- Las Vegas Slot Machines Best Paying Slot Machines
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- The Best Paying Slot Machines In Las Vegas
When you visit a casino, all the action appears to be happening at the tables. But when it comes to ease of play and popularity, slots come out on top. In fact, casinos dedicate roughly 80% of their gaming floor to slots. Only 20% is for table games.
All electronic machines including slots, video poker, and video keno are included in these numbers and the highest-paying returns are shown in bold print. As you can see, the machines in downtown Las Vegas pay out slightly more than those located on the Las Vegas Strip.
The reason? Slots are more popular and account for more revenue than all other gambling sources combined. And for good reason. Playing a slot machine doesn’t require any gambling knowledge. On top of that, you can bet as little as $0.01.
What slots and table games have in common, however, is the enforcement of a withholding tax. If you’re one of the millions who visits Las Vegas annually, you need to remember that your winnings could be subject to a 30% withholding tax by the Internal Revenue Service (IRS).
Fortunately, Refund Management Services (RMS) can help you reclaim a portion or all of your withheld winnings.
Finding the Loosest Slots in Las Vegas
It’s not hard to find a slot machine in Nevada. In fact, there are over 490,000 slots and gaming machines in Clark County alone (the county where you find Las Vegas). And they’re not just located in casinos. You can find slot machines in the airport, gas stations, and convenience stores.
What is hard, though, is finding slot machines with the best payouts. After all, no one likes to go into a casino and lose $100 on the slots in 30 minutes. The goal is to win, or at least make your money last longer.
Thanks to increased competition in gambling hubs like Las Vegas, Reno, and Atlantic City, casino operators are battling for customers. To keep customers coming back, many casinos are increasing the number of jackpots at their slot machines.
All slot machines work on a payback percentage that the casinos can set. They can make a slot machine tight or loose. Loose slot machines increase the chances of a player hitting a payout. This creates excitement and helps keep players in their seats on the gambling floor.
For slots aficionados, it’s all about finding the loose machines. Not surprisingly, casinos do not advertise which machines are loose or the payout percentages of individual machines.
But that doesn’t mean you can’t do a little digging and find out which kinds of slot machines have the biggest win percentages. It turns out, you need to spend money to make money in Las Vegas.
Best Slots to Play in Las Vegas
Statistics from the Nevada Gaming Control Board show which slots offer the best payouts in the order of the denomination played. In June 2016 in Clark County, Megabucks progressive slots posted the worst win percentage at 85.15%.1
What that means is, for every $100 you spend, you can expect to win $85.15. Megabucks progressive slots generally have the worst win percentage because the huge jackpot outweighs the bad odds.
The best win percentages came from high-roller slots. Slots that accept denominations of $5, $25, and $100 returned 94.05%, 94.97%, and 94.35%, respectively. While you can lose your money faster with high-roller slots, the payout percentages are always better (on all slots regardless of the denomination) if you get the maximum amount on each spin.
The most fruitful games, when it comes to odds and cost, are the nickel and quarter slots. In June, nickel slots had a win percentage of 94.2% while quarter slots paid back 93.06%. Next to Megabucks, penny slots have the worst win percentage, returning 88.83%.
Casinos with the Most Slots in Las Vegas
The Orleans Hotel and Casino
The Orleans is a Mardi Gras-themed casino hotel located a few minutes west of the Strip. The casino floor covers 137,000 square feet and has over 2,600 slot machines. There is also a high-limit slot salon.2
The casino also has over 60 table games and a 35-table poker room. You can also find a seat in the 125-person race and sports book with 13 betting windows.
MGM Grand Las Vegas
The MGM Grand is located at the south end of the Strip. It’s easy to spot the MGM Grand casino—it’s a massive emerald-coloured complex with a 45-foot bronze lion out front.
