Slot Machine Revenues Still in Decline

The slot machines are the one thing that you can count on in a casino to bring you in money. Slot machines are the biggest money makers that casinos have, and that is why you see so many of them when you walk in. They know that the majority of gamblers will play a slot machine, even if they are table games players. This does not necessarily translate the other way, as many slot machine players do not play table games.

But as the economy worsens, there is the fact that slot machines are not bringing in the revenue that casinos can usually count on. Instead, across the country casinos are seeing a reduction in slot machine revenue that is hurting them significantly – and thus hurting the states’ bottom lines.

Atlantic City is a perfect example of this decline. The slot machine capital of the Eastern Coast has seen their numbers continue to decline for another month, making this the worst possible time to be in the slot machine industry. According to the latest numbers from New Jersey, the slot machines and table games in AC have declined 18.7%, which is even worse than the 15.1% decrease that was reported in September.

Every year slot machine revenue has increased substantially since they were legalized in 1978. However, each month throughout 2008 the amount taken in from the slot machines over the previous years’ months has been less and less. According to the state, they are looking at about $600 million less spent in the state and that they had laid off roughly 3,300 employees as well.

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