Best Penny Slots To Play In Vegas
1-cent penny slots: 100% minus 11.03% equals 88.97% return to the player. Megabucks: 100% minus 14.02% equals 85.98% return to the player. I understand that this is a lot of statistics. But consider what we learned even with this simple research of statistics from downtown Las Vegas casinos for June 2019. The higher the RTP, the better. Consider online penny slots as a viable alternative to the rather expensive land-based penny slots games with their lower RTPs and higher payline playing requirements. For example, online penny slots may require you to play 20 – 50 paylines, as opposed to 50 – 300 paylines at land-based casinos.
When you visit a casino, all the action appears to be happening at the tables. But when it comes to ease of play and popularity, slots come out on top. In fact, casinos dedicate roughly 80% of their gaming floor to slots. Only 20% is for table games.
The reason? Slots are more popular and account for more revenue than all other gambling sources combined. And for good reason. Playing a slot machine doesn’t require any gambling knowledge. On top of that, you can bet as little as $0.01.
What slots and table games have in common, however, is the enforcement of a withholding tax. If you’re one of the millions who visits Las Vegas annually, you need to remember that your winnings could be subject to a 30% withholding tax by the Internal Revenue Service (IRS).
Fortunately, Refund Management Services (RMS) can help you reclaim a portion or all of your withheld winnings.
Finding the Loosest Slots in Las Vegas
It’s not hard to find a slot machine in Nevada. In fact, there are over 490,000 slots and gaming machines in Clark County alone (the county where you find Las Vegas). And they’re not just located in casinos. You can find slot machines in the airport, gas stations, and convenience stores.
What is hard, though, is finding slot machines with the best payouts. After all, no one likes to go into a casino and lose $100 on the slots in 30 minutes. The goal is to win, or at least make your money last longer.
Thanks to increased competition in gambling hubs like Las Vegas, Reno, and Atlantic City, casino operators are battling for customers. To keep customers coming back, many casinos are increasing the number of jackpots at their slot machines.
All slot machines work on a payback percentage that the casinos can set. They can make a slot machine tight or loose. Loose slot machines increase the chances of a player hitting a payout. This creates excitement and helps keep players in their seats on the gambling floor.
For slots aficionados, it’s all about finding the loose machines. Not surprisingly, casinos do not advertise which machines are loose or the payout percentages of individual machines.
But that doesn’t mean you can’t do a little digging and find out which kinds of slot machines have the biggest win percentages. It turns out, you need to spend money to make money in Las Vegas.
Best Slots to Play in Las Vegas
Statistics from the Nevada Gaming Control Board show which slots offer the best payouts in the order of the denomination played. In June 2016 in Clark County, Megabucks progressive slots posted the worst win percentage at 85.15%.1
What that means is, for every $100 you spend, you can expect to win $85.15. Megabucks progressive slots generally have the worst win percentage because the huge jackpot outweighs the bad odds.
The best win percentages came from high-roller slots. Slots that accept denominations of $5, $25, and $100 returned 94.05%, 94.97%, and 94.35%, respectively. While you can lose your money faster with high-roller slots, the payout percentages are always better (on all slots regardless of the denomination) if you get the maximum amount on each spin.
The most fruitful games, when it comes to odds and cost, are the nickel and quarter slots. In June, nickel slots had a win percentage of 94.2% while quarter slots paid back 93.06%. Next to Megabucks, penny slots have the worst win percentage, returning 88.83%.
Best Penny Slots To Play In Vegas Now
Casinos with the Most Slots in Las Vegas
The Orleans Hotel and Casino
The Orleans is a Mardi Gras-themed casino hotel located a few minutes west of the Strip. The casino floor covers 137,000 square feet and has over 2,600 slot machines. There is also a high-limit slot salon.2
The casino also has over 60 table games and a 35-table poker room. You can also find a seat in the 125-person race and sports book with 13 betting windows.
MGM Grand Las Vegas
The MGM Grand is located at the south end of the Strip. It’s easy to spot the MGM Grand casino—it’s a massive emerald-coloured complex with a 45-foot bronze lion out front.
