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Do Casinos change Slots Payout Percentages?

A huge myth in the world of slots is that casinos can change slots payouts whenever they feel like it. The idea behind this is that, when the casinos are taking heavy losses, they will just change payout percentages to recoup lost money. Now nobody's saying this is right, but some slots players accept this as the absolute truth.

In reality though, neither land-based or online casinos can just change payout percentages whenever they feel like doing so. Casinos have governing bodies watching over them to ensure fair gaming, and even if they wanted to change the slots payout percentages, they'd have to clear it with whatever organization makes decisions.

For instance, if Caesars Palace in Las Vegas wanted to alter the payout percentages with a certain game, they would have to clear this with the Nevada Gaming Control Board first; and this requires a lot of paperwork so casinos don't just take such a move lightly. As for online casinos, they typically operate under their software provider's rules, along with the organization that grants them a license. Assuming an online casino just decided that they wanted to change their slots payout percentages anyways, they'd risk losing their gaming license.

So in answer to the fear of casinos freely changing payout percentages at will, this doesn't really happen. Instead, there is a lot of red tape to cut through before a gambling establishment can just alter the payouts. 

Relating this all to the bigger picture, you should always know the payout percentages for the slots games that you wish to play. What's nice about the age we live in today is that you can just go online and look up the slots payout percentages for the land-based or online casinos that you're interested in. There are multiple websites that display such information on payout percentages. Even if you can't find slots payout information on the specific casino you're looking for, it's still possible to get the info by emailing the casino directly. If you go this route, the casino will promptly get back to you with an answer on the payout percentages.