Aggregate US slot machine hold=7.7% (1143 Views)
Posted by:
breakage1 (IP Logged)
Date: July 26, 2016 10:32PM
http://www.agem.org/images/news/AGEM_Slot_Hold_Analysis_Report_FINAL.pdf
on page seven at the above link it has a chart dating back to 1990.
It is interesting after bottoming in 1996 at 5.96% that it is now up to 7.7%.
Regardless, horse racing is WAY TOO HIGH.
The math problem is the same, maximize revenue via a hold tax for a form of gambling entertainment via multi outcome events. The costs of providing that entertainment have no bearing on the optimal hold rate to maximize the incoming revenue.
If horse racing hold levels maximized take out levels-
Why aren't the slot companies and casinos charging same levels for slot machines?
Unlike racing, I would venture to guess that IGT, MGM et al have spent significant resources on the problem.
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Aggregate US slot machine hold=7.7% (1143 Views)
