What Is The Payout Percentage Of Slot Machines

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Introduction to Massachusetts Slot Machine Casino Gambling in 2020

  1. Slot Machines With Highest Payout Percentage
  2. What Is The Payout Percentage Of Slot Machines Ever
  3. Casino Payout Percentages By State
  4. Payout Percentage For Indian Casinos

Massachusetts slot machine casino gambling consists of two large Category One resort casinos, one small Category Two slots parlor, and a cruise ship with an onboard casino sailing to international destinations.

💱 What is the average payout on slot machines? The average payout on slot machine varies among slots but you are going to find a higher return-to-player percentage in the recommended online casinos as compared to the traditional slot machines. Blood Suckers slot and 1429 Uncharted Seas slot have a very high RTP of over 98%. LOUISIANA SLOT MACHINE PAYBACK STATISTICS Gaming regulations require that gaming machines in casinos be programmed to pay back no less than 80% and no more than 99.9%. For video gaming machines at locations other than casinos, the law requires. To calculate payback percentage, divide your $18,333 in returns by $20,000 in wagers, then multiply by 100 to convert to percent. That shows a payback percentage of 91.7 percent. Bottom line: If you bet the max, this machine returns 95 percent. If you don't, it returns 91.7 percent. Average payout percentages are reported by casinos in Indiana and that they range from 89.83% to 91.61% counting on the property. Iowa In Iowa the slots are even tighter with payout percentages starting at 89% and rising to 92%, counting on the casino. Electromechanical machines came to the scene in the early 1940s by Bally. The best paying slot machines take you from hero to zero even with a small bet. Finding which slot machines pay the best involves looking at RTP, bonus features, paylines and the minimum bet amounts amongst other things. To get the highest payout, you must play slots with the best odds of winning.

Massachusetts has set a minimum theoretical payout limit and monthly 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 Massachusetts*

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

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

Since 2011, the Commonwealth of Massachusetts has had three gaming regions, each with one casino resort gaming license:

  • Eastern Region A: This license went to MGM, who constructed a casino in downtown Springfield. It opened on August 24, 2018.
  • Western Region B: This license went to Wynn Resorts, who constructed Encore Boston Harbor in Everett. It opened on June 23, 2019.
  • Southeastern Region C: No license awarded.

Massachusetts gaming regulations define large Category 1 casino resorts and small Category 2 slots parlors as follows: Free zeus slots game download.

  • Category One casino:
    • Pay a daily tax of 25% of gross gaming revenue
    • Appropriate documentation of infrastructure improvements onsite and around the vicinity of the gaming establishment
  • Category Two casino:
    • Pay a daily tax of 40% of gross gaming revenue
    • Pay an additional daily assessment of 9% of its gross gaming revenue
    • Appropriate documentation of infrastructure improvements
    • Limited to 1,500 gaming positions

*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 Massachusetts

It is legal to own a slot machine privately in Massachusetts if it is 30 years old or older.

Gaming Control Board in Massachusetts

The Massachusetts Gaming Commission, known as Mass Gaming, became law on November 22, 2011 when Governor Deval Patrick signed the Expanded Gaming Act.

Casinos in Massachusetts

There are three non-tribal casinos and one cruise ship based in Massachusetts.

The largest casino in Massachusetts is Encore Boston Harbor with 2,800 gaming machines.

The second-largest casino is MGM Springfield with 2,550 gaming machines.

Commercial Casinos in Massachusetts

Massachusetts has three land-based casinos including:

  1. Encore Boston Harbor in Everett located 5 miles north of downtown Boston.
  2. MGM Springfield located 92 miles west of Boston and 26 miles north of Hartford, Connecticut.
  3. Plainridge Park Casino in Plainville located 36 miles southwest of Boston and 22 miles northeast of Providence, Rhode Island.

A cruise ship sailing out of the Port of Boston is the NCL Dawn. The ship offers onboard gambling via slot machines and table games when traveling in international waters.

