Orleans & Gold Coast Bingo

Last update: May 13, 2005

Progressive Keno

There are several progressive keno games in Las Vegas, however most of them stop the meter at a certain point, well before the odds turn in the player's favor. Two exceptions are the Orleans and Gold Coast. They claim there is no maximum to high how the meter can go. Both casinos have the same rules but the meters are independent.

The progressive is on the $2 pick-8 and pick-9 game. Both games share the same meter. The progressive is exactly 6 times easier to hit on the pick-8, so I'll save my discussion for the pick-8 game. The following table shows the expected return at the reseed amount of $100,000 is $1.45 for a $2 bet, or a return percentage of 72.7%.

$2 Progressive Pick-8
Pick	Probability	Pays	Return
0	0.0882662377	0	0
1	0.2664641139	0	0
2	0.3281456217	0	0
3	0.2147862251	0	0
4	0.0815037015	0	0
5	0.0183025856	10	0.18302586
6	0.0023667137	150	0.35500705
7	0.0001604552	3000	0.48136549
8	0.0000043457	100000	0.434566067
Total	1		1.45396446

The general formula for the return percentage is 50.97% plus 2.17% for each $10,000 in the meter.

From my main keno section we see the best return for a $1 pick-9 ticket is 79.85% at the Silverton. The meter needs to only reach $132,914.57 to surpass the Silverton's return. At $225,650.75 the odds turn in the player's favor.

So far there have been five progressive winners, all with pick-8 tickets. The winning meters have been $185317.09, $106373.66, $172616.09, $118454.00, and $160380.48. So in the history of this game the meter has never gone positive.

It should be noted there is a maximum payout to all players of $500,000. In the unlikely event the meter ever grew beyond $500,000 the expected return would be 159.61%, assuming no risk of sharing the jackpot.

Orleans & Gold Coast Bingo

Progressive Keno

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