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• 8 Million Dollar Slot Machine Payout Rates
• Million Dollar Slot Machine Vegas
• Slot Machine Payout Chart
• Million Dollar Slot Win

The Las Vegas Strip is no doubt one of the most-popular places to play slot machines. Millions of tourists hit Las Vegas Boulevard every year to spin the reels.

Nov 07, 2015 An Oregon woman landed on the $8 million jackpot while playing the slot machine at a Lucky Eagle Casino, but walked away empty-handed when the casino told her the machine malfunctioned. Nov 05, 2015  One unfortunate woman from Oregon thought that she had hit a slots jackpot worth more than $8.5 million, only to be told moments later that the machine was malfunctioning and that she would.

Most of these gamblers aren’t too concerned about their exact chances of winning. They just want to enjoy fun games and get a few thrills.

Of course, your bankroll stands to last longer when you do choose slots with fair pay. Therefore, you might be interested to know how Vegas Strip slot machines stack up to the competition.

Whether you’re going to Sin City anytime soon, or just thinking about it in the distant future, you’ll want to know the following info on Vegas Strip slots payback.

Nov 05, 2015 One unfortunate woman from Oregon thought that she had hit a slots jackpot worth more than $8.5 million, only to be told moments later that the machine was malfunctioning and that she would.

A Look at Vegas Strip Slots Return to Player (RTP)

The Nevada Gaming Commission (NGC) regularly offers revenue reports on their casino gambling industry. These resources cover gaming wins for the past 12 months, including wins for slot machines.

You can get a composite view on how well Nevada slots pay and their house edges by looking at these reports. You’ll also be able to see a breakdown on prominent jurisdictions within the Silver State.

The NGC’s report breaks down how much the Strip’s slot machines pay based on coin denomination.

Here’s how much the most-popular coin denominations delivered in 2018:

• Penny slots – 88.30% RTP (11.7% house edge)
• Nickel slots – 91.63% RTP (8.37% house edge)
• Quarter slots – 89.40% RTP (10.60% house edge)
• Dollar slots – 92.30% RTP (7.70% house edge)
• Multi denomination – 93.61% RTP (6.39% house edge)

You can see that penny slot machines are at the bottom in terms of payback. They only offered 88.3% RTP, making them one of the worst choices of all casino games in terms of winning.

The multi-denomination machines featured the best rate at 93.61% RTP. You might want to stick with these games on the Strip, given that they both let you change the coin size and offer the best payback.

How Do Vegas Strip Slots Compare to the Rest of Nevada?

Knowing how much Vegas Strip slot machines pay is a great start. However, a reference point is needed to measure if the Strip’s slots do or don’t pay well.

Again, the NGC provides gaming win for the entire state as well as specific areas. These numbers can be pitted against the Vegas Strip’s figures to make a valid comparison.

Here’s how well slots paid throughout the Silver State in 2018:

• Penny slots – 90.0% RTP (10.0% house edge)
• Nickel slots – 94.39% RTP (5.61% house edge)
• Quarter slots – 92.83% RTP (7.17% house edge)
• Dollar slots – 93.61% RTP (6.39% house edge)
• Multi denomination – 94.74% RTP (5.26% house edge)

Comparing the numbers, the Vegas Strip definitely doesn’t pay slots players like Nevada as a whole. All of their coin denominations offer at least 1% lower RTP than the entire state.

The biggest difference can be seen in the quarter slots. The Strip only delivered 89.40% in 2018, while Nevada paid 92.83% overall.

Another large discrepancy can be noticed with nickel slot machines. The Strip delivered just 91.63% against 94.39% for the state.

Numbers Show That Vegas Strip Slots RTP Isn’t So Hot

Vegas Strip slot machines are far from generous. In fact, they’re some of the lowest-paying slots that you’ll find anywhere in the world.

The penny slots are especially awful. They only offered 88.3% RTP last year, which is about as bad as it gets with slot machines.

