Slots Q&A 67
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Julie asks, “So any casino boat that goes into international waters doesn’t really have a gaming commission to go by? No regulated return-to-player?”
That is correct. It’s why gambling boats travel three miles from the shoreline to be in international waters. It’s because there’s no gaming regs there. But state gaming commissions are very limiting for land-based casinos. Twenty-nine states have a minimum theoretical payout limit, but any such limit is far lower than any casino would drop their returns.
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Why? Because doing so is not good for business. That’s the true limit, what players will accept. And that practical limit applies just as well to casino boat day trips to international waters. If they drop the payout % too low, their customer base will dry up and they’ll go out of business.