Megabucks Slot Machine Winners

1. Megabucks Slot Machine Winner
2. Megabucks Slot Machine Jackpot Winners
3. Megabucks Slot Machine Payouts
4. Megabucks Slot Machine Winners In Las Vegas
5. Megabucks Slot Jackpot

Postal Worker Walks away with an $11 million Win at Megabucks. Slot big wins have been around, and this is a classic example of how slot machines can turn a player's fortune. While vacationing in Las Vegas in 1991, John Tippin, a postal worker, landed a humongous $11-million-dollar Megabucks jackpot. Tippin went on to publish a book ( I.

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 Winner

For the uninitiated, Megabucks is a network of linked progressive slot machines whose top prize starts at $10 million and continues to grow until someone gets lucky and lines up the three. According to a news release shared with Fox News, Kevin won the jackpot from an International Game Technology Megabucks slot machine Thursday afternoon around 12:30 p.m. He reportedly put only $40.

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.

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.

The Curse of Megabucks Progressive Slot Machine

Megabucks is a Nevada state-wide slot jackpot network that is owned and run by the slot machine company, International Game Technology (IGT). Considered Nevada's state lottery, Megabucks is extremely popular and has created quite a few millionaires in its 19-year history. Thanks to excellent PR hype, Megabucks continues to spur hysteria every time the jackpot reaches ‘megabuck' proportions. It is also a slot machine that generates an incredible amount of gossip and legends surrounding the game and its winners. However, if we look at the real truth behind IGT's Megabucks – even with all the myths and legends dispelled - we will see that this progressive slot is simply a bad game to play.

How does Megabucks Work?

IGT's Megabucks is a dollar coin slot machine that requires 3 coins ($3.00) to hit the jackpot. The jackpot is reset to a specific amount after every grand win. While the present reset amount is $10-million, there is talk that this will soon rise to $11-million. Megabucks is part of the company's MegaJackpot slot system that connects about 750 machines in 136 Nevada casinos to one primary jackpot that builds from the base jackpot amount. International Game Technology owns the Megabucks machines and the casino gets a cut of the money that each machine wins from the players. It is common knowledge that IGT created Megabucks to compete with state lotteries. Grande vegas casino no deposit bonus codes 2016.

Betsoft casino no deposit bonus. Where can Megabucks be Played?

Megabucks Slot Machine Jackpot Winners

The State of Nevada is the true home of Megabucks and can be found in most popular casinos on the strip. Unlike multi-state lotteries, this game does not cross state lines. IGT runs Megabucks jackpots in the states of California, New Jersey and Mississippi, as well as some Indian reservations. However, these don't encompass as many venues as the Nevada edition and their jackpots are traditionally much smaller. Each state that offers Megabucks has a separate jackpot system with separate meters and winners. If a jackpot is won in one state, it does not affect the progressive jackpot in another. https://jackpot-free-coins-tricks-free-bet-kh.peatix.com.

Each Megabucks machine has its own RNG (random number generator) and chooses its own outcomes. These outcomes are reported to a central station. When the jackpot is hit on one machine, the central station sends out a message to the other machines to reset their meters.

Play video poker free online. What are the Odds of Winning Megabucks?

Statistics regarding the true odds of winning the Megabucks jackpot remain sketchy. Some put the odds down to about one in 50-million, while others, such as the Las Vegas Sun, put it as ‘low' as 1 in 17-million. It is certainly understandable why the betting surrounding Megabucks sometimes reaches hysteric proportions and has people crossing over the state line to have a shot at winning so many millions. But do winners really get what they are promised? Let's take the example of a $35-million win. Initially, for that amount of money, winners get a check of $1.4 million. They then have between sixty and ninety days to decide whether they want to take their money in annual installments over twenty-five years or a lump sum of 60% of the money. For a $35-million win, that would result in $21-million before taxes. Needless to say, most winners choose the former option.

Whichever option the winner chooses, he or she is still needs to take into account the taxes payable to the IRS. They are subject to the maximum tax rate of nearly 40%, with state taxes also needed to be taken into account. When all is said and done, the prize money dwindles somewhat miserably after Uncle Sam takes a bite.

Megabucks Slot Machine Payouts

The Curse of Megabucks

No gambling machine in the history of Vegas has had so many urban legends, myths and stories surrounding the game of Megabucks. Usually these stories center around the tragic fate of Megabucks winners – leading many to believe that winning the multi-million dollar jackpot will result in an untimely death. While almost all these stories have proven to be false, Megabucks still has the obstinate reputation of being cursed.

Many believe that the hotbed of rumors surrounding Megabucks is based on the true but tragic story of a 37 year-old cocktail waitress named Cynthia Jay-Brennan. In 2000, Jay-Brennan, was the lucky winner of $34.9-million Megabucks jackpot, played in the Desert Inn Casino in Vegas. Only six weeks after her win, Jay-Brennan was tragically involved in an automobile crash. Her sister was killed instantly and she, herself, was left a quadriplegic. The driver of the car that hit the pair was under the influence of alcohol and was subsequently put away for 28 years; however, this did not stop rumors flying that Megabucks was a cursed game to win.

The truth is that Jay-Brennan's accident was not the start of these rumors, as they existed well before the year 2000. However, since this event, many stories continue to surface regarding the tragic fate of every winner of subsequent Megajackpot wins. When a 25 year-old won the jackpot in 2003, stories spread like wild-fire of his untimely ‘death' through various ways, including a fatal drug overdose in a casino hotel and in a gang fight as far away as Los Angeles. All these stories have, thus far, proven to be false and while the winner chose to remain anonymous, IGT has assured the public time and time again that the lucky young man is alive and well, and enjoying his riches.

Other urban legends related to Megabucks tell stories of underage players who could not claim their winnings, employers of a casino who played Megabucks and couldn't claim their prize because of a law forbidding workers to gamble at their places of work and other tales along the same vein. To date, none of these stories have come up as true.

A rumor, which has not yet been dispelled, is one regarding the change in the Megabucks programming system. Some claim that IGT changed the programming of the system to make the jackpot hit less frequently but for more money. While IGT claims that they did not do anything of the sort, there are many experts in the gambling field who feel that some sort of change was made in the past.

Finally, a minor rumor that can be dispelled is one that says that the central station to which each jackpot machine reports chooses the winner. IGT assures its gambling public that each machine has its own RNG and thus every machine chooses its own outcome.

Megabucks Slot Machine Winners In Las Vegas

Conclusion: Megabucks is Megajunk

Megabucks Slot Jackpot

So, while we understand that most stories flying around the industry regarding the curse of Megabucks are false, we cannot ignore the fact that this is simply a bad slot game to play for 2 reasons. First is the house 'hold'. Megabucks holds between 10% - 15% of every dollar played. Many slot machines in Nevada hold as little as 2% or 3%. The second reason that makes Megabucks a terrible play for the serious gambler is that you only receive 60% of your jackpot. There are many other progressive slots in your casino that pay big jackpots, but give you the whole thing.

When we strip Megabucks from all the pomp and glam that surrounds it, we find a mediocre progressive slot game that doesn't give you much for your money. And even if you do win, you don't exactly get the flashy numbers promised to you – you will have to settle for a sum that is much more modest in nature, paid off to you over a period of 25 years. An unusual cup of coffee mac os. Final conclusion? https://coolcup588.weebly.com/how-do-u-download-roblox.html. Megabucks is megajunk. There are lots more fish in the proverbial gambling sea.