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Kentucky does not have legalized gambling. The opening of the Horseshoe in downtown Cincinnati was the region's first new gambling venue since Belterra Casino Resort opened in Which gambling venue has the loosest slots? Before rival Horseshoe Casino Cincinnati opened in March , Hollywood's payout ratio was closer to 90 percent and has since been closer to 91 percent. The difference of the odds across Greater Cincinnati's six gambling venues is razor thin for individual players: Belterra Casino Resort in Florence, Indiana, had the worst average June payout: But the perception of any sort of edge can prove a powerful draw for serious gamblers, and can be an important marketing tool for casinos.

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The Enquirer's analysis shows how that works. Slot machines are programmed to let gamblers win a little bit to entertain and entice players to keep making bets. Schwartz said casual gamblers will pay more attention to a venue's proximity to indiana casinos with best payout or work than they will to a slight increase in the odds.

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The Turtlecreek Township racino paid 92 percent of all wagers back to gamblers in June, according to an Enquirer analysis of new data from Ohio and Indiana regulators. Occasionally, gamblers get lucky and leave with more. Jeff Nelson, Miami Valley Gaming's senior director of marketing, said more generous payouts are all part of his racino's business plan.