Tribal Casinos in Massachusetts

In 2012, the Commonwealth of Massachusetts and Mashpee Wampanoag Tribe have an approved tribal-state gaming compact to offer tribal gaming in Southeastern Massachusetts. This Region C includes the counties of Bristol, Plymouth, Nantucket, Dukes, and Barnstable.

Subsequently, construction started on The First Light Resort & Casino in Taunton. However, progress has slowed due to lawsuits. Construction has been on hold since mid-2016. It is uncertain whether the casino will ever open.

Another tribal casino may yet open in Massachusetts as it would not require a state gaming license but instead be subject to the federal IGRA. The Aquinnah Cliffs Casino located in Martha's Vineyard would offer 250 Class II, bingo-style competition games. However, it, too, has also been subject to lawsuits which has delayed its completion.

Other Gambling Establishments

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

  • North: New Hampshire Slots and Vermont Slots
  • East: The Atlantic Ocean
  • South: Connecticut Slots and Rhode Island Slots
  • West: New York Slots

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

Our Massachusetts Slots Facebook Group

Are you interested in sharing and learning with other slots enthusiasts in Massachusetts? If so, join our new Massachusetts 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 Massachusetts. Join us!

Payout Returns in Massachusetts

Massachusetts law has set a minimum theoretical payout of 80% for gaming machines.

Monthly revenue reports for each casino are publicly available from Mass Gaming. These reports offer monthly casino hold percentages as well as player win percentages. Note that these return statistics are referred to, somewhat misleadingly, as payout%.

The January 2020 player win percentage for each casino is:

  • Encore Boston Harbor: 92.63%
  • MGM Springfield: 91.60%
  • Plainridge Park: 92.37%

Slot Machines With Highest Payout Percentage

In January 2020, Encore Boston Harbor has the highest player win percentage. However, for the prior five months, Plainridge Park had the highest payout win percentage.

Summary of Massachusetts Slot Machine Casino Gambling in 2020

Massachusetts slot machine casino gambling consists of two casino resorts, a slots parlor, and a cruise ship offering an onboard casino when traveling to international destinations.

The minimum theoretical payout for slot machines is 80%. Monthly actual return statistics are publicly available for each casino.

Annual Progress in Massachusetts Slot Machine Casino Gambling

In the last year, Encore Boston Harbor opened in Everett. This is the second year in a row that a large casino resort has opened in Massachusetts.

Related Articles from Professor Slots

Other State-By-State Articles from Professor Slots

  • Previous: Maryland Slot Machine Casino Gambling
  • Next: Michigan Slot Machine Casino Gambling

Have fun, be safe, and make good choices!
By Jon H. Friedl, Jr. Ph.D., President
Jon Friedl, LLC

If you are a keen slots player then you will know that one of the most useful pieces of information about a slot that you can discover is the payout percentage for the game.

What Is The Payout Percentage Of Slot Machines Ever

Unfortunately, the term is ripe for misunderstanding and novice slot players often misunderstand what the term actually means, which can lead to them having totally unrealistic expectations of how much they can expect to win on a slot from any given session.

This can then lead to them feeling frustrated, cheated even and less inclined to play the slot again, which is a shame as it is their misunderstanding that is the issue, not the slot or casino in question.

The problem often stems from misunderstanding what the term 'payout percentage' actually means and how it is applied on the slot.

So in this article, we'll attempt to explain clearly what this means.

What is a payout percentage?

A payout percentage is simply the percentage of the total amount of money that the slot will take in over a typical amount of time, that it will pay out back to players in the form of winnings.

That percentage can range from as little as 75 percent up to around 98 percent. Free slot machine games to play for fun.

In essence, that is what payout percentage is. Slot machine tactics. There is nothing more to it, but unfortunately, many people choose to think that this means that out of all the money they spend, they will expect to receive back between 75 and 98 percent back in winnings.

That is indubitably not the case and this misunderstanding occurs because people do not understand how the payout percentage is worked out, nor how the winnings used to calculate that amount, are paid out to players.

Suffice to say that a payout percentage is absolutely NOT a statement of how much of your wagering money you can expect to receive back in payouts on average.

