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There is no doubt that slot machines have grown in the
last twenty years—but when you look at the growth in terms of numbers, it is
amazing just how much the slot machine industry has expanded. In the United
States alone there are roughly 750,000 slot machines—compare that number
with the 90,000 slot machines of 1985 its obvious that slot machines grow
exponentially each year.
Then consider that new legislation in Pennsylvania, Ohio, and other states
are voting to either bring slot machines to the state, or they are voting to
increase the number of slot machines in operation within the state. Because
of the laws governing the slot machines and gaming industry in the United
States, each state has the ability to allow slot machines if they choose,
and to control the amount of slot machines and the percentages of revenue
that go directly to the state government.
So what is the draw of slot machines? Why are casinos so eager to increase
the slot machines within their casino? It comes down to the simple fact that
slot machines account for approximately 70% of the casino’s revenue. They
are a HUGE moneymaker! And another benefit of slot machines is the amount of
money the slot machines bring to the local and state governments. Because
the states control the slot machines industry, the state, and the voters
have control over the percentage the state receives of the slot machine
revenue. This money is often used by the state to offset the gambling
addictions, and any other negative effects the slot machines have on
surrounding communities.
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