Modern casino slot machine games are controlled by a computer, and the win %s are preprogrammed into the software.
Casino one armed bandits have Random Number Generators which are constantly generating combos, even when the machine is not being played.
Running synchronously with the random # generator of the casino one-armed bandit is the pay out rate %.
The payout percent controls just how much the slot machine will payout, for eg the payout per cent may be ninety per cent, which means the slot machine game will payout ninety percent of all the bets played, and the casino will then get to keep 10 per cent.
This does not mean that for every time you bet 10 credits you will receive nine in return – where is the fun and fascination in that? Instead, the casino slot machine game just won’t payout for a little while, and then suddenly hit a hot streak and you might catch the big jackpot.
The pay out percentages most likely will vary between the different games and just a few of the notably common casinos, for e.g Golden Online Casino, which provides a payment of up to 95 %!
So, in essence, the slot machine game takes all the funds played into it and pays it out to a number of privileged winners. The casino only gets to keep a fairly indistinct percent of all the bets put out.
The casino slot software controls any part of the machine, from the flickering lights to the spinning of the reels.
When you hit spin on the slot machine, a combination is produced by the RNG which connects with the pictures on the reel.

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