Hiw Much Is The Payoff Fir Casino Slot Machines

Posted By admin On 14.05.21

Penny slots at both Connecticut casinos pay lower than 90 percent and receive almost half the total money wagered. The highest payouts at Foxwoods are the multi-denomination machines. Lower RTP percentages of slot machines will be the opposite. If the slot has a 95% payback percentage, it means that if you wager $100, $95 is how much will be paid to you. Audit firms check casinos to guarantee the fairness of their casino games and to ensure that the.

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Introduction to Ohio Slot Machine Casino Gambling in 2020

Ohio slot machine casino gambling consists of eleven casinos. Four are stand-alone casinos with table games while seven casinos are pari-mutuel racinos with horse tracks and simulcast betting.

Ohio casinos have a minimum theoretical payout limit. Return statistics are publicly available.

This post continues my weekly State-By-State Slot Machine Casino Gambling Series, an online resource dedicated to guiding slot machine casino gambler to success. Now in its third year, each weekly post reviews slots gambling in a single U.S. state, territory, or federal district.

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Relevant Legal Statutes on Gambling in Ohio*

The minimum legal gambling age in Ohio depends upon the gambling activity:

Land-Based Casinos: 21
Poker Rooms: 21
Bingo: 18
Lottery: 18
Pari-Mutuel Wagering: 18

In 1933, an approved constitutional amendment legalized pari-mutual wagering at racetracks. The 1970s saw the arrival of the lottery and charity bingo. Social poker games have always existed, but the house must not profit from the game.

The original operators of Ohio’s four stand-alone casinos backed a proposed constitutional amendment. In November 2009, 52% of voters approved the constitutional amendment allowing one casino in the cities of:

Cincinnati
Cleveland
Columbus
Toledo

In addition to the usual fees and taxes imposed on Ohio businesses, the constitutional amendment required or specified:

A 33% tax on gross casino revenue
Distribution of the proceeds of the tax
A license fee of $50 million per casino dedicated to workforce development
An initial capital investment of $250 million for the development of each casino facility
The existence of the Ohio Casino Control Commission
The Ohio General Assembly would pass other laws to facilitate the operation of the casino gaming amendment
- A maximum of 5,000 slot machines at each casino facility
- There is no limit on the number of table games allowed

Subsequent changes in state lottery legislation allowed pari-mutual racetracks to begin offer video lottery terminal (VLT) style slot machines in 2012. These were the first racinos in Ohio.

*The purpose of this section is to inform the public of state gambling laws and how the laws might apply to various forms of gaming. It is not legal advice.

Slot Machine Private Ownership in Ohio

It is legal to own a slot machine privately in the state of Ohio without restriction as to its date of manufacture.

Gaming Control Board in Ohio

In 2009, a constitutional amendment created the Ohio Casino Control Commission. Its website is comprehensive but only applies to slot machine casino gambling at Ohio’s four stand-alone casinos.

In 1973, a constitutional amendment established the Ohio Lottery Commission. The Ohio Lottery eventually became responsible for and controls video slot machines found at Ohio’s seven racinos. These pari-mutuel racetracks began adding VLT-style slot machines starting in 2012.

Hiw Much Is The Payoff Fir Casino Slot Machines Real Money

The state gaming commission offers significant resources for slots enthusiasts besides return statistics. For instance, enforcement provides quarterly and fiscal year gaming crimes and statistics including offenses by statute.

Casinos in Ohio

There are four commercial casino resorts and seven commercial pari-mutuel racetracks with simulcast betting as well as slot machines in Ohio.

The largest casino in Ohio is Eldorado Gaming Scioto Downs with 2,386 gaming machines in February 2020.

The second-largest casino is MGM Northfield Park with 2,183 gaming machines in February 2020.

Commercial Casinos in Ohio

The four casino resorts in Ohio are:

Hard Rock Casino Cincinnati found in downtown Cincinnati located 106 miles southwest of Columbus along the Ohio River near the borders of Kentucky and Indiana.
Hollywood Casino Columbus in Ohio’s capital of Columbus.
Hollywood Casino Toledo found 140 miles north of Columbus near the border to Michigan.
JACK Cleveland Casino found 144 miles northeast of Columbus near Lake Erie in downtown Cleveland.

The seven pari-mutual racetracks with VLT-style slot machines in Ohio are:

Belterra Park found 10 miles southeast of downtown Cincinnati on the Ohio River.
Eldorado Gaming Scioto Downs found 11 miles south of downtown Columbus.
Hollywood Gaming Dayton Raceway found 59 miles north of Cincinnati.
Hollywood Gaming Mahoning Valley Race Course in Youngstown found 68 miles southeast of Cleveland.
JACK Thistledown Racino in North Randall found 16 miles southeast of Cleveland.
MGM Northfield Park found 18 miles southeast of Cleveland.
Miami Valley Gaming in Lebanon found 30 miles north of Cincinnati.

