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- The popularity of Slot Machines is due to the intrigue and excitement of pulling the lever and watching the reels spin. Casino Slot Machines pay out a variety of winnings depending how much you wager. All of our Slot Machines come with enough “funny money” tokens to keep the entertainment going for hours. You can rent as many machines as.
- Nov 12, 2019 Introduction to Florida Slot Machine Casino Gambling in 2019. Florida slot machine casino gambling consists of eight pari-mutuel racetracks in Broward and Miami-Dade Counties, seven tribal casinos, and day-long casino cruises. A theoretical minimum payout exists, and monthly return statistics are publicly available for the eight commercial racinos.
Slot Machine Ownership. Citizens of Florida aren’t allowed to own new slot machines but may possess machines that are at least 20 years old. The laws are designed so collectors can build a collection of machines but only licensed casinos and racinos can have newer machines. Florida Lottery.
Introduction to Florida Slot Machine Casino Gambling in 2019
Florida slot machine casino gambling consists of eight pari-mutuel racetracks in Broward and Miami-Dade Counties, seven tribal casinos, and day-long casino cruises.
A theoretical minimum payout exists, and monthly return statistics are publicly available for the eight commercial racinos. Neither are available for Florida’s tribal casinos.
This post continues my weekly State-By-State Slot Machine Casino Gambling Series, an online resource dedicated to guiding slot machine casino gambler to success. Now in its third year, each weekly post reviews slots gambling in a single U.S. state, territory, or federal district.
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Relevant Legal Statutes on Gambling in Florida*
The minimum legal gambling age in Florida depends upon the gambling activity:
- Land-Based Casinos: 21
- Poker Rooms: 18
- Bingo: 18
- Lottery: 18
- Pari-Mutuel Wagering: 18
State gaming regulations have authorized slot machines at pari-mutuel wagering race tracks located in Broward and Miami-Dade Counties. These counties contain the cities of Miami and Fort Lauderdale in southern Florida.
*The purpose of this section is to inform the public of state gambling laws and how the laws might apply to various forms of gaming. It is not legal advice.
Slot Machine Private Ownership in Florida
In Florida, it is legal to own a slot machine privately if it is at least 20 years old.
Gaming Control Board in Florida
The gaming control commission is the Division of Pari-Mutuel Wagering within Florida’s Department of Business & Professional Regulation (DBPR). Pocket poker texas holdem app.
Overall, the DBPR authorizes, regulates or provides oversight for Florida’s gaming industries of:
- Pari-mutuel wagering, including
- Horse racing
- Harness horse racing
- Greyhound racing
- Jai alai games
- Cardroom games
There are over three dozen pari-mutuel wagering facilities in Florida for which the DBPR is responsible, including the eight sites with slot machines. The DBPR does not regulate bingo, the Florida Lottery, or day-long casino boats.
Historically, Florida has a long history of gambling, starting 100 years before gaming became legal. For example, at his first hotel, the Ponce de Leon in St. Augustine in 1888, Henry Flagler created the exclusive and famous Bacchus Club Casino.
Tribal gaming originally arrived in Florida with the federal Indian Gaming Regulatory Act (IGRA) of 1988. With it, Florida’s two federally-recognized American Indian tribes opened casinos offering Class II bingo-style gaming.
Eventually, the Seminole Tribe of Florida has successfully negotiated a tribal-state compact allowing them to offer Class III Vegas-style gaming at their seven casinos.
However, the Miccosukee Tribe of Indians of Florida did not successfully complete their gaming compact negotiations, limiting them to Class II bingo-style gaming machines at their single casino.
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Casinos in Florida
There are eight pari-mutuel racetracks with slot machines, seven American Indian tribal casinos, and two daily casino cruise ships based in Florida.
The largest casino in Florida is Seminole Hard Rock Hotel & Casino Tampa with nearly 5,000 gaming machines and 179 table games.
The second-largest casino is Seminole Casino Hotel Immokalee with 1,300 gaming machines and 38 table games.
