How Much Are Slot Machines

1. How Slot Machines Are Programmed
2. How Much Are Slot Machine Winnings Taxed
3. Create A Slot Machine
4. Slot Machines For Sale

A brand-new slot machine typically costs anywhere from $15,000 to $25,000. You can see that there is quite a variation in the price. The machine parts that I covered before play the biggest role in how much a slot sells for. But other factors can also influence the final selling price. How Slot Machines & Coin Slots Work Slot machines are the most popular games in any casino, but a lot of people don't have a clear understanding of how they work. In fact, some people have an out-and-out misunderstanding of how they work, while others are more than willing to take advantage of the gambling public's ignorance in such matters.

Return to player (RTP) is very important in regard to the long-term chances of winning with slots. RTP (a.k.a. payback) refers to how much slot machines are programmed to pay out in the long run.

Higher payback means that a game gives you a stronger chance of winning. Therefore, you'll do well to know the RTP behind any game that you play.

You'll discover that it's really easy to find payout percentages for online slot machine games. A simple Google search will produce the RTP for most internet games.

Unfortunately, you'll have a much tougher time figuring out the RTP of land-based machines. In fact, this information is rarely available.

Is there still a way for you to determine payout percentages for slot machines in brick-and-mortar casinos? I'll answer this question by covering more on the difficulties of finding RTP for land-based slots and if it's ultimately possible.

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.

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.

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.

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.

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.

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%.'

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.

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.

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.

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.

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%.'

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.

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.

Table Of Contents

Penny slots are at the foundation of modern gambling. Penny slot machines have been the most popular ones in the United States for decades.

People would pay their buy-ins with nickels and hope for the best.

When Bally came out with their now famous 'Money Honey' slot, players enjoyed the fact that they were allowed to play for up to five nickels at a time.

Don't be fooled by the fact that the word 'penny' is used to describe these games. Penny slots are not as cheap as they sound.

The first things that pop into your mind when you hear the words 'penny slots' might be low payouts and low costs.

In fact, casino penny slot machines were also viewed as slots that cost nothing but a penny to play, which can't be further away from the truth.

New Penny Slots: 2020 Addition

We've decided to expand the list and present you with a few extra penny slots that have become increasingly popular in 2020.

Take a pick and try out a new penny slot:

Double Tigers

Double Tigers is a well-designed penny slot with 3-reel, 8-payline and d 96.43% RTP.

You also get to adjust the volatility levels thanks to their unique Volatility Levels™ feature.

Necromancer

Evoplay Entertainment has really taken that extra step towards improving the slots experience when they came up with this VR-inspired 95.9% RTP game.

Throw on your VR set, grab your mobile and transport yourself to a place where scary things are happening.

The three-dimensional penny slot world offers you 80 betways and a type of gameplay that you don't see often in gambling.

Disco Bar 7s

With coin value ranging from $0.01 to $50, the max bet you can place on Disco Bar 7s is $500.

It's a classic video slot, so there isn't much going on in terms of bonus rounds, but fill up the spots with Disco Ball wild symbols and score a 10,000-coin win.

This 3-reel, 10-payline slot features an RTP of 95.96%.

Care to see our all-time top 10? Scroll down and enjoy the list and reviews of the best 10 penny slots in 2020!

Top 10 Penny Slots

Penny Slots are more than sitting down in front of a machine and popping nickel after nickel into it, after which you pull the 'arm'.

In fact, today's online penny Slots are an extrapolation of the old ones.

These penny Slots are multi-line games allowing for more than one coin bet per line.

With themes like popular movies, shows and games, but also bonus features and special symbols, these penny slot machines represent the best there is in the gambling industry today.

But enough with the chit-chat! You're here to learn about the best penny Slots you can play right now.

Below you can find a list of 10 greatest penny Slot machine games to play online.

The sites that offer these games offer both free penny Slot machines and free penny Slots with bonus rounds, you'll surely find the favourite suits you best.

All you have to do is pick your favorite, as millions of players around the world vouch for the quality of these very best 10 games.

Book of Dead

We've already mentioned this penny slot, but we'll do it again, this time in more detail.

This penny video Slot is extremely similar to the famous 'Book of Ra', yet still has some new features that will ensure good gameplay, emerging the player into the mysterious Egyptian-theme world the game depicts.

There are 5 reels and 10 paylines in the Book of Dead online Slots game.

The symbol to look for is the Book of Dead, which acts like the Wild and the Scatter of the Slot.

Golden Colts

If you get over the fact that this game is one of the creepiest out there, then you can start thinking about the Mega Symbols, Wild Reels, Stacked Symbols, Wilds, Scatters, Free Spins, and other features Golden Colts has to offer.

Blaze of Ra

Here's another Ancient Egypt virtual world for the fans of gods and amulets to explore .

