Average Payout On Slot Machines

FireKeepers Casino has 2,680 slot machines so the average revenue per slot machine per month is $7,201 which converts to an average of $240 per slot machine per day. During the same time period Four Winds Casino which is also in Michigan reported $8,633 earnings per slot per month which converts to a daily revenue of $285 per slot machine.

Average Payout On Slot Machines Jackpots
Casino Payout Percentages By State
Slot Payouts By Casino
Slot Machine Payout Chart
Average Payout On Slot Machines For Sale
Average Payout On Slot Machines Without
Average Payout On Slot Machines Cost

Play Slots with Record Payout Percentages. As a smart gambler, you know you need to find the slot machines with the best odds. It's fine to play for entertainment, and that's usually a priority for slots players, but it's also more fun when you have the best chance of winning and you know you're getting the best value for your money.
The way to gauge the payout percentage on slots is to put a demonination, say $100.00, play only the hundred in whatever denomination chosen, i.e 40 cents, 80 cents- no matter- but totaling no more nor less than the hundred and what results once finished. If on average you end up wit 85.00, obvilously 85% can be assumed the average payout.

Introduction to Oklahoma Slot Machine Casino Gambling in 2020

Oklahoma slot machine casino gambling consists of 131 American Indian tribal casinos, casino resorts, travel centers, and “gasinos” along with two pari-mutuel racetracks with slot machines.

No theoretical payout limits have been set for tribal casinos in Oklahoma. In addition, no return statistics are publicly available.

This post continues my weekly State-By-State Slot Machine Casino Gambling Series, an online resource dedicated to guiding slot machine casino gambler to success. Now in its third year, each weekly post reviews slots gambling in a single U.S. state, territory, or federal district.

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Relevant Legal Statutes on Gambling in Oklahoma*

The minimum legal gambling age in Oklahoma depends upon the gambling activity:

Land-Based Casinos: 18
Poker Rooms: 18
Bingo: 16
Lottery: 18
Pari-Mutuel Wagering: 18

In November 2004, Oklahoma residents approved a State-Tribal Gaming Act through a referendum. This vote enacted a model tribal gaming compact allowing tribes to use new gaming machines and card games. Based on this generic model, 31 tribes negotiated state-tribal compacts with the state of Oklahoma.

*The purpose of this section is to inform the public of state gambling laws and how the laws might apply to various forms of gaming. It is not legal advice.

Slot Machine Private Ownership in Oklahoma

It is legal to own a slot machine privately in the state of Oklahoma if it is 25 years old or older.

Gaming Control Board in Oklahoma

Oklahoma’s state-tribal compacts regulate tribal gaming in Oklahoma. However, the state of Oklahoma provides oversight under these compacts, which is the legal responsibility of Oklahoma’s Gaming Compliance Unit.

Based on the Oklahoma Gaming Compliance Unit Annual Report 2018, Oklahoma’s casinos prefer offering more Class II games due to Class III games requiring up to an extra 6% of revenue to the state.

The state also collects exclusivity fees from Class III machines. In 2015, 57% of all gaming machines in Oklahoma were Class III games.

Casinos in Oklahoma

As of mid-2019, 31 American Indian tribes operated 131 facilities offering Class III gaming through tribal-state gaming compacts with the state of Oklahoma. These locations include two racetracks offering pari-mutuel wagering and slot machines.

The largest casino in Oklahoma is also the largest casino in the world. This WinStar World Casino and Resort has 7,400 gaming machines.

The second-largest casino is Choctaw Casinos & Resorts – Durant with 4,300 gaming machines.

Commercial Casinos in Oklahoma

Oklahoma has no non-tribal, commercial casinos.

