Slot Machine Business Florida

5/16/2021by admin

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Introduction to Florida Slot Machine Casino Gambling in 2019

Gameroom Show sells pre-1940s vintage slot machines in excellent, working condition. These rare antique slot machines are also known as “one-armed bandits” because they were originally operated by one lever on the side of the machine as opposed to a button on the front panel, and because of their ability to leave the gamer impoverished. Gameroom Show sells multi-slot machines, Watling. Identification of Program Storage Media, and Slot Machine Technical Requirements: 8494307: 4/9/2010 Vol. 36/14: Proposed 61D-14.044 The purpose and effect of the proposed rule will be to implement and interpret Florida Statutes that relate to rules regulating the conduct of slot machine operations at pari-mutuel racing facilities.

Florida slot machine casino gambling consists of eight pari-mutuel racetracks in Broward and Miami-Dade Counties, seven tribal casinos, and day-long casino cruises.

A theoretical minimum payout exists, and monthly return statistics are publicly available for the eight commercial racinos. Neither are available for Florida’s tribal casinos.

This post continues my weekly State-By-State Slot Machine Casino Gambling Series, an online resource dedicated to guiding slot machine casino gambler to success. Now in its third year, each weekly post reviews slots gambling in a single U.S. state, territory, or federal district.

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Relevant Legal Statutes on Gambling in Florida*

The minimum legal gambling age in Florida depends upon the gambling activity:

Land-Based Casinos: 21
Poker Rooms: 18
Bingo: 18
Lottery: 18
Pari-Mutuel Wagering: 18

State gaming regulations have authorized slot machines at pari-mutuel wagering race tracks located in Broward and Miami-Dade Counties. These counties contain the cities of Miami and Fort Lauderdale in southern Florida.

*The purpose of this section is to inform the public of state gambling laws and how the laws might apply to various forms of gaming. It is not legal advice.

Slot Machine Private Ownership in Florida

In Florida, it is legal to own a slot machine privately if it is at least 20 years old.

Gaming Control Board in Florida

The gaming control commission is the Division of Pari-Mutuel Wagering within Florida’s Department of Business & Professional Regulation (DBPR).

Overall, the DBPR authorizes, regulates or provides oversight for Florida’s gaming industries of:

Pari-mutuel wagering, including
- Horse racing
- Harness horse racing
- Greyhound racing
- Jai alai games
Cardroom games

There are over three dozen pari-mutuel wagering facilities in Florida for which the DBPR is responsible, including the eight sites with slot machines. The DBPR does not regulate bingo, the Florida Lottery, or day-long casino boats.

Historically, Florida has a long history of gambling, starting 100 years before gaming became legal. For example, at his first hotel, the Ponce de Leon in St. Augustine in 1888, Henry Flagler created the exclusive and famous Bacchus Club Casino.

Tribal gaming originally arrived in Florida with the federal Indian Gaming Regulatory Act (IGRA) of 1988. With it, Florida’s two federally-recognized American Indian tribes opened casinos offering Class II bingo-style gaming.

Eventually, the Seminole Tribe of Florida has successfully negotiated a tribal-state compact allowing them to offer Class III Vegas-style gaming at their seven casinos.

However, the Miccosukee Tribe of Indians of Florida did not successfully complete their gaming compact negotiations, limiting them to Class II bingo-style gaming machines at their single casino.

Casinos in Florida

There are eight pari-mutuel racetracks with slot machines, seven American Indian tribal casinos, and two daily casino cruise ships based in Florida.

The largest casino in Florida is Seminole Hard Rock Hotel & Casino Tampa with nearly 5,000 gaming machines and 179 table games.

The second-largest casino is Seminole Casino Hotel Immokalee with 1,300 gaming machines and 38 table games.

Commercial Casinos in Florida

Eight of Florida’s 39 pari-mutuel wagering facilities offer slot machines. These racinos are in Broward and Miami-Dade Counties hosting Miami and Fort Lauderdale:

The Big Easy Casino in Hallandale Beach.
Calder Casino in Miami Gardens.
Casino Miami in Miami.
The Casino @ Dania Beach in Dania Beach.
Gulfstream Park Casino in Hallandale Beach.
Hialeah Park Racing & Casino in Hialeah.
Isle Casino Pompano in Pompano Beach.
Magic City Casino in Miami.

