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Do Casinos Buy Or Lease Slot Machines
What about slot machines makes them such reliable money makers? In part, it has something to do with casinos’ ability to hide their true price from even the savviest of gamblers. The price of a slot. Casinos can either purchase a slot machine outright or lease it for a set number of years. Gambling establishments are more likely to purchase machines that they think have long-term value. Of course, casinos also need to be prepared to shell out a lot of cash for games. A brand-new slot machine typically costs anywhere from $15,000 to $25,000. Understand what part of the casino you're betting on. Let's start with the games themselves. Casino operators don't develop the slot machines or table games that are in their. Sadly, many of the beautiful, much-loved slot machines of yesterday are no longer with us. Casinos want to squeeze as much out of a slot machine as they can, so many old slot machines which have been removed from the casino floor are sent off to the workshop to be dismantled and used for parts, or otherwise sold as scrap. Historically the slot machines people played had nothing but public domain images and concepts, like lining up 3 cherries or bars of gold. Casinos would buy a machine for perhaps $10,000 from a slot machine manufacturer, then spend $2000 every year or two for a conversion kit to change the game a little bit. The cost might work out to $10 per day per machine for 5 years and the casino might make $30 to $100 per day per slot machine, depending on a whole lot of factors.
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Introduction to Wisconsin Slot Machine Casino Gambling in 2020
Wisconsin slot machine casino gambling consists of 24 tribal casinos. Illegal video gambling machines exist in bars and taverns throughout Wisconsin.
Tribal-state gaming compacts have minimum and maximum theoretical payout limits. Annual return statistics are publicly available for all tribal casinos.
This post continues my weekly State-By-State Slot Machine Casino Gambling Series, an online resource dedicated to guiding slot machine casino gambler to success. Now in its third year, each weekly post reviews slots gambling in a single U.S. state, territory, or federal district.
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Relevant Legal Statutes on Gambling in Wisconsin*
The minimum legal gambling age in Wisconsin depends upon the gambling activity:
- Land-Based Casinos: 21
- Poker Rooms: 18
- Bingo: 18
- Lottery: 18
- Pari-Mutuel Wagering: 18
Tribal casinos in Wisconsin have negotiated tribal-state gaming compacts. However, each city or county must agree to both the development of a local tribal casino as well as the games offered at its site.
Further, many bars and taverns in Wisconsin have illegal video gaming machines. Having up to five machines results in civil forfeiture without legal repercussion while more than five machines are, instead, a criminal offense.
Anyone playing pay-to-play, bar-based slot machines must be at least 21. Otherwise, owners break a different law, this one having severe legal consequences for their business.
Electronic gaming machines in bars and taverns which are free to play with no prizes of any value are not illegal under Wisconsin’s gaming regulations.
*The purpose of this section is to inform the public of state gambling laws and how the laws might apply to various forms of gaming. It is not legal advice.
Slot Machine Private Ownership in Wisconsin
It is legal to own a slot machine privately in Wisconsin if it is 25 years old or older.
Gaming Control Board in Wisconsin
Wisconsin’s Gaming Division has gaming regulatory responsibilities including:
- Licensing procedures
- Background investigations
- Regulatory enforcement activities
The Division’s area of focus for tribal gaming is the Office of Indian Gaming and Regulatory Compliance created by tribal-state gaming compacts. The Office’s purpose is to ensure regulation of Class III games at casinos operated by Wisconsin’s eleven tribes.
Casinos in Wisconsin
There are 24 American Indian tribal casinos in Wisconsin.
The largest casino in Wisconsin is Potawatomi Hotel & Casino with over 2,500 slot machines.
The second-largest casino is Ho-Chunk Gaming Wisconsin Dells with 2,200 slot machines.
Commercial Casinos in Wisconsin
There are no commercial casinos in Wisconsin.
Tribal Casinos in Wisconsin
There are 24 tribal casinos in Wisconsin:
- Bad River Lodge Casino in Odanah, 45 miles east of Duluth.
- Grindstone Creek Casino in Hayward, 140 miles northeast of Minneapolis.
- Ho-Chunk Gaming Black River Falls, 110 miles northwest of Madison.
- Ho-Chunk Gaming Nekoosa, 50 miles north of Wausau.
- Ho-Chunk Gaming Tomah, 81 miles north of Madison.
- Ho-Chunk Gaming Wisconsin Dells in Baraboo, 40 miles northwest of Madison.
- Ho-Chunk Gaming Wittenberg, 30 miles east of Wausau.
- Lake of the Torches Resort Casino in Lac du Flambeau, 225 miles north of Green Bay.
- Legendary Waters Resort & Casino in Red Cliff, 80 miles east of Duluth, Minnesota.
- Menominee Casino Resort in Keshena, 40 miles northwest of Green Bay.
- Mole Lake Casino & Lodge in Mole Lake, 100 miles northwest of Green Bay.
- North Star Mohican Casino Resort in Bowler, 55 miles northwest of Green Bay.
- Oneida Casino – Irene Moore Activity Center (IMAC) in Green Bay.
- Oneida Casino – Main-Airport in Green Bay.
- Oneida Casino – One-Stop Packerland in Green Bay.
- Oneida Casino – Travel Center in Pulaski, 12 northwest of Green Bay.
- Oneida Casino – W. Mason in Green Bay.