Here's why:

Casino Payout Percentages By State

Payout percentage - The number of spins

The first thing to note is that when an organisation such as eCOGRA tests the veracity of the claim that a slot has a payout percentage of X per cent, then they run a series of tests to authenticate that claim.

This involves spinning the reels of the slot millions of times in order to generate what the actual payout percentage is of the slot.

It is only when the reels of the slot are spun a huge amount of times that the payout percentage shows any meaning. As such, it is a statistic which is only meaningful for the casino, rather than the player who is unlikely to have the funds or time to spin a slot the many hundreds of thousands of times needed in order to generate payouts of the percentage levels of the slot.

On fewer spins, numbering 10,000, 1,000 or less, there can be a huge difference to the stated payout percentage. A slot may seem to run 'hot' and payout considerably more than the payout percentage (even run at a loss over that period of spins), whereas at other times it may seem to run 'cold' and pay out considerably less than the stated payout percentage.

The key thing to note here is that for a player, the number of spins they play is usually so small, that payout percentage is almost irrelevant. The more spins you play the more relevant the payout percentage becomes, but only if you spin the reels thousands of times over a sustained period.

Payout Percentage For Indian Casinos

Even then the payout percentage is still only an average mark. Sometimes the slot will pay out more over one million spins than the stated percentage, other times less, but usually these measures will average out to give a mean percentage level.

Therefore, it is best to view the payout percentage as simply a measure of how much the machine pays out over millions of spins and not really relevant to your chances of success.

Payout percentage - Structure of payouts

The other key aspect to the payout percentage to understand is how the payouts of a machine are structured and that this is equally important to understanding why you are not likely to earn back 75 to 98 percent of what you spend.

The best way to do this is via a hypothetical example. So let's say I developed a slots machine that has a payout percentage of 95% and let's say that in a typical month, this machine generates 1,000,000 in revenue from players playing 1,000,000 spins in that period.

If my hypothetical machine then followed the payout percentages exactly, then 5 percent of that 1,000,000 (50,000) is the casino's operating profit from the machine. That leaves 950,000 to be shared between all the players.

However, slot machines are designed to offer a range of awards, paying out smaller rewards more often and the big jackpot prizes less frequently. Let's say that my machine has paid out one large jackpot prize of 500,000 in the last month, plus three other smaller jackpot prizes of 100,000 apiece.

That means just four lucky players have accounted for 800,000 of the payout percentage. Out of 1,000,000 spins, that means just 0.0004 percent of players have accounted for 84.2 percent of the total payout percentage.

That means the remaining 99.9996 percent of players have just 150,000 in winnings to share amongst them from 9,999,996 spins. You don't need to be a mathematics genius to realise that therefore the vast majority of players of this hypothetical slot would receive a payout that is nowhere near the stated payout percentage.

The

However, four lucky players have receive a payout well in excess of the payout percentage! Sounds a bit like a lottery, right?

The structure of how your slot pays out is key to understanding that payout percentage is not a figure of how much you will win on average, but simply how much the machine pays out on average over a massive number of spins. Furthermore, how often a machine pays out top prizes, will also mean that the vast majority of players will not experience a payout percentage anywhere near what is stated.

That isn't an error, or misleading, simply a fact that over small sample sizes, the averages stated in the payout percentage are irrelevant.

So while payout percentages may not be useful in letting a player understand how much of their stakes they'll win back, where they are useful to punters is in giving them a comparative measure to judge which machines are most likely to offer them a return.

In theory, you are more likely to win playing a slot with a 95 percent payout percentage than you are a slot with a 75 percent payout percentage.

However, once again, because the number of spins you play will be so small, the chances of you noticing a difference between the slots is negligible. It is entirely plausible that you will play the 75 percent pay out slot and win more than the 95 percent payout percentage slot.

So the key lesson to learn about payout percentages is not to think they are stating how much you will win back on average in your session, but that they are a simple, general tool to assess how profitable the machine is for the casino.

Playing games of chance, which includes lotto, keno, scratch cards, slots, and many other games, can bring massive wins for the lucky. Take these games for what they are. And remember, there's no harm in trying your luck!

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