The slot machine was invented by The Industry Novelty Company. The company created machines with no reels or paylines. They also invented the “jackpot” and the “all-ways payline.” As slot machines have evolved, the designers have added new features. Some have even created video games-like elements. However, there are a few key differences between the slot machine and a video game. Below we discuss some of the differences. The bonus game can be triggered by a certain amount of symbols, or by shooting aliens.
The Industry Novelty Company invented the “jackpot”
The jackpot was invented by the Mills Novelty Company in 1916. This condition is when a slot machine regurgitates all its coins. It was a lucrative business during the Prohibition era, when machines with bells were relegated to speakeasies. In 1931, Nevada became the first US state to legalize gambling, and the jackpot was introduced to casino slot machines.
Fey is considered the godfather of slots and popularized slot machines. Fey’s original machines were destroyed during the Great San Francisco Earthquake of 1906. However, a Liberty Bell machine is on display at the Nevada State Museum. In the same year, the Industry Novelty Company began producing Bell Fruit Gum, which was later used in slot machines. In 1908, Fey’s company introduced electronic pay-out schemes.
The Industry Novelty Company built machines with no reels
The industry novelty company was founded in 1906 by Ode Jennings. Jennings had been working for the Mills Novelty Company, which produced slot machines. Initially, Jennings & Company repaired Mills slot machines but eventually produced their own. The slot machines were marketed under different names, including Bell Fruit Gum, which had no reels and paid out in flavoured gum.
The company first made upright slot machines in 1907. These were called “mills owls” and became the trademark for the company. The Liberty Bell became one of the most popular slot machine models in the US for years. The Industry Novelty Co released 671 of these machines, and they are considered valuable today. Despite their limited production and popularity, however, they are still considered among the most valuable slot machines.