Seminole Compact

[Darlene]

After the last few dismal trips to the Tampa Hard Rock I went in search of the Seminole Compact with the State of Florida to see if there was any information on the payback percentage.

What I found in the compact was this: "The annual average minimum payout of all the slot machines in each facility shall not be less than eighty-five percent (85%).

Math has never been my strong suit, but from the way I read this and knowing that there are approximately 5000 slots, if an annual payout is 85% on the total machines, it's not wonder you can't buy a win.

Here's a link to the full compact for those interested:

http://www.seminolecompact.com/wp-co...ct-Signed1.pdf

[TwoArmedBandito]

Try to find a rule that if the payback percentage goes under 85% what the fine is. That may be under 85% and just paying a measly fine per day/month.

[sondor]

That's not that bad for NA casino's...From what I can find Wisconsin is 80% for NA casino's

[Darrell from WI]

That's not that bad for NA casino's...From what I can find Wisconsin is 80% for NA casino's

How depressing @sondor. No wonder why I lose so much here !!!



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[Darrell from WI]

That's not that bad for NA casino's...From what I can find Wisconsin is 80% for NA casino's

How depressing @sondor. No wonder why I lose so much here !!!



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[Moneybags]

Excellent work - thanks. In Oklahoma, we don't have a frickin' minimum.

[treyster]

Average can mean several things. Average in terms of coin-in?

Average in the number of machines that total 85%? 500 machines that are set at 95% and 500 machines that are set at 75% still average out to 85%. Set the $1 and higher machines at a higher payback and the penny machines at a lower payback.

[Jeani]

Nice work @Darlene for finding that information. From what I understand though is that there isn't anyone to regulate them (fine) them for violating anything. That State of Florida doesn't do it and I don't believe the federal gov't does it either. The State of Florida only regulates the racino's for violations. That's why the Seminole N/A casino's here are considered "golden".

[oldslotguy]

That's not that bad for NA casino's...From what I can find Wisconsin is 80% for NA casino's

and MI is (prolly) 75%. They have a choice of either NV/NJ laws. NV-75%/NJ-83%. Hmmmmmmm, which would they chose

[noleman]

After cleaning out the garage yesterday, I feel myself being drawn to the Hard Rock today. Have almost never left there a winner. This is going to be a disaster. And, there's some promotion open to all cardholders today, so the "best" of the local crowd will be there, including the button slappers, kids waiting for their parents in the hotel lobby, delinquents riding bikes through the parking garages checking door handles and trunks to see if they are open, etc.