Penny slots are often thought of as “cheap” games, because they only require one cent per line. But you’re theoretically losing $11.70 for every $100 wagered on Vegas Strip penny games.

Surprisingly, the quarter slots barely paid better than the penny slots. The Vegas Strip’s quarter slot machines offered 89.40% RTP, which is really bad when considering the coin size.

Only nickel, dollar, and multi-denomination slots delivered over 90% RTP. Multi-denomination machines were the best deal at 93.61% payback.

Nickel slot machines paid 91.63% RTP, which is okay by the Vegas Strip’s standards. However, this payout percentage isn’t so great when looking across the board.

Why Don’t Vegas Strip Slot Machines Pay That Much?

The primary reason why Vegas Strip slots fail to offer reasonable payback is because they don’t have to. Casinos on the Strip can feature low slot machine RTP and still draw visitors.

This iconic four-mile stretch is home to some of the world’s most-lavish casinos. Bellagio, Caesars Palace, MGM Grand, and the Wynn are just some of the headlining establishments on the Strip.

Las Vegas Boulevard also offers many other attractions that draw tourists. The Park, LINQ Promenade, Neon Museum, and Fountain of Bellagio are some of the spectacles located here.

Few people go to the Vegas Strip in search of the highest-paying slot machines. The small number that do would be severely disappointed upon seeing the numbers.

The Vegas Strip is instead about the experience, with gambling mixed into the equation. Slot machines found here could probably pay even less, yet millions would still gamble on this famed boulevard every year.

But the fact remains that the Strip doesn’t offer good slots payback. It lags behind many other areas of Vegas and the rest of the state.

Vegas’ Boulder Strip exemplifies what good land-based slots payback should be. They offer some of the best-paying slots in the country.

Here’s the Boulder Strip’s slots RTP for 2018:

• Penny slots – 90.21% RTP (9.79% house edge)
• Nickel slots – 96.23% RTP (3.77% house edge)
• Quarter slots – 95.93% RTP (4.07% house edge)
• Dollar slots – 95.13% RTP (4.87% house edge)
• Multi denomination – 95.42% RTP (4.58% house edge)

You can see a tremendous difference between slots payout percentages on the Vegas Strip and Boulder Strip. The latter offers around 2% or higher RTP with every coin denomination.

A glaring difference can be seen in how much each location pays on quarter slots. The Boulder Strip delivered 95.93% RTP in 2018 — over 6.5% higher than what the Strip paid.

Another notable difference included nickel slots RTP. The Boulder Strip featured 96.23% payback, versus just 91.63% for Las Vegas Boulevard.

However, the numbers are far enough apart to show that the Boulder Strip offers a much-better deal. The Vegas Strip, meanwhile, lags behind the state. But you also have to remember that Boulder Highway doesn’t exactly have the same ring to it.

The Eastside Cannery Casino Hotel, Sam’s Town Gambling Hall, and Boulder Station are all popular casinos. They just don’t have anywhere the amenities as a Bellagio or MGM Grand. You therefore want to consider if the higher slots RTP is worth it.

Getting the Most Bang for Your Slots Buck on the Strip

The Strip isn’t the greatest gambling destination in terms of slot machine RTP. But again, it’s not defined by offering great chances to win at casino games.

Las Vegas Boulevard is instead an all-around entertainment hub that gives you the opportunity to gamble. Nevertheless, you should at least know which games will help stretch your bankroll further.

The best deal is multi-denomination slots for two reasons:

1. They offered an average of 93.61% RTP last year.
2. These machines let you choose the coin size.

You should definitely seek out multi-denomination games when you’re in Vegas. They offered at least 1.31% higher RTP than the rest of the slots last year.

Dollar slot machines are your next-best bet purely in terms of payback. They delivered 92.30% RTP. But you’ll actually get more play out of nickel slots.

