Bally slot machines come from a Chicago company founded on 10 January 1932 to make pinball tables, which went on to build Money Honey, the first fully electromechanical slot machine, in 1963 or 1964. Bally is now a brand of Light & Wonder, and is separate from the Bally's casino company.
Raymond Moloney founded Bally in Chicago on 10 January 1932, naming it after the pinball game Ballyhoo.
Money Honey, its electromechanical slot, is dated 1963 by some sources and 1964 by others.
By the end of the 1960s Bally held over 90% of the worldwide slot machine market, per Wikipedia.
The machine business passed to Alliance Gaming, Bally Technologies, Scientific Games and now Light & Wonder.
Founded
10 January 1932, Chicago
Founder
Raymond Moloney
Famous machine
Money Honey (1963 or 1964)
Owner today
Light & Wonder (brand since 2022 rename)
Not to be confused with
Bally's Corporation (casinos)
Who makes Bally slot machines today?
Bally is a brand of Light & Wonder, the US gaming supplier that was called Scientific Games until 2022. Light & Wonder bought Bally Technologies in November 2014 and also owns the Williams (WMS) brand and the British maker Barcrest. Its UK licences sit with companies such as LNW Gaming UK Limited, Gambling Commission account 66104.
The Bally name has been split. The rights to use it for casinos went to Twin River Worldwide Holdings, which renamed itself Bally's Corporation in October 2020. That company runs casinos and online brands and is separate from the machine maker. This page is about the machines; the manufacturers hub covers other makers.
Two Ballys: the machine brand and the casino company
Bally (machines)
Bally's Corporation
What it is
Gaming machine and game brand
Casino and gambling operator
Owner
Light & Wonder
Formerly Twin River Worldwide Holdings
Since
Light & Wonder bought Bally Technologies on 21 November 2014
Renamed Bally's Corporation in October 2020
Link to Money Honey
Direct descendant of the maker
None beyond the name
From Ballyhoo pinball to Bally slot machines
Raymond Moloney founded the company on 10 January 1932 in Chicago. Its parent, Lion Manufacturing, set it up to make pinball games, and it took its name from its first, Ballyhoo. In the late 1930s Moloney moved into gambling equipment and improved on the mechanical slot machines of the day, according to Wikipedia's Bally Manufacturing history (opens in a new tab). During the Second World War the factory turned to munitions and aircraft parts.
In 1940 Bally built High Hand, a draw-poker machine whose construction is described as an early step towards electromechanical design. Chicago was already the centre of American coin-op making; the Mills Novelty Company had built mechanical bell machines there since the turn of the century.
Money Honey is the machine that made Bally's name in slots. It is described as the first fully electromechanical slot machine: electric motors and switches handled jobs that springs and levers had done on earlier mechanical bells. Its headline feature was an automatic payout of up to 500 coins from a hopper, far more than a mechanical machine could pay.
It still had a cranked lever and was played standing up, according to a Las Vegas Advisor answer on the subject. The lever is why slots kept the one-armed bandit nickname long after it stopped mattering mechanically.
The player inserts a coin and pulls the lever.
The reels spin and come to rest.
The machine's electrical circuitry, rather than a purely mechanical payout linkage, registers which symbols sit on the line.
If the combination pays, a motor drives the hopper to count out coins automatically, up to 500.
The machine resets for the next coin.
Sources disagree on two points. Wikipedia's slot machine article and a Paris Review essay date Money Honey to 1963, while Wikipedia's Bally article and the Las Vegas Advisor give 1964. Wikipedia also calls its hopper 'bottomless', whereas the Las Vegas Advisor says it was the first with a hopper and that bottomless hoppers came later.
Bally slot machines in the 1960s and 1970s
Money Honey's large automatic payouts were a step change, and Bally's electromechanical machines took over the market. Wikipedia states that by the end of the 1960s Bally held over 90% of the worldwide slot machine market. Rivals such as the Mills family's TJM Corporation failed to compete with Bally's electromechanical models.
The company spread out. It bought Midway Manufacturing, an amusement game maker in Schiller Park, Illinois, in 1969. In 1974 it bought the German machine maker Guenter Wulff-Apparatebau, renamed Bally Wulff, which it spun off in 1991. On 29 December 1979 it opened the Park Place Casino and Hotel in Atlantic City.
