Bangor Slot Machines Bring in Millions

Hollywood Slots in Bangor, Maine, has already brought in $21 million for the state in its first 14 months of legalized slot machine gambling. The slot machine casino opened in November of 2005, and the above amount in slot machine revenue is from that date until December 2006.

The slot machine casino has also seen a jackpot of $50,000 to one lucky winner. The state gets their fair share of the slot machine revenue, as does the town of Bangor. But many other smaller groups are benefiting from the slot machine revenue as well. Groups such as the state’s colleges, prescription drug relief, etc., are all getting a portion of the slot machine revenue that comes in every month from the casino.

The current location of the casino will eventually be replaced by a much larger and nicer casino to house their slot machines. The new casino will hold up to 1,500 slot machines, as well as other entertainment aspects. They currently have about 475 slot machines in their temporary facility. They expect the new slot machine casino to be completed sometime in the middle of next year.

The current slot machines are paying out roughly 93.3%, which is higher than most state regulations require. The owners of the company say that the slot machine revenue is right about where they expected it to be.


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