Tribal Casinos in Ohio

Ohio has no tribal casinos as no federally-recognized American Indian tribes exist in this state.

Other Gambling Establishments

As an alternative to enjoying Ohio slot machine casino gambling, consider exploring casino options in a nearby state. Bordering Ohio is:

North: Michigan Slots and Lake Erie
East: Pennsylvania Slots
Southeast: West Virginia Slots
South: Kentucky Slots
West: Indiana Slots

Each of the links above will take you to my blog for that neighboring U.S. state to Ohio.

Our Ohio Slots Facebook Group

Are you interested in sharing and learning with other slots enthusiasts in Ohio? If so, join our new Ohio slots community on Facebook. All you’ll need is a Facebook profile to join this closed Facebook Group freely.

There, you’ll be able to privately share your slots experiences as well as chat with players about slots gambling in Ohio. Join us!

Payout Returns in Ohio

Ohio’s Gaming Control Act section 3772.20 states that the minimum theoretical payout is 85% for slot machines at Ohio’s casino resorts. This same payout limit applies to slot machines at Ohio’s racetracks with slot machines thanks to the Ohio Lottery’s Video Lottery Game Rules.

https://omgxo.netlify.app/harley-davidson-slot-machine-las-vegas.html. Ohio’s five stand-alone casino resorts have return statistics publicly available from the Ohio Gaming Commission. However, Ohio’s seven racetracks with slot machines have their return statistics available from the Ohio Lottery. Both sources offer return statistics by:

Month
Casino
State-wide

In February 2020, Monthly Casino Revenue Reports from the Ohio Gaming Commission shows return statistics for the four casino resorts were:

State-Wide: 91.82%
Hard Rock Cincinnati: 92.03%
Hollywood Columbus: 92.06%
Hollywood Toledo: 90.97%
JACK Cleveland: 92.29%

The highest return for casino resorts went to JACK Cleveland at 92.3% while the lowest went to Hollywood Toledo at 91.0%.

In February 2020, VLT Fiscal Revenue Reports from the Ohio Lottery shows return statistics for the seven racinos were:

State-Wide: 90.79%
Belterra Park: 90.90%
Eldorado Gaming Scioto Downs: 90.48%
Hollywood Gaming Dayton Raceway: 90.71%
Hollywood Gaming Mahoning Valley Race Course: 90.20%
JACK Thistledown Racino: 90.64%
MGM Northfield Park: 90.97%
Miami Valley Gaming: 91.31%

The highest return for racinos went to Miami Valley Gaming at 91.3% while the lowest went to Hollywood Mahoning Valley at 90.2%. Overall, JACK Cleveland had the best return of any casino or racino in Ohio while Hollywood Mahoning Valley had the lowest.

Summary of Ohio Slot Machine Casino Gambling in 2020

Ohio slot machine casino gambling consists of eleven casinos operating under two gaming commissions. These casinos include four stand-alone casino resorts regulated by the Ohio Gaming Commission and seven racinos with pari-mutuel wagering and video-lottery-terminal (VLT) style slot machines regulated and controlled by the Ohio Lottery.

The minimum theoretical payout limit at all Ohio casinos is 85%. Each gaming control board offers monthly return statistics which are publicly available.

Annual Progress in Ohio Slot Machine Casino Gambling

In the last year, JACK Cincinnati has officially switched ownership to Hard Rock Cincinnati. Further, in Cincinnati over the last year, Boyd Gaming operates Belterra Park after this racino’s purchase in late 2018.

Why Isn’t RTP Available for Land-Based Slots?

Unlike with many online slots, you can’t just find the RTP for land-based slot machines through Google. Your efforts will turn up little to no results.

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The problem with slots in brick-and-mortar casinos is that they don’t have uniform payback across every casino. Instead, game developers allow casinos to select payout percentages based on a list of options.

Here’s an example on how this works:

WMS is offering Monopoly Party Train slot to Vegas casinos.
They feature the following RTP options: 92.5%, 93.5%, and 94.5%.
Caesars Palace orders this game at 93.5% payback.
The Venetian orders Monopoly Party Train at 92.5% RTP.
Treasure Island orders this slot at 94.5% RTP.

You can see the obvious challenge in trying to provide payback numbers for such games. A website could list Monopoly Party Train at 93.5% RTP, which is middle ground.

But this figure will only be true for the casinos that have selected this amount. Meanwhile, it’ll be false across all of the other gambling establishments that choose a different pay schedule.

Most online slot providers differ because they offer their games at a uniform RTP across every casino. For example, Rival Gaming will feature Spy Game with 95.1% payback at each online casino it serves.

Some exceptions do exist in the online gambling world. RealTime Gaming (RTG), for instance, allows its casino clients to choose 91.5%, 95%, or 97.5% RTP for a given game.

