Megabucks Slot Machine Payouts
Gambler Hits $38.7M Slot Jackpot March 21, 2003 / 9:51 PM / AP A man in town to watch the NCAA basketball tournament hit a $38.7 million jackpot on Friday, the biggest slot machine payout ever. The Arizona player, who chooses to remain anonymous, lined up the three Megabucks symbols on IGT’s Triple Red Hot Sevens slot machine, according to Lori Nelson, Station Casinos vice president of.
Megabucks Slots Often Leads to the Biggest Slot Machine Wins
Megabucks slots is a progressive jackpot slot from IGT. It's linked to many of the biggest payouts on slot machines. Since it's debut in 1986, it's paid out more than $1 billion dollars in prizes. #1 – 25-Year-Old Software Engineer Wins $38.7 Million While killing time before the 2003 NCAA tournament started on TV, an anonymous 25-year-old software engineer decided to risk $3 on a slot machine at Excalibur Hotel Casino in Las Vegas. That $3 turned into a stunning $38.7 million jackpot on Megabucks slots. #2 – Cynthia Jay-Brennan Wins $34.9 Million In 2000, Cynthia Jay-Brennan won $34.9 million playing Megabucks slots at the former Desert Inn in Las Vegas. Sadly, weeks after claiming her jackpot prize, a drunk driver crashed into the car she was in. She was paralyzed and her sister did not survive the crash. #3 – An Anonymous Woman's $27 Million Win At Palace Station Hotel in Las Vegas, one woman played Wheel of Fortune slots and won $680,000. She opted to keep playing, In just a few months, she hit a $27 million jackpot on Megabucks slots. #4 – Woman Wins $22.6 Million at Bally's There is a pattern with Megabucks slots leading to some of the biggest slot machine wins in history. In 2002, a woman playing at Bally's Las Vegas won $22.6 million on that same game. #5 – Elmer Sherwin's $21 Million Win Elmer Sherwin fought in WWII and often played slots in Las Vegas after retirement. Shortly after The Mirage opened its doors for the very first time, Sherwin won $4.6 million playing Megabucks slots. His luck repeated itself in grand fashion when he won $21 million just shy of two decades later at the age of 87. Once again, he was playing Megabucks slots. #6 – Anonymous Player Wins Just Under $12.8 Million Megabucks slots paid a prize of just under $12.8 on a $6 bet. The player was at Aria in Las Vegas for her niece's birthday when she hit the jackpot. She said she'd chosen Megabucks slots completely by chance. #7 – Rodolfo T. Wins $11.8 Million Betting just $3 on Megabucks slots, Rodolfo T. of California won the jackpot worth just over $11.8 million. That 2017 win at the Fremont Casino isn't one of the biggest from Megabucks slots, but it still made him a very happy man.
Are Any Other Slot Machines Linked to Huge Payouts?
While Megabucks slots certainly is linked to many of the largest slot prizes in history, there are some games that have also made players very happy. At Harrah's Las Vegas, a man won $1.18 million playing Wheel of Fortune slots in July 2018. This was the second large payout from that machine. Earlier in the month, a player won almost $250,000 on Wheel of Fortune at the Cosmopolitan. A Gulf Breeze, Florida, man took home a jackpot of almost $1.3 million playing Double Diamond slots in Biloxi, Mississippi. He kept playing and won an extra $14,000 a little while later. That's not the largest win in the area. Hard Rock Casino reported that the largest prized they'd given away was $14 million to a player playing Wheel of Fortune slots.There's One More Crushing Win
In 2016, Katrina Bookman was playing Sphinx slots in New York when the machine told her she'd won a $42.9 million jackpot. It would have been the largest prize in history. The problem is the top prize on the slot machine is $6,500. She was told the machine had malfunctioned and that the most the casino could do is give her the last prize she'd won of just over $2 and a complimentary steak dinner. She is suing the casino and IGT. There's one thing all of these players have in common. They never expected they'd win the jackpot when they placed their small bets. You could join them. Whether you try Megabucks slots or something else, Lady Luck could put you on the list of the biggest slot machine wins in history. To accomplish this, you need to play slots online or at your favorite land-based casino.Dating back to the early 2000s, slot machines were only legal in 31 states around the U.S. Today there’s around 40+ states that have made them legal as well as other states that are in the process of being added to this number soon. If you think the U.S. has a lot of slot machines, check again. In Japan, slot machines are more popular and accepted than in the U.S. In comparison to the rest of the world, Japan is #1 on the list for having the most slot machines, followed by the U.S. ranking in at #2. Japan alone has around 5 million slot machines, and a smaller population than the U.S.
