternoon, or even your weekend, of gaming. If you put $100 into a machine with a 97 percent payout, you probably won't get a full $97 back. This is because the numbers are skewed by those lucky individuals who win. https://ameblo.jp/00acitoryoag/entry-12652186474.html. If you put in $100 and win $1,000, you've obviously upset the averages for other players, who would have to lose more than 3 percent for the payout percentage to even out to 97 percent.
Common Averages
According to a 2013 article in the Sun Sentinel, Florida's Seminole casinos have a payback percentage of about 97 percent for their slots. Las Vegas strip casinos pay back about 90 percent. Downtown casinos in Las Vegas typically offer a better payback of about 93 percent. Dollar slots nationwide typically pay back about 97 percent because you're putting in more money. Penny and nickel slots offer a lower payout percentage that's typically 90 percent or lower.
Requirements by State
Some states regulate the payback percentages for their slot machines by law. According to American Casino Guide, those with requirements include:
- Arizona: 80% – 100%
- Arkansas: 83%
- Florida: 85%
- Kansas: 80%
- Louisiana: 80% – 99.9%
- Maine: 89%
- Maryland: 87%
- Michigan: 75%
- Minnesota: 80% – 95%
- Montana: 80%
- New Mexico: 80% – 96%
- North Carolina: 83% – 98%
- North Dakota: 80% – 100%
- West Virginia: 80% – 95%
- Wisconsin: 80% – 100%
Payout by Game
The more you spend for each round on a slot machine, the higher your payout percentage will usually be. For example, in Louisiana, the payout percentage for $5 slots ranges from 93.2 percent to 94.4 percent. For nickel slots your payout is between 91.3 percent and 92.6 percent. Penny slots have the lowest payout with percentages ranging from 88.4 to 88.6.
Considerations When Playing
Always remember that payout percentages don't necessarily reflect what you'll make on a certain game. You'll enjoy higher payouts on games that you put more money into, because an hour on these machines is more expensive than an hour with the penny slots. Over the long haul, the casino still earns more. Play within your means on any machine that you choose.
Slots are a fast and fun way to delve into the world of gaming. Understand your odds and then give these games a try.
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