Dear Mark: Is there minimum payout percentage on slot
machines that must be paid out? Dave N.
The
legal minimum, Dave, is set by statute in each state.
Your letter comes from New Jersey, where it's 83%.
Where I worked, Nevada, it was slightly less. Yet
that percentage return doesn't necessarily mean you
will see slot machines actually set that low.
Players
don't like having their money gobbled up by machines
that are as tight as legally allowed.
For
that reason, along with competition, you'll find
in general that casinos tend to have higher paybacks
on their slots than the legal minimum, and seldom
will you find the real payout percentage falling
much below 90%.