Editors
D. Schwartz (Ed.)
Document Type
Occasional Paper
Publication Date
2-2010
Publication Title
Center for Gaming Research Occasional Paper Series: Paper 01
Publisher Location
Las Vegas, Nevada
Abstract
Since the advent of the current economic decline, speculation about the impact of “tighter” slot machines on gaming revenues and visitation patterns has been rife. Indeed, it is easy to make an intuitive link between higher slot hold percentages—that ultimately make the slot playing experience either shorter in duration or more costly, or both—and declines in revenue, handle, and visitation. But examining the slot hold percentages and slot denomination mix in the context of the changes in slot technologies over the years 1992 to 2009, it becomes apparent that there was no sudden arbitrary decision by slot managers to increase hold percentages. Instead, players have chosen, in increasing numbers, to play higher‐hold, lower denomination machines in place of lower‐hold, higher denomination ones. Player choice, not managerial initiative, has been the key determinant of higher slot holds in Nevada, and this pattern likely holds across the national industry.
Keywords
Boulder Strip; Gambler; Gaming; Las Vegas Strip; Nevada; Slot hold percentage; Slot machine; Slot player
Disciplines
Sociology | Tourism
File Format
Language
English
Repository Citation
Schwartz, D. G.
(2010).
Seeking value or entertainment? The Evolution of Nevada slot hold, 1992-2009, and the slot players’ experience. In D. Schwartz (Ed.),
Center for Gaming Research Occasional Paper Series: Paper 01
Available at:
https://digitalscholarship.unlv.edu/occ_papers/1