Table games instead of slots
Slot machines in Maryland are suffering a significant decline of their popularity among younger generation. This tendency made casinos decrease of the number of slots, giving more room to table games. The largest gaming institutions of Maryland – Maryland Live, Horseshoe Casino Baltimore and Hollywood Casino Perryville threw away 1,350 slots for the last 15 months. This comprises 16% of the general amount of gaming machines. They intend to open more table games and other entertainments and to build restaurants.
Not only Maryland experiences such problems with slot machines and their revenues. In such state as Nevada, the amount of slots changed from 217,000 slots in 2001 to 175,000 in 2015. Consequently, the income of them decreased by 20% between 2007 and 2014.
The influence of tax policy
Some of the legislators believe that the existing situation is due to high taxes on slots – 57-61%, when table games have only 20%.
But at the same time MGM is going to launch its $12 billion Nation Harbor Casino and open 3,600 slots and 140 table games there.
In general, slot’s fans shouldn’t worry about the possibility to play.
Way-out of the crises
The governor of Nevada found the way to combat the situation by signing a bill to create more interactive slots to attract young gamblers. In interactive slots, you will not only rely on your fortune, but will need to apply certain skills to win. There is also an idea to create special “gaming zones” to go away from the sole slot experience.
But Maryland preferred to use a more old-fashioned approach. It created slots on the themes of famous TV shows “Game of Thrones”, “Sex and the City”, “CSI”.
More than that, Maryland Live installed Giant Jackpot of $100,000. On May 31, $97, 797, 57 was won on a 60-cent bet.
Our other casino related news here: New summer slots from Microgaming.