There is not much of a difference. The question is, did your $60 buy you a game, or a program that is designed to just make you buy as many loot boxes as possible?

If the games are no more than glorified casinos, they should be regulated as such.

A slot machine is clearly a slot machine, and is additionally labelled as such, with mandated warnings. A video game is not - a video game which is actually a slot machine looks very similar to an actual video game.

With a slot machine, you have the chance to win money back. With loot boxes, you don't (any "rewards" are forever locked up in the game).