Tribal Casinos in Florida

Florida’s seven tribal casinos are in southern Florida, including:

Miccosukee Resort & Gaming in Miami located 24 miles west of downtown Miami.
Seminole Casino Brighton located 135 miles south of Orlando.
Seminole Casino Coconut Creek located 25 miles north of Fort Lauderdale.
Seminole Casino Hotel Immokalee located 35 miles northeast of Naples.
Seminole Classic Casino in Hollywood located 1 mile south of Fort Lauderdale.
Seminole Hard Rock Hotel & Casino Hollywood located 1 mile south of Fort Lauderdale.
Seminole Hard Rock Hotel & Casino Tampa located 80 miles southwest of Orlando.

Other Gambling Establishments

As an alternative to enjoying Florida slot machine casino gambling, consider exploring casino options in a nearby state. Bordering Florida is:

North: Georgia Slots
North and West: Alabama Slots
Southeast: Puerto Rico Slots and U.S. Virgin Islands Slots

Each of the links above will take you to my state-specific blog for that neighboring state to Florida.

Besides a host of multi-day international cruise ships with casinos, there are two day-long casino cruise boats with onboard Vegas-style gaming available in Florida:

Tropical Breeze Casino in Port Richey located 37 miles northwest of Tampa.
Victory Casino Cruises in Port Canaveral located 60 miles southeast of Orlando.

Our Florida Slots Facebook Group

Are you interested in sharing and learning with other slots enthusiasts in Florida? If so, join our new Florida slots community on Facebook. All you’ll need is a Facebook profile to join this closed Facebook Group freely.

There, you’ll be able to privately share your slots experiences as well as chat with players about slots gambling in or near Florida. Join us!

Payout Returns in Florida

Pari-mutuel wagering sites with slot machines in Florida have a minimum theoretical payout of 85%. Actual return statistics by month and casino are publicly available. However, you’ll need to perform some calculations to obtain player win percentages.

To calculate Player Win% for each racino, multiply 100% by Credits Out and divide the result by Credits In. Using the latest statistics available at the time of this writing, September 2019, the monthly player win percentages are:

The Big Easy: 100% times Credits Out of $33.34M divided by Credits In of $36.36M results in a Player Win% of 91.7%.
Calder Casino: 100% x $102.9M / $113.1M = 91.0%.
Casino Miami: 100% x $82.17M / $88.86M = 92.5%.
The Casino @ Dania Beach: 100% x $41.71M / $45.41M = 91.9%.
Gulfstream Park: 100% x $45.89M / $49.80M = 92.1%.
Hialeah Park: 100% x $104.8M / $112.0M = 93.6%.
Isle Casino Pompano: 100% x $90.17M / $99.60M = 90.5%.
Magic City: 100% x $123.6M / $132.3M = 93.4%.

The average return for all racinos in September 2019 was 92.3%. For this month, the highest performance went to Hialeah Park, with 93.6%, closely followed by Magic City at 93.4%. The lowest return went to Isle Casino with 90.5%.

Florida’s tribal casinos do not share theoretical limits on their slot machine payout percentages, nor do they make actual payout return statistics publicly available.

Summary of Florida Slot Machine Casino Gambling in 2019

Florida slot machine casino gambling consists of eight pari-mutual wagering racinos near Miami and Fort Lauderdale, seven tribal casinos in southern Florida, and day-long cruise boats to international waters in Port Richey and Port Canaveral.

Commercial racinos have a theoretical minimum payout of 85% and publicly available monthly actual return statistics for each casino. Tribal casinos share neither payouts nor returns.

Annual Progress in Florida Slot Machine Casino Gambling

In the last year, Seminole Hard Rock in Tampa increased their slots by 25%, now with nearly 5,000 machines. Otherwise, the Isle Casino Racing Pompano Park became Isle Casino Pompano.

Other State-By-State Articles from Professor Slots

Previous: District of Columbia Slot Machine Casino Gambling
Next: Georgia Slot Machine Casino Gambling

Have fun, be safe, and make good choices!
By Jon H. Friedl, Jr. Ph.D., President
Jon Friedl, LLC

You can find as many objects to collect as you can find collectors, but some of the most interesting collectibles are slot machines. You can buy them used, but the legality of owning a gambling machine varies from state to state. This page takes a look at some of the issues involved in buying a used slot machine to start or expand a collection of your own.

Where Do You Live?

