The ‘Return to Player’ (RTP) rate is the percentage of the money gambled in games of chance that is required by law to be paid back to gamblers as ‘winnings’, over time.
The “player” in RTP refers to the many players taken as a collective as some may get back more than they bet and others will get back much less than they bet.
On an electronic gaming machine, millions of games may be played before a machine pays out its RTP.
In Victoria the minimum RTP has historically been set at 87% but effective April 2014 the minimum RTP can, if a club wishes, decrease to 85%.
CCV strongly suggests clubs contact us before considering a reduction in RTP and should reflect on the following
- Clubs have generally expressed a wish not to ‘short change’ their members and guests by reducing RTP across the board;
- An RTP regime of 87%-90%+ is universally accepted as necessary to create value for customers;
- The actual game RTP for many egms with stand-alone jackpots is well below 85% already, and to reduce it further may well make the game unattractive for customers. In any case, in discrete markets across Victoria, no one would want to be seen as taking more way from customers;
- There are no currently approved versions of games at 85% RTP, and to implement such a change would be, in any case, a long-term effort involving development of new game versions, testing and approvals;
- RTP is not gaming’s version of the magic pudding – reducing it does not create one extra dollar of spending power for members and guests, and therefore does not create additional revenue.
Call CCV on 03 9419 8505 to discuss further.