The first mechanical slot machine was the Liberty Bell, invented in 1895 by car mechanic, Charles Fey (1862–1944) of San Francisco. The Liberty Bell slot machine had three spinning reels. Diamond, spade, and heart symbols were painted around each reel, plus the image of a cracked Liberty Bell. A spin resulting in three Liberty Bells in a row gave the biggest payoff, a grand total of fifty cents or ten nickels.
Inside each cast iron slot machine there were three metal hoops called reels. Each reel had ten symbols painted on it. A lever was pulled that spun the reels. When the reels stopped, a jackpot was awarded if three of a one kind of symbol lined up. The payoff in coinage was then dispensed from the machine.
The first popular electric gambling machine was the 1934 animated horserace machine called PACES RACES. In 1964, the first all-electronic gambling machine was built by Nevada Electronic called the "21" machine. Other all electronic versions of gambling games followed including ones for dice, roulette, horse racing, and poker (Dale Electronics' Poker-Matic was very popular). In 1975, the first electronic slot machine was built by the Fortune Coin Company. |
