In 2006, the United States passed a law called the Unlawful Internet Gambling Enforcement Act or UIGEA, for short. The law was heavily sponsored and heavily backed by a group of powerful casino owners including Steve Wynn, Sheldon Adelson and the American Gaming Association. While there are many reasons why the casino owners got together to destroy the nascent U.S. online gaming market in its cradle, there is arguably one thing that they feared most: customers being able to play their favorite slot machines online.
Why did those billionaire casino owners, 11 years ago, view online slots as such a deadly threat to their businesses? They knew that online slots can be offered that produce hundreds of times more winners, with more winning sessions. In short, they understood that a brick and mortar casino can never compete with an online casino. And with slot machines, especially video slots, the customer can play exactly the same game online as they can in a casino.
The reason for this is simple. Brick and mortar casinos require massive overhead expenditures, just to keep the lights on. A typical Las Vegas casino spends millions of dollars each month on things like heating, electricity and payroll. Online casinos have only the tiniest fraction of these costs to deal with.
That’s why online casinos like amazon slots are able to offer all the same slot games that you would find at an Indian casino or a Vegas Strip joint, while creating vastly more winners!
The reason is reducible to simple math. In almost all circumstances, the house will have a mathematical edge over the slot player. This means that, over the long term, for every dollar that the player bets on the slot game, he will get back some fraction of it. For example, in a typical Las Vegas casino, a player will get back about 90 cents of every dollar they bet on slot machines. In many Indian casinos throughout the U.S., where regulations are lax or nonexistent, players may get back 50 cents or less for every dollar they insert into slot machines. Even the best slot machines at the classiest Vegas Strip properties typically pay out no more than 95 cents on the dollar.
Compare this with online slot games. Some of the best online casinos have payouts on their slot machines in excess of 98 percent! And that’s just an average for all slot games at the casino. Individual slot machines may be over 99 percent.
You may be asking yourself, “so what?” If a Vegas slot pays out 90 cents on the dollar and an online slot pays out 9 cents more, what’s the big deal? Without delving into all the complicated math, the deal couldn’t possibly be bigger! A slot paying out 99 cents on the dollar will produce literally hundreds of times more winning sessions than one paying out just 90 cents on the dollar. Slots paying out less than 80 cents per dollar will produce virtually no winning sessions at all.