Slot Machine Payouts In Illinois
Posted : admin On 4/2/2022- Slot Machine Payouts In Illinois Yesterday
- Slot Machine Payouts In Illinois
- Slot Machine Payouts In Illinois Today
Many players know all too well about the concept of high-paying slots and low-paying slots. These are not misnomers or fallacies; they are real-life realities. For example, there are slot machine games that are notorious for low payout rates, while there are other slots games that have significantly higher overall payout rates, usually owing to higher coin denominations required to play those slot games. You often hear the terms house advantage or house edge being used interchangeably when it comes to odds in casino games. However, when we are discussing Illinois slot machines games the term that is used by operators is payout percentage. It is essentially the same concept, but it is viewed from a different angle. If you want to know what the basic definition of a payout percentage is, it is simply the house edge subtracted from 100%.
The most famous incident happened in 2015 when 90-year-old grandmother Pauline McKee, from Illinois, won $41 million on a Miss Kitty slot machine at the Isle Casino Hotel Waterloo. Slots.lv Casino - #1 Pick with 100+ Vegas Slots. Slots.lv Casino features more than 100 Vegas style slot machines. The casino is open to free and real money players with games starting as low as one cent up to $125 a spin. The slot machine features include progressives, instant win bonus rounds and in some cases, the slots are highly volatile.
- The Illinois Gaming Board administers a regulatory and tax collection system for casino gambling, video gaming, and sports wagering in Illinois.
- Additionally, the only kind of slot machines allowed are electronic video slot machines. Therefore, you will not find any mechanical slots that have traditional reels - only video screens According to the terms of the compact between the state and the tribes, however, the minimum and maximum payouts are regulated as follows: video poker.
RNGs and Slots Payouts are Linked
The concept of a random number generator is one that needs further illumination in order to understand how payouts of Illinois slot machines work. For the purposes of discussion, a random number generator simply randomizes the outcomes of slot machine games. The random number generator (RNG for short) is a computer program that has been designed and independently tested by third-party authorities affiliated with regulatory bodies to ensure the fairness and randomness of all outcomes. It is important not to confuse the purpose of an RNG and that of the casino’s payout percentage rate. These are two completely different aspects and they are for the most part unrelated to one another.
The casino is responsible for establishing its payout combinations to ensure that it remains profitable. The RNGs feature stops for every combination and every reel, but the payout for any combination hitting is determined by the casino. If you have for example 20 stops which each have an equal possibility of hitting over 3 reels, the calculation would be as follows: 1/20 X 1/20 X 1/20 equals 1/8,000 of all 3 spinning reels to land on a specific stop. Now the actual casino may have a payout for that combination of just 75:1 or 100:1 for example. This brings us to one of the most important aspects of Illinois slot machines and casinos: the payout is always less than the odds of winning.
Typical Payouts and Payout Percentages
A standard online casino will have slot machine payout rates in the region of 95% – 98%. And the reason why these payout rates are so much higher than land-based casinos is a result of lower fixed costs of operations. Since everything is online, there is no need to maintain slot machines, no need to employ scores of personnel, no need to rent facilities other than servers, etc. Another important thing to bear in mind is PARS. Illinois slot machines players will typically not have access to things like this, but it is something that is important in the industry and is known to the casinos themselves. Many players believe that slot machine games which offer higher payout percentages will pay out more, but this is once again also open to interpretation.
Slot Machine Payouts In Illinois Yesterday
Slot Machine Payouts In Illinois
They are VLTs correct? So playing them is a bad idea correct?
They actually call them 'Video Gaming Terminals' (VGTs) because the lottery does not run the game. Regardless of the name, the games are all RNG-driven just like in Vegas and Illinois riverboats. So slots and video poker act exactly the same.
The technical standards of Illinois VGTs may be found here:
http://www.igb.illinois.gov/VideoGaming/Technical%20Standards%20for%20Video%20Gaming%20Terminals%20in%20IL%20v1.3.pdf
But with video poker, the game is usually has lower pay tables than I would like. The law capping a win at $500 hurts the game too since a royal with 5 quarters bet is usually $1000. Also I wouldn't recommend playing VP for more than 5 quarters because of this payout cap. The best video poker I have found so far is 7/5 Super Aces Bonus (97.61% 1-coin; 97.92% 5-Coin). I've found it on IGT games in multiple locations.
