Slot Win 2020
Michigan lawyer and YouTuber Letho’s Law sheds light on Oklahoma casino’s decision not to pay $8,469,498.95 USD to slot machine jackpot winner.
Do I Have to Report All Winnings? All gambling winnings received from slot machines are subject to.
Unless you’ve been living under a rock, you probably heard Maribel Sanchez’s story. A couple of weeks ago, she won a jackpot worth $8.5 million at a Lucky 7s slot machine, but the casino refused to pay her, saying there had been a hardware malfunction. The story sparked fierce debate both inside and outside the gambling community. Consumer protection advocates cry foul, saying that the woman should be paid her winnings. Lawyers, on the other hand, say the issue is much more complicated and nuanced. So let’s take a look at what really happened in Newcastle Casino and uncover the truth.
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Lucky Magic 7’s machine, similar to the one used by Sanchez at Newcastle Casino to get the $8.5 million jackpot.
The Sequence of Events
According to FOX25, Maribel Sanchez entered Newcastle Casino at seven in the morning to try her luck on a Liberty 7s slot machine. She set her wager amount at a dollar and twenty-five cents per spin. After a few rounds, she hit the jackpot and the machine told her she won $8,469,498.95 USD. Excited about her win, Sanchez took a picture of the winning graphic using her phone. In her mind, she was already thinking about how she would spend her money on achieving her life-long dream of buying a house.
That’s where things took a strange turn. Just after she took the picture, the slot machine turned off. A few moments later, Sanchez was approached by members of the casino staff. Instead of paying Sanchez her $8.5 million, the casino gave her back the $14.50 she had spent at the slot machine and bid her farewell.
“They told her we’re not going to pay you. It was an error, ” Sanchez’s lawyer, Bill Zuhdi, explains.
Furious about the injustice of the situation, Sanchez contacted Oklahoma’s FOX 25 news station, which reported on the event through their website and Twitter account. FOX 25 reporters then contacted the venue and the machine’s manufacturer, but neither gave any concrete information on what exactly happened.
Sanchez then went on to contact attorney Bill Zuhdi. On Monday, March 2, the lawyer filed a formal notice of prize claim in order to move the legal case forward.
How Modern Video Slots Work
So what exactly happened there and why doesn’t the casino want to pay up? In order to understand this, you need to understand how slot machines work these days.
Unlike their ancestors, modern slot machines are not purely random. Regardless of whether they display the results on a screen or through physical reels, all modern slots are fully computerized, networked, and algorithm-controlled. As a side effect of this, the payout percentages and jackpot payouts can easily be adjusted by the casino.
Because of this inherent degree of control, the system can be easily abused by unscrupulous casino staff members.
Slot Machine Tampering
In one of his videos, Michigan lawyer Steve Lehto, who runs a popular YouTube channel called Lehto’s Law, recalled a case from a few years ago. During court testimony, the defendant confessed to having used his access to the machines in order to configure them to pay large sums of money at certain times. His accomplices would then play the machines until winning. The money was then split 50/50.
And this situation isn’t in any way unique. Those who follow gambling news closely will have heard of several such cases that happened in the last few years.
In order to fight this type of malicious code meddling, casinos verify all payouts with their information on when wins should have been paid out. If the system sees a big win, but the server says that it wasn’t supposed to happen, they shut down the machine and tell the user there was a machine malfunction.
Basic slot machine diagnostics and repair procedure.
What Does the Law Say About Slot Machine Winnings?
So how are these ‘machine malfunctions’ interpreted by law? If you didn’t do anything wrong and played according to all rules, why wouldn’t you get paid? After all, it’s the casino’s fault, not yours, that such a situation happened. Let’s explore.
As explained by lawyer Steve Lehto in his video on the 8.5 million dollar scandal, in recent years, more and more new gambling laws have been coming into force, and most of them aren’t all that consumer-friendly. Lehto says that, because the people running land-based casinos have a lot of money, they can essentially have the laws written in their favor. Lehto gives the following example:
“If you’re counting cards at a blackjack table in Las Vegas they can come up to you, say you’re cheating, and kick you out” despite the fact that all you are doing is being a good player and “figuring things out”.
So, essentially, if you’re playing offline blackjack and you’re bad, you’re free to lose as much money as you want. But once you get good enough and start to understand such things as basic strategy and card counting, the casino has the right to ban you from their venue.
State and federal laws give casinos similar rights in other games as well.
So where does that leave Sanchez? In an uncomfortable place, that’s for sure. The casino reimbursed her for the $14.50 she spent on the ‘malfunctioned’ machine and pretended nothing wrong had happened. But something did happen. The machine outright told her she won 8.5 million dollars. And, at least according to Sanchez’s lawyer, the casino must honor this offer, because she did nothing wrong and played by the rules.
