Slot machines are a great winner in any casino, as they consume most of the money from people, it tops all other machines easily in terms of revenue.
With the appealing factor of slot machines, many wonder about the cost of these machines. If you are interested in these machines and wonder how much they cost in the world? Then this article will provide you with all the details you need to know about them.
Casinos make plenty of profit from slot machines, but they have to pay a tremendous amount of money for these machines.
Table of Contents
Components of slot machine
Each slot machine requires parts to work, but some positions are more critical than others. If you are planning to buy a slot machine, you need to keep track of the three most significant components such as cash-handling device, LCD, and cabinet. These components have a higher priority attached to them compared to others.
One of the significant factors that affect the price of slot machines is the features installed in them.
The more advanced these machines are, the higher the price you will have to pay to obtain them. Different parts of the slot machine will have their price attached to them.
Breakdown of Slot Machine Cost
Again, the cost of the slot machine is dependent on various elements. This section will explore the aspects of slot machines, so you will get a pretty good idea of what you can expect from these machines.
The cost of slot machine Cabinets
Slot machine cabinets can cost anywhere from $500 to $2,000. Casinos usually order in high volume, so they can expect to pay the price of $500 or a bit more to acquire the cabinet.
But if you are looking to get only one, you can expect the price to be $2,000. Casinos have a significant advantage here, as they always order in many slot machines cabinets at once.
One of the reasons cabinets are so expensive compared to other parts is that they will need a sound system, power source, lighting, card reader, buttons, and more, and they need all of them to be called a fully-formed cabinet for a slot machine.
Cheaper products with no branding will also be a better choice if you want to save money. But many gambling organizations pay a lot of money to get logos of the game and other artwork imprinted on the slot machine to sell well.
It is about trust, so casinos try their best to establish trust between people and the establishment by giving them a high-quality product.
If you are interested, you can take a look at the cost of purchasing a food vending machine.
The cost of a slot machine LCD
LCD price based on its size and output quality Size of the LCD will play a massive role in dictating the price since the pixel amount correlates with the size of the LCD screen.
It can range from 19 inches to 23 inches. The price will rise with the scale of the LCD, and the more extensive the LCD, the higher the price tag will have to pay for them.
Not all slot machines adopt the same kind of technology in terms of LCD. You will see a different range of LCD adaptations on the slot machines; some will feature a touchscreen option for a more interactive experience for the players.
The Display size of an LCD will be around $250 to $300. Slot machines have plenty of other parts that can dictate this price.
The cost of slot machine Gaming Board
A gaming board is where the software gets installed; this equipment can cost anywhere from $100 to $1000.
Some modern gaming boards perform far better than the older ones as the newer ones can run multiple games with no issue.
Casinos generally go for the contemporary gaming board to satisfy a diverse range of customer’s interest in the slot machine.
The cost of slot machine Game software
We have a gaming board to install gaming software; now, we focus on the games themselves. Depending on the source, the actual game software can cost around $3000 or more.
When you pay a developer to install the software, the entire setup budget can go higher quickly.
The cost of slot machine VGA Converter
You will need a VGA converter for the proper functionality of the LCD, and you must add this to your list. A VGA converter can cost anywhere from $50 to $100.
The cost of slot machine I/O evaluation board
The input / Output evaluation board can cost anywhere from $100 to $200.
These parts play a crucial role in building a functional machine. You will need to get your attention on them to have a working slot machine that performs at its best.
Is There Any Affordable Option?
The price here will depend on the other aspects chosen for the device. The cost of building a slot machine will reach the sky if you plan to install all the top-end accessories on the machine.
At the same time, you can look at the alternatives to bring the overall price down a bit to fit comfortably within your budget.
There is a big difference between casino gaming and enthusiasm for casino games regarding purchasing. Gambling establishments shoot for long-term value above anything else, and casinos worldwide are always prepared to pay a lot of cash for fun.
They want the attention of people to fixate on the game machine.
They can fork out $15,000 to $25,000 for a brand new slow machine. A themed slot that covers a licensing deal with other companies can elevate the average cost of the device. Dealing with manufacturers comes with split profits made from the slot machine.
Conclusion
One thing is for sure that you will have to pay a lot of money in acquiring a slot machine. They don’t come in cheap; running a casino requires you to get the best-of-the-line product to add proper value to the gaming section of the casino. Slot machines generally cost a lot to obtain and maintain throughout the years.
