Which online slot machine has the best payout percentage? Fans of slot machines do not always reflect on the payout percentage of a video slot.
Megabucks offers some of the best slots in Vegas with the highest winnings. In 2014, a man playing a Megabucks slot machine in Rampart Casino hit a $14 million jackpot after playing for five minutes on a $20 bill when the slot paid off. This payout is not the only one from a Megabucks machine. Inferno Star – One of the Highest Paying Classic Slots Theme: Fruit Sub-Category: Classic slots Developer: Play’n GO Casino: Playamo Casino RTP: 96%. All slot machine software providers offer a range of payout percentages across their slots depending on what in game features are present and what betting options the player chooses. IGT are no different topping out at a return to player percentage of 97.35% on the Texas Tea slot but dipping as low as 92.53% on Siberian Storm Duel Play.
We, too, sometimes catch ourselves up. Too much we are guided by the comic theme, the swirling bonus rounds, the design and the maximum price you can win.
And that’s a shame.
Because no matter how much the eye wants, a flashy appearance does not always mean everything.
There is a very important factor, which, certainly in the long term, can make a huge difference if you look at how successful your gambling activities are.
The payout percentage of a slot machine.
What does the payout percentage for a slot machine mean?
The payout percentage of an online slot machine is also called payout percentage or RTP (Return To Player). This number is expressed as a percentage and indicates which part of the total stake is paid out to the player on average.
Of course, the higher the payout percentage of a slot machine, the better it is for the player.
How is the payout percentage calculated?
The easiest way to show how the payout percentage is calculated is by means of a calculation example:
Example: a payout percentage of 96.5%
The fabulous slot machine Creature From The Black Lagoon by Netent has a payout percentage of 96.5%. This means that with this video slot of every 100 euros that is used by the player, an average of 96.50 euros will be refunded to the same player. The house advantage in this case is 100% minus 96.5%, which amounts to 3.5%. Of every 100 euros that is used, 3.50 euros remains behind in the online casino.
The payout percentage is calculated over hundreds of thousands of turns and therefore says nothing about the short term. It is of course quite possible that during your game you have a nice winning combination in short several times in succession, or even a lucrative bonus feature. Then the chances are that you are on profit. We call this happiness in the vernacular, but it actually means that you are on the right side of the statistics.
If you play long enough, you will automatically be caught up by the payout percentage and you will ultimately end up losing.
Which online slot machine has the highest payout percentage?
We have put 5 online slots with extremely high payout percentages in front of you. Which do you choose?
1. Mega Joker (Netent): up to 99%
Mega Joker is an online slot machine from Netent with a payout percentage of up to 99%. Pay attention! This only applies in the so-called top game: make sure you play your game as much as possible here.
2. 1429 Uncharted Seas (Thunderkick): 98.6%
1429 Uncharted Seas is a beautiful video slot from Thunderkick, with impressive graphics, a beautifully worked-out theme and a free spins bonus with flapping wilds. Recommended!
3. Blood Suckers (Netent): 98%
Blood Suckers from Netent has been a big favorite with online casino players for years and that has everything to do with the many bonus features and the sky-high payout percentage of 98%. Meanwhile, there is also a Blood Suckers II released, but it does not pay as much as the first part, which is seen as a true online classic.
4. Kings of Chicago (Netent): 97.8%
Lovers of video poker and fans of high-paying slots will enjoy Kings of Chicago from Netent. This video slot combines elements of slots with elements of Video Poker. So the highest payout is of course for the Royal Flush and there are wilds and free spins bonuses.
5. Big Bad Wolf (Quickspin): 97.34%
Big Bad Wolf is perhaps one of the nicest online slots ever made, with unique bonus features, great potential and great animations. Equally exceptional is the payout percentage of over 97.3%.
What about the payout percentages of progressive jackpot slots?
Progressive jackpot slots are hugely popular with online casino players. They are also extremely profitable for online casinos , because the chance of winning your money is extremely small. And if you win that towering jackpot worth several million, the casino will not feel that pain. Because it is the provider (for example, Netent or Microgaming) who pays out the jackpot and not the casino itself.
Why is it that progressive jackpot slots like Mega Moolah and Mega Fortune are so popular?
We almost hear it: if progressive jackpot slots pay so badly, why are they so hugely popular?
That has everything to do with something called “sucker bet” in casino jargon. A sucker bet is a bet with very unfavorable conditions for the player, who is being served with a big pay-off. In other words, the player is presented with a fat sausage, so that he no longer dwells on his actual chances of winning.
In essence, progressive jackpot slot machines create a beautiful smokescreen by screening with their jackpots that are worth millions of dollars. With this they throw sand in the eyes of the players, who are so blinded by the high prices, that they completely disregard the ratio. Because of this many players ignore the fact that many progressive jackpot slots have a very low payout percentage.
Where non-progressive video slots pay between 96% and 99%, many progressive jackpot slot games are well below:
- Mega Moolah (Microgaming): 88.12%
- Hall of God (Netent): 95.3% – 95.7%
- Mega Fortune (Netent): 96.6%
- Mega Fortune Dreams (Netent): 95.9% – 96.4%
- Joker Millions (Yggdrasil): 94.3%
- Empire Fortune (Yggdrasil): 94.3%
- Progressive Jackpot slots in land based casinos: 88% – 92%
Tears shoot entirely in your eyes when you know that progressive slot jackpot on any spin contents around 7% -8% as contribution to the progressive jackpots. There is a reason why progressive jackpots always increase so fast: each bet contributes significantly to the growth of the same progressive jackpot.
Now you understand why it is almost impossible to win on progressive jackpot slot machines. Unless you win the jackpot, but that chance is negligible again.
We therefore always recommend to play only limited on progressive jackpot slots and only if the jackpot is on a larger than average level.
