That's about ten percentage points or so below the Las Vegas average and below the pay out on the Oregon state video / lottery slots found in taverns.
Jesus wept, as did the patrons of the casino.
Wow, "hope springs eternal," I suppose.
82% though is just beyond obscene, and way, way too greedy.
Some tribes have some 'rubber stamp' authority, some tribes just say 'mind your own business, paleface'.
The best thing is to remember that slot machine manufacturers really have only TWO markets. One is the State of Nevada, the other market is Anywhere Else.
ALL machines are designed for Nevada. Chip are designed and tested for Nevada.
Paperwork requirements in Nevada are strict. Not so in other jurisdictions. However no one is going to develop a separate chip. The lowest one that Nevada allows is the 'floor' for other jurisdictions.
Look into the used machine market. Ship something out of Nevada and install it in London, it will need "Localization" such as signage changes and sound alterations to make sure nothing approximates the sound of a 'Bobby's Whistle', a legally defined sound pattern that can not be duplicated by any device in the UK. However, no one will create a chip .. the choice if from the existing chips which will be sent with the machines.
In Vegas, competition forces payouts to be rather high and well over the state minimum settings.
In other areas, local conditions apply. In some areas laws are complex. A slot machine in Northern Ireland is subject to two different sets of UK laws.
If you look at the ads for used slots and shipping manifests you will see that usually the machine and the entire range of chipsets are sent and the new owner of the slot machine will make whatever choice he chooses to make in his jurisdiction.
Slot technician training is a grown industry in the US and perhaps abroad also. Yet no slot tech, even when sloshed to the gills, is going to be a reliable source of information.
Quote: michael99000Not sure but I believe the Pennsylvania slots are even worse. I asked a pit manager why and he said it’s due to the tax rate on casinos in that state
Pennsylvania law is 85% minimum
Quote: FleaStiffYet no slot tech, even when sloshed to the gills, is going to be a reliable source of information.
Why do you say that?
One would suspect the tech had access to the underlying data and knew the payout percentage.
But that's the lure.
Quote: MrVI asked a slot tech I was chatting with at a tribal casino in Oregon what their slots payout percentage was, and the tech floored me with the answer: "82%."
I suspect he may have been in error. The slots I have looked at have a minimum return of 85%. I wonder if the 82% may have been after deducting for expenses.
Also, I would submit that even if you had a monopoly, it would be bad business to set your slots that tight. You will lose the locals if they feel they can't win and their money doesn't last long. I think the optimal return for a casino with a monopoly, given the goal of maximizing revenue, where most players are locals, is in the high 80's to low 90's.
Quote: onenickelmiracleIf they're really all 82%, seems the casino would be quite full of people constantly complaining.
That reminds me of the quote "That place is always so busy that no one goes there anymore".
If they are really averaging 82% i would suspect the place would be empty because everybody is broke. I believe they have machines set at 82%, but not the average.
Quote: WizardI think the optimal return for a casino with a monopoly, given the goal of maximizing revenue, where most players are locals, is in the high 80's to low 90's.
A lot of the local casinos I work with average their slots around 92%.
Quote: DRichA lot of the local casinos I work with average their slots around 92%.
I believe it.
Interestingly, BJ rules are decent and carnival game paytables are better than average in MN. So it's pretty much just the machines that are brutally bad.
In my experience, tribal slot machine 1c are usually between 87-93%. Tendency is for the tribal casinos with the highest revenues to have the loosest setting (don't know the cause/effect or correlation). Most CA tribal casinos set 1c to 88-89%. Tachi (Fresno) seems to be one of the tightest CA tribal casinos - possibly 87% or even 86%.Quote: MrVI asked a slot tech I was chatting with at a tribal casino in Oregon what their slots payout percentage was, and the tech floored me with the answer: "82%."
That's about ten percentage points or so below the Las Vegas average and below the pay out on the Oregon state video / lottery slots found in taverns.
Jesus wept, as did the patrons of the casino.
Harrahs seems to be the worst. Seen lots of 85% 1c... Lower than any tribal casino I know.
At a tribal casino in 2012, I once was thinking about playing a new slot just for fun. Then one day I saw the 82.xx% setting. ugh.
Many of the new speciality theme games seem to have 84-86% settings, and higher ones may not exist.
Space Invaders only had two possible settings (may have changed with later software revisions), and both were sub-89%.
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Vegas downtown: Very tight these days. I saw Four Queens setting on the new Jurassic World 1c (when they were installing it in January) - 86.09%
Vegas strip: Saw Ainsworth $1 progressive 90.31% at Cosmopolitan. Lowest Ainsworth $1 I've personally seen (heard East Coast has some 89%, possibly some 88%).
chips (usually five) that will allow the casino to swap chip sets at any time.
Geography always plays a role: just a cruise ship can tell you to go swim to another casino, a tribal casino can send you elsewhere and it may be quite a trek for you to get there.
In Vegas a Nevada statute applies but even the Strip's machines are set much higher than the statute requires due to the completion from other casinos and some chatty slot technician might have been referring to the statutory minimum rather than the actual settings.