How To Find The Payout Percentage On A Slot Machine
- Best Slot Machines For Payouts
- Slot Machine Payback Percentages
- Slot Machine Payouts By Casino
- What Is The Payout Percentage Of Slot Machines
- Slot Payouts By Casino
- Best Online Slots Payout Percentage. The RTP percentages of slot machines show how much will be paid out to you should you win the best slot machines jackpot. The slot machine payback percentages are also referred to as the Return to Player (RTP) rate. Casinos usually publish this statistic on their sites.
- The slot machines have tables near them which depict the machines payout percentage details. The symbols which are shown on the machine's payout schedule show the winning symbol combinations. When these symbols combination line up on the pay line, a player wins the specified money amount.
- Amaya slots are by far and away the worst slot machines for payouts with a 92% RTP average (more on that later). NetEnt make the most player friendly slot games averaging a 96.51% payout percentage. The majority of companies are within 1% of each other setting an online industry standard of about 95% for slot payouts.
- Gaming machine payouts: return-to-player. Gaming machines, also called fruit machines, slots machines or FOBTs, are required to clearly display the percentage return-to-player figure (% RTP), or the odds of winning a prize. Gaming machines offer different prize amounts depending on their category.
In order to calculate payout percentage on a slot machine with completely random RNG (Random Number Generator), you need to know 2 things beforehand: occurrence of all symbols on each reel and paytable. In a very simplistic example suppose we have a slot machine with 3 reels and with only 2.
It is easy to find out what the rate of return is for a slot machine, video slots, progressive slots and classic slots are required to clearly display the return to the player or RTP percentage. Slot machines offer various prizes according to their category. Some slots in casinos display the RTP percentage on screen, while others provide this information on one of the pages part of their payouts, in most cases, the RTP percentage can be found on the last page of the information pages or payout pages.
Can I Expect to win the Return to Player Rate on every stake?
What is the statutory minimum rate of return on a slot machine?
What is the highest payout percentages offered by online slots?
Do Online Progressive Jackpot Slots offer High RTP Percentages?
Best Slot Machines For Payouts
If you’re interested in playing slots, one of the first things you should learn about is payout percentage. Looking at these numbers will help you understand how various games work so you can make a smart decision about which machines to hit up first.
Understanding Payout Percentages
Payout percentages are something you’ll hear a lot about when you’re playing slots. Table games refer to this same basic concept as the “house edge.” 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.
It’s important to understand that the payout percentage does not refer to how much you should expect to make back during your afternoon, or even your weekend, of gaming. If you put $100 into a machine with a 97 percent payout, you probably won’t get a full $97 back. This is because the numbers are skewed by those lucky individuals who win. If you put in $100 and win $1,000, you’ve obviously upset the averages for other players, who would have to lose more than 3 percent for the payout percentage to even out to 97 percent.
Common Averages
According to a 2013 article in the Sun Sentinel, Florida’s Seminole casinos have a payback percentage of about 97 percent for their slots. Las Vegas strip casinos pay back about 90 percent. Downtown casinos in Las Vegas typically offer a better payback of about 93 percent. Dollar slots nationwide typically pay back about 97 percent because you’re putting in more money. Penny and nickel slots offer a lower payout percentage that’s typically 90 percent or lower.
Requirements by State
Some states regulate the payback percentages for their slot machines by law. According to American Casino Guide, those with requirements include:
- Arizona: 80% – 100%
- Arkansas: 83%
- Florida: 85%
- Kansas: 80%
- Louisiana: 80% – 99.9%
- Maine: 89%
- Maryland: 87%
- Michigan: 75%
- Minnesota: 80% – 95%
- Montana: 80%
- New Mexico: 80% – 96%
- North Carolina: 83% – 98%
- North Dakota: 80% – 100%
- West Virginia: 80% – 95%
- Wisconsin: 80% – 100%
Payout by Game
The more you spend for each round on a slot machine, the higher your payout percentage will usually be. For example, in Louisiana, the payout percentage for $5 slots ranges from 93.2 percent to 94.4 percent. For nickel slots your payout is between 91.3 percent and 92.6 percent. Penny slots have the lowest payout with percentages ranging from 88.4 to 88.6.
Considerations When Playing
Always remember that payout percentages don’t necessarily reflect what you’ll make on a certain game. You’ll enjoy higher payouts on games that you put more money into, because an hour on these machines is more expensive than an hour with the penny slots. Over the long haul, the casino still earns more. Play within your means on any machine that you choose.
Slots are a fast and fun way to delve into the world of gaming. Understand your odds and then give these games a try.
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