We’ll keep you updated on this story as it develops. In the meanwhile, if you want to make sure you get paid on every win, you’re probably better off sticking to online slot machines. Unlike land-based video slots, these are operated off-side by the service providers and cannot be tampered with.
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The first pit stop in Las Vegas for most visitors is usually a casino. Whether you are an experienced player on the casino floor or just starting, slot machines are the most profitable and entertaining games available.
Slot machines have proven to be popular among players time and time again. Casinos and other entertainment facilities are profiting tremendously from the revenues collected from slots.
The Nevada Gaming Control Board reports that the Las Vegas Strip contained over 160,000 slot machines in 40 different locations in 2019, generating revenues reaching almost $270 million per month.
While these numbers are beneficial to the establishments and their operators, slot machines are also known to be the most profitable game in a casino for the user.
Slot machines, on average, have an RTP, or return to player, between 75% and 98%; in other words, for every dollar a player spends, the slot machine will yield about 75 to 98 cents right into their pocket.
Even with the high RTP and revenue, Las Vegas and other cities famous for their casinos fill their halls with slot machines because anyone can press a button.
Commitment is never a priority; the player can put down a small individual bet. A poker face is never required, neither is real skill, to win big.
However, research is still encouraged to profit off of slot machines at the highest level, such as reading on user experience on specific games and reading the RTP at each Las Vegas casino.
Return to player is perhaps the most critical factor in picking the best slot to play in Vegas. The higher the RTP percentage, the more likely the slot will payout.
An amateur way to discover a slot’s RTP percentage is to test it with a bet. If a slot claims to have a 94% payout, then after a $100 bet, the payback would equate to about $94. While this may seem straightforward, this method does not fit every player.
Checking message boards and online threads, as well as comparison sites containing slots reviews, are a great way to find the best slots in Vegas. Notable websites encourage players to share their experiences with slot machines; most of their reviews focus on the amount of cash they get to keep after playing.
Another tip to finding one of the better slots offered in Las Vegas is to look for promotions. By signing up to the casino’s player’s club, customers can access unique games, receive free slot plays, and gain eligibility to have freebies on their next visit.
Benefits are significant, especially when the rounds on the slot machines are free, increasing the already high payout.
The most profitable slots are coined as “loose slots” because they pay out the most amount of money to the player and are thus very desirable among customers.
A feature of profitable slot machines called “progressive jackpots” has become a popular way to transform a couple of hundred bucks to millions.
Progressive jackpots offer prize money compared to the national lottery games, which can easily make a millionaire in a single evening.
According to the Nevada Gaming Control Board, the dollar slots pay back an average of 95% of receipts, 25 cent slots payout 93% on average, and 5 cent slots give back 90% to the players.
The payout from slots at the downtown or other off-Strip locations is one or two percent higher than those on the Strip. Hotel-casinos frequented by locals, such as Sam’s Town, pay better than the tourist hotels in the city. Nevada residents well know that fact when they consider which facilities contain the best slots in Vegas.
Moreover, the newer and more luxurious hotels are known for having the overall poorest RTP percentages.
Some of those hotels include the Bellagio, Venetian, Mandalay Bay, and the new Wynn Las Vegas. Since the amenities of these hotels are off the charts, slot machines do not have to be the most profitable asset (at least to the player).
However, some of these lavish hotels offer great prizes and entertainment that makes a higher payout from the slot machine. The Bellagio, for example, provides a slot tournament with 2,300 games as options. From jackpots and progressive features, the Bellagio slot machines can grow small bets into millions.
Generally, the best slots in Vegas are located in the older properties of the North Strip.
Slot machines may look flashy and modern, especially themed slots, but that does not mean they have the highest payout. The more traditional and old-looking games may be a better money’s worth.
Much like the endorphin rush of a “win,” a good-looking slot machine can trick the brain chemistry into wagering more money than intended. With that in mind, a simple-looking slot should be considered to help players gamble responsibly and win big.
Rather than always playing Star Wars or Avengers slot machines, players should have an eye out for the more dated and less appealing slot machines available on the casino floor. Many of them have substantial RTP rates and have stood the test of time.
One of these seemingly unappreciated slots is housed in Slots-a-Fun at Circus Circus Casino in Las Vegas. The selection includes classics, such as “Double Diamond” and “Red, White, and Blue.” Although they are not the flashiest, they are the best slots in Vegas.
Slots-a-Fun is a classic and exclusive casino that incorporates slot machines paired with an arcade, pool tables, bowling, and other forms of entertainment. Their slots have been proven time and time again as the machines to make the next big Vegas winner.
As mentioned before, these slots are not located conveniently for the tourists on the Strip. A general rule of thumb to follow: the more touristy the casino, the lower the payback on the slot machines.
While the Las Vegas Strip has a win percentage of about 8%, the slots in Reno and Boulder have a more generous casino wins of around 5%.
Some of the casinos located in Reno, Boulder, and North Vegas include Eastside Cannery, Sunset Station, M Resort, Jerry’s Nugget, Texas Station, and Boulder Station.
