The history and chronology of the casinos on Fremont Street in downtown Las Vegas including collectibles and items from those casinos. Things to do in Vegas for the over 50 crowd. The history and chronology of the casinos and entertainment properties in downtown Las Vegas including various collectibles. Nothing for sale, just history and fun! Casino Jackpots. If you really want to win big playing online slots, progressive jackpots are your best bet. We list all progressive jackpots that grow and grow with every spin. The longer the jackpot takes to be won, the higher the prize becomes, resulting in mega payouts for the lucky winners.
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.
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. Heads up holdem. 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 |
---|---|---|---|
New York New York | $80-160Avg. Room Rates | View Deals | |
2 | Caesar's Palace | $200-400Avg. Room Rates | View Deals |
3 | Riviera | $80-160Avg. Room Rates | View Deals |
4 | South Point | $80-160Avg. 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
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. Playing odds in craps.
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?
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
Las Vegas Progressive Jackpots
There are always going to be some mega sized jackpots won in places such as a Las Vegas, and this is obviously due to the fact that there are more players and more progressive slot games found in this gambling City than in any other part of the world. You are able to play Las Vegas slot machine games for real money on this page of our website.
However, you may be wondering just how often some of the progressive slot games that can be found in Las Vegas award their top prize jackpots, and if so then the following guide to going to open your eyes in regards to the frequency that the jackpots are awarded on Las Vegas progressive slot games.
What you will also find interesting in this guide is we have chosen to name not only the casinos in which the jackpot were won but also the time and amount of the jackpots, plus of course we list the name of the slot games which awarded these life changing jackpot winning payouts.
It should be noted that as you check through this listing of the top 10 biggest Las Vegas slot jackpot winners guide, you will notice that the Wheel of Fortune slot game does appear to pay out its jackpot very, very regularly. The reason for this is simple, that is one of the most played slot game series in Las Vegas, with virtually every land based casino in Nevada offering a range of these highly playable games!
Always be aware that if you do decide to give any of the following progressive slot games some play tie mina land based casino, you need to play maximum bet spins to have a chance of winning in the jackpot paying combination and then winning the progressive jackpot attached to that slot game.If you play any of the following top 10 progressive slots and fail to put into play maximum bet spins then you will have no chance what so ever of winning the progressive jackpot, you may however win a much smaller cash prize if you line up the jackpot combinations but have not put into play the required stake amounts.
Always have a good look through the rules of any progressive slot game you are thinking of sitting down and playing before you actually do play it, for printed on the slot games glass you will find exactly hw you have to play the slot to have any realistic chance of spinning in and winning that life changing jackpot win!
Vegas Jackpots 2019
Let us now present to you the top 10 Las Vegas progressive jackpots that have been paid out on various different slot games in the last few months, as you are about to discover the value of some of these jackpots won are huge, and there have been many people leaving Las Vegas multi millionaires!
Vegas Slot Jackpot
Hopefully you will be adding your name to the jackpot winners list one day soon, let’s hope so!
Vegas Jackpots 2020
- Wheel of Fortune Video Slot (1¢) – The highest jackpot won in Las Vegas recently was a jackpot worth $4,526,288.12 this jackpot was won on 1/28/2014 and the lucky winning player was playing the 1c Wheel of Fortune Video Slot at the Caesars Palace Casino when the jackpot combination was spun in.
- Wheel of Fortune Slot $1.00 – The second highest jackpot won in Las Vegas recently was a jackpot worth $2,694,775.14 this jackpot was won on 5/26/2014 and the lucky winning player was playing the $1 Wheel of Fortune Slot at Treasure Island when the jackpot combination was spun in.
- Wheel of Fortune $1.00 – The third highest jackpot won in Las Vegas recently was a jackpot worth $1,235,302 this jackpot was won on 11/11/2013 and the lucky winning player was playing the $1.00 Wheel of Fortune slot at Caesars Palace when the jackpot combination was spun in.
- Wheel of Fortune $1.00 – The fourth highest jackpot won in Las Vegas recently was a jackpot worth $1,094,560.56 this jackpot was won on 6/7/2014 and the lucky winning player was playing the $1.00 Wheel of Fortune slot at the Bellagio when the jackpot combination was spun in.
- Wheel of Fortune $5 – The fifth highest jackpot won in Las Vegas recently was a jackpot worth $1,036,304 this jackpot was won on 10/26/2013 and the lucky winning player was playing the $5 Wheel of Fortune at Harrah’s when the jackpot combination was spun in.
- Wheel of Fortune 25¢ – The sixth highest jackpot won in Las Vegas recently was a jackpot worth $273,005 this jackpot was won on 11/6/2013 and the lucky winning player was playing the 25c Wheel of Fortune slot at the Las Vegas Hotel and Casino when the jackpot combination was spun in.
- Wheel of Fortune 25¢ – The seventh highest jackpot won in Las Vegas recently was a jackpot worth $257,696 this jackpot was won on 10/28/2013 and the lucky winning player was playing the 25c Wheel of Fortune slot at the Excalibur Casino when the jackpot combination was spun in.
- Wheel of Fortune 25¢ – The eighth highest jackpot won in Las Vegas recently was a jackpot worth $241,126.36 this jackpot was won on 12/28/2013 and the lucky winning player was playing the25c Wheel of Fortune slot at the Aquarius Casino Resort in Laughlin when the jackpot combination was spun in.
- Wheel of Fortune 25¢ – The ninth highest jackpot won in Las Vegas recently was a jackpot worth $238,177 this jackpot was won on 11/10/2013 and the lucky winning player was playing the 25c Wheel of Fortune slot at the Mandalay Bay Casino when the jackpot combination was spun in.
- Wheel of Fortune 25¢ – The tenth highest jackpot won in Las Vegas recently was a jackpot worth $201,352.99 this jackpot was won on 3/10/2014 and the lucky winning player was playing the 25c Wheel of Fortune slot at the Planet Hollywood Resort and Casino when the jackpot combination was spun in.