Slot Machines

Video Slot Machines Provide Higher Payouts — For The Business Owners

I will always remember the time my husband and I visited Las Vegas years ago and began gambling at a couple of very lucky slot machines at the Luxor Hotel & Casino. As we sat and stuck our dollar bills into the slot machines, every few minutes or so we won a jackpot. The percentage of winning was so frequent and unusual that a small crowd began to gather behind us, with some folks wondering eagerly when we would be done playing so they could try their hand at the slot machines.

After returning to our hotel room with $1,300 in cash sprawled out on our bed, we vowed to return to those same machines the next day. When we did, the Luxor had roped off that bank of slot machines behind a yellow kind of caution tape, claiming they were out of order. Apparently, those slot machines needed to be “fixed” to favor the house more than the players.

Google reports that more than 100,000 people per month type in words like “slots” and “slot machines,” and with the newer type of video slot machines bringing in higher profits, it’s no wonder there’s a huge interest in slots. But, as reported by the Rapid City Journal, it’s the business owners who are bringing in more of a profit from video slot machines than the players, with South Dakota’s net machine income alone projected at reaching $196.6 million by mid-June 2015.

Still, the hope of winning a big payout via a slot machine windfall prompts gamblers to continue to play slot machines like the Lion’s Share slot machine at MGM Grand — as reported by the Inquisitr — a three-reel slot machine that finally gave up its “stingy” nickname in August when a New Hampshire couple won the slot machine’s $2.4 million jackpot after nearly 20 years of hopeful folks waiting for the machine to pay out its promised winnings, reported the Wall Street Journal.

Not every slot machine story is as pretty, although plenty are intriguing. As reported by St. Louis Today, a group of men were recently indicted for making multiple trips from Russia to the United States and using electronic devices to predict the behavior of slot machine payouts, and use that information to obtain winnings from the slot machines in St. Louis, East St. Louis, and other locations. Add to that the stories of men in the Cleveland area, as reported by the Plain Dealer, who were nabbed for hiding more than $1 million and $500,000 in cash, respectively, around their homes, connected to their slot machine business and other nefarious entities.

For the most part, slot machines can be a fun source of entertainment for those who know how to play responsibly without getting addicted, say experts. After all, playing slot machines doesn’t require the skills of learning to play poker or blackjack.

News reports about lucrative slot machines all over the world — from the 1,000 electronic slot machines planned northwest of New York City, as reported by the New York Times — to the huge UK-based William Hill slots online are popping up in Google News on a constant basis, proving that a certain segment of the public will always be willing to try their hand — and their wallets — at winning big amounts quickly.

[Image credit: Bigstockphoto.com]

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