Here’s a theoretical comparison between both slots to show the difference:

• You perform 1,000 spins on dollar slot machines.
• House edge is 7.67%.
• 1,000 x 1 = $1,000 in total bets
• 1,000 x 0.0767 = $76.70 in losses on dollar games
• You perform 1,000 spins on nickel slot machines.
• House edge is 8.37%.
• 1,000 x 0.05 = $50 in total bets
• 50 x 0.0837 = $4.19 in losses on nickel games

The theoretical losses with both types of slots can differ when there are varying amounts of paylines involves. But if all lines are equal, then the nickel games are cheaper.

The same can be said of penny slot machines when compared to nickel slots. They only charge one cent per line, meaning they’re fairly cheap to play.

However, RTP is the problem with penny games. You have to weigh whether it’s worth facing 3.3% lower RTP with penny slots just to enjoy lower risk on a per-bet basis.

Do Some Bankroll Calculations Before Visiting the Vegas Strip

Slot machines aren’t cheap on the Vegas Strip. Penny slot machines are especially expensive, boasting an average house advantage of 11.70% last year.

You therefore want to have a strategy in place for handling your gambling funds before leaving for your trip. The first order of business is to make sure that you don’t bet money you can’t afford to lose.

A good way to do this is by going through your bills and figuring out how much free money you have each week or month.
You can then set aside a percentage of this amount (some should be used for savings) for a slots bankroll.

The next step is to think about important variables, such as your spins per hour, average bet, and hourly losses. You can either come up with these estimates by tracking them yourself or merely thinking about the proper numbers.

Most slots players spin the reels between 500 and 700 times per hour, depending upon breaks. You likely fall somewhere in this range too.

Your average bet size should be fairly easy to figure out. You probably have a typical wager size, such as $0.25 or $0.50.

Hourly losses can be difficult to determine, because they change based on the volatility and house edge of the games you’re dealing with. But a nice round number to consider is 250 lost bets per hour.

You’ll probably lose around 250 wagers each hour until you’re able to hit some big payouts. If you’re wagering $0.50 per spin, this equals $125 in losses per hour.

The final step is to run the variables and figure out how long your bankroll should last. The goal is to get an idea on if you should bring more money or make smaller bets to extend your entertainment.

Here’s an Example:

• You have a $1,000 bankroll
• Your average bet size is $0.25
• 1,000 / 0.25 = 4,000 total bets
• You lose 250 bets an hour
• 4,000 / 250 = 16
• Your bankroll will theoretically last for 16 hours

Slot machines are so unpredictable that it’s tough to determine if your bankroll will last X amount of hours, even with in-depth calculations.

But you can at least get a nice estimate on how long your bankroll will hold up. Of course, you could also win some huge payouts and be up big at the end of your session.

Play Some Online Slots on Your Vegas Trip

You’re probably heavily into the land-based casino experience if you want to play slots on the Vegas Strip. But you might try mixing up your play with online slots during the excursion.

Internet slots pay far better than those on the Vegas Strip or in any other land-based casino destination. The average online slot offers around 95% or 96% RTP, which is unrivaled in most brick-and-mortar casino hubs.

The aforementioned Boulder Strip is about the only place that compares to internet slots RTP. Even then, you have to bet at least a nickel per line to play games with 95% payback.

Again, you probably aren’t going to the Vegas Strip to sit in your hotel room and play online slots. But you might consider lounging around the hotel, a bar, or elsewhere and spinning the cyber reels for a little bit to preserve your bankroll.

Conclusion

It would be great if you could enjoy the amenities of a Mandalay Bay or Wynn and have a great change to beat slot machines. Unfortunately, you can’t because Vegas Strip casinos don’t offer great slots RTP.

Multi-denomination games led the way with 93.61% payback in 2018. But this figure is nothing to get excited about in the overall scheme of things.

Penny slot machines paid just 88.30% RTP on average last year. You’d therefore be facing an 11.70% house edge with the average penny slot, which is horrible.

You’ll get an okay deal with dollar slots (92.30% RTP). Then again, betting $1 per spin and still facing low payback isn’t anybody’s vision of gambling bliss.

The truth is that you should head elsewhere in Vegas, such as Boulder Highway, if you want the best chance to win. The Boulder Strip offered over 95% RTP for all of its denominations, except penny games, in 2018.

