Train Slot Machine – 1 of 3 This is what Westport’s train station might look like if the town’s April Fool’s joke came true.
2 of 3 A look at the town library, if the town’s April Fool’s joke is true.
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Westport will install slot machines in three strategic locations around the city, and any revenue generated will be used for infrastructure projects.
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The post on the city’s Facebook page appears to be legitimate. It even comes with a quote: “With state funding cut back to Westport, we must find creative ways to close the gap, prevent rate increases, and protect our property values.”
There seems to be some precedent. Bingo was legalized in Connecticut in 1939, the post says, and three locations certainly make sense: the Saugatuck train station, post office and town hall, with Joey’s by the Shore to follow if all goes well.
Of course, it’s all a joke. This is a city that decided recreational marijuana shops would not grace its streets, even before recreational marijuana was legalized by the state.
To clarify, the “for more information” link takes you to a children’s clinic in Arkansas, with a large “April Fools” graphic. QUESTION: You mentioned all the casino places you’ve visited over the years. Do you notice in your travels that the slot machines look and play the same from state to state? – Ken K.
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ANSWER: Slot machines vary from casino to casino and state to state. They all look and play the same physically: You hit the credit button, hit spin, hit credit, hit spin, repeat, and then reach into your wallet for more coins.
But they are definitely not the same when it comes to the percentage back to the player. The amounts on the slot machines are set by the casino operators and are not consistent between the game judges. When it comes to playing the slots, the best interest is in Nevada, where the house took only 6.4% last year. The worst is in Iowa, where casinos take 9.4% of every dollar played.
Because slot machines these days pay attention to the money you put in them, your hard-earned money doesn’t last as long as it used to. For example, based on mixed slot ten years ago, if your bankroll was $100, you could gamble for 3.2 hours at 75 cents per spin. With higher retention across the board, that $100 will now last about 2.6 hours, a 22% reduction. With these tighter slots, your time on the device is reduced, so you lose your money faster. But some players are now playing 75 cents per spin. It’s more like $2 a pop, so your slot game for the same $100 is now reduced to just one hour.
Casinos are starting to feel the effects of their high closing percentage. After the recession, the percentage increase did not translate into additional income for casino operators. In fact, many believe that the high retention rate helps explain the decline in nesting income. I agree, but I also contend that the lack of Gen X and millennial players is responsible.
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Here are examples of current foreclosure percentages in various states compared to percentages ten years ago.
On the other hand, Pennsylvania’s catch percentage dropped from 9.56% to 7.82% and its net income increased by 11.8%. I’m wondering out loud here, but is management upstairs taking notes?
This does not mean that all slots pick your wallet. Some casinos offer liberal slot machines. By “liberal”, I mean casinos that advertise a higher payout rate on select machines. It is up to you to find a casino that advertises those generous payouts; then you will need to ask the slot personnel which machines they are. Exciting casino slots, seasonal albums, daily jackpots, Sloto Club, slot tournaments – the fun never ends!
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