- Potawatomi Hotel & Casino in Milwaukee
- Potawatomi Carter Casino Hotel in Wabeno, 85 miles north of Green Bay.
- Sevenwinds Casino, Lodge & Convention Center in Hayward, 75 miles southeast of Duluth, Minnesota.
- St. Croix Casino – Danbury, 62 miles south of Duluth near the border to Minnesota
- St. Croix Casino – Hertel in Webster, 83 miles south of Duluth near the border to Minnesota.
- St. Croix Casino – Turtle Lake, 76 miles northeast of Minneapolis near the border to Minnesota.
Other Gambling Establishments
As an alternative to enjoying Wisconsin slot machine casino gambling, consider exploring casino options in a nearby state. Bordering Wisconsin is:
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- North: Michigan Slots
- East: Lake Michigan
- South: Illinois Slots
- West: Iowa Slots and Minnesota Slots
Each of the links above will take you to my blog for that neighboring U.S. state to Wisconsin.
Our Wisconsin Slots Facebook Group
Are you interested in sharing and learning with other slots enthusiasts in Wisconsin? If so, join our Wisconsin slots community on Facebook. All you’ll need is a Facebook profile to join this closed Facebook Group freely.
There, you’ll be able to privately share your slots experiences as well as chat with players about slots gambling in Wisconsin. Join us!
Payout Returns in Wisconsin
Written into Wisconsin’s tribal-state gaming compacts are minimum and maximum theoretical payout limits. These limits apply over the expected lifetime of the game.
Each tribal-state compact has set minimum and maximum payout limits. However, there are two sets of limits, both of which apply over the expected lifetime of the game:
- Games-of-chance (slot machines): 80% and 100%
- Games-of-skill video games (poker, blackjack, etc.): 83% and 103%
For each machine, tribal casinos report to the state both its theoretical payout and actual return statistics. However, this valuable information is not available to the public.
An annual return statistic is publicly available for all tribal casinos combined in Wisconsin, although casino hold% comes from dividing Tribal Net Win by Handle Data. Player win% is from subtracting hold% from 100%.
In 2019, the most recent year available, the annual return statistic was 92.76%. This player win% is up from 2017’s 92.48% and 2018’s 92.61%.
Summary of Wisconsin Slot Machine Casino Gambling in 2020
Wisconsin slot machine casino gambling consists of 24 tribal casinos. Illegal gaming machines exist at many bars and taverns, but only five or more machines results in a criminal offense.
Tribal-state gaming compacts have established two sets of theoretical payout limits, including minimum and maximums. For games-of-chance such as slot machines, these limits are 80% and 100%. The 2019 return statistic was 92.76%.
Annual Progress in Wisconsin Slot Machine Casino Gambling
In the last year, there has been no significant changes to the slots gaming industry in Wisconsin.
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Related Articles from Professor Slots
Other State-By-State Articles from Professor Slots
- Previous: West Virginia Slot Machine Casino Gambling
- Next: Wyoming Slot Machine Casino Gambling
Have fun, be safe, and make good choices!
By Jon H. Friedl, Jr. Ph.D., President
Jon Friedl, LLC
Slot machines are one of the most popular parts of a casino. Whether you’re a professional or a gambling newbie, slots are the perfect opportunity to try your luck, promising fast-paced thrills with no skill involved. But have you ever wondered how these well-loved machines work?
The roaring success of online slots is a testament to how much we enjoy the slot machines in our bars and casinos. The technology may have finally made the shift into the digital world, however, this is simply the latest development in the long history of slot machines.
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If you want to find out more, read on. In this article, we’ll be explaining how slot machines actually work – and why these games of chance are even harder than you thought!
How many parts does a slot machine have?
In general, traditional slot machines are made up of six parts. When you insert your money, these parts work together to activate the mechanism:
- The coin slot. Modern slot machines also usually have an in-built card machine.
- The lever. On early machines, pulling the lever would physically trigger the reels to spin, but this is now motorized.
- The reels. Slot machines contain three reels, each one notched so that it can spin around a metal shaft (and eventually stop at the desired position).
- The brakes. The braking mechanism causes the reels to stop one at a time.
- Payout trigger. These are a series of metal pins that can ‘read’ the depth of the notches on the reels in order to work out the required payout amount.
- Winning line. This is the combination of symbols that you’ll need to get to win the jackpot.
What happens when you pull the lever?
When you insert your money, the lever is unlocked so you can start to play. Once you pull the lever, a motor automatically causes the reels to spin (on some old-fashioned machines, the lever itself spins the reels).
A braking system brings each reel to a stop, one at a time. At this point, the metal payout trigger pins are used to detect the depth of the notches on each reel. This means the machine is able to identify the reels which the player has spun, triggering the correct payout. (The notch that signifies the jackpot is often a lot deeper than the other notches).
What are computerized slot machines?
Today, most new slot machines use a computerized system, rather than the motorized mechanism which drove more traditional machines.
These computerized slots rely on a random number generator, which means that each spin has a truly equal chance of hitting the jackpot. As soon as the machine is switched on, this generator is constantly cycling through a wide range of numbers. When you pull the lever, it stops suddenly and ‘remembers’ the last three numbers it cycled through.
These numbers will determine the position of the reels, with each number divided by a set amount in order to reach a value which corresponds to one of the notches on the reel.
This technology means your chance of hitting the jackpot is staggeringly small – but if games of chance are how you get your thrills, this should only add to the fun!
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