The 5 reels are covered by 40 potential paylines, which is great considering the screen is cut into 4 rows and 5 columns.

The graphics of this game are very high-quality.

You have your desertic background with pyramids at the back of the reels, while the mighty god Ra stands on the left of the screen, watching your every move.

Land on a Scarab, the Scatter of the game for bonus rounds with free spins.

Pirate's Charm

This Quickspin penny Slot has a Mystery Charm Respin feature which lets you re-trigger bonuses repeatedly in the game.

The thing that makes this game stand out is the possibility to play on up to 243 paylines, which is why many players consider Pirate's Charm to be one of the best Slots ever produced by Quickspin.

As a penny Slot, you can start betting from as low as $0.2 on one spin.

The game feels like the movie Pirates of the Caribbean, offering great visuals and a theme song fitted for a pirate's life feel to it, with stunning visuals and a very nice pirate soundtrack.

Then, if you need more Slots of this kind, have a look at our curated list of the best pirate Slots. Good slot games.

Vikings Go to Hell

We are all familiar with the stories about the courageous Nordic Vikings, the rulers of the Scandinavian seas and the lands surrounding them.

Vikings Go to Hell is a 5-reel, 4-row, and 25-payline Slot featuring the last recorded years of these amazing people.

Of course, the story is fantasized, so the Vikings have to take on the demons of the underworld in order to make it out alive.

Look for the Sticky Wilds which will enable multipliers and free spins once they appear on your reel. The minimum bet? Just $0.1 for one spin.

Divine Fortune

Here's another penny video Slot to consider if you're into Ancient Greek-themed Slots.

This visually gorgeous game will emerge you into the world of the gods with its 5-reels, 3-rows configuration and 20 pay lines.

Having an RTP of 96.69%, Divine Fortune can be more like a 'Divine Comedy' when you land on some Wilds, for example.

There are also three progressive jackpots scattered throughout the game.

Wild Wheel Big Money

Wild Wheel might be just a penny Slot, but don't be fooled by that, as it has one of the most impressive arrays of bonuses in the industry.

Piggy Banks, Wads, Gold Coins, and Dollars, but also Gold Bars and Cash Suitcases, these are the symbols of this Slot.

When you land on 3 Wilds, you get to play the Wheel of Fortune Bonus Game. This is the feature you should hope to become familiar with since it is the best one in the game.

Valley of the Gods

Are you ready to take another trip to Ancient Egypt?

With nice, yet simple graphics, good sound effects and bonuses, Valley of the Gods is one of those Egyptian Slots with a simple gameplay but a great return for their players.

This game by Yggdrasil Rocket games slots. has the Anubis and the Horus statues as its most rewarding symbols.

The Return to Player rate is 96,2%.

Gold King

With the Gold King Slot, you won't get to earn all the gold on the planet, but at least can spend some time playing a game with good graphics, sounds, and gameplay.

The simple 5 reels, 3 rows, and 20 paylines make this game a favorite with both the novices and the experienced players alike.

How Slot Machines Are Programmed

Released only a few months ago, this new Slot game is already a hit and the symbols to look for are the Gold Bars and the Gold Kings, for free spins and other bonuses.

Temple of TUT

Remember the famous story of the discovery of King Tutankhamen's tomb?

How about you yourself take on the trails of Howard Carter and George Herbert and try to figure out the mystery surrounding this Egyptian figure?

In Temple of TUT https://stream-soft.mystrikingly.com/blog/this-is-sparta. , there are more Super Reels than there are tombs in the Valley of the Kings in Egypt!

Land on 5 Free Spins Symbols and you will activate whopping 30 Free Spins.

How Much Are Slot Machine Winnings Taxed

The Stacked Wilds can be randomly discovered after any normal spin, but the symbols to look for are the Light beam and the Golden Scarabs.

Good luck not catching a cold, or a deadly Ancient Curse.

Penny Slots FAQ

It all depends on what you're looking for. Penny slots are amazing for players who like to spend time getting to know the slot machine and spinning reels without the pressure of making bug bets.

Create A Slot Machine

Penny slots are great because you can bet as little as $0.01 while you're still learning the ropes, but if you're looking to land some wins, you will probably need to increase your bets. There is no single trick that will help you win on penny slots every time, but slot strategy tips will come in handy.

Generally, if you want a penny slot machine with the best odds, you should aim at those with RTP over 97%. Progressive jackpots, bonus rounds and free spins features should also be taken into account when you're deciding how much you could win on a particular slot.

It's hard to say what penny slot game is the best to play because it varies from person to person. We've put together many great penny slots, so skim through the article and see what strikes your fancy - this list of top penny slots will have your new favourite on it.

Slot Machines For Sale