Lately, the overall return of these games (includes both slots and video poker; heavily weighted by slots because penny slots are the most popular games) is about 92%. The riverboats are closer to 91% right now. The biggest drawback to the 'bar games' though is that they don't have loyalty programs usually (it is legal for them to have such a setup though) and the atmosphere is nothing close to an actual riverboat.
They actually call them 'Video Gaming Terminals' (VGTs) because the lottery does not run the game. Regardless of the name, the games are all RNG-driven just like in Vegas and Illinois riverboats. So slots and video poker act exactly the same.
The technical standards of Illinois VGTs may be found here:
http://www.igb.illinois.gov/VideoGaming/Technical%20Standards%20for%20Video%20Gaming%20Terminals%20in%20IL%20v1.3.pdf
But with video poker, the game is usually has lower pay tables than I would like. The law capping a win at $500 hurts the game too since a royal with 5 quarters bet is usually $1000. Also I wouldn't recommend playing VP for more than 5 quarters because of this payout cap. The best video poker I have found so far is 7/5 Super Aces Bonus (97.61% 1-coin; 97.92% 5-Coin). I've found it on IGT games in multiple locations.
Lately, the overall return of these games (includes both slots and video poker; heavily weighted by slots because penny slots are the most popular games) is about 92%. The riverboats are closer to 91% right now. The biggest drawback to the 'bar games' though is that they don't have loyalty programs usually (it is legal for them to have such a setup though) and the atmosphere is nothing close to an actual riverboat.
I was hoping you would reply, thanks for the wealth of information on the VGTs. So it sounds like if I find a good game one credit might be my best bet on it? Also do you know of any recourse if the bar 86s the machine so they don't have to pay out?
I was hoping you would reply, thanks for the wealth of information on the VGTs. So it sounds like if I find a good game one credit might be my best bet on it? Also do you know of any recourse if the bar 86s the machine so they don't have to pay out?
Well, one credit pays very similar to five credits for video poker by percentage, and since the games are all negative longterm, I usually just play 7/5 Super Aces for 1 quarter when I briefly play these things when I visit the Chicagoland area. I haven't found a game that's positive, and it's doubtful you ever will. It's against the law for any machine to be > 100% in the long-term. So the only way a game could possibly be positive is if they put a progressive slot game on the units, which I don't think I have found so far.
And I'm not sure what exactly you mean by the latter question. Are you saying when a malfunction in the machine occurs, so they have an issue in paying you? Unfortunately this is probably a more fuzzy area, and resolution of the problem will be a lot more difficult/time intensive than at the riverboats because the bar employees there will be ill-equipped to fix the problem, and will likely have to call the VGT manufacturer to have one of their employees to be sent out to fix the problem. I would assume you would eventually get paid, but I dunno how long it would take. Fortunately, I have never seen a unit malfunction in my limited play on these things so far.
If the bar literally gets rid of their video gaming terminals (has any bar actually done this yet??), then I would expect they would still have to honor any vouchers until their expiration dates. Here is the relative law for this scenario: http://ilga.gov/commission/jcar/admincode/011/011018000N14200R.html
Well, one credit pays very similar to five credits for video poker by percentage, and since the games are all negative longterm, I usually just play 7/5 Super Aces for 1 quarter when I briefly play these things when I visit the Chicagoland area. I haven't found a game that's positive, and it's doubtful you ever will. It's against the law for any machine to be > 100% in the long-term. So the only way a game could possibly be positive is if they put a progressive slot game on the units, which I don't think I have found so far.
