Las Vegas slot players leave USD 8M a year on casino floors, report finds
For whatever reason, gamblers have failed to redeem about $35 million in slot machine tickets since a law was enacted in 2011 to figure out what to do with the money. That law says that 75 percent of the money goes to the state, while the casinos keep the rest.
It’s fairly common in Las Vegas for players to forget about the anonymous tickets if worth small amounts. Tickets often expire after 180 days, and in some cases sooner depending on the casino.
The Nevada casino industry won about $11.1 billion from all gamblers in 2015, with slot machines accounting for about $7 billion of that figure. There were 170,000 slot machines statewide.
The casinos held on to 6.57 percent of slot wagers, the largest hold percentage since at least the year 2000, according to data from the University of Nevada Las Vegas’ Center for Gaming Research.
The Silver State had a record $8.45 billion in slot revenue in 2007, leading lawmakers and regulators to modernize the machines to cater to a younger generation of gambler.
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