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Slots Poor Economy VS Slot Payouts

Dear Mark: Won't the dramatic drop in slots play at casinos due to the economy also dramatically drop the payouts, since the number of spins is greatly reduced? If so, doesn't this increase the house edge well above the already sinful double digits they now enjoy? N.D.

Since each yank of the handle is a random independent event, no matter if it's the first or the kazillionth, the percentages of "house edge," and of payout to you, would remain the same. The casino "hold," what the casino anticipates to be its win, would also be unaffected.

The "hold" percentage is nothing more than the ratio of coins the casino keeps to the total coins inserted, which is measured over an eight hour period, then by the day, month, quarter, etc. For example, if a slot machine in a particular casino has a payback of 92%, the expected casino hold on this game is 8%, and that wouldn't change due to lack of play.
What changes, if there is a downturn in action, would be the casino "drop". Also known as the Gross Casino Win, the casino drop refers to the total amount of money collected by the casino from any one -- or from all -- gaming machines, whether in cash, coins, or both.
Since the actual total value of all money received by the casino from all players, all games combined, has been reduced significantly during this current economic decline, the casino drop is reduced, but not your chances of winning.



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