It’s no secret that the casino industry is in a bit of a slump. With the economy still struggling and people looking for other ways to spend their money, gaming has taken a beating.
Casinos are closing left and right and it seems that slots are especially vulnerable.
But even though the number of casinos in Las Vegas has been declining, the number of slot machines has actually been on the rise. In fact, there are now more slot machines in Las Vegas than there were at the height of the market back in 2007.
So while slots may be losing ground elsewhere, they’re still doing pretty well in Sin City.
But while slots may be doing well overall, they’re certainly not immune from tightening regulations. Earlier this year, regulators in Nevada required all new slot machines to have a minimum payback percentage of 75%.
This rule is designed to prevent casinos from using slot machines as way to make money off of people who can’t actually afford to lose any money.
So while it’s still possible to find some big wins on Vegas slots, it’s likely that they’ll become even harder to come by in the future. It seems that casinos are starting to realize that there’s a lot more money to be made by sticking with traditional table games like blackjack and roulette instead of chasing the ever-popular slot machine.