The first thing you should understand is that no matter where you live, if you’re using a slot machine to offer gambling to other people, you need a license. In some states, gambling is completely prohibited. Chances are you’re an individual collector and don’t have a gambling license, so don’t let people gamble on your games unless you have a high risk tolerance for illegal behavior.

In some states, even collectors aren’t allowed to own a used slot machine. These states include Alabama, Connecticut, Hawaii, Indiana, Nebraska, New Mexico, South Carolina, Tennessee, and Wisconsin. Ownership of slot machines, used or otherwise, is illegal in those states.

Other states have no legal restrictions on slot machine ownership as long as you’re not using them to run a gambling business. These states include: Alaska, Arizona, Arkansas, Kentucky, Maine, Minnesota, Nevada, Ohio, Rhode Island, Texas, Utah, Virginia, and West Virginia.

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The other states have specific guidelines based on the age of the machine. For example, in California, Delaware, Illinois, Iowa, Louisiana, Michigan, Mississippi, Montana, New Hampshire, North Carolina, North Dakota, Oklahoma, Oregon, South Dakota, Washington, and Wyoming, it’s legal to own a slot machine as long as it’s at least 25 years old. Other states have higher or lower age limits—in Florida you can own a slot machine as long as it’s 20 years or older, but in Massachusetts, it has to be at least 30 years old. And still other states base it on what year the machine was built; in Illinois and Iowa, for example, it’s only legal to own slot machines that were constructed before 1950.

To the best of my knowledge, this information is complete and accurate, but before buying your own used coin-op slot machine, you should check with local legal authorities to make sure you have the most up to date information. You should always obey the laws in whatever jurisdiction you reside.

What Kind of Dealer Are You Dealing With?

You’ll find plenty of people selling used slot machines on the Internet. Many of these are third-party sellers. That means they don’t offer slot machines directly; instead, they just take your order and then buy the slot machine from someone else and have it shipped to you. You’ll often notice that these third party dealers use stock images or pictures that were stolen from direct dealers’ websites.

It’s better to deal with a direct dealer when you can. These dealers will often offer a warranty on the machines they sell. They’ll also be able to help you over the phone if you’re having a problem operating your game. Third party dealers aren’t able to offer you this level of service.

One way to be sure you’re dealing with an actual dealer instead of a third party is to ask them if you’re able to visit their showroom or warehouse. Third party dealers, for obvious reasons, don’t have showrooms or warehouses.

What Kinds of Used Slot Machines CAN I Buy?

Most dealers offer reconditioned machines that have been retired from use in Las Vegas style casinos. Many of these are the same IGT (International Game Technology) manufactured games that you’re used to seeing in the casino, only older and more primitive. Most dealers also provide replacement parts and repair services.

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One thing to look for when considering buying a machine from a dealer is whether or not they use real glass or plexiglass. Real glass is superior as plexiglass fades over time. You can expect to pay a little more for a machine with real glass, but it’s worth the extra cost. If you’ve ever seen a faded plexiglass screen on a used slot machine, you’ll know what I mean.

Many of these games can be set up to enjoy on “free play” mode. You don’t have to insert any kind of money in order to play these games. You can even modify these games to pay out tickets.

Examples of some of the popular and well-known games available for sale on the Internet include titles like Cleopatra, Double Diamond, Munsters, Red, White, and Blue, Sizzling Senves, Tabasca, Texas Tea, and Wild Cherry slots. Many other titles are available besides these, but you’ll recognize a lot of these brand names as still being available (albeit in newer models) in casinos today.

Slot Machines In Florida

How Much Should I Spend?

Used slot machines are collectibles, and they’re priced accordingly. Shipping is usually going to be expensive, too. You can probably expect to pay at least $600 for a good machine and $200 for shipping. Video slots will cost twice that or more, and you’ll sometimes have the option of upgrading to a new LCD monitor when buying a video slot machine. Those are expensive, too–$400 or $500.

Other upgrades you can pay for include stereo sound packages, coin in coin out functionality, and/or backlit reels (on mechanical or electro-mechanical machines). These upgrades generally cost between $100 and $200 each.

Of course, these prices apply to relatively newer slot machines. Older antique slot machines can cost more or less. I’ve seen slot machines from the 1930s and 1940s that were beautifully refurbished for sale for as little as $325. Some of these older machines are barely recognizable as slot machines, but they make beautiful, conversation-worthy collections.

Conclusion