Slots KEEP 97-98% of the money they take in.
Try again. They pay out 88-95%. Source: http://www.americancasinoguide.com/slot-machine-payback-statistics.html#Nevada
They make a lot of money on that 5-10% margin. Other table games have similar payout rates in the long run.
Don’t know why this was a Dave Ramsey question. I never personally got the whole gambling thing. I do believe that our brains and their pleasure centers(Dopamine receptors) are wired differently for pleasure. Some find pleasure and a rush in sex, some food, some gambling, some booze, drugs. Mine is NOT gambling and I have won at the blackjack table, but was able to walk away once I had more chips there than when I started.
“Slots KEEP 97-98% of the money they take in.”
Other way around. House take on the slots is typically 2-10%
Most is returned to the players but the house always wins their take