You can also play online slots on the side during your trip enjoy the best payout percentages of all. Of course, the key drawback here is that internet slots don’t offer the same experience as land-based casinos.

Overall, you can’t go into a Vegas Strip casino expecting to beat the slot machines. They just don’t pay enough to give you a strong chance of winning.

What you can do, though, is combine proper bankroll management with reasonable expectations. Performing bankroll calculations helps you go into each slots session with a realistic mindset. This process also keeps you from betting money that you can’t afford to lose.

Return to player (RTP) is one of the most-important concepts to slots players. Payback determines how much the average player wins from a slot machine.

A slots game with 95% RTP, for example, would theoretically deliver $0.95 back for every $1 wagered. A slot machine with 88% payback would only offer $0.88 for each dollar wagered.

Gamblers want to know slots’ RTP for obvious reasons. Knowing a machine’s payout percentage provides an indication on your long-term odds of winning.

But one of the most-common fears is that casinos can simply change slots odds whenever they feel like it. Many gamblers are convinced that casinos alter RTP for a variety of reasons, whether it’s to lower payback during busy hours or simply earn more overall profits.

This fear seems valid when considering that players don’t see the inner workings of slot machines. But are casinos really able to alter payback on a whim?

I’m going to discuss this matter by looking at how casinos change RTP, common beliefs on the subject and casino limitations in controlling payback.

Slot machine RTP is determined by the pay table and how often each prize is programmed to hit.

The pay schedule shows how many credits each symbol combination delivers. The pay table only tells so much, though, and doesn’t show how often each payout is programmed hit.

A random number generator (RNG) ultimately determines which symbol combinations come up on each spin. Contrary to common opinion, the RNG does not determine payback.

Instead, this program merely cycles through different symbol combinations to determine the results of your spin. The RNG is more likely to include symbols that have a higher number of stops.

An RNG has no recollection of what happens on your previous spins. Instead, its main job is to come up with random results.

Again, icons with many stops will be chosen by the RNG more frequently than other symbols.

Casinos don’t need to worry about programming payout percentages — this is the game developer’s job. Instead, they simply consider what RTP they want to order for a given game.

Providers give land-based casinos a number of options to choose from when ordering payback.

Here’s an example:

• MGM Grand wants to order Aristocrat’s Game of Thrones.
• Aristocrat offers RTP choices of 88.0%, 90.0%, 92.0%, and 94.0%.
• MGM selects the version with 92.0% payback.

Online slots developers usually offer a uniform RTP for any game that they produce. Internet casinos that license their slots are then forced to use the provider’s chosen payout percentage.

But a minority of online slots providers do let casinos choose from preset RTP amounts (covered later).

How casinos change payout percentages depends upon the style of game. Payback for most land-based slot machines is determined by the EPROM chip located inside.

A gambling establishment can alter a machine’s RTP as long as they have the EPROM chip, which is sometimes the case. Theoretically, any casino that has these chips can change payback whenever they like.

The catch, though, is that many gambling jurisdictions require the casinos to report when they alter a game’s RTP. This process requires that a casino manager spends time filling out paperwork.

Some slot machines operate on downloadable software, which comes from a central server. In these cases, the casino doesn’t have to open a game and change a chip.

Instead, they can simply download the software to alter RTP. But just as with replacing an EPROM chip, casinos need to follow their jurisdiction’s guidelines when changing server-based payout percentages.

For starters, gambling venues can’t make these changes when somebody is playing a machine. Furthermore, they have to wait a certain amount of time before altering any game settings.

What’s the Common Belief about Casinos Changing Slots Payback?

Some slots players believe that casino owners and management can change RTP across the board by simply flipping a switch. This theory has been furthered propelled bythe rise of video slots.

Very few land-based slot machines operate on mechanical reels and levers these days. Instead, casinos mainly feature video slots that run through software programs.

