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A slot machine will often have three or more reels or a video screen, which is spun when either the slot lever is pulled or a button is pushed.
How much does a slot machine cost?
On average, plan on spending anywhere from $200 for a novelty slot machine to as much as $3,000 for a higher-end model of a working slot machine, similar to the ones you see in a professional casino. This would be the price for those who are interested in buying a second-hand slot machine for their own entertainment purposes at home.
However, if you’re talking about what a casino pays for a slot machine, the costs could be much more. Experts have noted official casino slot machines can cost as much as $20,000. For instance, this article claims that Bally sells its machines for $9,671 each. The costs, in the end, will come down to the manufacturer, the quality of the hardware, the intellectual property it represents and title. Calvinayre.com, on the other hand, says the average IGT game sold for $13,000 in 2013, while another manufacturer, Multimedia Games, received over $18,000, on average, from its machines.
Gambler’s Paradise, a slot machine retailer located in Ohio, lists close to 50 slot machines, ranging from $600 to $3,000+
Refer to our table below to see what you may pay for a slot machine in working order on the second-hand market:
| Type of Slot Machine | Average Price |
|---|---|
| Antique/Vintage Slot Machine | $1,000 to $3,000 |
| Bally Slot Machines | $125 to $800 |
| IGT Game King | $1,200 to $2,500 |
| IGT Slot Machines | $400 to $700 |
| Jennings Slot Machines | $1,600 to $3,200 |
| Video Slot Machines | $400 to $1,600+ |
| Williams Slot Machines | $650 to $2,000+ |
Slot machine overview
Generally, there are two common types of slot machines: a mechanical and computerized. When slot machines first hit the market, all were mechanical, operating gears and levels. Eventually, as the time when on, these gears were replaced with an electric slot machine which used motors and solenoids to run the gears. Today, most slot machines will use a computer to general a random number to generate the slot machine’s outcome.
Retailers often include a limited warranty, which often lasts up to a year,
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What are the extra costs?
Repairs, depending on how much the slot machine is going to be used, needs to be factored in. Some machines can be more difficult to repair, whereas some machines will rely on a battery, which, over time, will need to be replaced as well. Even if the machine isn’t used for a long period of time, the battery may need to be replaced.
A common problem for slot machine owners, according to this eBay guide, is a lost door key. If this were to happen, you will either need to hire a locksmith, purchase a new one for $20 or so or learn how to drill and barrel the locks.
Due to the size of a slot machine, freight shipping charges may apply.
Tips to know
There are legal implications if you’re thinking about buying a slot machine. In 41 states, it is legal to own a used slot machine, but in nine states: Alabama, Connecticut, Hawaii, Indiana, Nebraska, New Mexico, South Carolina, Tennesse and Wisconsin, it is 100 percent illegal. In 17 states, there will be a law that the slot machine must be, at a minimum, 25 years old. With all of that being said, check your state laws to make sure it’s legal to own.
How can I save money?
If you do not mind buying used, this can save you upwards of at least 50 percent. Try to explore the used inventory before buying new.
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Recently one of our blog readers raised this question that there are some errors when buying a used slot machine. Though his query was related to his IGT Double Diamond model 96435800 reel slot machine which he had bought but here we are catering to some of the most common errors buyers face when they buy a real slot machine specially a refurbished ones. You can try to fix these errors by doing the following actions as given against each error. Also there are many superb videos online that teach you how to fix these errors.
EEPROM Device Error
EEPROM (electrically erasable programmable read-only memory) is user-modifiable read-only memory (ROM) that can be erased and reprogrammed (written to) repeatedly through the application of higher than normal electrical voltage. Unlike EPROM chips, EEPROMs do not need to be removed from the computer to be modified. However, an EEPROM chip has to be erased and reprogrammed in its entirety, not selectively. It also has a limited life – that is, the number of times it can be reprogrammed is limited to tens or hundreds of thousands of times. In an EEPROM that is frequently reprogrammed while the computer is in use, the life of the EEPROM can be an important design consideration.
A special form of EEPROM is flash memory, which uses normal PC voltages for erasure and reprogramming.
Here is the video how to fix this error
Error on door of slot machine
Many times when the display on the door indicates an error condition, open and close the door to reset the game and clear the error. Open the main door which clears the current game information and a “0” appears in the Coins Played window. Closing the door resets the game and the reels will spin and stop in their last valid position. The error code should clear and the digital display returns to normal game play.
Error Code 12 Battery Voltage
To fix this error turn power off and then turn power on if the battery voltage has dropped below 2.9 V. Also replace ASAP due to possible RAM (Memory) corruption. Open / close door to clear and also Replace 3.6 V Lithium battery on CPU board.
Coin Errors
For coin errors see that comparitor is seated in all four acceptor clips and that acceptor does not have coin(s) jammed or the coin optics below comparitor is not blocked You can ensure toggle power switch is in activated position if installed.
Coin Out Tilt Hopper
Check for and clear any jammed coins in the coin out channel. Also see that the coins are not jammed behind hopper knife or see that the coin out optic sensor is not blocked by dust. If so you can replace hopper coin out optic.
Error in Extra Coin Out Hopper
To fix this see that the hopper motor brake functions properly. Check the coin wiper/ knife for jams and if so adjust them if necessary.
Hopper Empty Error
This is the most common error that new slot machine owners will have because the cash out button was pushed and the number of coins in the hopper is less than the total credits to be paid out. You can open the main door and check the hopper for coin level (your hopper will not dispense all of the coins), refill and close the main door. You may have to do this several times for all of the credits to be paid out.
Reel Tilt Errors
You will find that there are reel tilt errors and for this see that whether the designated reel is misaligned or malfunctioning. Also check if the reel is not unplugged. You can switch connectors from one reel to another, determine if error follows change of connectors. Try replacing reel assembly or optics if error stays with bad reel. Also clear Ram and see if it works again.
Error Codes and Fixes
During the process of clearing error codes, you may encounter multiple 6x series errors. Here are few common ones and their fixes
CMOS RAM Error
This means Bad (or cleared) CMOS RAM data You can Press test button 3 seconds Error code 61-1 should now be displayed. Now close door, turn and release reset key once. Same for game data reset.
Bad Game EPROM or Data EPROM Error
Check circuit board and replace Game EPROM. For Data EPROM error check circuit board and replace Reel EPROM
Slot Machine Tips And Tricks
Bad EPROM Device or Bad EPROM Data or Game Type Mismatch
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Press self test switch for 3 seconds If error will not clear replace EPROM Also if the processor could not read or write to the named chip Press test button for 3 seconds Error code clears from display.
How To Win On Slot Machines Tips
Most of the errors can be resolved with little help but many need technical knowledge. Remember that if you are on a warranty or not the place or online site where you purchased a used slot machine is there to assist you with trouble shooting and repairs. They can guide you over the phone or send some mechanical and technical person to do so.
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