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There will be not just a great difference among land-based slots and online slots. It is because they now both depend upon digital computer chip technology to generate their reels and slots, as well as the outcomes of spinning a reel. In earlier times, slot machines had a real handle that you pulled to manually spin the reels. Currently, while slot machines may still offer a handle for the sake of nostalgia, the inner workings of the slot machine are computer-based. In several cases the handle has also been replaced by a button that you press to start the reels spinning.
Some land-based slot machines have actual spinning reels that spin in the machine and stop at a certain point, much like a roulette wheel. In contrast, you will find increasing numbers of land-based slot machines which have a digital interface, meaning that the reels are represented virtually, in the same way since they are on your screen when you play online.
Thus the main difference among land-based slots and online slot machines will be the way you communicate with them. You physically take some action with a land-based machine, such as pulling a handle or pushing a button. Online everything is accomplished by clicking your mouse button.
There is one other area - that can be of great interest to you - where there's a subtle but important difference between online slot machines and ones in land-based casinos. This is that the payout percentage at online casinos is usually higher than at real-world ones. This means that the casino's "hold" or it's advantage over you is slightly less, making your time spent good online slot gambling more profitable over-time.
The real difference is small, often not more than one percentage point, but it all adds up finally, and can be the real difference between ending up slightly ahead or slightly down.