Slot Machine History
Since their invention in 1899 by Charles Fey, slot machines have been a source of excitement and entertainment for gamblers worldwide. They come in all shapes and forms and occupy most of the space at brick and mortar casinos. The bells and whistles are highly attractive and a proven source of fun for patrons of all kinds.
In 1964, the slot machine industry was changed forever when electronic processors were added to the mix, a function to determine the outcome of games. This made machines more secure and, because it allowed the reels to stop reliably where they were supposed to, it also meant operators could offer larger prizes and jackpots.
The next logical step unfolded in the mid 1970’s when Walt Freely introduced the first video-based slot machine called the “Fortune Coin,” which consisted only of the computer unit, the coin hopper and a TV screen. Things were simplified greatly, but despite the benefits for the casinos and better odds, highly controlled payout’s and jackpots, players were at first slow to trust the new technology. Then, video poker came along and, although the two games have few similarities, when players realized video poker games were fair the public perception slowly started to change with respect to video slot games as well. From there things exploded as the three-reeled machine grew to five, seven and nine reel games, massive symbol variations, pay lines, bet sizes, side games and jackpot amounts. Slot machines were added to the roster of online casino offerings. Click here to visit Netbet. Think about it – 100 years of research has been crafted into each and every slot machine you’ll play at either a brick and mortar casino or online casino.
Did you know?
In 1899, Charles Fey produced the first ever slot machine, one resembling the machines we know today. It was called “The Liberty Bell” and featured three reels with various symbols, the major one being a cracked Liberty Bell. It had a coin acceptor, a payout table and a large handle on the side. Fey placed it in a San Francisco saloon to see how the public would react and it became such a hit he quit his job to focus on this new technology. He monopolized the market and became very successful.
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