December 30, 2015

Casinos Raise Slot Payout Percentages

According to a Boston Globe report, due to increased competition, New England casinos are substantially increasing the number of jackpots their slot machines are paying out.

Casino managers are able to change the mathematical formulas used to determine a player’s chance of winning. The Globe, based on data the casinos provided to state regulators between July 1 and October 31, reported that the Foxwoods’ average payout percentage was 91.98%, which was the highest in almost 20 years.  The Mohegan Sun’s payout was 91.79%, the highest since 2010.

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