Of course, gamblers’ fears are only magnified when dealing with online casinos. These websites are headquartered far away from most players, leading to concerns that internet casinos can do anything they want to slots payback without anybody knowing.

But what else beyond suspected greed leads players to believe that casinos will cheat them through lower RTP?

A driving force behind conspiracy theories is how slot machines are the streakiest casino game. Most slots only see players win around 20-40% of their spins, even with every payline activated.

Such low hit frequency leads gamblers to experience long losing streaks. In turn, these cold streaks cause players to theorize that casinos have changed RTP.

What’s the Real Story Behind Casinos’ Ability to Alter RTP?

Contrary to what some players believe, casinos don’t simply alter payout percentages whenever they feel like winning more money. Instead, gambling venues must go through the proper channels.

Earlier I covered how many jurisdictions require casinos to submit paperwork before changing the EPROM chip inside a slot machine.

Not only does an important employee waste time filling out paperwork and sending it to the local gambling control commission, but the casino must also pay for another EPROM chip. These chips are expensive, meaning it’s not economically viable to continue changing RTP.

Of course, server-based slot machines can be altered faster without opening machines. But there are deterrents from doing this as well.

Some Las Vegas slot machines are so popular that they have people standing off to the side waiting to play. Therefore, casinos can’t change RTP for these games until things slow down in the middle of the night.

More importantly, gambling establishments don’t like tying up games and preventing people from playing. This creates another situation where it doesn’t make economic sense to put games down for maintenance just to constantly change payback.

Casino employees’ time is valuable, especially with regard to managers. It would be a waste of resources and manpower to alter RTP from machine to machine.

Of course, none of this subsides fears that online casinos can change payout percentages as they please. But gaming sites face roadblocks in this regard too.

In fewer cases, online casinos can choose from different RTP options just like land-based establishments. Realtime Gaming (RTG) commonly does this by offering their clients payout percentages ranging from 91.0% to 97.5%.

Casinos must decide on the chosen payback when ordering a certain game. They can’t, however, ask RTG to change payout percentages back and forth every day.

RTG allows gaming sites to choose from different payout percentages due to the various bonuses offered through their software setup. RTG offers total casino packages where they handle the bonuses, games, and more. Clients have some flexibility here and can either choose high bonuses with low slots RTP or vice versa.

In any case, you can see that there’s nothing nefarious going on with the average online casino and game provider. This is especially true when considering that many slots developers and casinos undergo third-party auditing to ensure that their games offer fair and random results.

Is there Any Truth to the Idea That Casinos Can Change Payback with a Switch?

Earlier I mentioned how some players believe that casinos can merely flip a switch to change all of their slot machines’ RTP.

I dismiss this idea, because casinos need to go through the proper channels to change payback. But is there any shred of truth to the switch-flipping concept?

A 2006 New York Times piece offers evidence that it’s possible for casinos to quickly change RTP for many different games.

This article revolves around a Treasure Island casino executive named Justin Beltram, who discusses how his casino was undergoing a technology experiment at the time.

The piece reads that “with a few clicks of his mouse” Beltram can reprogram the “denominations required to play, payback percentages, even game themes” for all of Treasure Island’s 1,790 slot machines.

Much of the article deals with how easy it is to change settings in server-based slots versus the EPROM-chip games. Beltram notes that he could change a game’s settings within “20 seconds” using this technology, compared to the lengthy and complicated process of opening machines to alter settings.

The executive also squashed the notion that his casino would abuse this power to win more money from players. Beltram insists that such practices would be bad for business and possibly lead to trouble with gaming regulators.

David G. Schwartz, director for UNLV’s Center for Gaming Research, did express concerns about casinos changing payback through servers. “Let’s say you’re playing at 2 and you’re doing great and you come back at 6 and the pay tables have changed,” explains Schwartz.

While this is a valid concern, lowering odds and causing players to lose more is counterproductive to business. Nobody wants to play at a casino where they think that the odds are stacked against them.

Overall, the article suggests that while it’s possible for casinos to quickly change slots payback with server technology, this concept is more about meeting customer demands than anything.