Tribal Casinos in Oklahoma

The 106 largest tribal casinos in Oklahoma, including two pari-mutuel racetracks with slot machines, are:

7 Clans Casinos – Chilocco Gasino in Newkirk, 106 miles north of Oklahoma City.
7 Clans Casinos – First Council Casino Resort in Newkirk, near the border to Kansas.
7 Clans Casinos – Paradise Casino in Red Rock, 82 miles north of Oklahoma City.
7 Clans Casinos – Perry Casino, 65 miles north of Oklahoma City.
7 Clans Casinos – Red Rock Gasino, 82 miles north of Oklahoma City.
Ada Gaming Center – East, 85 miles southeast of Oklahoma City.
Ada Gaming Center – West, 85 miles southeast of Oklahoma City.
Apache Casino Hotel in Lawton, 86 miles southwest of Oklahoma City.
Artesian Hotel Casino Spa in Sulphur, 84 miles south of Oklahoma City.
Black Gold Casino in Wilson, 112 miles south of Oklahoma City.
Border Casino in Thackerville, 124 miles south of Oklahoma City.
Buffalo Run Casino & Resort in Miami, 89 miles northeast of Tulsa.
Casino Oklahoma in Hinton, 55 miles west of Oklahoma City.
Cherokee Casino & Hotel – Ft. Gibson, 80 miles east of Tulsa.
Cherokee Casino & Hotel – Grove, 100 miles northeast of Tulsa.
Cherokee Casino & Hotel – Ramona, 30 miles north of Tulsa.
Cherokee Casino & Hotel – Roland, 175 miles east of Oklahoma City.
Cherokee Casino & Hotel – Sallisaw, 160 miles east of Oklahoma City.
Cherokee Casino & Hotel – South Coffeyville, 70 miles northeast of Tulsa.
Cherokee Casino & Hotel – Tahlequah, 83 miles southeast of Tulsa.
Cherokee Casino & Hotel – West Siloam Springs, 85 miles east of Tulsa.
Cherokee Casino & Hotel – Will Rogers Downs in Claremore, 30 miles northeast of Tulsa.
Chickasaw Travel Stop – Davis West, 75 miles south of Oklahoma City.
Chickasaw Travel Stop – Wilson, 112 miles south of Oklahoma City.
Chisholm Trail Casino in Duncan, 79 miles south of Oklahoma City.
Choctaw Casinos & Resorts – Broken Bow, 235 miles southeast of Oklahoma City.
Choctaw Casinos & Resorts – Durant, 150 miles southeast of Oklahoma City.
Choctaw Casinos & Resorts – Grant, 200 miles south of Oklahoma City.
Choctaw Casinos & Resorts – Idabel, 240 miles southeast of Oklahoma City.
Choctaw Casinos & Resorts – McAlester, 130 miles southeast of Oklahoma City.
Choctaw Casinos & Resorts – Pocola, 195 miles east of Oklahoma City.
Choctaw Casinos & Resorts – Stringtown, 163 miles southeast of Oklahoma City.
Cimarron Casino in Perkins, 60 miles north of Oklahoma City.
Comanche Nation Casino in Lawton, 86 miles southwest of Oklahoma City.
Comanche Red River Hotel Casino in Devol, 125 miles southwest of Oklahoma City.
Comanche Spur Casino in Eldon, 75 miles southwest of Oklahoma City.
Comanche Star Casino in Walters, 25 miles southeast of Lawton.
Creek Nation Casino Bristow, 60 miles northeast of Oklahoma City.
Creek Nation Casino Eufaula, 135 miles east of Oklahoma City.
Creek Nation Casino Holdenville, 75 miles northeast of Oklahoma City.
Creek Nation Casino Muscogee, 50 miles southeast of Tulsa.
Creek Nation Checotah Casino, 120 miles east of Oklahoma City.
Downstream Casino Resort in Quapaw, on the border of Oklahoma with Missouri and Kansas.
Duck Creek Casino in Beggs, 35 miles south of Tulsa.
Gold Mountain Casino in Ardmore, 100 miles south of Oklahoma City.
Gold River Casino in Anadarko, 60 miles southwest of Oklahoma City.
Golden Pony Casino in Okemah, 72 miles east of Oklahoma City.
Goldsby Gaming Center in Norman, 21 miles south of Oklahoma City.
Grand Casino Hotel Resort in Shawnee, 38 miles east of Oklahoma City.
