Each slot machine requires quite a few parts to work. But the three biggest components include the cash-handling device, LCD display, and cabinet.
Although casinos often lease machines directly from the manufacturers, according to one estimate each new machine retails for $14,000 to $25,000. Take away the distributor’s margin, any royalties and the maker’s profit, and the real cost of the equipment is probably in the vicinity of $5,000 to $10,000. 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.
Each can differ in price depending upon how advanced they are. However, casinos have a general idea of how much they’ll pay for these different elements.
The cabinets alone can cost anywhere from $500 to $2,000. The lower end is based on when casinos order a large amount of slot machine cabinets at once.
Cabinets are so expensive because they include a number of different elements. They require a sound system, power source, lighting, card reader, buttons, and more.
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Casinos can save a little in this area by ordering cheaper products with no branding, but many gambling establishments do pay more to get game logos and other artwork.
The LCD display price is based on its size and output quality in terms of pixels. Regarding the former, the display screen sizes range from 19 inches to 23 inches.
Some of the newer games also require touchscreen technology, which increases the price. An advanced bill acceptor will also boost how much casinos are required to pay.
Taking everything into account, gambling venues usually pay anywhere from $250 to $300 for the LCD display. Of course, slot machines have a lot of other parts that factor into the price.
Here are some other components that can affect how much casinos must pay for slots.
- Embedded gaming board
This board is what installs the game’s software. It can cost anywhere from $100 to $1,000, with the latter gaming board covering multiple games.
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- Game software
The actual game software starts at $3,000 and up. Paying the developer for onsite installation and setup can drive the price higher.
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- VGA converter
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This part is crucial to the LCD display. Its price generally runs from $50 to $100.
- I/O evaluation board
This board increases the cost by anywhere from $100 to $200.