How the Bally slot machine business changed hands
The corporate history is tangled, because the slot business and the rest of Bally parted ways in the 1990s. This table follows the slot machines.
Bally and Williams crossed paths twice. In 1988 Bally sold its Bally/Midway amusement arm to Williams, which later made pinball tables under the Bally label. Then Scientific Games bought WMS in October 2013 and Bally Technologies in November 2014, putting both slot brands under one roof. Our Williams slot machines page tells the other half.
Bally slot machines online: 88 Fortunes
Light & Wonder publishes some Bally-branded games online. One with checked figures is 88 Fortunes, a 2016 Asian-themed game listed under Light & Wonder (Bally).
88 Fortunes at a glance
Detail
Published figure
Developer
Light & Wonder (Bally)
RTP
96%
Volatility
High
Layout
5 reels × 3 rows
Ways to win
243
Released
2016
At 96% RTP, 100 spins at 50p is £50 staked and the long-run average cost is £2, though high volatility means a session can swing far either way. At the £2 cap for 18 to 24-year-olds, 100 spins is £200 staked and £8 average cost; at the £5 cap for over-25s, £500 staked and £20. Check the game's help screen for the RTP version a casino runs. For more on the theme, see Asian-themed slot machines.
Bally machines and UK rules
Money Honey-style payouts of hundreds of coins are not what British venues offer. A Bally-designed machine in a UK casino would be a Category B1 machine at most, with a £5 stake and £10,000 prize limit. In a betting shop, B2 and B3 machines are limited to £2 a game and £500 prizes. Our page on UK slot machine categories has the full list. Which Bally cabinets are installed in British venues is not confirmed in sources we checked.
Bally slot machine myths
Old electromechanical machines were not easier to beat. Their payout was set by reel design, just as modern returns are set by software.
Pulling the lever harder or softer on a lever machine did not change the result in any way a player could use.
A modern Bally game does not remember your last spin. Each result comes from the random number generator.
The Bally's casino brand and Bally machines are different businesses; one does not set the other's payouts.
Where to play Bally-style slots online in the UK
Light & Wonder games, including some Bally titles, appear at many UK casinos, but no source confirms which of our partners carry them, and lobbies change. Search the casino's games list for the title before you deposit.
Our partner offers, all 18+ with terms applying: Coral lets new players bet £10 on slots to receive 100 free spins (10p each, selected games, 48 hours to accept, 7 days to use, no wagering on winnings). Ladbrokes gives new customers who play £10 on slots 50 free spins daily for 10 days, up to 500, at 10p each with no wagering. PlayOJO offers 80 no-wagering free spins on Big Bass Bonanza, 10p each, for a first deposit of at least £10. Coral and Ladbrokes belong to the same operator, so read the terms. See our casinos page for licence details.
Coral and Ladbrokes are both run by LC International Limited (Entain). If you already hold an account with one Entain brand, you may not be able to open a new account with another; check the terms before signing up.
Significant terms: 18+. New players only. Offer runs 01/10/2026 to 01/02/2027. Deposit (certain types excluded) and bet £10+ on slot games to get 100 free spins (selected games, £0.10 each, 48 hrs to accept, valid 7 days). No wagering on free spin winnings. Deposits by Neteller, PayPal, Paysafe, Skrill, prepaid cards and certain debit cards do not qualify. Restrictions and T&Cs apply. GamCare.org.uk
Read the Coral reviewLicence: LC International Limited, UKGC account 54743. Offer checked 5 October 2026.
Significant terms: 18+. New customers only, from 14/11/25 until further notice. Certain deposit methods excluded. Deposit and spend £10+ on slots for 50 free spins a day during the first 10 days after first deposit and registration (max 500, £0.10 each, selected games, claim before 23:59 each day, valid 7 days). No wagering. Prepaid cards, PayPal, Paysafe, Neteller, Skrill and Moneybookers deposits do not qualify. Restrictions and T&Cs apply. GamCare.org.uk
Read the Ladbrokes reviewLicence: LC International Limited, UKGC account 54743. Offer checked 5 October 2026.
Significant terms: 18+. New UK customers (excluding Northern Ireland). First deposit only. Minimum deposit £10. 80 free spins on Big Bass Bonanza, £0.10 each. No wagering requirements; winnings paid in cash. Cannot be used with any other offer. Only available to players who arrive through the designated offer link. Full T&Cs apply. GamCare.org.uk
Read the PlayOJO reviewLicence: Skill On Net Limited, UKGC account 39326. Offer checked 5 October 2026.
