Gambling: What's the pay out?

Gambling: What's the pay out?

There are 56 comments on the WOOD-TV Grand Rapids and Michigan story from Feb 19, 2008, titled Gambling: What's the pay out?. In it, WOOD-TV Grand Rapids and Michigan reports that:

It is the exhilarating rush of beating the odds and cashing in. Michigan is home to 22 casinos -- 19 tribal and three commercial -- that house 17,000 slot machines generating 80 to 90 percent profit.

Join the discussion below, or Read more at WOOD-TV Grand Rapids and Michigan.

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What is the real story

Fremont, MI

#41 Feb 20, 2008
Once again TV 8 falls short when reporting story. They have forgotten the basic's.... the 5 W's.... the who, what, when, where and why. They often twist the truth and/or leave big gaping holes in the story for the viewer to fill in the blanks...which is a pretty dangerous game to play if you think about it. They do it over and over again. I found out more about Michigan's Indian Casino's from reading the posts than what I have watching their stories the past 2 nights. I'm thinking TV 13 is a better bet for the news.
Triple 7

Holland, MI

#42 Feb 20, 2008
Indian owned or not, they are all the same. I have been to a few casino's in Michigan and I have been to Vegas and I have not won at any of them. Soaring Eagle is a joke. I have been there probably 8 times and have never won any money. The "River" is the same way. If you have money to throw away then great you will have fun. Some people can afford it and some people can't. But a casino is a casino in my book. 80% to 90% payout. Yeah my ass!
Triple 7

Holland, MI

#43 Feb 20, 2008
Yeah I hear ya. Good old Channel 8 News once again screwing up the facts. They are good at that.
What is the real story wrote:
Once again TV 8 falls short when reporting story. They have forgotten the basic's.... the 5 W's.... the who, what, when, where and why. They often twist the truth and/or leave big gaping holes in the story for the viewer to fill in the blanks...which is a pretty dangerous game to play if you think about it. They do it over and over again. I found out more about Michigan's Indian Casino's from reading the posts than what I have watching their stories the past 2 nights. I'm thinking TV 13 is a better bet for the news.
Sandy

Traverse City, MI

#44 Feb 20, 2008
Wonder Y wrote:
<quoted text>
96% payout is correct. For every $1 you put into a machine it pays back $.96. The problem here in Michigan is the payout is not even close to that. So if you put a $1 bill into a machine you might get $.80. Please do not forget the the casino in Mount Pleasant has been caught cheating on their blackjack games. They have been caught with aceless blackjack decks a number of times and only are fined for the violation. SO! If they are cheating on the blackjack table what makes you think they are honest in any other aspect of their business. I promise you if/when they are required to report their payout we all will be suprised on how low it is. Each member of their Indian tribe receives $30,000 for each family member, plus a free education, plus they pay to run a business. I promise you their payout is not 96% and we all would be fools to go back and contibute to their fund. Thank you TV 8 and keep digging to expose thew truth.
You never see the Indians gambling do you? I'm sure we know why. They are well aware that you can't win especially at Soaring Eagle.
shearbf

AOL

#45 Feb 21, 2008
What are Michigan Lottery's payoff percentage?
Seenitbefore

Jenison, MI

#46 Feb 21, 2008
Mark in Mich wrote:
I agree that Kalm is either on the take or beholding to the gaming industry. He is definetly out to lunch when he says that the consumer is in the drivers seat. The consumer is in the dark when it comes to any real knowledge of what their odds are in a given casino. The state shouldn't tell a casino how much to pay out but it should require full disclosure. Every other business has to let you know how much you are paying for a product. The gaming industry should have to do the same. The product they are selling is gambling and the consumer shouldn't have to learn the hard way that a given casino is playing tight with their money.
"He is definetly out to lunch when he says that the consumer is in the drivers seat." I don't know how anyone can believe the consumer is in the drivers seat with any business. The only possible way the consumer is in the drivers seat is to NOT buy (into) what the business is offering. Once the consumer has agreed to dance with the business it's done by their (business) rules and none other.
aazhenii