Geographical location should not be the only consideration when looking for great slots. Some veteran gamblers and websites claim that corners within a specific casino itself have some of the better slot machines.
High traffic areas, such as near elevators, a front desk, aisles, showrooms, registration areas, etc., contain the loosest slots in the casino.
Some people do not even have to go to a casino to access a slot machine. An entertainment facility is perhaps the unrivaled source to use for the best slots in Vegas.
Airports, convenience stores, and grocery stores are the first locations to avoid playing slot machines. Even though the majority are in clean and well-run establishments, they do not offer significant returns with their slot machines.
What these three different places have in common is that under Nevada law the slot machines in airports, convenience stores, and grocery stores are entirely controlled by large corporations.
With that in mind, it should not be surprising that the slot machines in these facilities provide a much lower payout percentage than the typical slot found in a Las Vegas casino.
Even though convenience store owners can obtain a lease or purchase of slot machines, the Nevada law changed in favor of larger corporations having control over the slots and their payouts.
Nevada grocery stores are the only place that can legally provide slot machines because they have leased the space through a larger company. Although they can offer marginally better odds than the former two, grocery stores should still be avoided when it comes to slot machines.
Slot Wins 2020 Youtube
The loosest slot machines in the past 12 months have been Megabucks and penny slots. Megabucks had the tightest slots at over 11% casino win percentage. Penny slots are the most popular denomination, even though their win percentage is not the most generous.
Megabucks offers some of the best slots in Vegas with the highest winnings. In 2014, a man playing a Megabucks slot machine in Rampart Casino hit a $14 million jackpot after playing for five minutes on a $20 bill when the slot paid off.
This payout is not the only one from a Megabucks machine. Megabucks has produced life-changing jackpots for multiple players for over two decades.
Their slogan markets the casino’s accomplishments perfectly: “Dream big. Win big”. Even with players only spending a $1 for a spin, there is always a chance of the jackpot prize of $10 million.
In addition to Megabucks and Slots-a-Fun, there are plenty of casinos offering some of the best slots available in Las Vegas.
Many websites report O’Shea’s, Stardust, and older casinos located on the north side of the Strip as the places to visit for great and profitable slot machine winnings.
The casino nearest to offering the loosest slots in Las Vegas is Palms resort, which has an average game payout percentage of about 94%.
Lower payout slot machines also have distinct locations on the casino floor. Some of those include the leading slot machine on the floor, those near the table games, and close to the poker room. Since all of these areas have too much action, either from different games or other slots, the RTP does not have to be too high.
Furthermore, it is better to be aware of which specific slot machines should be avoided. The reason behind it is the exact opposite as to why the already mentioned slots are the best: the worst slots have a low percentage of payback.
Several slots have unfortunately been added to the universal list of worst slots found in Las Vegas, such as Wish Upon a Jackpot by Blueprint Gaming, Adventures in Wonderland by Ash Gaming, and King Kong by Cryptologic due to their low RTP.
Different software companies specializing in slot machines have reputations that reflect off of the RTP’s. While some developments have been mentioned before for their low percentage payback, others are renowned for their slots having high RTP rates.
Playtech is one of the more famous software companies that develop successful and popular slot machines located in Las Vegas casinos. Games created by this company include: Goblin’s Cave, Ugga Bugga, and Ocean Princess. All offer reputable and above-average percentage payouts.
Other software companies known for distributing slots with high paybacks are Barcrest, WMS, and NetEnt.
In addition to Palms Casino and Resort, there are other casinos in Las Vegas that have multiple slots maintaining an above-average payout.
Fitzgerald’s Casino and Hotel has established a favorable reputation for offering the loosest slots in downtown Las Vegas. Ranked regularly, the machines in Fitzgerald’s that are given the best paybacks include reel, penny, and progressive slots.
Slot machines are incredibly entertaining, easy, and a great reason to visit a Las Vegas casino.
Although research is essential, in-depth research is not necessary unless you are wagering a significant amount of money. Specific slot machines should be sought out to cash in millions, which has been proven to be possible within five minutes of playing.
How To Win Slot Jackpot
The different themes, bonuses, promotions, and prizes, prevent slot machines from ever becoming boring. For some lucky few, a slot will transform a single $5 bill to $5 million or more than that colossal amount.
Youtube Slot Win 2020
With the press of a button, a slot machine can make an average player into a millionaire, or give the customer an affordable and responsible amount of fun on the Las Vegas casino floor.
With some of these tips that differentiate the better slots in Las Vegas, slot machines can become more of a calculated game than intended.
Overall, Vegas is the numero uno destination to play slots in the United States. The key is to be wise and risk only as much as you can afford to lose.
Slot Wins 2020
It is essential to ask around and try some old slots that have a proven track record of wins. Don’t just be impressed with design and wager money in the excitement!