The MGM Grand covers over 170,000 square feet and has 3,000 slot machines (with denominations ranging from $0.01 to $1,000. There are also around 200 table games, a 24-hour poker room, and a race and sports book.3
Sam’s Town Hotel and Gambling Hall
Sam’s is a sprawling casino resort 10 km east of the Strip. The 120,000-square-foot casino is spread out over three floors where you’ll find over 3,100 slot machines, 50 table games, an 11-table poker room, a 570-seat bingo room, and a 60-screen race and sports book.4
Casino Slot Winnings Subject to 30% Withholding Tax
Non-U.S. residents who win a significant amount of money playing the slots at any casino or gaming facility in the United States are subject to a 30% withholding tax by the IRS.
In the U.S., winnings from casino games and other games of chance (racetrack, game show) are considered income. If you win $2,000 playing the slots, the casino will pay you $1,400. The IRS keeps the rest. But if you live in a country like Canada, which has signed a U.S. tax treaty, you may be eligible for a refund.
There are a number of countries that currently do not have a U.S. tax treaty. However, if you reside in any of the following countries, you could still be eligible for a refund: Australia, Bahrain, Barbados, Brazil, China, India, Indonesia, Israel, Kuwait, Mexico, Malaysia, Monaco, New Zealand, Norway, Saudi Arabia, Singapore, South Korea, Switzerland, Taiwan, Thailand, and the U.A.E.
To see if you meet the criteria and are eligible to get some or all of your withholding tax back, contact RMS.
RMS, the Easiest Way to Get Your 30% Withholding Tax Back
If you’ve visited the U.S. and had 30% of your casino winnings held back by the IRS, Refund Management Services (RMS) can help you reclaim a portion or all of your taxable winnings.
Founded by a Canadian chartered accountant, RMS is Canada’s most reliable and experienced gaming and casino tax refund provider. Over the years, RMS has helped thousands of people around the world recover taxes on their U.S. gaming wins. We’ve also never been refused an eligible refund.
Only RMS has the One Simple StepTM process with an easy online form to fill out. After you complete the form, our customer service agents take care of the rest, processing and submitting it to the IRS. It can take a minimum of one year for the IRS to review the claim and for RMS to receive the refund.
Contact RMS today by calling our toll-free number at 1-855-860-2610 or by e-mailing us at [email protected].
Sources:
1. “June Gaming Revenue Report,” Nevada Gaming Control Board web site; http://gaming.nv.gov/modules/showdocument.aspx?documentid=11262.
2. “Play,” The Orleans Hotel and Casino web site; http://www.orleanscasino.com/play.
3. “Casino,” MGM Grand Las Vegas web site; https://www.mgmgrand.com/en/casino.html.
4. “Play,” Sam’s Town Hotel and Gambling Hall web site; http://www.samstownlv.com/play.
If you want to play slot machines in America, there’s nowhere quite like Las Vegas. Home to some of the biggest and best casinos in the world, let alone in the United States, Las Vegas is virtually synonymous with gambling.
And yet, many players who finally make it out to Vegas are overwhelmed by the sheer number of machines. How is a newbie in this town supposed to know which Vegas slot machines are the best and where to play them?
Las Vegas Slot Machines Best Paying Slot Machines
That’s why I’m here! I’ve been to Vegas a few times, but I’ve also spun the reels in lots of casinos across the states, in the Crown Casino in Melbourne, Australia, and at The Hippodrome Casino in London, so I know my way around most land-based slot machines.
From all of the slots that I have played and researched for this post, these are the top slots in Vegas. If you’re in Sin City, make sure you check these out.
The Top Five Slot Machines in Las Vegas
Before I give you the lowdown on each of the top five slots in Vegas, there are a few things you should understand. These are concepts which experienced slots players will already be familiar with, so it’s been written with beginner players in mind. Still, even if you’ve spun the reels more times than you can remember, this could be a good refresher for you.
- RTP – This is the payback rate of a slot machine. It’s an acronym for “Return to Player.” For example, a slot with an RTP of 96% generally pays back $0.96 out of every $1 wagered on it.
- Volatility – This determines how frequently a slot machine will pay and how big the wins are likely to be when it does. Low volatility slots pay smaller wins more often, and high volatility slots pay larger wins after longer losing streaks. Here’s a more in-depth article on slot volatility and variance if you’re interested in learning more about these concepts.
