Alberta Vlt Payout Percentage
Introduction to Maryland Slot Machine Casino Gambling in 2020
Maryland slot machine casino gambling consists of six land-based casinos with video lottery terminal (VLT) slot machines. Cruise ships traveling in international waters also offer onboard gambling options.
Odds and Payout Information Vlt machines in Alberta are programmed to pay out a cumulative average of 92 per cent of all money wagered over all of the machines in the vlt network; the payout rate of 92 per cent is averaged over millions and millions of plays, not one playing session. There are many fun ways to blow $15k per year. Imo VLT isn't one of them. They exist to take people’s money, not a scam necessarily but designed to take advantage of people’s belief in luck, or that machines are “due” to pay out,.
.Keep in mind that different rules apply for RRIFs that were set up before the end of 1992. For example, if your RRIF is valued at $500,000 when you're 72, at the start of the year your minimum annual payout will be $27,000 (5.40% of the value of the plan at the beginning of the year). A video lottery terminal (VLT), also sometimes known as a video gaming terminal, video slots, or the video lottery, is a type of electronic gambling machine. They are typically operated by a region's lottery, and situated at licensed establishments such as bars and restaurants. VLTs typically feature a selection of multiple games, primarily video slot machines and Keno.
A minimum theoretical payout limit was been set by Maryland law. However, no actual return statistics are publicly available.
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 Maryland*
The minimum legal gambling age in Maryland depends upon the gambling activity:
- Land-Based Casinos: 21
- Poker Rooms: 21
- Bingo: 18
- Lottery: 18
- Pari-Mutuel Wagering: 18
Further, the minimum gambling age is 18 for cruises shipping out of Baltimore.
In 2008, Maryland voters approved having slot machines at five locations. This constitutional amendment included a licensing and regulatory legal framework for casino operators, employees, and contractors as well as specifying where to allocate state gaming income tax revenue.
In 2012, Maryland voters further approved a gaming expansion bill allowing table games at Maryland’s casinos as well as another Maryland casino. This sixth gambling license, awarded in December 2013, resulted in MGM National Harbor’s opening 3 years later.
*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 Maryland
It is legal to own a slot machine in Maryland privately if it is 25 years old or older.
The state gaming commission is Maryland Lottery and Gaming, responsible for overseeing gaming regulations compliance, employee background checks, the day-to-day operation of machines at each casino, and more.
Gaming Control Board in Maryland
There are six non-tribal casinos and two international cruise ships based in Maryland.
The largest casino in Maryland is Live! Casino Hotel Maryland with 3,853 gaming machines in January 2020.
The second-largest casino is MGM National Harbor with 3,135 gaming machines in January 2020.
Casinos in Maryland
Commercial Casinos in Maryland
Maryland’s six land-based casinos are:
- Hollywood Casino Perryville located 44 miles northeast of Baltimore.
- Live! Casino Hotel Maryland in Hanover located 11 miles southwest of Baltimore and 30 miles northeast of Washington, DC.
- MGM National Harbor in Oxon Hill located 14 miles southwest of Baltimore.
- Ocean Downs Casino in Berlin located 133 miles southeast of Baltimore on the Delaware border.
- Rocky Gap Casino Resort Golf in Flintstone located 132 miles west of Baltimore near the Pennsylvania border.
Tribal Casinos in Maryland
Maryland has no tribal casinos due to having no federally-recognized American Indian tribes.
Other Gambling Establishments
As an alternative to enjoying Maryland slot machine casino gambling, consider exploring casino options in a nearby state. Bordering Maryland is:
- North: Pennsylvania Slots
- East: Delaware Slots
- South: Virginia Slots and the District of Columbia Slots
- West: West Virginia Slots
Each of the links above will take you to my blog for that neighboring U.S. state to Maryland.
Our Maryland Slots Facebook Group
Are you interested in sharing and learning with other slots enthusiasts in Maryland? If so, join our new Maryland 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 Maryland. Join us!