And I'm not sure what exactly you mean by the latter question. Are you saying when a malfunction in the machine occurs, so they have an issue in paying you? Unfortunately this is probably a more fuzzy area, and resolution of the problem will be a lot more difficult/time intensive than at the riverboats because the bar employees there will be ill-equipped to fix the problem, and will likely have to call the VGT manufacturer to have one of their employees to be sent out to fix the problem. I would assume you would eventually get paid, but I dunno how long it would take. Fortunately, I have never seen a unit malfunction in my limited play on these things so far.
If the bar literally gets rid of their video gaming terminals (has any bar actually done this yet??), then I would expect they would still have to honor any vouchers until their expiration dates. Here is the relative law for this scenario:
Slot Machine Payouts In Illinois Today
My friend was playing at a bar and hit a couple hundred dollar jackpot, the owner not wanting to pay it out unplugged the bank of machines.
My friend was playing at a bar and hit a couple hundred dollar jackpot, the owner not wanting to pay it out unplugged the bank of machines.
LOL wow. I would have immediately called the phone number on the sign that should be posted on the outside of every gaming area. The game result would be stored in memory for awhile. If this happened last night though, I'm not sure as the minimum requirement is only 10 games of recall (but it could be able to store more). I'd still call this number if I was him. And of course, never play, eat, or drink there again.
http://www.igb.illinois.gov/VideoGaming/VGSignRequirements.pdf
Illinois Gaming Board Hotline: 1-855-494-0237
LOL wow. I would have immediately called the phone number on the sign that should be posted on the outside of every gaming area. The game result would be stored in memory for awhile. If this happened last night though, I'm not sure as the minimum requirement is only 10 games of recall (but it could be able to store more). I'd still call this number if I was him. And of course, never play, eat, or drink there again.
http://www.igb.illinois.gov/VideoGaming/VGSignRequirements.pdf
Illinois Gaming Board Hotline: 1-855-494-0237
He called when it happened, this was about a month ago, though I don't know what exactly came of it. Pretty sure they ended up kicking him out by the end of everything because he was obviously irate. I'm just debating going there and trying my luck and see if the owner is stupid enough to do it again. The bar is literally a minute from my house and I wouldn't mind seeing what I can do with $100 there
He called when it happened, this was about a month ago, though I don't know what exactly came of it. Pretty sure they ended up kicking him out by the end of everything because he was obviously irate. I'm just debating going there and trying my luck and see if the owner is stupid enough to do it again. The bar is literally a minute from my house and I wouldn't mind seeing what I can do with $100 there
I'd probably get kicked out too at some point if it happened to me. And I would probably ask what happened with your friend first. If he didn't get paid, then you're really, really gambling. I have a bad feeling the owner cashed the machine out after the bar was empty. Also if the owner didn't get punished either, then it's definitely possible he'd do it again. I would drive further just to avoid playing there; there are like 5 bars within 5 minutes of my g/f's parents' house for example. But if you still decide to play there, make sure you cashout any sizable hit immediately, and ideally play when the owner wasn't looking. The game I typically play pays $100 for 4 Aces if you bet a quarter. $500 if you bet $1.25, so he would definitely have an incentive to screw me over if he thought he could get away with it.
I'd probably get kicked out too at some point if it happened to me. And I would probably ask what happened with your friend first. If he didn't get paid, then you're really, really gambling. I have a bad feeling the owner cashed the machine out after the bar was empty. Also if the owner didn't get punished either, then it's definitely possible he'd do it again. I would drive further just to avoid playing there; there are like 5 bars within 5 minutes of my g/f's parents' house for example. But if you still decide to play there, make sure you cashout any sizable hit immediately, and ideally play when the owner wasn't looking. The game I typically play pays $100 for 4 Aces if you bet a quarter. $500 if you bet $1.25, so he would definitely have an incentive to screw me over if he thought he could get away with it.
I have a casino within 15 minutes of where I live I am more going to see if he would really do it again and if he does make sure he gets punished for it. The bar in question is a terrible place that draws a terrible crowd. It is the worst...but if I can take money from it I will and if he wants to pull some shady business, I won't let it happen. I will have to check out what games they have and see what the best pay table is, hopefully they have the one you speak of and I can hit a nice 4 aces and see how they handle it.