- Progressive Jackpot – Most of you will already know that a jackpot is the biggest win a machine can pay. A progressive jackpot is a collective jackpot often contributed to by multiple casinos. For example, every spin on Megabucks slot (which you’ll hear about below) contributes to the Megabucks progressive jackpot. This is why these jackpots can grow so huge.
Now, let’s shift focus and look at some of the best slot machines in Las Vegas.
1. Wheel of Fortune
The first Wheel of Fortune slot was released way back in 1966, and they’ve been a player favorite ever since. You’ll find them in most of the top Las Vegas casinos.
There are two dozen Wheel of Fortune slot machines, and which one(s) you’ll have access to depends on the casino you play at. They all have larger than average jackpots, though, and players are attracted to the money-wheel features.
Just like in the TV game show, you can access a bonus round which gives you the chance to spin a money wheel for cash prizes. If you’re lucky, a Wheel of Fortune slot machine will rain money down on you. These slots have made instant millionaires out of many hundreds of people over the years.
Best Paying Slot Machines In Las Vegas
2. Triple Red Hot 7s
Some players don’t like lots of fancy bonus rounds and extra features, they just want to spin the reels, attempt to win jackpots, and enjoy themselves.
If this describes you, Triple Red Hot 7s is for you. It’s an incredibly simple game with an old-school feel. It has three reels and is a high-volatility machine, meaning the wins tend to be explosive when they do come.
That’s not to say that this slot has absolutely no features. It does dish out free games, and some variants have game multipliers which can triple wins. Ask the casino attendant if they offer Triple Red Hot 7s and get started spinning ASAP.
3. Double Jackpot
One of Bally Technologies’ best slot machines, this one will also appeal to players who enjoy classic slot games. You’ll see all the familiar fruit machine symbols on the reels, like cherries, bells, bars, and 7s which can appear as singles, doubles, or triple 7 combos.
Double Jackpot slot can pay big wins. Five Double Jackpot game symbols across the reels pay 50,000. Just landing a Double Jackpot symbol in a regular winning combination can win you multipliers of up to 16x.
This is a simple, no-frills slot machine. You just need to sit, spin, and hopefully win. It’s a Vegas casino favorite!
4. The Monte Carlo
There’s no doubt that the Monte Carlo slot machine is one of the most interesting looking slots ever created. These machines stand taller than the average person, and since you’ll be sitting down to play it at most Vegas casinos, they seem huge.
Monte Carlo slots offer free spins and multipliers, but the main feature of these slots is the roulette wheel above the reels. If you land a Monte Carlo Spin symbol, you’ll get a spin on it. Each pocket has different win amounts in it, and one of them will award the Super Jackpot if you’re lucky.
This unique blend of slot machine crossed with roulette has made this one of the most popular land-based games of all time. I strongly suggest you check it out. Don’t expect to enter the roulette wheel feature too often, and do walk away if you experience a big win.
5. Megabucks
Now we come to the slot machine of all Vegas slot machines, the one that could change your life forever. Before I begin, let me whet your appetite with some of the biggest Megabucks jackpots of all time.
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- In 1998, a retired flight attendant played $300 on Megabucks at Palace Station and won $27.5 million.
- Elmer Sherwin, a WWII airman, won $4.6 million on Megabucks at the Mirage in 1989. Lady Luck visited him a second time when he won $21.1 million playing the same slot machine at the Cannery Casino a couple of decades later.
- A 25-year-old software engineer from Los Angeles won the biggest Megabucks jackpot to date when he scooped $39.7 million at the Excalibur in 2003.
You can read about more Megabucks slot jackpots here.
You can expect some free spins during gameplay, but look out for the Megabucks symbols. They can award multipliers of up to x5, and if you’re lucky enough to get them straight across a payline, you can win the Megabucks progressive jackpot. It’s this jackpot that made the above players filthy rich in a few seconds flat.
Where to Play the Best Las Vegas Slot Machines
This article wouldn’t be complete without an overview of which Las Vegas casinos are best for slots players. There’s no doubt that you’ll have plenty of choice in Las Vegas, but you’ll find that these casinos offer the best slots in town.
