Video Lottery Terminal is a digital gaming equipment that allows bettors to gamble on video game outcome. The VLT is connected to a central computing system that provides outcome of each bet through a random number generator. The outcome of each bet is random, but it is a VLT fact that the operators program in advance the amount and payout
VLT fact, the first province to introduce VLT is New Brunswick in the 1990s. By the year 2005, the VLT is available in all provinces except British Columbia and Ontario. The VLT has generated massive revenues for the provinces. VLT Fact, they can only be licensed to establishments that does not allow minors.
The VLTs in Canada have been widespread and have been subject of criticism. The critics claim of massive social costs that is greater than what the VLTs are avail to generate. The Canadian are generally comfortable with any social harm the VLTs may cause.
Video Lottery Terminal facts, the payouts for VLTs are generally poor. For example, in Las Vegas, high denomination slots payout 98 cents to the dollar. In Saskatchewan, the VLTs have 93 percent payout.
Video Lottery Terminal facts, the state of South Dakota is the first state in the U.S. to make VLTs legal. In an unusual arrangement, the VLTs are owned by private groups but under the watchful eye of the South Dakota lottery through a computer system that assure game integrity. South Dakota imposes substantial tax on net income of the game. Since 1992, four attempts have been made to repeal the South Dakota VLTs, all have been rejected by public voting.
Video Lottery Terminal facts, other states that has some form of legal video lottery including Delaware, Louisiana, Montana, New York, Oregon, Rhode Island, and West Virginia
Video Lottery Terminal facts, the U.S. Virgin Islands has legalized video lottery that is managed by Southland Gaming. The various government programs in St. Thomas and St. John are funded by funds generated by the video lottery mainly on educational efforts.
Video Lottery Terminal facts, in 1990, West Virginia started the idea of racinos when it authorized MTR Gaming Group to put in VLTs. The racinos differ from conventional VLTs in that all video lottery games are done on a Class II machine. Class II games are played using traditional Bingo format. Delaware, Rhode Island, Louisiana, New York, and West Virginia are states that have officially recognized Class II VLTs .
Video Lottery Terminal facts, in Montana, the VLT poker machines operate legally in the private sector. This means that any and all card rooms within the state are permitted to run such machines provided they have the proper permits. The maximum prize awarded on these machines is $800, with a maximum bet of $2 per hand. The legal age to gamble in Montana is 18.
Video Lottery Terminal facts, in Louisiana, the games are not part of the state lottery. For now, only Oregon and South Dakota uses Class III technology into their VLT games. This usually means that unlike the Class II states, Oregon and South Dakota lottery enthusiast try to win against the house rather than other lottery players. This is similar to gaming offered in Nevada, Connecticut and Atlantic City. As of now, Oregon State gives its players a 91-95% payout on each of its games. South Dakota gives an 88% payout.
Video Lottery Terminal facts, most U.S. jurisdictions do not permit VLTs and those that have invited the same criticism in the Canadian provinces have. However, non-players have articulated acceptance for the VLTs.
This article was written by Alexis.