Less Money In, Means Less Money Out

The more penny slot machines that come in, the less money that is being paid out according to a recent survey. In November of 2004, the slot machines in Missouri paid out a reported $92.39 for every $100 that was put into them. However, last year they only paid out $91.34 per $100 – a trend that many blame on the penny slots.

Experts say that the fact that a high number of penny slot machines have been coming into the state is directly to blame for the lower payout. They say that more than 55% of all slot machines in the Kansas City area are penny slot machines.

As more and more customers have enjoyed the draw of the penny slot machines, less money has been paid out because of it. Ever since December of 2004, the penny slot machines have begun to dominate the market in terms of machines available in the area; which led to the various machines getting tighter at most of the area casinos.

Argosy’s slot machines have gotten the second tightest out of all of the area casinos, but they have always paid less than the other casinos’ average. In 2004 they paid $89.20; in 2006 they paid $88.63. This year they are paying $88.68, so it may be the beginning of an increase or a loosening of the slot machines which will undoubtedly bring in more business for the casinos if the players think that they will get to make more back.

Ameristar is the tightest with them paying out $92.80 now, when they used to pay back $93.62. Each of the casinos have tightened their slot machines their own amounts, with some starting to loosen their grip some. Experts say that it could be the beginning of a trend, but it is too early to decide.

 

Back to Monthly Archive // Main Slot Machine News Index