Do Casinos Change Payouts on Giveaway Days?

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Wrapped gift

Casinos will sometimes do big giveaways, whether gifts, gift cards, cruises… and so some wonder what that means for the slots those days:

Can casinos make the payouts less on days they have giveaways? Or is it the same percentage of payout everyday?

Julie T.

Casinos have settings in the slots where they can make changes. As a practical matter changing the entire floor is time consuming and doesn’t happen. Casinos set a bank up and leave them alone.

So you don’t need to worry about them being generous in one way and being stingy in another. What the slots will make over time, and what the giveaways will give back, are all part of the casino’s math.

Casinos will generally offer somewhere between 20 percent and 40 percent back of a player’s expected losses in comps. Those who qualify for giveaways have effectively already paid for them based on their previous play, because offers will look backward to previous casino visits to determine what a player will qualify for on their next visit.

Offers work under the assumption players will generally play at a similar level each visit. When they don’t, the offers will get adjusted up or down accordingly to reflect any shifts.

Giveaways are offers, and are baked into the math, so casinos don’t need to make changes to the machine’s payouts to account for them – the payback percentage a machine has is already set up to do what it needs to do so a casino can make those giveaways possible.

Slots have among the highest hold percentages for the house (the percentage the casino keeps over time) of games on the casino floor. They take less labor than table games, too, making them quite valuable. The good news for us is that means they comp us well for playing them, and payouts are generally consistent. The bad news is our money won’t last as long as playing games with a smaller percentage being held for the house on similar bets.

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