Grand Lake Casino in Grove, 80 miles northeast of Tulsa.
Hard Rock Hotel & Casino Tulsa in Catoosa, on the outskirts of Tulsa.
High Winds Casino in Miami, 89 miles northeast of Tulsa.
Indigo Sky Casino & Resort in Wyandotte, 90 miles northeast of Oklahoma City.
Ioway Casino in Chandler, 40 miles northeast of Oklahoma City.
Kickapoo Casino Harrah, 31 miles east of Oklahoma City.
Kickapoo Casino Shawnee, 38 miles east of Oklahoma City.
Kiowa Casino Carnegie, 94 miles southwest of Oklahoma City.
Kiowa Casino Hotel Red River in Devol, 125 miles southwest of Oklahoma City.
Kiowa Casino Verden, 57 miles southwest of Oklahoma City.
Lucky Star Casino Canton, 60 miles northwest of Oklahoma City.
Lucky Star Casino Clinton, 85 miles west of Oklahoma City.
Lucky Star Casino Concho, 35 miles northwest of Oklahoma City.
Lucky Star Casino Concho Travel Center, 35 miles northwest of Oklahoma City.
Lucky Star Casino Hammon, 120 miles west of Oklahoma City.
Lucky Star Casino Watonga, 70 miles northwest of Oklahoma City.
Lucky Turtle Casino in Wyandotte, 90 miles northeast of Oklahoma City.
Madill Gaming Center in Madill, 122 miles south of Oklahoma City.
Native Lights Casino in Newkirk, 106 miles north of Oklahoma City.
Newcastle Casino in Newcastle, 19 miles south of Oklahoma City.
Okemah Casino, 72 miles east of Oklahoma City.
One Fire Casino in Okmulgee, 45 miles south of Tulsa.
Osage Casino Hotel Bartlesville, 50 miles north of Tulsa.
Osage Casino Hotel Hominy, 44 miles northwest of Tulsa.
Osage Casino Hotel Pawhuska, on the outskirts of Tulsa.
Osage Casino Hotel Ponca City, 50 miles northwest of Tulsa.
Osage Casino Hotel Sand Springs, on the outskirts of Tulsa.
Osage Casino Hotel Skiatook, 17 miles north of Tulsa.
Prairie Moon Casino in Miami, 89 miles northeast of Tulsa.
Prairie Sun Casino in Miami, 89 miles northeast of Tulsa.
Quapaw Casino in Miami, 89 miles northeast of Tulsa.
Remington Park Racing Casino in Oklahoma City.
River Bend Casino Hotel in Wyandotte, 90 miles northeast of Tulsa.
River Spirit Casino Resort in Tulsa.
Rivermist Casino in Konowa, 75 miles southeast of Oklahoma City.
Riverwind Casino in Norman, 12 miles south of Oklahoma City.
Sac and Fox Nation Casino in Stroud, 60 miles northeast of Oklahoma City.
Saltcreek Casino in Pocasset, 50 miles southwest of Oklahoma City.
Seminole Nation Casinos – Seminole Nation Casino in Konawa, 60 miles southeast of Oklahoma City.
Seminole Nation Casinos – Trading Post Casino in Wewoka, 60 miles east of Oklahoma City.
Southwind Casino Braman, 106 miles north of Oklahoma City.
Southwind Casino Kanza in Braman, 106 miles north of Oklahoma City.
Southwind Casino Newkirk, 106 miles north of Oklahoma City.
The Stables Casino in Miami, 89 miles northeast of Tulsa.
Stone Wolf Casino in Pawnee, 106 miles north of Oklahoma City.
Sugar Creek Casino in Hinton, 55 miles west of Oklahoma City.
Texoma Casino in Kingston, 130 miles south of Oklahoma City.
The Black Hawk Casino in Shawnee, 40 miles east of Oklahoma City.
Thunderbird Casino Norman, 21 miles south of Oklahoma City.
Thunderbird Casino Shawnee, 38 miles east of Oklahoma City.
Tonkawa Gasino, 91 miles north of Oklahoma City.
Tonkawa Hotel & Casino, 91 miles north of Oklahoma City.
Trading Post Casino Pawnee, 57 miles northwest of Tulsa.
Treasure Valley Casino & Hotel in Davis, 75 miles south of Oklahoma City.
Washita Casino in Paoli, 52 miles south of Oklahoma City.
WinStar World Casino and Resort in Thackerville, 124 miles south of Oklahoma City.

