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Casinos earn coin from penny slots…

Posted on 01 September 2009

The penny slot machine, once a joke among serious gamblers, is the hottest form of betting during this recession. Even casinos that cater to wealthy gamblers are replacing $1 machines with video slots that accept bets one cent at a time. “You can play longer with less money on penny slots,” says Ed Feigenbaum, editor of Indiana Gaming, a newsletter. The penny machines accounted for 36% of all bets at Indiana casinos in July, up from 8% in 2005. USA Today examined gambling data in seven states and found penny slot revenue soaring everywhere. Las Vegas was slow to pick up on the trend to penny slots, but it has has jumped on board, too.

Source: USA Today

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