Lansing, MI

#47 Feb 21, 2008
Wonder Y wrote:
<quoted text>
96% payout is correct. For every $1 you put into a machine it pays back $.96. The problem here in Michigan is the payout is not even close to that. So if you put a $1 bill into a machine you might get $.80. Please do not forget the the casino in Mount Pleasant has been caught cheating on their blackjack games. They have been caught with aceless blackjack decks a number of times and only are fined for the violation. SO! If they are cheating on the blackjack table what makes you think they are honest in any other aspect of their business. I promise you if/when they are required to report their payout we all will be suprised on how low it is. Each member of their Indian tribe receives $30,000 for each family member, plus a free education, plus they pay to run a business. I promise you their payout is not 96% and we all would be fools to go back and contibute to their fund. Thank you TV 8 and keep digging to expose thew truth.
Mt. Pleasant pulling out the aces off their blackjack tables is only a myth. How would that benefit them by doing that. It is to their advantage to have the aces in there. That tribe has a lot of investments in other places besides their casino that is how their able to receive their percap checks. The casino does not pay for their "free" education. That is something that their ancestors set up years ago with the government in the treaties. Why don't you just admit your racist against natives and call it good. By the way Indians are from India.
Rock

Grandville, MI

#48 Feb 21, 2008
Casinos make money for themselves. People had to lose in order for the jackpot to grow so high. As long as there are people who think they are going to win, there will be casinos happily taking their money. We need to think outside the box and get involved with things that really matter, not thinking that winning the lottery will bring happiness.
Bad Bet In Michigan

AOL

#49 Feb 21, 2008
Its about time the Indian Casino's get fully exposed for what they are. I've been to countless casino's and also racetracks. They can say what they like but I will tell you from vast first hand experience, service is poor in Michigan. To me, Soaring Eagle is absolutely the worst. Four Winds, is so-so. Payouts are frankly pathetic. Go for awhile and look around, pay attention....Michigan casino's lack BIG TIME. Food is good, other than that, for a gambler, Michigan casino's are a bad bet.
I am biased, I'll admit, BRING BACK A RACETRACK to west Michigan and do something to revive a once proud sport.
Denbob

Austin, TX

#50 Feb 21, 2008
Lived in MI for several years and was frequent to The Dying Crow... ERR... Soaring Eagle and Little River. Then I went to Vegas before I moved... the only time you'll see me in a MI casino is to suck out tuckys (poker term, look it up) at the poker room at Little River. Other than that- nope.
Surprised

Madison, WI

#51 Feb 21, 2008
WOW! You mean the house wins most of the time?! Thats funny, I thought I could go into a casino and ALWAYS win more than I started with!! Those darn casino's...
My2Cents

United States

#52 Feb 21, 2008
I think casino and lottery money only replaces funds taken out of education and placed somewhere else. It doesn't add to the pot, only replaces money the state removes.
Jimbo

Takoma Park, MD

#53 Feb 21, 2008
Being from West Michigan, I fail to see any benefit in ANY casinos in this state. We've got the highest unemployment rate in the nation, yet people have money to piss away in a casino? Cmon...how many of these people are going to gamble responsibly? If you can afford to gamble, go to Vegas...until then, stay out of the casinos. They're there for a reason, to make money, not to give it out...get a clue people. If I see one more sign saying yes to a casino somewhere ( wayland?) I'll go nuts...the last thing this state needs is another casino.

“Common, with sense”

Since: Feb 08

Byron Center

#54 Feb 22, 2008
Casino's are a choice. Go and loose, keep your mouth shut...you took the gamble...go and win...good for you. The entire Woodtv report was worthless...nothing ground breaking...nothing new...a waste of time. Support what you will and to each his own. We all spend our money on things that are truly not in our best interest (cupcakes, soda, beer, new cars, whatever)so spend YOUR money YOUR way and pay no mind to the people who know what is best for you.
judy

Placerville, CA

#55 Apr 14, 2008
Exactly, the Indian Casinos do make a huge profit, so how is it they make these claims of the percentage of payouts?
judy

Placerville, CA

#56 Apr 14, 2008
What really sucks is, we support them, it would be nice if they would give back once in awhile. You put $400.00 into a machine get nothing back and I mean nothing, tell me they don't have them turned off not to pay. There are a couple of casinos northern calif, the roulette table wobbles so badly when it is spun it is incredible,I will not play. The dealer even says "I can not get it to spin all the way around it wobbles so badly....how do they get away with it?

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