Long story short, casino managers don’t have time to sit in their back office and switch RTP every time that they see somebody winning. Casinos already have the edge over players, and it’s not worth the time or repercussions to con gamblers.

The thought that casinos instantaneously change all of their slots payback is only one misbelief regarding the subject. Here are a few more myths surrounding how casinos handle slots RTP.

Slots Payback Happens on a Cycle

Some gamblers are convinced that slots payout percentages happen on a cycle. This idea stems from the belief that slot machines are programmed to offer payouts at specific intervals.

Here’s an example of how one might conceptualize this:

• Jackpot pays exactly once every 1 million spins.
• 1,000-coin prize pays every 250,000 spins.
• 500-coin prize pays every 50,000 spins.
• 100-coin prize pays every 10,000 spins.
• 50-coin prize pays every 5,000 spins.
• 5-coin prize pays every 50 spins.
• 1-coin prize pays every 10 spins.

Players who believe that slot machines work like this often think that they can win a jackpot by playing at the right point. They look for a jackpot that hasn’t been won in a while and start playing in hopes that the game is nearing the end of its payout cycle.

But slots results are determined by an RNG, which has no recollection of previous payouts and merely continues generating random results.

Jackpots and other payouts are programmed with specific odds. Certain jackpots may very well be programmed to pay every 1 million spins on average.

But the key is that this prize doesn’t have to pay out after exactly 1 million rounds. Instead, the jackpot can hit at 500k spins or 2 million spins.

Casinos Change RTP during the Day and Night

Another common slots myth is that casinos alter payout percentages throughout the day. This theory is based on the logic that slot machines are more generous during the less-busy day hours and tighter during the busier evening hours.

8 Million Dollar Slot Machine Payout Rates

It makes sense to believe that casinos would tighten payback when they have more slots customers. Doing so would enable them to earn far more profits.

If a slot has a 5% house edge, this means that casinos are winning a nickel for every dollar wagered by players. Assuming a gambler bets $600 per hour, the casino is making $30 on average (600 x 0.05).

The last thing a gambling establishment wants to do is lower payback and discourage people from playing during busy hours.

Many gamblers already become suspicious that payback has changed when they go through cold streaks. Casinos don’t want to add fuel to this fire by actually altering RTP just to increase an advantage that they already have.

Native American Casinos can Do Whatever They Want

I’ve covered the limitations facing gaming sites and commercial land-based casinos when altering slots payout percentages. But what about Native American casinos?

Some slots players believe that US tribal casinos can do whatever they want, because they’re located on sovereign ground. The reality, though, is that Native American casinos don’t have as much free rein as people think.

These casinos must comply with gambling regulations set forth by the tribe’s gambling commission. These standards are defined by negotiations between tribes and the state where they’re located.

Once the state and tribe come to an agreement, the pact must be approved by the US Department of the Interior.

Contrary to some players’ opinions, Native American gambling venues don’t make rules as they go and change slots payback whenever. Instead, they too have regulations that are discussed and approved by multiple parties.

Many gamblers picture casinos fiendishly lowering slots RTP to maximize their profits. But these theories are the result of misunderstandings about how the gambling industry works.

Most land-based and online casinos operate in jurisdictions that impose restrictions on alerting payout percentages. Some jurisdictions go as far as to require paperwork every time that casinos want to change RTP.

In other cases, gambling venues can quickly change payback through server technology. Even this comes with restrictions, though, including a machine being down while the casino changes payback.

Million Dollar Slot Machine Vegas

You can generally assume that most land-based slot machines offer anywhere from 88% to 95% RTP. Penny and nickel slots comprise the lower end, while quarter denominations and above constitute the higher end.

Online slots usually deliver between 95% and 97% payback. You can google individual slots or game providers to research online payout percentages.

You have little reason to fear casinos lowering RTP to a ridiculously small percentage. They have too much at stake if they’re caught, and gambling jurisdictions have rules against doing so.

Slot Machine Payout Chart

Million Dollar Slot Win