This page investigates the odds of the progressive jackpot slot machine, Megabucks, including the average jackpot and breakeven point. For now, let's ignore the fact that a jackpot is paid by installments over 25 years and that the jackpot would be subject to income tax. Megabucks Slots Explained. Whether you regularly visit Vegas or prefer real cash online gambling, Megabucks slots are likely on your radar. The game, which was developed by International Gaming Technology, is easily the most famous slot machine title in 2020 thanks to its monstrous jackpots. IGT Powerbucks® Slots and Wheel of Fortune® Slots Award Massive Jackpots in August; 08 Sep 2020 IGT Senior Vice President of Corporate Affairs Scott Gunn Inducted into Lottery Industry Hall of Fame; 26 Aug 2020 IGT PlaySports Expands Sports Betting Leadership with Addition of In-House Oddsmaking for U.S. Customers; 19 Aug 2020.
- Megabucks Slot Machine Current Jackpot Payout
- Megabucks Slot Machine Current Jackpot
- Megabucks Slot Machine Current Jackpot Results
Slot games have changed the fortunes of many players. Generally, factors like low stakes, immediate payoffs, and ease of playing attract casino players to slot games. However, trendy and creative themes, bright colours, flashing lights, and a psychedelic mix of sights and sounds have become somewhat equally responsible for bringing in more casino players.
It is pertinent to note that some of the biggest casino wins in history have come from the slots and the subsequent introduction of progressive jackpots has helped maximise the number of slot wins. In case you need an if-they-can-win-so-can-you dose of motivation, read about the biggest jackpots won on casino slots below.
Both online slots and slot machines offer a chance to win multimillion-dollar jackpots. So, let us start with listing the biggest slots wins in the history of casino gaming.
News Highlights
The story of the suitcase man
Urban legends are fairly common in the world of betting, but none are as seemingly evergreen as the story of the 'Suitcase Man.'
In 1980, William Lee Bergstrom came with two suitcases to the Binion's Horseshoe Casino in Las Vegas. One suitcase was empty, and the other had $777,000 in it. He put the entire amount at stake and doubled his money on a solo dice roll. He then drove off with both his suitcases filled with the prize money.
But that's not it!
In 1984, Bergstrom returned to place a $1 million bet, which he ended up losing. To this day, this has been the largest bet someone made against a casino.
Megabucks machines in Las Vegas
John Tippin, a postal worker, went on a holiday to Vegas and won $11 million at the Megabucks Slot Machine in 1996. These slots are state-operated, and there are over 700 in operation around Nevada.
In 1998, the Megabucks jackpot crossed over $20 million for the first time, when a retired flight attendant gambled more than the total amount that could be put at stake ($300) at Palace Station Hotel and Casino. It fetched a whopping $27.5 million jackpot.
Megabucks Slot Machine Current Jackpot Payout
A year later, a single $10 spin paid out $21 million in the Megabucks at Caesars Palace.
The double winner
Another well-known Megabucks story is that of Elmer Sherwin, who played and won twice — once in 1989 when he won $4.6 million, and then again in 2005 when he won a massive $21.1 million at the age of 92. https://1tiveogramjip2.wixsite.com/virgindownloading/post/new-vegas-casino.
The breakfast win
In 2002, a 74-year-old woman named Johanna Huendl of Covina, California, stopped to enjoy some breakfast and casually put about $170 into a Megabucks slot machine. She ended up winning $22.6 million. What a delightful start to a morning!
The biggest slot winner ever
Megabucks Slot Machine Current Jackpot
In 2003, a software engineer in Los Angeles wagered $100 on Megabucks at Excalibur and won $39.7 million, the biggest win in Vegas's casino gaming history. The money had to be paid out in 25 annual instalments of $1.5 million each.
Now that online gambling has taken over traditional gambling, it is indeed fascinating to know how these tech-driven casino games have turned the wheels of fortune for many. Some of the major wins that are still remembered include the Beach Life jackpot.
Starting from 2011, the jackpot meter went past first $5 million, then $6 million and eventually even $8 million – much more than what the game had ever offered before. Autocad for apple macbook pro.
So, who won? The name of the winner was not released when they cracked the right grouping of symbols and took home a prize of more than $8.2 million on 12th February 2012. It was one of the biggest wins ever seen in online gambling in those days.
Online progressive jackpots
The amount of progressive jackpots grows every time the slot game is played without anyone winning the game. A part of the money from each spin is put into an online jackpot. When won, the jackpot retunes to a predefined amount and slowly increases again.
Many machines can be used to play collectively to make for higher jackpots. So, when there are no winners, the moolah grows to an amazing amount attracting people from all over the world.
What's up now?
Free casino games real money. There are no two ways about the fact that online casinos are a direct competition to Vegas and similar other land-based casino gaming cities. It is because the former offers the same scale of prizes as the latter, combined with progressive jackpots available across several online slots.
The highest amount won in online slots till date is £13.2 million (approximately $20 million). Registered in the Guinness Book of World Records, Jon Heywood won it in 2015 on the Mega Moolah slot.
In another place, an anonymous Australian player received a colossal $10.4 million (AUS) on the Dark Knight slot, a game which has now been withdrawn due to licensing issues.
PokerStars Casino has also introduced several progressive jackpot slots with minimum prize money of more than $1 million. Since January 2017, there have been 12 players who have won over $23.6 million in progressive jackpots.
