Payback Percentage – This is the biggest difference between gambling at regular casinos and Indian reservations. In many states (Connecticut is a notable exception), Native American -Indian- casinos are not required to report their payback percentages, which means the number could be decidedly unfriendly to the player. What About the Casinos That Advertise a Specific Payback Percentage? Some casinos advertise a specific payback percentage. This is almost always stated as an “up to” number. So you might see an ad for a casino that says, “Payback percentages up to 98%!” They’re almost certainly telling the truth, too. Tribal casinos pay back an average of 95 percent to 96 percent, keeping only 4 percent or 5 percent and depending on high volume, meaning heavy play at the machines, to make a profit, Miranda said. "If we had 80 percent payout games, our customers would be flocking to Nevada," he said. Indian casinos are regulated by the federal government via the Indian Gaming Regulatory Act, and also by the state if the tribe has negotiated a compact with the state in order to offer Class III games. Long-term paybacks at Native American casinos aren't necessarily lower than those at corporate casinos. But jobs at Indian Casinos are low-paying and lag behind national wages for the same group of workers. Not every Indian gets money from casino profits. Whereas other gambling institutions may do as their stakeholders please with their net profits, tribal nations must follow strict rules. The Indian Casino nearest to me has a LOT of blackjack tables, and not one of them is 6:5. I have heard many complaints over the years that their slots are a LOT tighter than Vegas, in general.However, I don't know of any way to prove or disprove that. Image Credit: www.opensecrets.org. In 2017, Indian gaming revenues increased 3.9% up to $32.4 billion dollars.By comparison, the Las Vegas Strip had a revenue of $17.8 billion dollars for rooms All Wisconsin casinos are located on Indian reservations and the Indian tribes are not required to release information on their slot machine percentage paybacks. However, according to the terms of the compact between the state and the tribes "for games not affected by player skill, such as slot machines, the machine is required to return a minimum of 80% and a maximum of 100% of the amount wagered." For example, if a casino was to report that its slot machines paid out 96.5% over the course of a month, then we know that of all the money wagered on slots during that period, 96.5% of it was returned to players in the form of winnings. For example, machines that require $1 or more generally pay out 95% to 99%, where 25 and 50 cent machines usually pay out 92% to 95%. Be wary of casinos advertising that their machines payout “up to 99.5%.” To make this claim they only have to have one machine that pays out 99.5%. All of the rest can be standard machines.
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