Would casinos make more money
Hey, it seems/ to work for the lottery. A small amount of money with remote chance of winning a big amount? That real penny player would like the thought that his or her 50cent bet could win a big amount.
Also, I really hate the trend which seems to have limited the access to a big jackpot unless you're betting maybe 1% of the total jackpot. I mean, seeing someone hit hundred grand with some ridiculous bet amount? C'mon.
Yeah, they do it in some casinos, and did it many years ago. Not sure why it's not more popular though.
Penny slots aren't the penny slots of long ago that were actually 1 cent per spin. They are 1 cent denom machines with per spin values of 50 cents to $5 or more. Still have the lowest RTP going. Playing 5 lines on the $1 denom raises your RTP not counting the tax man, but line pays will be much worse. A couple players recommend playing 25 lines as a sweet spot if you have choices between 50 lines and 5 lines; so that would be the 10 cent denom at 25 lines and a 2X multiplier for a $5 spin for a $10K+ Grand JP.
Personally I don't want a grand jackpot on games, because it tells me that a large part of the RTP is inaccessible unless I get extremely lucky. But I am not like most gamblers.
Quote: rxwineWould casinos make more money if they attached a grand jackpot to all of their machine games?
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As I understand, drop is different than hold.
If I were hypothetically managing a hypothetical slot floor, I wouldn't want the same linked progressive on more than about 12% of my machines.
This might change with the recent change to progressive meter rates.
Quote: harrisA lot of gamblers ask "why don't casinos do this". Well, I don't think anyone active in this forum manages a casino. And I assume those who manage casinos have a large quantity of statistics that are unavailable to us. So I don't think we should be recommending changes to casino execs, I imagine they make very mathematically-informed decisions on what to do the majority of the time.
Personally I don't want a grand jackpot on games, because it tells me that a large part of the RTP is inaccessible unless I get extremely lucky. But I am not like most gamblers.
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Bad stats for the casino bottom line?
Well, the original Star Trek was primarily canceled because it suffered from chronically low Nielsen ratings and expensive production costs.
Math's not bad, but its focus can be wrong or too narrow and not factor in other variables. I'm not saying they're wrong, just possibly wrong.
Quote: rxwineWould casinos make more money if they attached a grand jackpot to all of their machine games?
Not really.
Players that want a progressive can play a progressive. If you have a progressive on every machine then the payout for everything will have to be lower.
A better way would be keep the comps flowing to the top players so they keep coming back.
Nowadays it's more like bet $500 to win 100 times bet.
Google Ai
Quote:AI Mode Conversation: why did station casinos quit their machine link to all machines for a big jackpot they had years ago?
Quote:Station Casinos discontinued its massive, multi-property Jumbo Jackpot slot machine link primarily due to diminishing marketing effectiveness, regulatory scrutiny over high-leverage player syndicates, and a shift toward modern digital promotions.First launched in 2003 as a "mystery progressive" linked across thousands of machines at multiple locations, the promotion originally intended to reward everyday locals by paying out between $100,000 and $150,000 to a random active cardholder, while giving everyone else playing at that moment a $50 "enabler" bonus.However, several severe factors forced Station Casinos to permanently pull the plug on the system:🎰 The Rise of Professional Slot SyndicatesAs the linked mystery jackpot grew closer to its mathematically mandated max payout threshold (often tracking up to $150,000), the math shifted entirely in favor of the player. Professional gambling teams and aggressive local syndicates would swoop into properties like Palace Station or Boulder Station. They monopolized entire banks of connected machines for days, locking out the casual local players the promotion was built to attract.🛑 Regulatory and Mechanical DisputesThe Nevada Gaming Control Board heavily regulates how progressive jackpots are funded and handled. Managing a unified network across different computer systems, video poker decks, and physical slot machines created tracking nightmares and floor-space gridlock. Station Casinos faced mounting friction regarding how machines were "capped" or held for high-rolling teams, prompting a pivot away from massive, interconnected networks that required strict state regulatory compliance to alter.⚖️ Brand Damage from Similar PromosThe decision to transition away from unified, network-wide "Jumbo" progressives was solidified after a massive public relations disaster in their poker rooms. In 2017, a interconnected Jumbo Hold 'Em Poker Progressive hit at Red Rock Resort. Station Casinos refused to pay the $120,000 pool, citing a technicality where a player exposed his cards early. The Nevada Gaming Control Board stepped in and ordered Station Casinos to pay. Humiliated by the bad press, Station immediately paid out and systematically retired their wide-area Jumbo promotions in favor of independent, property-specific daily giveaway
Looks like APs helped ruin it : ) With their syndicates.