The MGM Grand covers over 170,000 square feet and has 3,000 slot machines (with denominations ranging from $0.01 to $1,000. There are also around 200 table games, a 24-hour poker room, and a race and sports book.3
Sam’s Town Hotel and Gambling Hall
Sam’s is a sprawling casino resort 10 km east of the Strip. The 120,000-square-foot casino is spread out over three floors where you’ll find over 3,100 slot machines, 50 table games, an 11-table poker room, a 570-seat bingo room, and a 60-screen race and sports book.4
Best Penny Slots To Play In Vegas
Casino Slot Winnings Subject to 30% Withholding Tax
Non-U.S. residents who win a significant amount of money playing the slots at any casino or gaming facility in the United States are subject to a 30% withholding tax by the IRS.
In the U.S., winnings from casino games and other games of chance (racetrack, game show) are considered income. If you win $2,000 playing the slots, the casino will pay you $1,400. The IRS keeps the rest. But if you live in a country like Canada, which has signed a U.S. tax treaty, you may be eligible for a refund.
There are a number of countries that currently do not have a U.S. tax treaty. However, if you reside in any of the following countries, you could still be eligible for a refund: Australia, Bahrain, Barbados, Brazil, China, India, Indonesia, Israel, Kuwait, Mexico, Malaysia, Monaco, New Zealand, Norway, Saudi Arabia, Singapore, South Korea, Switzerland, Taiwan, Thailand, and the U.A.E.
To see if you meet the criteria and are eligible to get some or all of your withholding tax back, contact RMS.
RMS, the Easiest Way to Get Your 30% Withholding Tax Back
If you’ve visited the U.S. and had 30% of your casino winnings held back by the IRS, Refund Management Services (RMS) can help you reclaim a portion or all of your taxable winnings.
Founded by a Canadian chartered accountant, RMS is Canada’s most reliable and experienced gaming and casino tax refund provider. Over the years, RMS has helped thousands of people around the world recover taxes on their U.S. gaming wins. We’ve also never been refused an eligible refund.
Only RMS has the One Simple StepTM process with an easy online form to fill out. After you complete the form, our customer service agents take care of the rest, processing and submitting it to the IRS. It can take a minimum of one year for the IRS to review the claim and for RMS to receive the refund.
Contact RMS today by calling our toll-free number at 1-855-860-2610 or by e-mailing us at [email protected].
Sources:
1. “June Gaming Revenue Report,” Nevada Gaming Control Board web site; http://gaming.nv.gov/modules/showdocument.aspx?documentid=11262.
2. “Play,” The Orleans Hotel and Casino web site; http://www.orleanscasino.com/play.
3. “Casino,” MGM Grand Las Vegas web site; https://www.mgmgrand.com/en/casino.html.
4. “Play,” Sam’s Town Hotel and Gambling Hall web site; http://www.samstownlv.com/play.
Within the last 15 years every aspect of the Las Vegas casino has changed in different ways and so has the Slot Machines. Traditional slot machines that are coin-operated machines with three or more reels, which spin when a lever on the side of the machine is pulled is mostly a thing of the past.
Today, Las Vegas slot machines which are considered modern slot machines are designed to look and feel like the old mechanical models, but they work on a completely different principle. The outcome of each pull is actually controlled by a central computer inside the machine, not by the motion of the reels.
Las Vegas casinos offer the widest possible array of options when it comes to slot and video poker machines. If you have a favorite game show, TV show, movie or character, chances are Vegas casinos has a slot machine just for you!. Expect to find everything from spinning-reel slot machines, video reel slots, video poker, video keno, video blackjack and progressives with amounts exceeding $1,000,000.
Todays modern slot machines look and feel like the old mechanical models, but they work on a completely different principle. The outcome of each pull on the mechanical slot handle, or pressing the spin button is actually controlled by a central computer located inside the machine, not by the motion of the reels. The bells, whistles and spinning wheels are just for show.
