In Nevada for example, the minimum required payback is set at 86%. Some machines will be set to 99%, while the majority will be much lower. Penny slots are set at the lowest which is around 90%, while dollar slots and some video poker machines such as deuces wild have the highest payback at nearly 99%.
These payback amounts are an average and if you play long enough the average will be achieved. Of course you might experience long runs of losses in the process. That is what gambling is all about. The casino and the government agencies that benefit from gambling really do not care. Over the long run they know that they will collect their share of the amounts bet in line with the payback they have set the slot machines to.
Let’s assume you are playing a twenty-five cent video poker machine that is set to 99%. You are betting a total of $1.25 per hand. If you play 20 hands per hour, your betting $25 an hour. If you play for four hours that’s $100. In theory you should have lost only $1.00 on average. Some days you will lose the entire $100, while other days you win a jackpot and go home happy. That’s how gambling works, but on average the casino will always win.
For more details about slot machines, payouts, hold backs etc. Click here.
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