Slot Machine Cost – How Much To Build A Casino Slot Machine?
How Much Does a Slot Machine Cost?
Without a doubt, the slot machine is probably the most popular gambling product in the world. Go into any bar or pub, and there will be some form of slot machine there. Of course, when dealing with the massive casino resorts like those found in Macau or Las Vegas, then they have huge casino gaming floors with thousands of slot machines. As you can imagine, all these slot machines are an expensive investment for casino companies. Maybe if you’ve been playing online at a modern slot machine, like the huge selection found at King Billy Casino, then you’ve probably wondered just how much a real one might actually cost to buy. Maybe you could even afford to have one at home. As you’ll see later, unfortunately, you’ll need to win the jackpot online before you could afford one.
Key Slot Cost Parts Price
- LCD Display: $500
- Slot Housing: $2000
- Cash/Coin Dispenser: $400
- Embedded Game Boards: $1000
- Game Software: $5000
- VGA Converter: $100
- Security Mechanisms: $500
- Connection and Transferring: $100
Why Are the Main Slot Machine Parts So Expensive?
We should point out that there’s no definitive answer as to how much a slot machine might cost you to buy. That’s because the prices can vary hugely. They differ thanks to the different components that are used. A good idea is to think of a slot machine as an Apple product. So you could have an older generation game, which looks like an iPhone 8 Plus, or a new one, which is represented by an iPhone 13 Pro Max.
Slot Machine Case Parts
Buying different casino apps for an iPhone means different levels of investment. Then, in the same way, the component cost for each individual slot is going to vary considerably. Let’s have a look at the different parts needed for the slot machine. And try to determine which ones are going to be expensive.
The Slot Housing
The housing is essentially the entire exterior box that you can see. Within this, you’ll find all the essential components such as power sources, card readers, the sound system, activation buttons and lighting. And each one of these components will have a different cost. Keep in mind that the nice custom paint job, along with the branded logos, makes things even more expensive. For that reason, just the slot’s housing can be over at $2,000. Which, if you think about it, is the price of a cheap car.
LCD Display
Because these LCDs are going to be with touch screen technology, they tend to be quite expensive. The sizes range from between 19” to 23” and the quality of all of them needs to be excellent. One of the major factors that will determine the actual LCD price is the total slot machine cost when it’s fixed into the housing.
Cash/Coin Dispenser
All machines will have a cash handling device. This is the mechanism that will pay out rewards in the form of cash, coins, tokens or all three. This will come in a standard form and works the same regardless of how expensive or cheap the slots housing or display are. These will also come as part of the slot machine’s housing. But it will cost on average between $200 to $400. Once again, a lot of the eventual costs depend upon the brand.
Embedded Game Board
The embedded game board is really the brains of the slot machine. It’s on this that they create the game’s software. It will be installed here by the game’s developers. Once again, there’s a huge difference in prices and these game boards can range between $100 and $1,000. It all depends if they’re handling a simple gaming process or multi-game boards which are capable of handling numerous processing operations and applications on a single machine.
Game Software
With the actual mechanics out of the way, probably the most expensive aspect of the slot machine is going to be the game software. In fact, this is the main factor that influences exactly how much a slot machine is going to cost. You can safely assume that most casinos are going to pay upwards of at least $3,000 for just the software insulation. But if the game developer company offers extra perks, such as online installation, then you’ll find the cost can sky-rocket.
VGA Converter
One of the most integral parts of any slot machine is the VGA converter or adapter. VGA is short for “video graphics array.” It’s responsible for enhancing the visuals, as well as allowing connections between multiple devices. This is especially true if a slot machine housing has more than one screen. On the whole, these are not so expensive. In fact, you wouldn’t expect to pay more than $100. So it has only a minor influence on the eventual cost of the slot machine.
Security Mechanisms
Once upon a time, trying to cheat the slot machine used to be a common activity. This was one way you might have tried to increase your jackpot winning chances. But all recent machines will have extraordinarily advanced security mechanisms, as well as programming, that prevents hackers from breaking in. Some of these safety security measures include chassis intrusion detection, button protection, security chip protection, the use of the random number generator and more. When you’re buying a slot machine for public use these are must-haves. It doesn’t matter what the machine cost. You’ll need to add on all the security measures in order to protect your business.
