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When Connecticut's two casinos opened in the early 90s, they did so by reaching an agreement with the State of Connecticut to pay the state 25 percent of their monthly slot revenues.
As a result, both Mohegan Sun and Foxwoods must report their total slot earnings to the state each month. In December 2010, Foxwoods earned $45 million on its slot machines, an increase of 1.2 percent over December 2009.
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Mohegan Sun took in $53.5 million dollars in December slot revenue. That's a 6 percent decline over December 2009, according to The Day of New London. Slots lv mobile no deposit bonus codes.
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. In essence, that is what payout percentage is.
Local
Average Slot Machine Payout
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%. The average payout on slots machines differ from state to state. In Ohio the average payout is 90%. In New York the average pay out is 91% - 92%. In New Mexico the average payout is about 80%.
- The payout percentage for a slot machine tells you the average profit that a casino will make off that machine over a certain period of time. If a slot machine has a 97 percent payout, this means that the casino will keep 3 percent of what players wager over the long-term.
- Typical Payouts and Payout Percentages. A standard online casino will have slot machine payout rates in the region of 95% – 98%. And the reason why these payout rates are so much higher than land-based casinos is a result of lower fixed costs of operations.
Super free slot games. In reporting its numbers, Mohegan Sun actually revealed some interesting information some gamblers might want to pay attention to.
Overall in December, $673,412,991 went through Mohegan's slot machines. It's a staggering number, referred to as the handle, by casinos. But Mohegan Sun only kept 7.94 percent of that total amount. That means more than 92 percent went back to gamblers.
What may be even more valuable information to the millions of people who drop dollars into those ringing, buzzing and screeching machines is that Mohegan Sun also breaks down which machines actually give gamblers the best odds at winning.
The casino has 6,404 slot machines scattered throughout it's sprawling gaming floors, and as most gamblers know, you can toss your money into those machines in many different denominations. But what the casino's December numbers show is that some of the 'cheapest' slot machines, actually have the worst odds for patrons.
Slot Payouts By Casino
For example, Mohegan Sun kept 11 percent of all of the money that went into its penny slot machines, with 89 percent returned to the players. That must be why the casino has more penny slots, 2,532 machines, than any other type. Free pairs games. Not surprisingly, the majority of Mohegan Sun's slot revenue comes from these penny slots. Nickel slot machines took 12 percent, and give back 88 percent in December.
On the other side of the scale, the casino's $2 slots kept just 2.03 percent of the money that went in, giving back just under 98 percent to gamblers. The best deal for players, if you can afford it, was the casino's $10 slot machines, which kept a minuscule 1.77 percent of the money put into them, returning 99.23 percent to those spending their hard-earned cash.
In the middle were the casino's quarter slots, which returned more than 91 percent of the money put in back to patrons, and the $1 machines gave back more than 93 percent to gamblers.
How Slot Machines Pay
But for those who want to play those machines, their best bet may be to play Mohegan Sun's multi-denomination slots. Those are machines on which a player can choose to bet in different amounts. In December, they returned 95 percent of the money that went into them. So gamblers had better odds dumping quarters into a multi-denomination machine, than playing those same coins on the quarter slots.