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.
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, created by International Game Technology ( IGT), may well be the most famous slot machine in the world today. This progressive slot machine can be found throughout International Game Technology (IGT) casinos in Las Vegas and other locations in Nevada, with smaller versions of the same jackpot being offered in other jurisdictions.
About 2,500 retailers offer video gambling across Oregon. The state is rare for its widely available lottery-run slot machines. Most states don't offer lottery-run video gambling, and those that do largely limit the machines to a few casinos or racinos. About 2,500 retailers offer video gambling across Oregon. The state is rare for its widely available lottery-run slot machines. Most states don't offer lottery-run video gambling, and those that do largely limit the machines to a few casinos or racinos. Hitting a winning combination on the Megabucks $1 slot machine.
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.
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.
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The first pit stop for visitors in Las Vegas is usually a casino as this is the city where you can find the world's best slots and the best casino websites. There are a lot of other cities in the world that try to compete with Vegas, but very few will come close to the ambiance of The Strip.
As all the bells and whistles might get a bit overwhelming most visitors tend to forget (or not even care) about the enormous house edge casinos hold against their visitors. Let's not forget that a lot of slot machines in Vegas offer paybacks between 75% and 98% — meaning that for every dollar a player spends, he or she will only get between 75 and 98 cents in return. Just to mention: in online casinos this so-called Return To Player (RTP) is usually set somewhere between 93% and 98%, meaning gamblers in Las Vegas stand a lot less chance against the house.
It is even quite rare to find Las Vegas casinos advertising their slot odds to their visitors, which is a major drawback if you ask us. We would, therefore, encourage you to always first check out the RTP of a slot machine before you start playing for real money. As we're here to help we got you a list of 5 Vegas casinos that actually do tend to pay out a lot more than their competitors. Omg fortune slots. This way you're fully prepared for your upcoming stay in the Entertainment Capital of the World. Have fun and make sure you earn some good bucks!
The top 5 most paying Vegas casinos
Megabucks
IGT's Megabucks has continued to pay enormous life-changing jackpots for close to two decades. Their slogan has always remained ‘Dream big. Win big'. They have a network of slot machines that they have linked all around Nevada. Megabucks boasts of a top prize that they build from a $10 million base amount. Players only have to spend $1 for a spin. However, if you are looking to win the top amount, you have to use $3. Although this sounds like an expensive investment, imagine leaving the casino with millions worth of winnings.
Megabucks boast that it paid the biggest slot jackpots in the history of Vegas. One of its lucky winners was Trinidad Torres. She is a 78-year-old from Utah who played $100 and managed to win over $10 million in the jackpot. She plans to use the winnings to travel to the Philippines and get a yellow Mustang.
Mandalay Bay
They have a gaming area with more than 1,700 video poker and slot games. It also features table games such as Baccarat, roulette and blackjack. They have a big 17-screen race and sports book with some of the biggest screens in the city. It also gives a plush VIP booth for extravagant spenders. The casino is known for offering some of the biggest jackpots to players.
Excalibur
More than a decade ago, a 25-year-old software engineer who was a Los Angeles Resident, managed to clinch the city's biggest jackpot on a slot. He played a $100 on the Megabucks machine. The reward was nearly $40 million for this young man. Is there a better investment than this?
Caesars Palace
This is a classic casino in Las Vegas that is also known for its upscale atmosphere. It is the place where you can find high limit games, including table games such as baccarat and blackjack, and test your luck. Those who fancy poker games can enjoy their 16-table poker room that comes with Wi-Fi and USB ports for charging. You will also find a race and sportsbook that offers numerous games to watch and bet on. This might be the place where you finally get to fulfill your dreams by winning a massive jackpot. A 49-year-old man from Illinois who described himself as a self-employed consultant used a $10 bill into the Megabucks machine and managed to hit a multimillion-dollar jackpot. This was also on his first spin too.
Aria Resort and Casino
This sophisticated and sleek casino has over 150,000 sq feet of gaming space. In it, you will find 145 table games and 1,940 slot machines. If you love gambling, try your luck at craps, baccarat, roulette and Ultimate Texas Hold'em, among others. The casino Aria is popular with poker players. It has a luxurious 24-table room exclusive for poker playing. They offer tournaments twice per day.
One woman was visiting her niece who lives in Las Vegas and decided to visit this casino. She tried her luck on the Megabucks slot machine by dropping $6. When the winning symbols appeared, she thought that the machine had broken down. It was her daughter who clarified things for her. She had won more than $12 million on that jackpot. What is more, four months later, another lucky player managed to win $10 million in another jackpot. Maybe it would be worth booking a room in this hotel and trying your luck in their Megabucks slot machine.
If you are a resident of or visiting Las Vegas, why not pay a visit to any of the above casinos and try your luck. Who knows, you might become the next biggest winner.
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