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Gaming Guru
What's a Slot Machine Earn?12 July 1999
Did you ever wonder what a slot machine actually earns for its casino owner? My findings indicate to me why casino operators regard slot machines so highly: In 1996, slot machine win accounted for 68.6% of total revenues at casinos and riverboat destinations in the United States, an increase of over 20% since 1982. The average win per slot machine in those casinos was $39,000 in 1996! Since the "life span" of the average slot machine is four years, that means the average machine will earn about $156,000 for its owner before being retired…not bad for a device that costs about $5,600 brand new! And remember…slot machines don't eat or need benefits. All they require are a little maintenance, and that's a drop in the ocean compared to the revenues they bring in. It didn't surprise me that in 1996 there were far more quarter slot machines in place at Nevada casinos than any other variety with 93,985 units. What did surprise me was that there were more nickel machines than dollar machines. The nickel variety outnumbered the popular dollar units 36,970 to 34,183. This article is provided by the Frank Scoblete Network. Melissa A. Kaplan is the network's managing editor. If you would like to use this article on your website, please contact Casino City Press, the exclusive web syndication outlet for the Frank Scoblete Network. To contact Frank, please e-mail him at fscobe@optonline.net. Recent Articles
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