Players Win Less as Nevada Slots Tighten Up

A recent analysis of Nevada gaming data reveals a long-term shift in the performance of Nevada slots, as player win percentages continue to decline while casino revenue margins see a corresponding rise. The report, issued by the UNLV Center for Gaming Research, indicates that the statewide average hold percentage for slot machines has increased significantly over the last two decades. According to the findings, the average hold on Nevada slots has risen from approximately 5.72 percent in 2004 to as high as 7.15 percent in recent reporting cycles. This represents a 26 percent increase in the portion of wagered money…

Big Changes for Las Vegas Slot Machines

We’re looking at some major changes for Las Vegas slot machines, some good and some not so good. These changes will impact your jackpots, your taxes, and how the casinos pay you. Plus, are there any coin slot machines left in Sin City? Yes, and we’ll tell you where they’re hiding! Several weeks ago, we told you about legislation that was working its way through Congress that would allow players to keep more of the money they win while playing Las Vegas slot machines by raising the tax reporting threshold limit on jackpots. And believe it or not, the IRS…