By law the video lottery games must pay out at least 92% RTP, which is higher than is required of Las Vegas casinos. These games look just like a slot machine and are made by companies like IGT, Bally, and Aristocrat, but the results of a spin come from a central lottery server rather than a chip in the machine itself. Until the Las Vegas style casinos including Lago, Montriegn, and Rivers open, the Indian casinos are the only true slots casinos with the balance of the state's slots offerings being populated with video lottery terminals or VLT's from the New York State Lottery. There are presently more than 20 casinos in the state with 7 more to open soon, once the licenses are issued. The next Class III casino to open was the Seneca Niagara Casino & Hotel in 2003. Betting on sports futures, props and lay betsįrom 1988 until the Turning Stone Casino was opened in 1993 there were only bingo halls in New York.