Other Gambling Establishments

As an alternative to enjoying Oklahoma slot machine casino gambling, consider exploring casino options in a nearby state. Bordering Oklahoma is:

North: Colorado Slots and Kansas Slots
East: Arkansas Slots and Missouri Slots
South: Texas Slots
West: New Mexico Slots

Each of the links above will take you to my blog for that neighboring U.S. state to Oklahoma.

Our Oklahoma Slots Facebook Group

Are you interested in sharing and learning with other slots enthusiasts in Oklahoma? If so, join our new Oklahoma slots community on Facebook. All you’ll need is a Facebook profile to join this closed Facebook Group freely.

There, you’ll be able to privately share your slots experiences as well as chat with players about slots gambling in Oklahoma. Join us!

Payout Returns in Oklahoma

No theoretical payout limits are legally set by Oklahoma’s state-tribal compacts. Further, no return statistics are publicly available.

Summary of Oklahoma Slot Machine Casino Gambling in 2020

Oklahoma slot machine casino gambling consists of over a hundred tribal facilities with electronic gaming machines existing as casino resorts, casinos, convenience stores, travel centers, bingo halls, and more.

Gaming regulations come from a generic tribal-state compact, used by 31 tribes in Oklahoma to legalize Class II bingo-style and Class III Las Vegas-style gaming. It does not include theoretical payout limits nor require that tribes make return statistics publicly available.

Annual Progress in Oklahoma Slot Machine Casino Gambling

Over the last year, Bordertown Casino and Arena closed when the Eastern Shawnee Tribe decided to reassess its business plans and close the facility in December 2019. Also, the Texoma Gaming Center in Kingston became the Texoma Casino.

Average Payout On Slot Machines Jackpots

In early 2020, Governor Kevin Stitt of the State of Oklahoma demanded the state’s tribes update their tribal-state compacts. At issue was an attempt to improve the state’s gaming revenue by increasing income from exclusivity payments for monopoly casino rights. Ultimately, Oklahoma’s tribes united against the Governor, resolving the “bitter feud.”

Casino Payout Percentages By State

Spinning-reel slots, in particular, are profit juggernauts for most casinos, outperforming table games like blackjack, video poker machines, and other forms of gambling.

What about slot machines makes them such reliable money makers? In part, it has something to do with casinos’ ability to hide their true price from even the savviest of gamblers.

The Price of a Slot

An important economic theory holds that when the price of something goes up, demand for it tends to fall.

But that depends on price transparency, which exists for most of the day-to-day purchases we make. That is, other than visits to the doctor’s office and possibly the auto mechanic, we know the price of most products and services before we decide to pay for them.

Slots may be even worse than the doctor’s office, in that most of us will never know the true price of our wagers. Which means the law of supply and demand breaks down.

Casino operators usually think of price in terms of what is known as the average or expected house advantage on each bet placed by players. Basically, it’s the long-term edge that is built into the game. For an individual player, his or her limited interaction with the game will result in a “price” that looks a lot different.

For example, consider a game with a 10-percent house advantage — which is fairly typical. This means that over the long run, the game will return 10 percent of all wagers it accepts to the casino that owns it. So if it accepts $1 million in wagers over 2 million spins, it would be expected to pay out $900,000, resulting in a casino gain of $100,000. Thus, from the management’s perspective, the “price” it charges is the 10 percent it expects to collect from gamblers over time.