18+. Gambling should be entertainment that costs money, not a way to make it. Decide a budget before you play: plan a slot budget. Free, confidential help: National Gambling Helpline 0808 8020 133.
Frequently asked questions
Is Bally still making slot machines?
Yes, as a brand. The Bally machine business has belonged to Light & Wonder, formerly Scientific Games, since 21 November 2014, and Bally continues as a brand within that group after the company's 2022 rename. Light & Wonder also owns Williams (WMS) and the British maker Barcrest. Its UK licence accounts include LNW Gaming UK Limited, 66104. The group's online games that we cover are gathered on the Light & Wonder page.
When was Money Honey made?
Money Honey dates to 1963 or 1964, depending on the source. Wikipedia's slot machine article and a Paris Review essay give 1963, while Wikipedia's Bally Manufacturing article and the Las Vegas Advisor give 1964. Both accounts agree it was a Bally machine and the first fully electromechanical slot, with automatic payouts of up to 500 coins. Our electromechanical slot history covers the machine and the period in more depth.
Is Bally's casino the same company as Bally slot machines?
No. Bally's Corporation, the casino company, was Twin River Worldwide Holdings until it renamed itself in October 2020 after acquiring rights to the casino name. The slot machine brand descends from Bally Manufacturing and now belongs to Light & Wonder. The two share a name and a history, not an owner. If you play at a Bally's-branded casino, the games come from many suppliers. Our manufacturers hub shows which brands belong to which groups.
Why was Money Honey important?
It changed what a slot could pay. Money Honey used electric motors and circuits instead of purely mechanical parts and paid up to 500 coins automatically from a hopper, which mechanical machines could not match. Wikipedia credits Bally with over 90% of the worldwide slot market by the end of the 1960s. It still had a lever, so the one-armed bandit look survived. See slot machine hoppers for how hoppers work.
Who founded Bally?
Raymond Moloney founded Bally on 10 January 1932 in Chicago. Its parent, Lion Manufacturing, set it up to make pinball games, and the company was named after its first game, Ballyhoo. Moloney moved into slot machines in the late 1930s. The company later added Midway, Bally Wulff and casinos before splitting its slot business off in 1993. Our history hub places Bally among the other big names of the twentieth century.
What is the RTP of 88 Fortunes?
88 Fortunes, listed under Light & Wonder (Bally), has a published RTP of 96%. It is a high-volatility game on 5 reels and 3 rows with 243 ways to win, released in 2016. At 96%, every £100 staked returns £96 on average over a very long run, but a single session can differ widely. Casinos can run different RTP versions, so open the help screen to confirm. Our RTP guide explains the figure.
Did Bally make pinball machines?
Yes. Bally began in 1932 as a pinball maker, and its first game, Ballyhoo, gave the company its name. In 1969 it bought Midway Manufacturing, and in 1988 it sold the Bally/Midway amusement unit to Williams, which went on to release pinball tables under the Bally label. Those amusement machines are not gambling machines. The link to Williams is set out on our Williams slot machines page.
Can I play a Money Honey machine in the UK?
Not in any British venue we know of, and no list of surviving machines in UK venues is published. Original electromechanical machines are now collectors' items. Owning a vintage slot machine and using it for gambling are different legal questions, so read up before buying one. Any machine played in a UK venue today must fit a legal category with stake and prize limits. Start with our guide to collecting vintage slot machines.
What does Light & Wonder own besides Bally?
Light & Wonder, formerly Scientific Games, traces its roots to Automatic Totalisators (1917) and Scientific Games (1973). It bought the British maker Barcrest in 2011, WMS in October 2013 and Bally Technologies in November 2014, and it rebranded in 2022. Wikipedia reports it delisted from Nasdaq in November 2025. In January 2026 it agreed to pay Aristocrat US$127.5 million to settle a game dispute. See our Barcrest page for the British side.
Gambling can be addictive. Free, confidential help is available 24 hours a day from the National Gambling Helpline on 0808 8020 133. Visit GamCare.org.uk and GamCare, or block yourself from all UK-licensed gambling sites with GAMSTOP.
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