The Bellagio
Arguably the most famous casino in Las Vegas, the Bellagio has 2,300 gaming machines including slots and video poker games. Several of its machines offer progressive jackpots, and it also hosts regular slots tournaments with prizes worth up to $2 million.
MGM Grand
With 2,500 slot machines spread across this massive casino, this could be considered a slot player’s paradise. The MGM Grand offers popular machines like Heidi’s BeerHaus, 88 Fortunes, and Frogger: Get Hoppin’. You can play penny slots for $0.01 per spin, or you can wager up to $1,000 per spin on some of the MGM high limit slots.
Treasure Island
Another slots mecca, Treasure Island has 2,200 electronic gaming machines to choose from. Many of these are slot machines, but they also include video poker and keno. Visit the Link Lounge to play 80 progressive jackpot slots for a chance to win the biggest jackpots in Vegas.
Caesars Palace
This casino is associated with Las Vegas in the minds of many tourists. It has a massive floor boasting thousands of gaming machines, including some of the best Vegas slots as well as video poker and keno. If you’re looking for a particular game, the Caesars Palace website has a cool tool called the Slot Finder. Check it out if you ever find yourself in this Las Vegas casino.
Mandalay Bay
No, I’m not being paid by MGM Resorts to promote its casinos, several of which are on this list. They just happen to be some of the best casinos in Las Vegas, so I had to include them here. Mandalay Bay offers thousands of machines including The Goonies, Sphinx 4D, Texas Tea Pinball, and lots of others. Several of the slots listed above are available here including Wheel of Fortune, Monte Carlo, and Megabucks.
How to Win Slots in Vegas
I know you’re in Vegas to have some fun first and foremost, but wouldn’t it be awesome if you could come home with a massive jackpot, too? I can’t provide you with any surefire way to win Vegas slot machines, but I can give you a few pointers on how to win more often.
Forget Finding Loose Slots
When I first started playing slot machines, I wasted lots of time trying to find loose slot machines. What’s a loose slot machine? The idea is that it’s a machine that’s ready to pay anytime.
Slots players have different methods for finding loose slot machines. Some believe in playing after observing another player spin the reels for a long time without success. Others believe in playing a test amount of $10 or $20, and if they’re breaking events, they think this is a signal that the slot may pay soon.
I don’t believe in loose slots. I know that modern slot machines are controlled by Random Number Generators. The machine will not pay until the algorithm spits out the right number at the right time. There’s absolutely no telling when that might be, so just sit down, spin, and have some fun! If Lady Luck arrives, she arrives, and if not, there’s nothing you can do about it.
Don’t Play Progressive Slots at the Start
I know that most of the top Vegas slots I mentioned above are progressive jackpot games. I also know that the temptation of a Megabucks jackpot can be too much to turn away from. I’m not saying that you shouldn’t play progressive jackpot slots in Las Vegas, I’m just saying not to play them at the start of the night.
The chances of winning a progressive jackpot are slim, millions to one at best. Add to this that these slots have a notoriously low payback percentage, and playing them from the outset is the best way to blow your bankroll.
What I prefer to do is play low volatility slots which pay smaller amounts more frequently. It’s even better if they have a high RTP. Once I’m playing with house money and have safely tucked my starting bankroll back into my wallet, I switch to the progressive jackpot slots.
If I lose, it doesn’t matter. It was never my money until I cashed it out anyhow. That’s the mindset you have to have if you want to win in Vegas.
Trust Your Intuition
This is the one tip on this list that I can’t quantify. While I base the others on a hard-won understanding of how Las Vegas slot machines work, this tip is more mysterious, yet countless slots players will attest to its truth.
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Sometimes, for some unexplained reason, you just get a feeling about certain slots. You can just know for sure this isn’t your lucky machine, and other times, a seemingly random slot can grab your attention out of nowhere, and lo and behold, you scoop a massive jackpot.
Some players think this is Lady Luck guiding them, while others attempt to understand this intuition as the subconscious mind processing data you aren’t aware of. I don’t know what it is, but I know it’s real. Trust your intuition when you play slots in Vegas!
Now you know the best slot machines in Las Vegas and where to play them. With these top slots tips, you’ll have a better chance of winning. Good luck, and enjoy Las Vegas!
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