January 2 – Ever since online slots hit the scene, it was generally understood that they offered better payouts than their land-based counterparts. The reason for this was simple – online casinos can afford to offer bigger promotions, bonuses and payouts simply because they don’t share the same overhead costs that land based casinos, especially in Nevada do.
However, an even stronger case was made for the viability of online slots payouts this week after the results of a recent survey were made public. A report in the Las Vegas Sun showed that gamblers who visit popular casinos in the Las Vegas area are sure that these establishments have tightened their slot machines in recent months, thus increasing the advantage that is held by the house and reducing the player’s chance of receiving a payout.
2,300 regular land-based gamblers were interviewed in the survey, commissioned by Anthony Curtis, publisher of the Las Vegas Advisor newsletter. According to the newsletter, those surveyed reported receiving smaller, tighter payouts over the years while statistics cited by the Nevada Control Board also show that slots payouts are on the decline, with less and less payouts being made with each passing year.
Curtis wrote that the some of the decline could be put down to the fact that many slot players are shifting to low budget slot machines because of the recession (thus generating less income for the bigger paying slot games), however he said that there was no way that this could account for the entire drop in slot payouts.
In the meantime, online slots continue to flourish in the industry, where payouts seem to grow and grow with each year.
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