Slot machines have come a long way since 1895 when a San Francisco mechanic unveiled the first mechanical slot machine. Nowadays, even the best of today bear little resemblance to their earlier predecessors.
They have grown into one of the world’s most beloved forms of entertainment. With more ways to win and exciting features, they provide an engaging experience for players of all ages.
Charles Fey’s Liberty Bell
Charles Fey was born in Germany in September 1862 but soon after decided to immigrate to America. He found work with Western Electrical Works in San Francisco and also began working for a company manufacturing telegraphs and telephones.
While working there, he met Theodore Holtz and Gustav Friedrich Wilhelm Schultze – German immigrants who shared his enthusiasm for mechanical devices.
Together, they fashioned a slot machine that could pay out coins. This device, known as the Liberty Bell, became an instant sensation across San Francisco.
It was one of the earliest slots to feature three reels and a handle that would spin them. The symbols featured classic gambling icons, like hearts, spades, diamonds, horseshoes and the Liberty Bell. To play was easy – insert coin and pull lever for spin of reels; if coin landed on three bells then you would win big!
Bally’s Money Honey
In 1964, Bally unveiled their first electromechanical slot machine under the name Money Honey. Featuring an electric pay-out system and bottomless hopper, this machine set it apart from its competitors.
Over time, Bally would become a renowned legend in the industry and solidified their place as one of the world’s premier slot machine manufacturers.
With the success of its initial slot machine, Bally began to focus on expanding into casinos and health clubs. Ultimately, in 1996 they were acquired by Hilton Hotels.
Bally’s Money Honey slot machine set the bar high for video slots. This popular game featured various symbols that could help you win rewards.
The Money Honey slot was packed with features and an intuitive user interface. If you’re new to casino gaming, this is a great game to try out for its straightforward nature and enjoyable gameplay.
IGT’s Dethroning Bally
IGT shocked the world of slot machines when it dethroned Bally as its leading manufacturer. Additionally, they introduced several revolutionary innovations that forever altered how we view slot play, such as video slots with virtual reels running on Random Number Generators (RNGs).
One of IGT’s greatest achievements was its creation of the first video poker machine. Though they initially resisted venturing outside their slot-manufacturing niche, former employee William Redd eventually convinced them to do so.
The invention enabled more symbols and a higher payoff per coin than earlier machines, enabling jackpots to be set so high that players could potentially win life-altering amounts.
Due to IGT’s innovations, the company has grown into the largest gaming equipment and systems provider globally. Additionally, it operates as a lottery contract services and operations firm in 12 US states and has established B2B operations within online gaming and sports betting platforms.
Video Slots are a type of slot machine that uses virtual reels instead of physical ones, offering many paylines and bonus events.
They are programmed with computer algorithms, creating far more winning combinations than mechanical slots. Plus, they have more paylines and require far fewer programming steps.
These games rely on Random Number Generator software (RNG), which guarantees random and fair results. Independent testing agencies regularly audit these titles before they’re released to the public.
Modern video slots often encourage players to select multiple “lines.” This is because symbols are equally likely to land on each line, so the more lines you pick, the greater your chances for winning – some slots offer up to 40! You’ll have to wager more coins for all those lines, but in turn you’re guaranteed a larger payout.