Megabucks are slots with progressive jackpots, combined into a single network that covers casinos in several American states. The owner and operator of this network is International Game Technology, better known by its abbreviated name IGT.
From Florida – Two Big Slot Wins. While this may not make it to the Guinness Book of Records as one of the largest slot wins, a man identified as just Fred S. Made not just one but 2 slot jackpot wins in 2018. The Florida man made the winnings minutes in between. In the first jackpot, we won an incredible $1,291,918 with a bet of 20. The “biggest jackpot I ever won on a slot machine” could not have happened at a better time! My wife and I, newly married, had agreed to a trip to Las Vegas with three other couples for a five day getaway. Over the years there have been some truly monumental jackpot wins, changing people’s lives forever. Read the facts on the biggest and most famous slot machine jackpots available, for any gambler with a little spare cash. The Lions Share. The Daily Mail recently reported on a Vegas slot machine, which stunningly hasn’t hit the jackpot for 20.
Megabucks slot is considered as an alternative to state lotteries and enjoys incredible popularity among Americans. Actually, there is an opinion that IGT specifically released it to create a lottery competition. Since the beginning of the eighties in the twentieth century, when the slot was launched for the first time, this slot made dozens of players millionaires.
Thanks to the skillfully organized advertising company, every Megabucks jackpot, when it reaches a considerable size, causes a real excitement among the gambling public. And every hit of the progressive jackpot is widely covered in the media, attracting even more casino visitors to the slot. No other slot in the world is overgrown with so many incredible myths, rumors, and legends. But with all this, there are a lot of gambling experts and just experienced players who consider Megabucks a hideous slot that absolutely does not deserve so much attention. So, who is right: fans or opponents of this slot?
Where to Play the Megabucks Slot
- Secure
- Fast Withdrawals
Rank | Casino/Hotel | Details | Booking |
---|---|---|---|
Silverton | $50-100Avg. Room Rates | View Deals | |
2 | Wynn | $300-600Avg. Room Rates | View Deals |
3 | Treasure Island | $80-160Avg. Room Rates | View Deals |
4 | Luxor | $60-120Avg. Room Rates | View Deals |
How to Play Megabucks
The classic version of the Megabucks slot from IGT is a 3-reel slot machine with the only one payline. In order to qualify for a progressive jackpot, the player must definitely bet three dollars. There are a lot of stories (both true and fictitious) about casino customers, who had the jackpot combination, but they did not receive any jackpot because of a bet less than three dollars.
The progressive jackpot is not completely nullified when a lucky winner gets it but starts to grow from a certain amount. In recent years, this fixed amount is $10,000,000. There are persistent rumors that soon this initial sum of the jackpot should increase by one million.
Megabucks Slot Odds
![Biggest Slot Jackpot Biggest Slot Jackpot](https://i.ytimg.com/vi/MNTDlkYo_3Y/hqdefault.jpg)
Strange as it may seem, there is no official information about the probability of winning the Megabucks jackpot. Some casinos say that the player has one chance out of 50 million, while others claim that this is one chance of 17 million. Whatever it was, when the sum of the jackpot is large enough, fans of this slot are ready to fly thousands of kilometers to try their luck.
What do Lady Luck’s favorites have from this slot? Do they get all that huge amount of money that is advertised? When you win a jackpot, events can unfold as follows. First of all, the lucky guy will receive a check for $1,400,000. Then the winner is given two or three months to decide how he wants to get his winnings. There are two options: the amount is divided into annual payments, which will be transferred to the player within twenty-five years, or he can get the winnings immediately at a time, but at a rate of 60% of the jackpot.
That is, having won ten million, the winner can receive in the second variant only six million, but at once and with one payment. After receiving the win, he still has to pay taxes. Unsurprisingly, almost all holders of Megabucks jackpots prefer to receive their winnings in the form of annual payments.
However, in this case, they also have to pay taxes, the Internal Revenue Service of the United States (IRS) very strictly follows this. Subtract from the total amount of the jackpot another 40%, because such winnings are taxed at the maximum rate. So, the next time you hear that someone has won ten million in Megabucks and immediately took all the money, you know that the lucky guy got a little over three and a half million at his disposal.
The Curse of the Megabucks Jackpot
As already mentioned above, there are a lot of urban legends about the Megabucks slot and its jackpot, mostly of a gloomy nature. For the most part, they describe the tragic fate of players who managed to win a huge jackpot. It is believed that almost all the lucky people either perish or suffer numerous woes. The cause of their numerous misfortunes is the so-called Curse of the Megabucks slot.
Of course, in these stories, there is much more fiction than the truth. However, there is no smoke without fire — some winners, really, seriously suffered after they won the jackpot. In particular, the further life of the waitress Cynthia J. Brennan, who won $34.9 million in 2000, was sad. A month and a half after the win, Cynthia and her sister were hit by a drunk driver. The sister died on the spot, and Cynthia was forever paralyzed. The guy who drove the car in a state of intoxication was imprisoned for twenty-eight years.
But the rumors about the curse of Megabucks spread even before the year 2000. Simply, this accident was widely covered in the press and made people remember about other similar events, which at that time did not become so resonant. In 2003, many media published a story about a 25-year-old player who became the owner of the Megabucks jackpot and either died from a drug overdose in a casino hotel or was killed in a street shootout. IGT companies had to work hard to convince the public of the falsity of these statements.
There are also a lot of rumors about underage players and employees of different casinos who won the Megabucks jackpot but could not get it due to existing rules. But none of these rumors received documentary evidence.