Alberta Vlt Payout Percentage
Payout Returns in Maryland
Maryland gaming regulations require a minimum theoretical payout of 87%, on average over its lifetime, for each VLT gaming machine. Further, overall for all VLTs at a casino, the minimum and maximum theoretical payouts must average between 90% and 95%.
Unfortunately, monthly revenue statistics from the gaming commission excludes amount returned to players. Therefore, actual return statistics are not publicly available.
Summary of Maryland Slot Machine Casino Gambling in 2020
Maryland slot machine casino gambling consists of VLT-style slot machines at six casinos. Further, two cruise ships offer slot machines when sailing out of the Port of Baltimore to international destinations.
Maryland gaming regulations set a minimum theoretical payout of 87%. Also, overall for each casino averaged over all slot machines, they’ve set minimum and maximum payout returns of 90% and 95%.
Annual Progress in Maryland Slot Machine Casino Gambling
Over the last year, there has been no change in the slots gaming industry in Maryland.
Other State-By-State Articles from Professor Slots
- Previous: Maine Slot Machine Casino Gambling
- Next: Massachusetts Slot Machine Casino Gambling
Have fun, be safe, and make good choices!
By Jon H. Friedl, Jr. Ph.D., President
Jon Friedl, LLC
Return to player (RTP) is very important in regard to the long-term chances of winning with slots. RTP (a.k.a. payback) refers to how much slot machines are programmed to pay out in the long run.
Higher payback means that a game gives you a stronger chance of winning. Therefore, you’ll do well to know the RTP behind any game that you play.
You’ll discover that it’s really easy to find payout percentages for online slot machine games. A simple Google search will produce the RTP for most internet games.
Unfortunately, you’ll have a much tougher time figuring out the RTP of land-based machines. In fact, this information is rarely available.
Is there still a way for you to determine payout percentages for slot machines in brick-and-mortar casinos? I’ll answer this question by covering more on the difficulties of finding RTP for land-based slots and if it’s ultimately possible.
Why Isn’t RTP Available for Land-Based Slots?
What Is Vlt Percentage
Unlike with many online slots, you can’t just find the RTP for land-based slot machines through Google. Your efforts will turn up little to no results.
The problem with slots in brick-and-mortar casinos is that they don’t have uniform payback across every casino. Instead, game developers allow casinos to select payout percentages based on a list of options.
Here’s an example on how this works:
- WMS is offering Monopoly Party Train slot to Vegas casinos.
- They feature the following RTP options: 92.5%, 93.5%, and 94.5%.
- Caesars Palace orders this game at 93.5% payback.
- The Venetian orders Monopoly Party Train at 92.5% RTP.
- Treasure Island orders this slot at 94.5% RTP.
You can see the obvious challenge in trying to provide payback numbers for such games. A website could list Monopoly Party Train at 93.5% RTP, which is middle ground.
Most online slot providers differ because they offer their games at a uniform RTP across every casino. For example, Rival Gaming will feature Spy Game with 95.1% payback at each online casino it serves.
Some exceptions do exist in the online gambling world. RealTime Gaming (RTG), for instance, allows its casino clients to choose 91.5%, 95%, or 97.5% RTP for a given game.
You can’t find payout percentages for RTG games either. Nevertheless, you can still learn the payback for the vast majority of internet slots.
How Can You Figure Out the RTP?
You won’t be able to find the exact payout percentages for most land-based slot machines. But you can at least get a good idea on the matter through a few different methods. Here are some ways to learn the RTP for brick-and-mortar casino slots.
Make General Guesses Based on Coin Denominations
Casinos like to reward gamblers who are willing to risk more money per bet. Therefore, they order higher RTP for games with larger coin denominations.