You can’t find payout percentages for RTG games either. Nevertheless, you can still learn the payback for the vast majority of internet slots.

How Can You Figure out the RTP?

You won’t be able to find the exact payout percentages for most land-based slot machines. But you can at least get a good idea on the matter through a few different methods. Here are some ways to learn the RTP for brick-and-mortar casino slots.

Make General Guesses Based on Coin Denominations

Casinos like to reward gamblers who are willing to risk more money per bet. Therefore, they order higher RTP for games with larger coin denominations.

Here’s an example on how this works:

Penny slot machines = 88% to 90% RTP
Nickel slot machines = 91% to 94% RTP
Quarter slot machines = 93% to 95% RTP
Dollar slot machines = 94% to 96% RTP
$5 slot machines = 95% to 97% RTP

Penny slot machines are almost always the worst games with regard to payout percentages. Larger denominations ranging from a nickel to $5 are all closer in terms of payback.

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Your theoretical losses will be higher on nickel games and up just because you’re betting more per spin. Nevertheless, you can still get more value per dollar wagered with the higher-denomination machines.

Read State Gaming Reports

Rather than making generalizations about coin sizes, you can always check out state gaming reports. These reports show the average payout percentages (or house edges) for each coin denomination within a given state’s casinos.

For example, you might look at a Nevada Gaming Commission (NGC) release and see that dollar slot machines are offering 94.79% RTP on average.

Interestingly enough, the NGC reports specific payout information for Megabucks. This IGT product is the most popular slot in all the popular Las Vegas casinos and warrants more detailed info.

Largely speaking, though, these reports only give general information about each coin denomination.

You won’t find the exact payout percentage for an individual game, but you’ll at least have a better guideline with these reports.

Email a Casino and Ask

One more option involves emailing a casino directly and asking them about their RTP for a specific slot machine.

The problem here is that customer service will often state that they don’t have this information available. But in certain cases, you may actually receive a real answer.

You shouldn’t count on this method majority of the time. It’s at least worth trying, though, if you’re desperate to find out the RTP for certain slots.

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What to Avoid When Searching for Land-Based Slots Payback

You can see that there are a few different options for determining the payback for land-based slot machines. But there are also measures that you want to avoid on your payback-finding quest, including the following.

Relying on Signs Inside of Casinos

Many casinos hang signs above a bank of slot machines that will read something like, “Pays up to 99%.”

Hiw Much Is The Payoff Fir Casino Slot Machines

These signs are very effective at drawing players to slot machines. After all, who wouldn’t want to play a slot that only has a 1% house edge?

Unfortunately, these signs are also very misleading. Only one of the machines within the section has to offer 99% RTP.

The rest could pay as low as 90% RTP and still make the sign valid. Therefore, you can’t rely on much information that the casino supplies you with.

Furthermore, you have no real way of knowing which of the machines offers 99% payback. The only way to make a solid determination would be to play each game for a long time and judge their payout percentages.

Using One Good Session to Determine Quality Payback

Slots are extremely volatile games that may pay a lot one session, then offer very few prizes for the next five sessions. Therefore, you can never use any single outing to judge how a game pays.

Many gamblers still make this very mistake. They’ll have one hot session with a game and believe that it offers a high payout percentage.

It would be great if finding RTP for land-based slot machines was really this simple. The reality, though, is that it’s anything but.

Blindly Believing Ads for the “Loosest Slots”

I’ve seen plenty of ads for loose slot machines when driving on the interstate. These billboards suggest that a given casino features slots with high RTP or frequent payouts.

However, “loose” is a broad term that doesn’t really mean anything. State gaming laws don’t put parameters on what constitutes a loose game.

Casinos can make this claim, regardless of whether it’s true or not. That said, you should take any such advertisement with a grain of salt.

Conclusion

You may think negatively about land-based casinos upon being unable to find RTP for their slots. After all, you don’t have to spend much time at all finding payback for online slots.

However, providers are the ones who choose whether to or not to release payout percentages. They can’t accurately do this with slot machines at brick and mortar casinos, because providers feature different RTP options.

One casino may order a slot at 93% payback, while the next orders it at 95% RTP. Developers are therefore unable to offer a uniform payout percentage for each slot.

The good news, though, is that you don’t have to give up hope. Instead, you have a few options for finding general RTP figures.

The easiest method is to make generalizations based on coin denominations. Simply put, the higher coin denominations usually offer better payback.

You can also read state gaming reports. These releases show the average amount that each coin denomination pays out within a given state’s gambling venues.

Finally, you can always email a casino directly and ask about a specific game. You won’t get the desired answer most of the time, but it’s worth trying.

In summary, finding the RTP for an individual land-based slot is impossible in most cases. But you’ll still have a general idea on how much these slots pay by following the previously covered tips.

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