The positions the reels will come to rest on are chosen by a Random Number Generator (RNG) contained in the machine's software. The RNG is constantly generating random numbers, at a rate of hundreds or maybe thousands per second. As soon as the lever is pulled or the 'Play' button is pressed, the most recent random number is used to determine the result. This means that the result varies depending on exactly when the game is played. A fraction of a second earlier or later, and the result would be different. What does all this mean, you ask?. It means,
1 There is no way to tell which slots are winning machines.
2 There is no reward for playing longer. Persistence doesn't pay off. The result of your previous play or series of plays doesn't determine what happens on your next play. Each play is an independent event with the same odds of winning or losing as every other play on that game.
3 Slot machines are not any more or less likely to hit a jackpot just because they haven't hit for a while. Slots are never 'due for a win' and they don't 'go cold' after a win.
4 Las Vegas slot machines have one of the worst House Advantage. That means the odds are always in the slot machine's favor.
Now, here is the news you don't want to hear. There is really no strategy to out smart the slot machine. However what we can show you are some winning tips on playing slot machines.
One of the questions visitors to Las Vegas ask is, where are the loose slots. Loose slots are Slot machines with above-average pay outs.
It's a fact that Las Vegas Slots differ in their payouts. Generally the odds of winning any prize on Las Vegas Slot Machines are approximately 1 in 5. However the odds to winning a top prize on a red, white and blue slot machine, for example, are only 1 in 373,248.
Some slot games pay smaller prizes more frequently and offer more bonus games (Loose Slots). Other machines pay out more often in the middle and top prize categories. It's important to mention that the chances of winning smaller prizes on slots are greater than the chances of winning top prizes.
Las Vegas Slot Machine Tips
Use your Casino Reward card
Play two-coin, three reel, one payline slot machines.
Stay away from three-coin machines unless they are progressive machines.
Don't play more than one machine at a time.
Always play the maximum coins.
Always play machines that show double up symbols.
Don't play nickel slot machines. (check the house advantage here)
Finally, always play where the locals play. If anyone should know where the looser slots can be found in Vegas, the locals do.
Although a lot of fun to play, Slot machines are considered one of the worst games to play in Las Vegas. Other games to stay away from.
VegasHowTo Video
Looking for coin operated slot machines on the Strip!
Circus Circus are adding many coin operated slot machines. Check out their Classic Coin Machines in the Main Casino. You can play $1 tokens in the Main Casino or try your luck on quarters at Slots A Fun.
The Best Number of Coins to Play in Slots
If you play don't play maximum coins, you're only increasing the jackpot for someone else with nochance of winning it yourself.
The payback and hit frequency are the same regardless of the number of coins you play.
The chances of hitting a payout with a bonus are so small, it's not worth the extra risk.
The increase in payback and hit frequency purchased by the additional coins can turn a terrible machine into a good one.
Extra coins are rarely worth playing in a multiplier, and hybrids are multipliers when you're in the multiplying section of the paytable.
The feature activated by playing the last coin frequently makes the last coin pay back over 100%.
Play maximum coins if having winning combinations land on paylines you didn't activate bothers you, otherwise play one coin.
Play one coin on each line if having winning combinations land on paylines you didn't activate bothers you, otherwise play one coin. If there's a Hidden Buy-A-Pay, play enough coins to activate it.
Source: John Robison - www.Robison.CasinoCityTimes.com
| House Advantage | For Every $100 bet, the player can expect to lose | |
|---|---|---|
| Penny Slots | 8%-12% | $8 - $12 |
| Nickel Slots | 6%-12% | $6 - $12 |
| Quarter Slots | 5%-10% | $5 -$10 |
| Dollar Slots | 2.5%-6% | $2.50 -$6 |
Slot machines typically have house advantages of 2 to 12 percent. A player cannot influence the outcome of traditional slot machine play through any decision-making strategy.
Take a different twist on the increasingly popular game of poker and play your favorite video reel games at most Las Vegas Casinos. Choose from the hottest Vegas video reel games and slot machines. You'll find all your favorites, plus progressives and video poker in a wide range of denominations. Video poker provides all the strategy of poker but at your own pace.
Did you know...
The largest Las Vegas slot machine jackpot ever, was paid on a Megabucks machine at the Excalibur Hotel, for $39,713,982.25 on March 21, 2003.
Do you know ... your chances of hitting a winning combination are the same on every spin.