Do these stories inspire you to play more to try your luck at the next big win? Let us know your stories in the comments below.
Note: While all the payout figures in this article are validated, there could be a discrepancy in terms of current values, due to currency exchange rates and inflation and deflation over the years.
You may have seen the news story a few years ago about a woman in Queens, New York who almost won the largest slot machine jackpot in history. Unfortunately, the nearly $43 million win was a machine malfunction that went well above the $6,500 max payout.
A new record may not have been set, but there have been a number of huge casino jackpots throughout history. If you're gearing up for a trip to Vegas or a casino party, check out these stories of life-changing, mind blowing jackpot wins.
Biggest Slot Machine Jackpots
Megabucks Slot Machine Current Jackpot Results
Think you can't get lucky on a slot machine twice? In 1998 a retired flight attendant proved that lightning can strike twice at the casinos. The unnamed woman first won $680,000 on a Wheel of Fortune slot machine at Palace Station. She decided to keep trying her luck and months later she won $27 million on a Megabucks machine at the same casino!
Elmer Sherwin is undoubtedly a lucky guy. He also hit not one but two of the largest slot machine jackpots in history! The first win of $4.6 million was on a Megabucks slot machine at the Mirage in 1989. Sherwin decided to visit Cannery Casino in North Las Vegas in 2005 to test his luck again. There he won again on a Megabucks slot machine, but this time he walked away with $21.1 million. Mr. Sherwin was in his 90s when he hit his second jackpot.
A few years early a 25-year-old software engineer won the highest slot machine payout in history. In 2003 the young man won $39.7 million playing a Megabucks machine at Excalibur. He decided to take an annual $1.5 million payout for 25 years instead of one lump sum payment. That means he'll be raking in the dough for another decade.
In 2000 Cynthia Jay scored the largest jackpot at the time. She won nearly $35 million at a Megabucks slot machine in the Monte Carlo Casino in Vegas. But less than two months later Jay was in a horrible car wreck that killed her sister and left Jay paralyzed from the chest down.
In August 2016 a resident of Hawaii came to the mainland for a Vegas vacation and traveled back home with a lot more money. What was really impressive is that the woman was playing penny slot machines at the Wynn casino when she won $10,777,270.51.
While it isn't the biggest slot machine jackpot win in history, a Florida man identified as only Fred S. did get very lucky in July 2018. He hit not one but two big jackpots at the Hard Rock Biloxi within a matter of minutes. First, Fred got a massive $1,291,918 win with a $20 bet. While he waited on the casino to verify the win he got a $14,000 win on another slot machine to bring the total winnings over $1.3 million.
Biggest Hands at the Poker Table
Hands down, the World Series of Poker (WSOP) is where you'll find the biggest Texas Hold'em jackpots. Once the field gets narrowed down to just two players, a single hand can bring in millions. After 10 hours of heads up poker playing, John Cynn was named the 2018 WSOP winner and received $8,800,000. His opponent Tony Miles didn't do so bad himself. Even though he lost, Miles received $5 million for second place.
But that wasn't the biggest payout in the history of the tournament or even that year. Four other WSOP winners have won more:
Jamie Gold - $12 million in 2006
Martin Jacobson - $10 million in 2014
Peter Eastgate - $9,152,416 in 2008
Jonathan Duhamel - $8,944,138 in 2010
In 2018 Justin Bonomo won $10 million in the World Series of Poker's $1 million buy-in Big One for One Drop. But by far the later poker jackpot ever was $18,346,673 when Antonio Esfandiari won the 2012 Big One for One Drop.
Highest Payouts at the Craps Table
Patricia Demauro is easily one of the most successful craps players in history. In 2009 she famously won 154 consecutive throws while playing at the Borgata in Atlantic City. The actual amount was never disclosed, but based on the minimum buy-in of $10 the payout would likely range from well over six figures up to $1 million or more.
Not long ago a player won over $5.3 million at the Tropicana Casino and Resort, mainly at the craps tables. The unidentified man had a 6-hour hot streak, but he had to bet big to win the millions. At one point he was placing $100,000 bets.
Huge Win at the Roulette Wheel
In 2004 Ashley Revell made a huge gamble. He sold everything he owned, headed to Vegas and put his entire life savings on a spin of the roulette wheel. Crazy – yes. But it paid off. Revell put just over $135,000 on a red bet and won over $270,000. The whole thing was filmed and eventually became a short reality show called Double or Nothing.
Biggest Blackjack Winners
The most infamously successful blackjack players were a group of MIT students who used card counting to win around $100 million. However, this situation was unique because the mathematical geniuses worked as a team so their winning streaks wouldn't get noticed by dealers.
But one man bested the MIT players. Gambler Don Johnson made millions at blackjack tables over a six-month period in 2011. Instead of card counting, Johnson sought out casinos that had the most favorable rules, like being able to split a hand up to four times.
Another thing Johnson looked for were casinos that offered a guaranteed payout, which refunds part of what's lost on a hand. All that research paid off to the tune of $15 million in half a year of playing.
A billionaire by the name of Kerry Packer also won big at the blackjack tables. During a trip to Vegas in 1997 he reported won somewhere in the range of $20-40 million. The winnings came from a combination of black jack and baccarat.
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