Individual players, however, will likely define price as the cost of the spin. For example, if a player bets $1, spins the reels, and receives no payout, that’ll be the price — not 10 cents.

So who is correct? Both, in a way. While the game has certainly collected $1 from the player, management knows that eventually 90 cents of that will be dispensed to other players.

A player could never know this, however, given he will only be playing for an hour or two, during which he may hope a large payout will make up for his many losses and then some. And at this rate of play, it could take years of playing a single slot machine for the casino’s long-term advantage to become evident.

Slot Payouts By Casino

Short-Term vs. Long-Term

This difference in price perspective is rooted in the gap between the short-term view of the players and the long-term view of management. This is one of the lessons I’ve learned in my more than three decades in the gambling industry analyzing the performance of casino games and as a researcher studying them.

Let’s consider George, who just got his paycheck and heads to the casino with $80 to spend over an hour on a Tuesday night. There are basically three outcomes: He loses everything, hits a considerable jackpot and wins big, or makes or loses a little but manages to walk away before the odds turn decidedly against him.

Of course, the first outcome is far more common than the other two — it has to be for the casino to maintain its house advantage. The funds to pay big jackpots come from frequent losers (who get wiped out). Without all these losers, there can be no big winners — which is why so many people play in the first place.

Specifically, the sum of all the individual losses is used to fund the big jackpots. Therefore, to provide enticing jackpots, many players must lose all of their Tuesday night bankroll.

What is less obvious to many is that the long-term experience rarely occurs at the player level. That is, players rarely lose their $80 in a uniform manner (that is, a rate of 10 percent per spin). If this were the typical slot experience, it would be predictably disappointing. But it would make it very easy for a player to identify the price he’s paying.

Raising the Price

Slot Machine Payout Chart

Ultimately, the casino is selling excitement, which is comprised of hope and variance. Even though a slot may have a modest house advantage from management’s perspective, such as four percent, it can and often does win all of George’s Tuesday night bankroll in short order.

This is primarily due to the variance in the slot machine’s pay table — which lists all the winning symbol combinations and the number of credits awarded for each one. While the pay table is visible to the player, the probability of producing each winning symbol combination remains hidden. Of course, these probabilities are a critical determinant of the house advantage — that is, the long-term price of the wager.

This rare ability to hide the price of a good or service offers an opportunity for casino management to raise the price without notifying the players — if they can get away with it.

Casino managers are under tremendous pressure to maximize their all-important slot revenue, but they do not want to kill the golden goose by raising the “price” too much. If players are able to detect these concealed price increases simply by playing the games, then they may choose to play at another casino.

This terrifies casino operators, as it is difficult and expensive to recover from perceptions of a high-priced slot product.

Average Payout On Slot Machines For Sale

Getting Away With It

Consequently, many operators resist increasing the house advantages of their slot machines, believing that players can detect these price shocks.

Our new research, however, has found that increases in the casino advantage have produced significant gains in revenue with no signs of detection even by savvy players. In multiple comparisons of two otherwise identical reel games, the high-priced games produced significantly greater revenue for the casino. These findings were confirmed in a second study.

Further analysis revealed no evidence of play migration from the high-priced games, despite the fact their low-priced counterparts were located a mere three feet away.

Average Payout On Slot Machines Without

Importantly, these results occurred in spite of the egregious economic disincentive to play the high-priced games. That is, the visible pay tables were identical on both the high- and low-priced games, within each of the two-game pairings. The only difference was the concealed probabilities of each payout.

Armed with this knowledge, management may be more willing to increase prices. And for price-sensitive gamblers, reel slot machines may become something to avoid.

Average Payout On Slot Machines Cost

This article was originally published on The Conversation by Anthony Frederick Lucas. Read the original article here.