Many experts in the field of gambling suggest that ITG recently made relevant changes to the Megabucks system, which makes the jackpot play less often, but with larger amounts. Although officially the company claims that nothing of the sort has happened, this opinion remains very popular.
Where Could You Play Megabucks?
Most fans of slot machines and large jackpots are not afraid of the curse of Megabucks and are willing to play in this slot. You can find this slot in almost all real casinos on the Las Vegas Strip, as well as in other establishments in Nevada, California, New Jersey, Mississippi, and some Indian reservations. Each state has its own separate network of Megabucks slots, but the biggest progressive jackpots are expected in Nevada. In other states, jackpots are much smaller.
Why do Experts Consider Megabucks a Bad Slot?
Biggest Slot Jackpot In History
Experts do not believe in the curse of the Megabucks slot, but this does not stop them from considering this gambling machine not worthy of attention. The fact is that this slot is very unprofitable for the player. Firstly, it has an extremely high percentage of the casino advantage, which reaches 10-15% (for comparison, many slots in the Las Vegas casino are limited to 2-3%). Secondly, the procedure for paying a jackpot is extremely inconvenient. The winner either loses 40% of the amount or gets it in parts for 25 years. But the progressive jackpots of most other slots are paid immediately and in full.
All this suggests that Megabucks is a mediocre slot, which gained its popularity only thanks to record payments and a masterly organized PR campaign.
See Also
Biggest Slot Jackpot On Video
Las Vegas Progressive Jackpots
There is one category of slot machine that you will at one time or another be tempted to play, no matter in which playing environment you choose to play in or at, and that is of course the ever growing range of progressive slot machines!
Over the years all major slot machine manufacturers and designers have brought out a large array of such machines, and what makes playing them so interesting is that any player at any moment could win the jackpots on offer, if they play them in the way they need to be played to have the progressive element of the slot in play!
In this particular guide which we hope you enjoy reading, we are going to be taking a look at which slot machines, available at online, mobile and bricks and mortar casinos have paid out the largest ever jackpots in those three playing environments.
Whilst you never know just when a progressive a jackpot will be won, as long as at one point in time on any slot playing session you do set about playing such slots then you will have a chance of winning those ever growing and very attractive jackpots!
Biggest Mobile Progressive Jackpots Won
Playing slot machines on your mobile devices such as the latest all singing and all dancing Smart Phones or on any type of Tablet device is going to give you the ability of playing your favourite slot machines no matter where you are or where you want to play.
How to win slot tournaments. Whilst the mobile gaming environment is not as established as the online and of course the land based gaming environments you are always going to find lots of different types of slot machines available and on offer to you no matter at which mobile casino sites you play at.
You may therefore be wondering, if you are thinking of playing progressive slot machines on such a device, which slot machines have paid out the very highest valued progressive jackpots, and it is going to be any of the Mega Moolah slot machines you should be looking to play on a mobile device if out do want to have the chance of becoming an instant multi-millionaire!
The two highest ever mobile progressive jackpots wonon mobile slot games were both won on the Microgaming designed Mega Moolah slot machine, and the value of those two jackpots were €8,012,153.35 and €7,968,311.26 respectively.
One of the main attractions for players of the Mega Moolah mobile progressive slot machine is that the jackpots are awarded via a randomly awarded wheel spinning bonus game and you could be awarded with that bonus game no matter at what stake you are playing each base game spin for!
Highest Valued Online Slot Machine Jackpots Won
It will not surprise you to learn that the biggest ever online slot machine jackpot was also won on the Mega Moolah slot game, for the jackpot pools on that series of slot machines from Microgaming are linked into every single casino offering their games. Viva slots vegas facebook.
As such when you play any of the slot machines that make up that series of slots a small percentage of your stakes and every other players stakes are being fed into the four progressive jackpot pools and as such not only do those jackpots grow rapidly in value, due to the huge number of players playing them at any time of the night or day, when they are won they do payout huge amounts of cash. 100 slot machine.
It was a player in the UK who won the highest ever online progressive slot jackpot, and that player was playing with all of the pay lines of that slot activated, but as playing it for the very lowest maximum line stake option which for reference is just 0.25!
Keep in mind that you are going to be able to play the Mega Moolah slots at various different casinos and can play them in your own home currency, and if you ever do win one of the huge jackpots when playing any Microgaming designed slot machine they are going to pay you out that jackpot quickly in one single payment, and not in annual instalments!
Biggest Slot Jackpots Won in Bricks and Mortar Casino
If you are ever planning a trip to places such as Las Vegas in Nevada USA then you are going to find no shortages of different types of progressive jackpot awarding slot machines on offer to you, including classic three reel slot machines and the very latest video slot machines too.
However, as a slot player you should be tracking down and playing, at some point in your visit to Las Vegas the Mega Bucks slot machines, of which there will be plenty of them dotted around most bricks and mortar casino games floors!
Those slot machines come with lots of different staking options and different coin denominations settings, so there will always be a fair chance you will some across plenty of them that will be offering you a playing structure and staking option that will make them affordable slot machines to play.
As the Mega Bucks series of slots are all linked and networked together in regards to their type, one thing that you are going to notice is that the jackpots can grow in size to some extraordinary amounts!
If you are thinking of playing much a slot then one tip we can pass onto you will be to wait until the jackpots are high in value as an overdue jackpot may just be won at any time. The highest ever bricks and mortar slot machine jackpot awarded to a player was won in the Excalibur Casino in Las Vegas on the 21st of March 2003 and the jackpot won was a mind blowing $39,710,826.36