In Louisiana, at least as of early this morning, there are 37 different places where you can play a slot machine legally. The casino properties that offer slots are the Native American/Tribal casinos, Louisiana's riverboat casinos, and the state's officially licensed land-based casino and you can also play slots at one of four pari-muteul facilities (horse racing tracks) in the state as well.

Horse Racing
Photo courtesy of Gene Devine -U-yHjENTmMg-unsplash (1)
loading...

As an industry, the gaming business does very well in Louisiana. In 2022 it was estimated that revenue from Louisiana casinos totaled 2,593.1 million dollars. That number even outpaced Mississippi casinos. A large portion of Louisiana's gaming revenue is from slot machines.

For casino operators, the slot machine is the perfect employee. It never asks for a break. It never asks for a raise. It's always at work. And it makes the casino a lot of money. It's estimated that a single machine with various denominations on the input can earn more than $80,000 in profit for a typical casino.

OldSchoolSlots via YouTube
OldSchoolSlots via YouTube
loading...

If you average that out over a year's time that "casino employee" will rake in some $29 million dollars. It's no wonder that casinos can offer cars, trips, and concert tickets to big spenders, but what about little spenders like you and me? We like to win too.

For us, the thing we need to learn and understand about slot machines is this. It's all about timing. For us to win, or anyone to win, you have to time the machine just right so that it pays off while you happen to be sitting in front of it with your wager inside. A lot of people would call that luck.

Las Vegas Casinos Hit By Economic Downturn
Ethan Miller/Getty Images
loading...

So, how do you improve your luck in a casino?

Some people say the best time to win at any casino game is to play at night. That might be totally true with table games. Those games require other players. So the influx of new players with extra money could certainly make the nighttime the right time for playing and winning better jackpots at blackjack, poker, or even craps.

Does Playing Slot Machines at Night Improve Your Chances of Winning?

The short answer is No. Playing a slot machine at night will not enhance your chances of winning. However, because more players have cycled through and played the machine the timing on the device may create a jackpot opportunity. However, the machine does not have a "sense of day" built into its technical algorithm.

Getty Images
Getty Images
loading...

What Day Do Slot Machines Payout the Most?

For the answer to this question, you will need to involve another electronic device that you happen to have in your home. For the best results, you'll need a toaster or a plug-in lamp. Once you have one of those items in front of you, ask the appliance this question "What day will you pay out the most"?  What? You didn't get an answer? Well, you won't get one from a slot machine either.

Bennett Raglin
Bennett Raglin
loading...

They are programmed to pay out at random intervals. And just like your toaster or your lamp, they don't "know" when the next jackpot will be paid out. You have to think of each spin as its own "unique" game. It is not tied to the spin before nor is it tied to the spin that's coming up.

Now it is true that casinos can adjust the payout percentage rate on each machine but keep in mind a .25 cent payout on a $1.00 bet is still technically a "win". So, don't fall for the high win percentage claims.

Alexander Mils via Unsplash.com
Alexander Mils via Unsplash.com
loading...

What we have learned is that there is no better time or day to play a slot machine in hopes of getting a big win. Our hope is that you realize these machines are for entertainment purposes only and to play them responsibly. If you or someone you love has an issue with gambling, please call 1-877-770-STOP (7867)

LOOK: See the Most Famous Musician Born the Same Year As You

Stacker identified musicians born in every year from 1920 to 2003 and determined the most famous born the same year as you.

Gallery Credit: Stacker

 

 

 

 

 

 

 

More From Newstalk 860