The History of Slot Machines
The Liberty Bell was the name of the first recorded slot machine in history. It was invented by Charles Fey, who used horseshoes, diamonds, hearts, spades, and the signature liberty bell as the symbols shown on the reels of this invention. When a player got three liberty bells in a row, they would receive the machine’s highest payout.
The Bally Company introduced the fruit that we associate with slots today in 1964. Their invention was named the “Money Honey” and offered a payout of 500 coins when it was first released.
With the invention of video slot machines, the casino industry brought modern technology into the gambling industry. The new slots were a hit in the 1980’s and 1990’s and offered a wider variety of ways to play and ways to win. At the same time, they were much more cost effective, colorful, and extended features such as bonus rounds and more than one game per slot.