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Each slot machine requires quite a few parts to work. But the three biggest components include the cash-handling device, LCD display, and cabinet.
Each can differ in price depending upon how advanced they are. However, casinos have a general idea of how much they’ll pay for these different elements.
The cabinets alone can cost anywhere from $500 to $2,000. The lower end is based on when casinos order a large amount of slot machine cabinets at once.
You have to think that even though people can say they are random or they are controlled by some government agency, in the the end, all the information that we have about the inner workings of a slot machine comes from the casinos or people who represent them. There are going to be lots of things you can do in a casino, depending of course where those casinos are. If you are in Vegas then you can drink alcohol, smoke cigarettes and even sit there singing whilst playing a slot machine, as long as you are not making a nuisance of yourself. The Nevada Gaming Control Board, for example, requires that casinos wait until a slot machine has been idle for at least four minutes before changing RTP. The slot must sit for another four minutes before it can be played after the change (8 minutes total). The Gaming Control Board also demands that casinos leave a message on the screen showing.
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Cabinets are so expensive because they include a number of different elements. They require a sound system, power source, lighting, card reader, buttons, and more.
Casinos can save a little in this area by ordering cheaper products with no branding, but many gambling establishments do pay more to get game logos and other artwork.
The LCD display price is based on its size and output quality in terms of pixels. Regarding the former, the display screen sizes range from 19 inches to 23 inches.
Some of the newer games also require touchscreen technology, which increases the price. An advanced bill acceptor will also boost how much casinos are required to pay.
Taking everything into account, gambling venues usually pay anywhere from $250 to $300 for the LCD display. Of course, slot machines have a lot of other parts that factor into the price.
Here are some other components that can affect how much casinos must pay for slots.
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- Embedded gaming board
This board is what installs the game’s software. It can cost anywhere from $100 to $1,000, with the latter gaming board covering multiple games.
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- Game software
The actual game software starts at $3,000 and up. Paying the developer for onsite installation and setup can drive the price higher.
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- VGA converter
This part is crucial to the LCD display. Its price generally runs from $50 to $100.
- I/O evaluation board
This board increases the cost by anywhere from $100 to $200.