Commercial Casinos in Florida
Eight of Florida’s 39 pari-mutuel wagering facilities offer slot machines. These racinos are in Broward and Miami-Dade Counties hosting Miami and Fort Lauderdale:
- The Big Easy Casino in Hallandale Beach.
- Calder Casino in Miami Gardens.
- Casino Miami in Miami.
- The Casino @ Dania Beach in Dania Beach.
- Gulfstream Park Casino in Hallandale Beach.
- Hialeah Park Racing & Casino in Hialeah.
- Isle Casino Pompano in Pompano Beach.
- Magic City Casino in Miami.
Tribal Casinos in Florida
Florida’s seven tribal casinos are in southern Florida, including:
- Miccosukee Resort & Gaming in Miami located 24 miles west of downtown Miami.
- Seminole Casino Brighton located 135 miles south of Orlando.
- Seminole Casino Coconut Creek located 25 miles north of Fort Lauderdale.
- Seminole Casino Hotel Immokalee located 35 miles northeast of Naples.
- Seminole Classic Casino in Hollywood located 1 mile south of Fort Lauderdale.
- Seminole Hard Rock Hotel & Casino Hollywood located 1 mile south of Fort Lauderdale.
- Seminole Hard Rock Hotel & Casino Tampa located 80 miles southwest of Orlando.
Other Gambling Establishments
As an alternative to enjoying Florida slot machine casino gambling, consider exploring casino options in a nearby state. Bordering Florida is:
- North: Georgia Slots
- North and West: Alabama Slots
- Southeast: Puerto Rico Slots and U.S. Virgin Islands Slots
Each of the links above will take you to my state-specific blog for that neighboring state to Florida.
Besides a host of multi-day international cruise ships with casinos, there are two day-long casino cruise boats with onboard Vegas-style gaming available in Florida:
- Tropical Breeze Casino in Port Richey located 37 miles northwest of Tampa.
- Victory Casino Cruises in Port Canaveral located 60 miles southeast of Orlando.
Our Florida Slots Facebook Group
Are you interested in sharing and learning with other slots enthusiasts in Florida? If so, join our new Florida slots community on Facebook. All you’ll need is a Facebook profile to join this closed Facebook Group freely.
There, you’ll be able to privately share your slots experiences as well as chat with players about slots gambling in or near Florida. Join us!
Payout Returns in Florida
Pari-mutuel wagering sites with slot machines in Florida have a minimum theoretical payout of 85%. Actual return statistics by month and casino are publicly available. However, you’ll need to perform some calculations to obtain player win percentages.
To calculate Player Win% for each racino, multiply 100% by Credits Out and divide the result by Credits In. Using the latest statistics available at the time of this writing, September 2019, the monthly player win percentages are:
- The Big Easy: 100% times Credits Out of $33.34M divided by Credits In of $36.36M results in a Player Win% of 91.7%.
- Calder Casino: 100% x $102.9M / $113.1M = 91.0%.
- Casino Miami: 100% x $82.17M / $88.86M = 92.5%.
- The Casino @ Dania Beach: 100% x $41.71M / $45.41M = 91.9%.
- Gulfstream Park: 100% x $45.89M / $49.80M = 92.1%.
- Hialeah Park: 100% x $104.8M / $112.0M = 93.6%.
- Isle Casino Pompano: 100% x $90.17M / $99.60M = 90.5%.
- Magic City: 100% x $123.6M / $132.3M = 93.4%.
The average return for all racinos in September 2019 was 92.3%. For this month, the highest performance went to Hialeah Park, with 93.6%, closely followed by Magic City at 93.4%. The lowest return went to Isle Casino with 90.5%.
Florida’s tribal casinos do not share theoretical limits on their slot machine payout percentages, nor do they make actual payout return statistics publicly available.
Florida Casinos With Slot Machines
Summary of Florida Slot Machine Casino Gambling in 2019
Florida slot machine casino gambling consists of eight pari-mutual wagering racinos near Miami and Fort Lauderdale, seven tribal casinos in southern Florida, and day-long cruise boats to international waters in Port Richey and Port Canaveral.
