U.S. Gambling The gaming industry is big business in the U.S., contributing an estimated $240 billion to the economy each year, while generating $38 billion in tax revenues and supporting 17 million jobs. What people may not realize is that slot machines, video poker machines and other electronic gaming devices make up the bulk of all that economic activity. At casinos in Iowa and South Dakota, for example, such devices have contributed up to 89 percent of annual gaming revenue. Spinning-reel slots, in particular, are profit juggernauts for most casinos, outperforming table games like blackjack, video poker machines and other forms of gambling. Americans spend more money on slot machines than movies, baseball and theme parks combined. Getty Images What about slot machines makes them such reliable moneymakers? In part, it has something to do with casinos’ ability to hide their true price from even the savviest of gamblers. The Price … [Read more...] about Are Slot Machines Worth the Gamble?
Jackpots slot wins
Sara M Moniuszko USA TODAY Published 1:11 PM EST Dec 26, 2018 Santa's gift to one lucky casino-goer this Christmas Eve? A $1 million jackpot! The Cosmopolitan of Las Vegas shared the news via Twitter, congratulating the lucky, unnamed winner. "Santa came early," the hotel and casino tweeted on Monday. "Congrats to one lucky guest who won $1,023,743 on her 960th spin while playing Wheel of Fortune." Though this winning doesn't rank among the highest Las Vegas slot jackpots, VitalVegas.com noted its unusual for a casino to disclose how many spins it took to get to the jackpot. "Boom," the Las Vegas guide tweeted. "Bonus: First time we've ever seen a mention of how many spins a jackpot took." More: Las Vegas resort fees: How a $25 room becomes a $65 room More: Las Vegas: Cosmopolitan hotel to drop parking fees. Will others follow? … [Read more...] about Christmas Eve jackpot: Woman wins $1M playing ‘Wheel of Fortune’ slot
The Associated Press Published 6:29 AM EDT Sep 28, 2018 Ionia – A Powerball ticket sold last year in Michigan that was worth $1 million has expired after nobody claimed the prize. The Michigan Lottery says the money instead went to the state’s School Aid Fund after the Thursday afternoon deadline to claim it passed. The ticket was bought at a Marathon gas station in Ionia. The Michigan Lottery says Powerball tickets are valid for one year from the date of the drawing. It was the second major Michigan Lottery prize to go unclaimed this year. In July, a $519,456 Fast Cash Jackpot Slots jackpot went unclaimed. The record for an unclaimed Lottery prize in Michigan is $34 million. It was set in 1998, when a winning Michigan Lotto game ticket bought in East Lansing went unclaimed. … [Read more...] about $1M Powerball win in Michigan goes unclaimed
Steve Marcus An interior view of the Silverton hotel-casino Thursday, May 17, 2018. By Mick Akers (contact) Tuesday, June 19, 2018 | 5:55 p.m. The Silverton this month saw a gambler hit the largest jackpot in the property’s history. An unidentified player won $3.2 million June 9 with a $5 wager on the Wheel of Fortune "Winning Wedges" video slot machine at the off-Strip property, Silverton spokesperson Kimiko Peterson said. The win also marks the biggest Wheel of Fortune slot win this year in Las Vegas. Multiple Wheel of Fortune million-dollar jackpots this year have occurred at valley properties. In June, a gambler won $1.1 million at the Venetian; in May, a Canadian tourist won $1.3 million at the Cosmopolitan; in March, a gambler won $1.6 million at the Excalibur; in February, a Wisconsin man won $1.2 million at the Fremont; and in January, a guest won $1.5 million at Palace Station. … [Read more...] about Wheel of Fortune jackpot at Silverton is property’s largest ever
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