Internet Connection and Transferring
All of today’s slot machines are connected to the internet 24/7. In fact, a modern-day slot machine can’t operate without being on the worldwide web. You’ll often find that many slots also require Bluetooth technology. They are not expensive. Also, all slots require a WLAN modem, which is another essential component. Though none of these items is particularly expensive, they do all add up to the final cost.
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So How Much Does It Cost to Buy a Slot Machine for a Casino?
Adding up the cost of one of the cheapest standard slot machines will leave you around $10,000 out of pocket. Those massive casino resorts can cough up as much as $25,000 for a single slot. Keep in mind that some of the most famous resorts in Las Vegas may have around 2,000 slots online gaming floor. The Venetian Casino in Macau holds over 3,000 machines. As you can imagine, this is a serious investment in the slots. It also shows how popular they are and their potential for earning huge sums of cash.
It’s a given that the majority of casinos really don’t care about how much a slot machine costs. Without them, you are going to be seriously lacking in a customer base. When you consider how popular slot machines are with players, then it’s a no-brainer to purchase as many as you can. After all, they are rewarding, exciting and incredibly easy to play. These are the reasons why all gamblers love them. Whenever a new slot appears on the marketplace, casinos are quick to dive in and grab them for their own online casinos. After all, whatever it costs, it’s important to be totally up to date.
Slot Machine Cost for Online Casinos
With online gambling being so popular we can see that it’s projected to overtake the brick and mortar casinos very soon. If you take a look at some of the newest slots for 2022, you’ll see that there are a massive number of digital slots machines available. If you head over to King Billy Casino, you’ll find more slots than you could shake a stick at. In fact, if you are just a single player, it may take you months to try them all out individually.
The creation of an online slot machine is a totally different endeavour from creating a traditional machine in a land-based casino. It needs a different type of workforce and a different set of skills. Also, there are so many different types of digital slot machines, with all having unique features and designs, that the price range can also be quite extensive. Consider that all casinos want top tier products. This means that they need to work with the best possible talent. And that doesn’t come cheap. Graphic and interface designers, mobile developers and product managers are some of the highest-paying jobs in the world.
The Games Developers
If you’re thinking of purchasing online jackpot slots, then be prepared to pony up at least between $10,000 to $20,000. If you want to go for the best online software games developers, then you should expect to pay considerably more. So once you’ve added up the average online slot machine cost it’s going to be pretty similar to that of a mechanical one. There’s a huge pressure to rank at the top of the pile when it comes to the best gambling sites. To that end, they are prepared to pay whatever it takes to secure the best possible machines. They will commission the top software games developer companies in the gambling space in order to fulfil their needs. These are some of the best-known companies in the industry:
- NetEnt
- Microgaming
- Yggdrasil
- IGT
- NextGen
- Play’n GO
- Novomatic
- Pragmatic Play
- Playtech
- Red Tiger Gaming
- Williams Interactive
The Slot Machine Cost Versus the Price for a Table Game
Though the purpose of this article is to look into slot machine cost, both online and offline, it still would be interesting to compare that cost to that of other popular gambling products that can be found in the casino. If we’re talking about land-based casinos, then you’ll find that setups for playing table jackpot games are equally costly. Here are the most common casino table games along with their setup cost:
- Slot Cost: ~ $10,000 to $25,000+
- Roulette Table Cost: ~ $3500 to $7000+
- Blackjack Table Cost: ~ $2400 to $5000+
- Poker Table Cost: ~ $2000 to $5000+
- Baccarat Table Cost: ~ $4000 to $8000+
- Craps Table Cost: ~ $7000 to $12,000+
Even if we exclude the cost of some exotic custom gaming tables, covered in gold leaf or fancy ornamentation, all table games are going to be expensive to set up. Having said that, even taking into account extra table editions, along with fancy materials, you’ll find that the slot machines are still way more expensive.
