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News-Sentinel.com Your Town. Your Voice.
Opening Arguments

In for a penny

Guess all of us with the penny jars might be the smart ones. We can take them to the nearest casino and have hours and hours of fun:

The penny slot machine, once a joke among serious gamblers, is the hottest form of betting during this recession.

Even casinos that cater to wealthy gamblers are replacing $1 machines with video slots that accept bets one cent at a time. "You can play longer with less money on penny slots," says Ed Feigenbaum, editor of Indiana Gaming Insight, a newsletter.

The penny machines accounted for 36% of bets at Indiana casinos in July, up from 8% in 2005.

And the neat thing is that betting pennies wouldn't even feel like gambling. Say, here's a suggestion. I'll give you $1 million, and in return, all you have to do is give me a penny doubled every day for 30 days. Oh, you've heard that one, huh?

Posted in: Hoosier lore


Bob G.
Thu, 09/03/2009 - 10:29am

Oh, would that I could but do that ONCE...just once!