Aside from convenience, one of the main reasons why players all over the world choose to play online is because the average payout is higher when compared to privatized land-based operations such as those prevalent in Las Vegas, Macau, Monte Carlo, and Singapore, and considerably higher when nationalized land-based operations are brought into the mix.
In regards to online casinos and bookmakers that offer casino games, each operator’s payout percentage is regulated by the jurisdiction where the operator has received its gaming license (notable jurisdictions include the Isle of Man, Gibraltar, Malta, Curaçao, and the Philippines). This is why there is a slight payout percentage discrepancy between operators with some offering payouts at 98% and others at 97%, etc.
As an operator will need to renew its gaming license every 1-5 years depending on the jurisdiction, if the operator wants to continue its gaming operations, it will need to abide by the stringent regulations established by the governing jurisdiction with one of these enforced regulations being the minimum payout percentage from casino games.
For a detailed comparison of the approximate payout percentages varying from industry to industry, please refer to the table below.
| Online Operations | Approximate Payout % |
|---|---|
| Sports Betting | 95-97% |
| Casino Games | 96-98% |
| Privatized Land-Based Operations | Approximate Payout % |
| Sports Betting (ex. Las Vegas) | 95% |
| Baccarat | 97-99% |
| European Roulette | 97% |
| American Roulette | 95% |
| Poker | 95-98% |
| Blackjack | 94-99% |
| Bingo | 85-99% |
| Craps | 84-98% |
| Slot Machines | 75-98% |
| Horse Racing | 75-85% |
| Nationalized Land-Based Operations | Approximate Payout % |
| Casino Games | 78% |
| Horse Racing | 75-85% |
| Slot Machines | 70% |
| Bingo | 65% |
| Lotteries (ex. Powerball & Mega Millions) | 20-60% |
| Financial | Approximate Payout % |
| Stock Market | 90-99% |
