Progressive jackpots and some bonus rounds require a maximum bet. There are several reasons why penny slots hold the most.

Why do penny slots hold the most in Nevada? However, that only tells part of the story. The payback gets higher as the denominations go up. If it returned 92%, casinos averaged a win of 8%. If penny slots returned 90% to players, the house won 10% of the bets.

This means those slots hold the most for the house. Penny slots tend to return the least to players. The Las Vegas Strip usually has the lowest, which means those casinos win more of a bet on average than other markets in the state, like downturn Las Vegas, Boulder Strip, Reno, and Carson City. The Nevada Gaming Commission releases monthly statistics on slot paybacks. The slot payback varies from one market to another. There are 30 casinos on the Las Vegas Strip, 12 downtown around the Fremont Street Experience, and dozens more in the locals market. Las Vegas is by far the largest casino market in the United States.

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