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Slot Machine Law and Legal Definition | USLegal, Inc. A machine that is operated by the insertion of a coin in a slot is known as slot machine.In the United States, the public and private availability of slot machines is highly regulated by state governments. Many states have established gaming control boards to regulate the possession and... Legal Definition and Related Resources of Slot Machine A slot machine can be generally described as a machine or contrivance which delivers or returns or purports to deliver or return to any person operating it any money as a game of chance. The definition of the term is subject to statutory variations but generally the purpose of such statutes is [...]