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Not only is Resorts World New York City producing stellar revenues for its parent company, but gamblers at the Queens facility are leaving there with a higher percentage of coin in their pockets than just about anywhere else in the United States.
The winnings from her spin on a slot machine at Resorts World Casino at Aqueduct in Jamaica were nearly $43 million, the game’s monitor indicated. Was playing has a max payout of $6,500. The New York State Gaming Commission has sided with the Resorts World Casino stating there was 'clearly a display malfunction' and that the machine's maximum payout was programmed for $6,500. A Queens gambler thought she hit it big until managers at the Resorts World Casino said her $43 million slot machine win was a technical glitch — and tried to pay her off with a steak dinner. Resorts Online Casino was not the first NJ online casino site in the state of New Jersey, but we now can lay claim to being one of the best. ResortsCasino.com offers a huge selection of slots and table games that can compete with any other casino site in the industry.
So reports Steve Bourie, publisher of The American Casino Guide, in his recent video on payback percentages. His two-part series, “Where are the Loosest Slots?”, is available at Youtube.com/AmericanCasinoGuide.
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Thanks to the Internet, casino figures have become much more accessible to the public. Usually one click gets you the revenues, taxes paid, and payback percentages of casinos across an entire state. Bourie, who has published a guide on casino amenities for 25 years, did the legwork for the revenue figures, as he has for 20 years.
“I used to have to request them by phone, then wait for states to mail them to me,” he says, noting that the task was then somewhat easier because there were fewer states with casinos than today.
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This year he found that Resorts World, the casino based at Aqueduct Racetrack, returned 95.05 cents on each dollar wagered. Of course there’s a reason: New York doesn’t allow live table games, and more than 1,000 seats at Resorts World are for electronic roulette, blackjack, and baccarat. Those games have a higher payback percentage – often as high as 99 percent — than your run-of-the-mill slot machine, so they skew the payback math. (If you visit, you’ll see banks of roulette stations for one electronic ball; in most other casinos, such games have only a handful of seats. And even the exclusive high roller suites and rooms are set up for players to wager on electronic table games.)
Bourie also notes that New York slots are lottery-based, meaning winners and losers are predetermined, similar to scratch-off tickets.
“So if you like to play video poker, you should be aware that there is no skill in these games and the results are determined purely by chance,” he says in the video.
Open less than five years, Resorts World currently has 5,500 electronic gaming machines. In July, it announced a $400 million expansion plan, to add 1,000 gaming positions and a 400-room hotel by 2019.
Similarly, electronic table games are involved in Magic City Casino in Miami vaulting to No. 2 overall on Bourie’s list. The casino paid back 93.88 percent, according to Bourie’s most recent statistics (through June 30, 2015). One reason is a game that’s a South Florida phenomenon: Diamond Lotto. The area has a large number of patrons from Cuban and other Latin American countries, and many of those players grew up on lottery-type games. Diamond Lotto lets players pick six numbers and pays out based on how many correct choices are made. Like electronic table games, Diamond Lotto has a higher-than-usual payback percentage.
Bourie notes that payback information from Native American casinos is not available, except for the two tribes that pay taxes based on revenue in Connecticut: Foxwoods was at 91.87 percent and Mohegan Sun was at 91.73.
He also points out that five states (Colorado, Louisiana, Mississippi, South Dakota and Nevada) give out info just by the area of their casinos, not by each casino. That said, it’s worth noting that Reno casinos paid out at 94.86 percent and Sparks, just east of Reno, was at 95.18. So the math dictates that at least one casino in Sparks actually beats Resorts World Aqueduct.
The casino with the lowest payback percentage was Harrah’s Metropolis, a riverboat deep in Southern Illinois, which paid back 89.03 percent.
As the public’s interest has shifted away from consuming information via print and towards electronic options, Bourie has altered his game. He now offers a monthly consumer video at his site, americancasinoguide.com, which has drawn more than 13 million views, and has a mobile app that gives detailed information on more than 700 casinos in 42 states.
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Source: CDC Gaming Reports
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