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.
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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.
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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.
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.
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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.
The global coronavirus pandemic has affected business in Las Vegas differently than most cities in the US. Yes, this virus is affecting businesses all over the world but the impact isn’t the same everywhere.
Cities that largely depend on international tourism and business travel like Las Vegas will feel the pain today and for at least the next couple of years. Las Vegas is in a unique position from other US casino markets. This is what makes Las Vegas special but it’s also making recovery a bit slower.
Regional casinos already on the mend
Regional casino operators like Boyd Gaming are already bouncing back from closures earlier this year. This is the case with various casino operators that depend on residents within driving distance.
Even Las Vegas casinos that depend on local residents are beginning to come back from being closed earlier this year and the current social spacing rules. These types of casinos in Las Vegas and around the country are seeing fewer guests but they’re spending more money per visit.
Station Casinos and some Boyd Gaming properties fall into this category in Las Vegas. Penn National Gaming properties is another regional casino operator with properties around the country.
Many of these properties are institutions of the community. They’re more than just a place to gamble. These properties are local bars, restaurants, bowling alleys, and more. They may not offer lavish production shows or world-famous celebrity chefs but they offer a comfortable place for adults and families to spend time.
A slow return for Las Vegas
The casinos on the Vegas Strip are having a more difficult time recovering. According to multiple gaming industry analysts, it will take multiple years before the Vegas Strip is back to what people remember.
In the “Las Vegas: A Post-COVID Landscape” research paper, UNLV provost and historian David G. Schwartz said the following:
“Las Vegas is facing a historic crisis, and its response over the next few months will determine the trajectory of the city for years, if not decades.”
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Even the Nevada Economic Forum is finding it difficult to pinpoint how and when Las Vegas will return to pre-coronavirus levels.
During the early November meeting, Moody’s Analytics shared data that shows a slow return for the US that will extend into 2022. Further, Las Vegas won’t be able to recover until airlines recover.
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According to the most recent Las Vegas Convention and Visitors Authority (LVCVA) annual Visitor Profile, about half of the visitors to Las Vegas travel via airplane. More than 42 million visited Las Vegas in 2019.
Approximately 21 million visitors flew to Las Vegas in 2019. Until the world is comfortable flying again and all borders are open, Las Vegas won’t see a return to pre-coronavirus levels.
Why the Vegas Strip is different
In recent years, Vegas Strip casinos have put a focus on two different segments. The goal has been to have customers filling hotel rooms and restaurants for all seven days during the week.
During weekdays business travelers would visit for conventions, conferences and meetings. During the weekend the casino corporations used entertainment to draw leisure travelers for entertainment in showrooms, theaters and arenas.
The tactic was working as hotel rooms on the Vegas Strip were filled throughout the week, resulting in a revenue boon. However, social distancing and capacity limits have put an end to the big shows and conferences in Las Vegas this year. What’s open in Las Vegas and the capacity numbers ebb and flow with virus case counts.
Large-scale arena and theater events don’t seem as though they’ll return anytime soon. Caesars and MGM Resorts are starting to bring back small scale entertainment. However, shows can only have 250 people at the maximum. This is a far cry from thousands that would typically see a large show or residency. Obviously, revenue from entertainment will be limited until the coronavirus slows down greatly.
Conventions are allowed limited to open for a limited audience which could increase in 2021. However, the largest convention of the year in Las Vegas, the Consumer Electronics Show, won’t return until 2022 at the earliest. The largest convention and expo of the year in Las Vegas had more than 175,000 attendees in 2019, so losing it is a big blow to the city.
The large crowd for a four-day event is just part of the equation for Las Vegas. Hotel rooms around town are close to capacity for the entire week. Not coincidentally, this week typically has close to the highest hotel room rates each year.
Las Vegas is more than just gaming
There are casinos all over the US that offer the ability to gamble. Las Vegas is different as the properties offer much more than a room to play slots or table games. Former MGM Resorts International CEO Jim Murren might have said it best with a simple statement:
“…without live entertainment, without conventions, Las Vegas is just another hotel town.”
In 2019, Vegas Strip casinos made approximately two-thirds of revenue from non-gaming parts of the casino. Neary 65% of revenue for Vegas Strip casinos came from hotel rooms, food, beverage, etc. In other words, only about 35% of revenue on the Vegas Strip came from gambling. This ain’t yo grandpa’s Las Vegas.
The revenue split isn’t quite as drastic when you leave the Vegas Strip. Downtown Las Vegas and casinos throughout Nevada see closer to 50% of revenue from gaming. The reason for this is twofold.
First, these casinos have different customers than international tourists and business travelers on the Vegas Strip. Second, casinos away from the Vegas Strip don’t offer the same lavish amenities – including bars and restaurants. The local bar and restaurant can’t quite charge the same as a tourist trap.
Post-COVID recovery and looking forward
Regional visitors continue to return to Las Vegas. The drive from California and Arizona is still comfortable for those looking for a change of scenery. According to the LVCVA, 10% more people drove to Las Vegas in September than the previous month. Similarly, more people drove to Las Vegas in September than in July.
However, it will take some time for visitors to fly to Las Vegas. If a vaccine is a cure-all many expect this will take some time to get out. According to the Center for Disease Control (CDC), will take months for a vaccine to reach the general population in the US and around the world. The CDC says adults should be able to receive a vaccine in late 2021.
Even if things go smoothly it will take time for the vaccine to reach every adult all over the world. Similarly, recipients will still have to return to traveling the way they used to. There’s no guarantee if and when that will happen.
In the meantime, casinos in Las Vegas (and the rest of the country) are already changing. Visiting Las Vegas won’t be the same today and a year or two from now.
Coronavirus is pushing casinos to expedite some efforts to cut expenses and move up targets to launch new automation and digital efforts.
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For example, in an effort to reduce contact and close communication with others, the many properties have sped up contactless and mobile efforts. Guests are encouraged to check into the hotels via mobile devices or kiosks. Digital keys on mobile phones mean guests don’t even need a physical key.
Gaming will also be different. Vegas Strip casinos are offering more electronic gaming options. There are more gaming units for blackjack, craps, baccarat, roulette, etc. These gaming units are easier to clean than traditional table games. Additionally, no dealer means fewer possible germs in the air.
Las Vegas casino operators are also streamlining expenses. Buffets that became synonymous with Las Vegas may not return. These eateries aren’t very profitable and casinos can’t bring back venues that aren’t generating positive cash flow.
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Similarly, casinos have laid off many employees due to coronavirus. Many may never return as casinos learn to operate on a smaller staff. All of this will make the future different in Las Vegas.
Las Vegas casinos are already changing. This transformation will continue as Sin City tries to reinvent itself once again.