Unclaimed Slot Tickets Reaping Benefits For Nevada Casinos

A while back, a ‘ticket-in, ticket-out’ (TITO) system was developed for casino slot machines that dispensed with physical cash payouts in favor of a barcoded slip of paper that could be exchanged for money at the venue’s cash kiosk. TITO has a number of advantages over the previous system, including reduced cash handling requirements, but it seems that it has also resulted in a huge extra benefit for both the casino and the state alike, who receive a 25% and 75% split of any unclaimed tickets.
Case in point, over the past five years Nevada gamblers have foregone over $35 million in unclaimed tickets, including $12 million in abandoned tickets in 2016 alone. From that, the state of Nevada received $8.78 million last year which subsequently was sent to the state’s general fund, with the rest going to the casinos.
The Las Vegas Strip typically accounts for more than half Nevada’s gambling revenues, and unsurprisingly it also accounted for the lion’s share of unclaimed slots tickets, or $7 million in the fiscal year 2016. Elsewhere, that figure totalled around $1 million in Downtown, followed by Washoe County ($900k), Boulder Strip ($500k), South Tahoe ($223,275), and North Las Vegas ($193,640).
Despite the casinos not reporting the amount of each individual ticket, it’s fair to assume they are likely of such small amounts that players simply do not bother to cash them. Furthermore, the tickets are anonymous, although those players who possess loyalty cards are able to be connected with unclaimed tickets. Commenting on the situation, Mary Hynes, director of public affairs at MGM Resorts International, explained:
“Sometimes people leave them in the machine, and we find them and we do try to send it to them. If they are a loyalty card holder, we can find that person more easily. If they are still staying with us, we’ll get it to their rooms. If they left town and we know who it is, we’ll mail it to them.”

Poker News
Japan Introduces Responsible Gambling Bill
28 May 2018
Japan’s bicameral legislature, known as The National Diet, consists of an upper House of Councillors and a lower House of Representatives, with the latter having started discussing the Integrated Resorts Implementation Bill last week. Being debated is the regulatory framework required in order to set up an efficient and well functioning casino market in the
UK Bookmakers Decry FOBTs Maximum Stake Reduction to £2
18 May 2018
Following a year of deliberation, the UK government has announced its decision to slash the maximum stake that gamblers can wager on fixed-odds betting terminals (FOBTs) from £100 to just £2. Needless to say, this has has been greeted with consternation by many of the country’s gambling operators who have increasingly relied upon income from
Ohio Casino Revenue Up 1% to $71.8m in April
17 May 2018
The Ohio Casino Control Commission has released its gambling results for April, with the state’s four casinos collecting $71.8 million last month, up by almost 1% compared to the prior year. Meanwhile, the Buckeye State’s seven racinos fared considerably better, with their revenue rising by 8% to $89.7 million from their slots and video gaming
NJ Generates Record iGaming Revenues in February
15 May 2018
In April, New Jersey’s online gambling market saw its revenue rise by 10.6% to $23 million versus the same month in 2017, with the amount posted second only to the record $25.6 million collected in March 2018. As a result, the Garden State has now generated $92.5 million over the first four months of this