Slot machines are big business in the gambling industry. You can win big money from a small bet – and they’re easy to play. The question we all want to know is: how to pick a winning slot machine and find the ones that pay out the most?
1. Pick slots with the highest “Return to Player Percentage”
If you’re looking for slot machines that are most likely to hit, then you want slots that have the highest percentage of RTP.
Essentially, the higher the RTP percentage, the more likely the slot is to pay out.
How is RTP calculated?
Well, if you take a slot that has an RTP of 94% then the theory is that if you put $100 into the slot then you could expect an estimated return in winnings of $94 (over a long period of time). Obviously, that’s a rough guide and is not the case for every player.
2. Scan message boards and threads online
The likes of TripAdvisor forums and Reddit often have slots players sharing their experiences of trips to places such as Las Vegas, Atlantic City, and Macau. These players will then often highlight slots at casinos where they have enjoyed decent pay outs.
You can also pick up handy tips and tricks from other players.
3. Use casino comparison sites
If you don’t want to spend time trawling threads looking for online slots with the best payouts, a great place to look is on comparison sites that offer independent online slots reviews.
You’ll find slots with the best RTPs as well as a list of the online casinos offering the games and, best of all, you don’t have to lift a finger.
4. Research game developers to find out which offer high RTP%s
For players starting afresh, a fair bit of research will be required to find out where to find the slots most likely to hit. It won’t take long before certain trends start to appear.
Slots by the same developers constantly being mentioned, certain casinos being identified as possessing loose slots, and slot machines by name that have proven to be big earners for players.
Online software developer Playtech has a reputation for releasing slots with high RTP percentages. Slots such as Goblin’s Cave, Ugga Bugga, and Ocean Princess all offer above average RTP.
Other developers such as Barcrest, WMS, and NetEnt are also renowned for their slots with high RTP.
5. Avoid games that hardly ever pay out
On the flip side of tip #4, it will also be worth taking note of the slots that are notorious for not paying out. The more slots you can add to a blacklist of bad earners helps to narrow down the slots that can be labelled for their higher payouts.
A number of slots have been highlighted by players as games to avoid due to their low RTP. The likes of Wish Upon a Jackpot by Blueprint Gaming, Adventures in Wonderland by Ash Gaming, and King Kong by Cryptologic frequently appear on such lists.
How do slot machines work?
You insert money, spin the reels, and wait to see if you won anything. It’s simple. But inside the machine it’s a bit more complicated than that.
Slot machines work by using a complex piece of software, known as a random number generator (RNG). This determines the results of every spin. So when you spin the reels, the RNG ensures that whatever outcome it produces is totally random.
Some people might sit and play slots for hours on end, winning nothing, while someone else may come along and win on their first spin.
And when they pay out, they really pay out…
Slots pay out how much each day in Vegas?
The Nevada Gaming Control Board found that in 2017 there were 38,434 slots in operation across 40 locations on the Las Vegas Strip. It was estimated that those machines generated revenues worth $269,527,000 per month. That equates to an average slot generating $226 per day.
This figure is even more startling when you consider that most slot machines have an RTP (return to player) over 90%. The average slot pays out at a rate of 93-94%. That gives an insight into how much money is pumped into the machines each day.
It should be noted that these figures might be for Las Vegas but it is a trend that echoes around the world. The RTP is dependent on the manufacturer rather than the casino. Slots developers can set a range for the RTP but the casinos must stick to offering an RTP within that range.
Progressive Jackpots FTW
One of the big draws of slot machines is the fact that they can create millionaires in an instant. Progressive jackpots online offer prize money that is on a par with national lottery games.
On September 28, 2018, a record-breaking progressive jackpot win of €18,915,721 was triggered by an anonymous player on the Mega Moolah slot by Microgaming at Grand Mondial online casino. It’s paid out over a whopping €874 million since it began.
A number of other slot machines have paid out crazy sums of cash in the past. On January 20, 2013, an anonymous player won €17,860,868 on the Mega Fortune slot by NetEnt at the Finland-based Paf Casino. Online progressive jackpots are crazy popular because the minimum bet values are lower than at land-based casinos and the convenience of accessing them remotely or on the go makes them more appealing than trekking from casino to casino by foot.
Progressive jackpots are not restricted to online slots, though. The largest ever payout on a slot machine came back on March 21, 2003, when a 25-year-old engineer from Los Angeles triggered a jackpot worth $39,710,826 on the Megabucks slot at the Excalibur casino.
What Slot Machines Have The Highest Payout Amounts
The Megabucks slot has also paid out sums of $34,955,489 to Cynthia Jay-Brennan on January 26, 2000, at the Desert Inn casino. $27,570,879 to a 67-year-old retired flight attendant at the Palace Station on November 15, 1998, and $22,618,156 to Johanna Huendl at Bally’s on March 27, 2002.
You are more likely to win on a game with a smaller jackpot over these huge progressives, however, it’s still possible to get lucky and scoop a massive cash prize off just one spin.
Slots are a beast in their own right. You can spend all day playing the slots with the highest RTP and get nothing. Then you could have two spins on a slot that is reputedly dry as a bone and hit a big payout. Sometimes the only way to find out what works and what doesn’t is to get out there and spin those reels yourself.
Sources:
https://gaming.nv.gov/
https://www.tripadvisor.co.uk/ShowTopic-g45963-i10-k21393-Which_slots_are_easiest_and_best_to_win_on-Las_Vegas_Nevada.html
https://www.reddit.com/r/gambling/comments/8akung/what_are_some_practical_tips_from_seasons/
https://www.microgaming.co.uk/News/Multiple-millionaires-made-on-Microgamings-Mega-Moolah
https://lasvegassun.com/news/2012/may/23/nine-biggest-las-vegas-jackpots/