Here’s an example on how this works:
- Penny slot machines = 88% to 90% RTP
- Nickel slot machines = 91% to 94% RTP
- Quarter slot machines = 93% to 95% RTP
- Dollar slot machines = 94% to 96% RTP
- $5 slot machines = 95% to 97% RTP
Penny slot machines are almost always the worst games with regard to payout percentages. Larger denominations ranging from a nickel to $5 are all closer in terms of payback.
Your theoretical losses will be higher on nickel games and up just because you’re betting more per spin. Nevertheless, you can still get more value per dollar wagered with the higher-denomination machines.
Read State Gaming Reports
Rather than making generalizations about coin sizes, you can always check out state gaming reports. These reports show the average payout percentages (or house edges) for each coin denomination within a given state’s casinos.
For example, you might look at a Nevada Gaming Commission (NGC) release and see that dollar slot machines are offering 94.79% RTP on average.
Interestingly enough, the NGC reports specific payout information for Megabucks. This IGT product is the most popular slot in all the popular Las Vegas casinos and warrants more detailed info.
You won’t find the exact payout percentage for an individual game, but you’ll at least have a better guideline with these reports.
Email a Casino and Ask
One more option involves emailing a casino directly and asking them about their RTP for a specific slot machine.
The problem here is that customer service will often state that they don’t have this information available. But in certain cases, you may actually receive a real answer.
You shouldn’t count on this method majority of the time. It’s at least worth trying, though, if you’re desperate to find out the RTP for certain slots.
What to Avoid When Searching for Land-Based Slots Payback
You can see that there are a few different options for determining the payback for land-based slot machines. But there are also measures that you want to avoid on your payback-finding quest, including the following.
Relying on Signs Inside of Casinos
Many casinos hang signs above a bank of slot machines that will read something like, “Pays up to 99%.”
These signs are very effective at drawing players to slot machines. After all, who wouldn’t want to play a slot that only has a 1% house edge?
Unfortunately, these signs are also very misleading. Only one of the machines within the section has to offer 99% RTP.
The rest could pay as low as 90% RTP and still make the sign valid. Therefore, you can’t rely on much information that the casino supplies you with.
Using One Good Session to Determine Quality Payback
Slots are extremely volatile games that may pay a lot one session, then offer very few prizes for the next five sessions. Therefore, you can never use any single outing to judge how a game pays.
Many gamblers still make this very mistake. They’ll have one hot session with a game and believe that it offers a high payout percentage.
It would be great if finding RTP for land-based slot machines was really this simple. The reality, though, is that it’s anything but.
Blindly Believing Ads for the “Loosest Slots”
I’ve seen plenty of ads for loose slot machines when driving on the interstate. These billboards suggest that a given casino features slots with high RTP or frequent payouts.
However, “loose” is a broad term that doesn’t really mean anything. State gaming laws don’t put parameters on what constitutes a loose game.
Casinos can make this claim, regardless of whether it’s true or not. That said, you should take any such advertisement with a grain of salt.
Conclusion
You may think negatively about land-based casinos upon being unable to find RTP for their slots. After all, you don’t have to spend much time at all finding payback for online slots.
However, providers are the ones who choose whether to or not to release payout percentages. They can’t accurately do this with slot machines at brick and mortar casinos, because providers feature different RTP options.
One casino may order a slot at 93% payback, while the next orders it at 95% RTP. Developers are therefore unable to offer a uniform payout percentage for each slot.
The good news, though, is that you don’t have to give up hope. Instead, you have a few options for finding general RTP figures.
The easiest method is to make generalizations based on coin denominations. Simply put, the higher coin denominations usually offer better payback.
You can also read state gaming reports. These releases show the average amount that each coin denomination pays out within a given state’s gambling venues.
Finally, you can always email a casino directly and ask about a specific game. You won’t get the desired answer most of the time, but it’s worth trying.
In summary, finding the RTP for an individual land-based slot is impossible in most cases. But you’ll still have a general idea on how much these slots pay by following the previously covered tips.