With all this talk about how popular slot machines are, have you ever dreamed of walking into a casino and then walking back out a millionaire? Surely, a lot of people have, especially when there’s so many slot machines out there that offer progressive jackpots such as the Megabucks slot machines, which have enormously large jackpots. In fact, Megabuck slot machines are a very big network operating their machines all over Vegas, and run by a company called International Game Technology (IGT). Speaking of Megabucks slots, that’s exactly what we’ll be talking about in this article. We’ll be looking at some of the winners, locations of the machines, what kind of jackpots they offer and what kind of odds they have.
Megabucks Slot Machine Payout Rules
If you’re familiar with the appearance of the classic slot machines, Megabucksslot machines are very similar holding a true and classic style with just three columns and only one payline. In order to spin the reels with the possibility of hitting a jackpot, the typical rules are that you need to bet at least a dollar, going up to three dollars. Keep in mind, in order to have a chance at winning the progressive jackpot, each spin must be three dollars. Of course you can win other smaller payouts from other combinations, however the Megabuck symbol is the symbol with the most value, and if you get three Megabuck symbols, you will be walking home with tons of cash in your pocket. What’s cool about Megabucks, all the slot machines around Vegas are all connected to one another. That means each person gambling on these machines is contributing to the jackpot amount, and whenever someone wins the jackpot, the jackpot amount for that machine, as well as all the other ones are reset to the starting amount which is $10,000,000. As of now, there are approximately 800 of these machines being operated in about 150 casinos in Nevada.
Megabucks Slot Winners
Over the last 20 years or so, Megabucks has had a handful of winners who walked out of the casinos a millionaire. As mentioned before, the progressive jackpot award starts at $10,000,000, meaning it continues to go higher until someone gets lucky and wins. Since Megabucks was first introduced back in 1986, on average 2 people win each year. Only one person won in 2016, whereas three people won in 2013, however in the year 2000, six people won. The biggest jackpot amount ever won was taken place at the Excalibur casino back in 2003, where someone took home a gigantic check with their name on it for a whopping $39M+. Keep in mind that the nearly 40% of the earnings are removed after having to pay state taxes from the winning amount, which can dramatically drop the initial win amount.
Speaking of Megabucks slot winners, below are some people that have won over the years:
- In 2000, a local cocktail waitress aged 37 won almost $35M at the Desert Inn
- In 1998, a woman who was almost 70 years old won nearly $28M at the Palace Station, and only spent around $300 to reach that win. On top of that, she won close to $700K from another machine sometime before
- In 1999, a 44-year-old man won over $21M at Caesars Palace who only supposedly won on his first spin
- In 2002, a lady at the age of 74 gambled around $150 at one of the Megabucks machine at Bally’s casino, and turned it into approximately $23M
- In 2005, a 92-year-old man won close to $21M at the Cannery Casino, and won another Megabuck jackpot at time before that one back in the late 80s for about $4M from the casino at the Mirage.
- In 2011, some lady bet only around $6 and ended up winning approximately $12M from the Megabucks machine at the Aria.
Megabucks Slot Machine Odds
Now let’s talk about the Megabucks slot machine odds. First of all, all the official machines are equipped with a software installed called a Random Number Generator (RNG), which controls the random behavior of each spin. The RNG ensures that each spin that takes place is indeed random, making it impossible to control anyone’s payouts.
Megabucks Slot Machine Odds
Although not guaranteed, but some people believe the odds of winning one of the Megabuck jackpot awards are anywhere from 1 in 17M to 1 in 50M, which means the odds of actually winning are worse than a majority of the state lotteries. Aside from the jackpot odds, the non-jackpot spins have a higher house edge than the slot machines without a progressive jackpot feature. Overall, there’s a possible chance anyone could win a Megabuck, since the odds are so small it will take a lot of losses before someone will actually wins. Nonetheless, you have to play in order to win, so don’t let the odds hold you back. If you think you’re the lucky one, go for it.
Here at Caesars Casino online, we offer a progressive jackpot feature on some of our video slot machines, which is similar to the Megabucks. In fact, if you’ve never played a progressive jackpot feature before, this is a great way to try it out for your first time, for free without any risk involved. Even if you have some experience with them, go ahead and play them anyways for some fun and/or to practice before you gamble at a real casino, with real money.