Commercial racinos have a theoretical minimum payout of 85% and publicly available monthly actual return statistics for each casino. Tribal casinos share neither payouts nor returns.
Annual Progress in Florida Slot Machine Casino Gambling
In the last year, Seminole Hard Rock in Tampa increased their slots by 25%, now with nearly 5,000 machines. Otherwise, the Isle Casino Racing Pompano Park became Isle Casino Pompano.
Archive: Florida Slot Machine Casino Gambling in 2018
Related Articles from Professor Slots
Other State-By-State Articles from Professor Slots
- Previous: District of Columbia Slot Machine Casino Gambling in 2019
- Next: Georgia Slot Machine Casino Gambling in 2019
Have fun, be safe, and make good choices!
By Jon H. Friedl, Jr. Ph.D., President
Jon Friedl, LLC
A slot machine will often have three or more reels or a video screen, which is spun when either the slot lever is pulled or a button is pushed.
How much does a slot machine cost?
On average, plan on spending anywhere from $200 for a novelty slot machine to as much as $3,000 for a higher-end model of a working slot machine, similar to the ones you see in a professional casino. This would be the price for those who are interested in buying a second-hand slot machine for their own entertainment purposes at home.
However, if you’re talking about what a casino pays for a slot machine, the costs could be much more. Experts have noted official casino slot machines can cost as much as $20,000. For instance, this article claims that Bally sells its machines for $9,671 each. The costs, in the end, will come down to the manufacturer, the quality of the hardware, the intellectual property it represents and title. Calvinayre.com, on the other hand, says the average IGT game sold for $13,000 in 2013, while another manufacturer, Multimedia Games, received over $18,000, on average, from its machines.
Gambler’s Paradise, a slot machine retailer located in Ohio, lists close to 50 slot machines, ranging from $600 to $3,000+
Refer to our table below to see what you may pay for a slot machine in working order on the second-hand market:
Type of Slot Machine | Average Price |
---|---|
Antique/Vintage Slot Machine | $1,000 to $3,000 |
Bally Slot Machines | $125 to $800 |
IGT Game King | $1,200 to $2,500 |
IGT Slot Machines | $400 to $700 |
Jennings Slot Machines | $1,600 to $3,200 |
Video Slot Machines | $400 to $1,600+ |
Williams Slot Machines | $650 to $2,000+ |
Slot machine overview
Generally, there are two common types of slot machines: a mechanical and computerized. When slot machines first hit the market, all were mechanical, operating gears and levels. Eventually, as the time when on, these gears were replaced with an electric slot machine which used motors and solenoids to run the gears. Today, most slot machines will use a computer to general a random number to generate the slot machine’s outcome.
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Retailers often include a limited warranty, which often lasts up to a year,
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What are the extra costs?
Repairs, depending on how much the slot machine is going to be used, needs to be factored in. Some machines can be more difficult to repair, whereas some machines will rely on a battery, which, over time, will need to be replaced as well. Even if the machine isn’t used for a long period of time, the battery may need to be replaced.
A common problem for slot machine owners, according to this eBay guide, is a lost door key. If this were to happen, you will either need to hire a locksmith, purchase a new one for $20 or so or learn how to drill and barrel the locks.
Due to the size of a slot machine, freight shipping charges may apply.
Tips to know
There are legal implications if you’re thinking about buying a slot machine. In 41 states, it is legal to own a used slot machine, but in nine states: Alabama, Connecticut, Hawaii, Indiana, Nebraska, New Mexico, South Carolina, Tennesse and Wisconsin, it is 100 percent illegal. In 17 states, there will be a law that the slot machine must be, at a minimum, 25 years old. With all of that being said, check your state laws to make sure it’s legal to own.
How can I save money?
If you do not mind buying used, this can save you upwards of at least 50 percent. Try to explore the used inventory before buying new.
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