A very common question that I get from people who are interested in advantage playing slots is how much money can I make? I’ll be straight up with you. It’s impossible to give a direct answer to that question. I know slot hustlers who barely make enough to pay their rent. I also know hustlers who regularly make more than $500000 a year. There are a variety of factors that will determine how much you can make. Here are the biggest ones that I can think of.

Machines

Jan 06, 2019 Penny slot machines appeal to many players because they seem to offer the lowest cost to play. For just a cent, you could spin the reels and win big. Now if money is no object, you may want to consider purchasing an 1899 Mills five-cent antique slot machine. This machine, in original, mint condition would sell for anywhere from $16,000 to $19,000. If money really isn’t an option, a Caille Brothers Peerless 5 Cent floor roulette slot realized $300,000 at auction. Jun 02, 2020 Apart from slot machines, the same applies to winnings from lottery, bingo, keno, poker or other games of chance. So, if the amount won on a slot machine is higher than $1200, the casino is required to report it. In other words, all your gambling winnings have to be reported on your tax return as 'other income' on Schedule 1 (Form 1040), line 8.

This one is pretty obvious. If there are few, if any advantage machines in a casino like Ocean Magic, Golden Egypt, Scarab or others, you won’t make much money. Some casinos are absolutely loaded with these types of slots you’ll feel like a kid in a candy store.

How Much Money Does A Slot Machine Maker

Competition

What you are capable of earning may be affected by how many other people are trying to do the same thing you are. Some of us get lucky & have a casino with little, if any competition. Whereas a place like Las Vegas with their many casinos & advantage machines obviously has a ton of slot hustlers which may make things difficult.

Bankroll

What are you working with? When I started doing this I had next to nothing. This put me in a significant disadvantage against the other advantage players because I was limited in what I could go after. Most must-hit by progressives were out of the question in the beginning because I couldn’t risk a big loss or busting out without hitting it. But don’t fret if your starting bankroll is low. Just be cognizant of it & hopefully someday you’ll be able to play for the big bucks.

Time

How Much Money Does A Slot Machine Make

How much time are you willing to put into this? Some people view advantage playing slots simply as a hobby or a part-time job. They go to the casinos a few times a week & never spend more than a few hours each session. These types in my experience are usually the most easy-going hustlers because their entire existence doesn’t depend on casinos. On the flipside there are the hardcore hustlers who make this their entire life. No exaggeration, their entire life. These people are in a casino almost all day, everyday.

Discipline

How Much Money Do Slot Machines Make

What is your goal? Hopefully it’s to make a substantial profit over the long-term. But what do you do when there are no advantage machines in a playable state? Do you remain patient or do you break & start playing non-advantage games? What happens when you lose or take a bad beat? Do you brush it off & move on to the next play or start gambling on random machines in an effort to get back those losses?

How disciplined you are will go a long way in determining how successful you are at slot hustling. Just about all slot hustlers are pretty good at making money. But many of them do a poor job of holding onto it. After all most slot hustlers started off as your average, run of the mill gambler before figuring this stuff out & many often fall into some form of gambling trap. They may love to bet on sports, play at the tables or maybe have a favorite machine but I personally know too many hustlers who should be living comfortably but are grinding everyday because they keep blowing their winnings. Don’t be like them.

With that said it is my hope that new advantage players will gain insight & develop a realistic expectation to how much can be made given their situation. This lifestyle isn’t for everyone but for some it could be everything they could ever dream of in a casino & more.