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Can you summarize 491 IAAC 11.9?
GAMBLING GAMES > Slot machine requirements.
Short Summary
This document, part of the Iowa Administrative Code, specifically addresses the requirements for slot machines in casinos. The document states that a slot machine game must have a theoretical payout percentage between 80% and 100% of the amount wagered. If the game includes a bonus feature with varying payouts based on the player’s ability, the difference between the minimum and maximum payout for all ability-based outcomes should not exceed a 4% contribution to the overall theoretical payout. Additionally, the slot machine game must have a probability of obtaining the highest single advertised payout, which statistically occurs at least once in 50 million games. The document also outlines certain features that each slot machine in a casino must have, such as a casino number permanently imprinted on the machine and a clear description of any merchandise or thing of value offered as a payout. Furthermore, the document mentions that hardware media devices containing game functions or characteristics must be verified and sealed by a commission representative before being placed in operation. The actual aggregate payout percentage of all slot machine games in operation during the preceding three calendar months must be posted at various locations in the casino. Each slot machine must also have communication equipment installed to allow for communication with an online monitoring and control system. Finally, prior to clearing electronic accounting meters, a licensee must notify a commission representative, and all meters recorded by the game must be retained according to the specified requirements.
Whom does it apply to?
Casinos
What does it govern?
Slot machine requirements
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Iowa