Slots Of Vegas Payout Reviews
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.
Las Vegas: slot machine payouts - See 2,588,755 traveler reviews, 69,174 candid photos, and great deals for Las Vegas, NV, at Tripadvisor. The most fruitful games, when it comes to odds and cost, are the nickel and quarter slots. In June, nickel slots had a win percentage of 94.2% while quarter slots paid back 93.06%. Next to Megabucks, penny slots have the worst win percentage, returning 88.83%. Casinos with the Most Slots in Las Vegas The Orleans Hotel and Casino. Bookie of Odds Slot Review. The Bookie of Odds online slot by Microgaming is a fun horse racing-themed slot. You can line-up horses and bookies to win prizes. After each spin, you’ll also have the option to. Slot of Vegas really does aim to keep players coming back as there are so many great bonuses to take advantage of at the casino. It all starts off with the new player sign up bonus, of which there are two. The first is a 250% match deposit bonus on up to $5000 and 50 free spins that can only be used on Slots of Vegas Casino slots and keno. No longer do players have to travel to Las Vegas to play the best slots that payout big. Slots of Vegas casino caters to that market. They provide top-notch gambling games online similar to the ones.
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.
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:
- They offered an average of 93.61% RTP last year.
- 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.
When you visit a casino, all the action appears to be happening at the tables. But when it comes to ease of play and popularity, slots come out on top. In fact, casinos dedicate roughly 80% of their gaming floor to slots. Only 20% is for table games.
The reason? Slots are more popular and account for more revenue than all other gambling sources combined. And for good reason. Playing a slot machine doesn’t require any gambling knowledge. On top of that, you can bet as little as $0.01.
What slots and table games have in common, however, is the enforcement of a withholding tax. If you’re one of the millions who visits Las Vegas annually, you need to remember that your winnings could be subject to a 30% withholding tax by the Internal Revenue Service (IRS).
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Fortunately, Refund Management Services (RMS) can help you reclaim a portion or all of your withheld winnings.
Finding the Loosest Slots in Las Vegas
It’s not hard to find a slot machine in Nevada. In fact, there are over 490,000 slots and gaming machines in Clark County alone (the county where you find Las Vegas). And they’re not just located in casinos. You can find slot machines in the airport, gas stations, and convenience stores.
What is hard, though, is finding slot machines with the best payouts. After all, no one likes to go into a casino and lose $100 on the slots in 30 minutes. The goal is to win, or at least make your money last longer.
Thanks to increased competition in gambling hubs like Las Vegas, Reno, and Atlantic City, casino operators are battling for customers. To keep customers coming back, many casinos are increasing the number of jackpots at their slot machines.
All slot machines work on a payback percentage that the casinos can set. They can make a slot machine tight or loose. Loose slot machines increase the chances of a player hitting a payout. This creates excitement and helps keep players in their seats on the gambling floor.
For slots aficionados, it’s all about finding the loose machines. Not surprisingly, casinos do not advertise which machines are loose or the payout percentages of individual machines.
But that doesn’t mean you can’t do a little digging and find out which kinds of slot machines have the biggest win percentages. It turns out, you need to spend money to make money in Las Vegas.
Best Slots to Play in Las Vegas
Statistics from the Nevada Gaming Control Board show which slots offer the best payouts in the order of the denomination played. In June 2016 in Clark County, Megabucks progressive slots posted the worst win percentage at 85.15%.1
What that means is, for every $100 you spend, you can expect to win $85.15. Megabucks progressive slots generally have the worst win percentage because the huge jackpot outweighs the bad odds.
The best win percentages came from high-roller slots. Slots that accept denominations of $5, $25, and $100 returned 94.05%, 94.97%, and 94.35%, respectively. While you can lose your money faster with high-roller slots, the payout percentages are always better (on all slots regardless of the denomination) if you get the maximum amount on each spin.
The most fruitful games, when it comes to odds and cost, are the nickel and quarter slots. In June, nickel slots had a win percentage of 94.2% while quarter slots paid back 93.06%. Next to Megabucks, penny slots have the worst win percentage, returning 88.83%.
Casinos with the Most Slots in Las Vegas
The Orleans Hotel and Casino
The Orleans is a Mardi Gras-themed casino hotel located a few minutes west of the Strip. The casino floor covers 137,000 square feet and has over 2,600 slot machines. There is also a high-limit slot salon.2
The casino also has over 60 table games and a 35-table poker room. You can also find a seat in the 125-person race and sports book with 13 betting windows.
MGM Grand Las Vegas
The MGM Grand is located at the south end of the Strip. It’s easy to spot the MGM Grand casino—it’s a massive emerald-coloured complex with a 45-foot bronze lion out front.
The MGM Grand covers over 170,000 square feet and has 3,000 slot machines (with denominations ranging from $0.01 to $1,000. There are also around 200 table games, a 24-hour poker room, and a race and sports book.3
Sam’s Town Hotel and Gambling Hall
Sam’s is a sprawling casino resort 10 km east of the Strip. The 120,000-square-foot casino is spread out over three floors where you’ll find over 3,100 slot machines, 50 table games, an 11-table poker room, a 570-seat bingo room, and a 60-screen race and sports book.4
Casino Slot Winnings Subject to 30% Withholding Tax
Non-U.S. residents who win a significant amount of money playing the slots at any casino or gaming facility in the United States are subject to a 30% withholding tax by the IRS.
In the U.S., winnings from casino games and other games of chance (racetrack, game show) are considered income. If you win $2,000 playing the slots, the casino will pay you $1,400. The IRS keeps the rest. But if you live in a country like Canada, which has signed a U.S. tax treaty, you may be eligible for a refund.
There are a number of countries that currently do not have a U.S. tax treaty. However, if you reside in any of the following countries, you could still be eligible for a refund: Australia, Bahrain, Barbados, Brazil, China, India, Indonesia, Israel, Kuwait, Mexico, Malaysia, Monaco, New Zealand, Norway, Saudi Arabia, Singapore, South Korea, Switzerland, Taiwan, Thailand, and the U.A.E.
To see if you meet the criteria and are eligible to get some or all of your withholding tax back, contact RMS.
RMS, the Easiest Way to Get Your 30% Withholding Tax Back
If you’ve visited the U.S. and had 30% of your casino winnings held back by the IRS, Refund Management Services (RMS) can help you reclaim a portion or all of your taxable winnings.
Founded by a Canadian chartered accountant, RMS is Canada’s most reliable and experienced gaming and casino tax refund provider. Over the years, RMS has helped thousands of people around the world recover taxes on their U.S. gaming wins. We’ve also never been refused an eligible refund.
Only RMS has the One Simple StepTM process with an easy online form to fill out. After you complete the form, our customer service agents take care of the rest, processing and submitting it to the IRS. It can take a minimum of one year for the IRS to review the claim and for RMS to receive the refund.
Contact RMS today by calling our toll-free number at 1-855-860-2610 or by e-mailing us at [email protected].
Sources:
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1. “June Gaming Revenue Report,” Nevada Gaming Control Board web site; http://gaming.nv.gov/modules/showdocument.aspx?documentid=11262.
2. “Play,” The Orleans Hotel and Casino web site; http://www.orleanscasino.com/play.
3. “Casino,” MGM Grand Las Vegas web site; https://www.mgmgrand.com/en/casino.html.
4. “Play,” Sam’s Town Hotel and Gambling Hall web site; http://www.samstownlv.com/play.