Payouts Down In Casinos Across Pennsylvania

February 25, 2011 9:47 PM

(Photo: KDKA)

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PITTSBURGH (KDKA) — Casinos across Pennsylvania are issuing fewer payouts.

Since the advent of live table games in the state, more gamblers are moving to poker, blackjack and the like.

When it comes to slots, the automated table games, which are considered slots, are being removed from the gambling floor. Penny machines are becoming progressively more popular and more prevalent.

All of that adds up to lower payouts for those playing slot machines.

Under state gaming laws, every slot machine must pay out a minimum of 85 percent of money wagered on it over the life of the machine. The casino can set the payout rate anywhere it wishes above that minimum.

An industry consultant in New Jersey with Spectrum Gaming Group who has been looking at the drop in payouts in Pennsylvania agrees that the introduction of live table games in July changed the dynamics of the gaming floor.

The electronic table games had much higher payouts. Once they were gone, the popular penny and two-cent games offer much lower payouts.

He believes that casinos in the state will continue to tweak the mix of games and payout ratios to stay competitive and give customers what they want.

Payouts Down In Casinos Across Pennsylvania

Queefer Sutherland

I can’t view gambling any other way than as a waste of hard earned money. People are free to participate, and I support the freedom to choose, yet I will never understand the joy people find in throwing away money. Yes, you have the chance of “winning”, I get it. But why take a “chance” with money. Foolish. Casino gambling + lotto tickets = idiot tax. Enough said.

Thrifty Thriftnuts

I couldn’t agree with you more….They’ll never get a dime offa’ me….Watch the old fogies cheerfully waste their “fixed” income

Ishmael

Kind of nice to go to rivers with 10.00 and walk out with 120.00 a half hour later.
Vladimir

Nothing wroing going to Casino if thats like once a week or once in like 20 days, but if youre going more often and spending your whole pay check well that is a problem then. If youre single and spending each month 30% of your pay check to me doesnt seem like a problem.
JP

it is all amatter of choice. you can go or not go. i have been very lucky at the meadows. just be respondable

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