Megabucks Jackpot History (Wins of $10 Million or More) Competing Jackpot Hunters Lament Loss of Record-Setting Total Within the slot machine gaming enthusiast community, learning that Megabucks’ massive jackpot had been won proved to be bittersweet indeed. The “progressive jackpot” is a type of a prize pool that is accumulated through all Megabucks slot machines positioned in various casinos throughout the state. A small percentage of every bet is gathered into a mutual pool, which makes up the jackpot. An interesting fact is that if the jackpot is won, the amount is reset at $10 million! IGT’s Megabucks is a dollar coin slot machine that requires 3 coins or $3.00 to hit the jackpot. The jackpot is reset to a predetermined amount after every mega win. While the present reset amount is $10-million, there is chatter that this will be increasing to $11-million. The first win of $4.6 million was on a Megabucks slot machine at the Mirage in 1989. Sherwin decided to visit Cannery Casino in North Las Vegas in 2005 to test his luck again. There he won again on a Megabucks slot machine, but this time he walked away with $21.1 million. Sherwin was in his 90s when he hit his second jackpot.

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Well-known as an exciting, attractive and fascinating game, which has various interesting variations, megabucks slots offer high payouts and entertaining time to spend. That is why it’s no wonder that millions of casino fans make the game their first choice. Modern megabucks slot machine games have interesting features. Since every type or variation has its own specific characteristics, gamblers are always truly thrilled each time they begin to play.

Generally the megabucks machines are the machines that provide jackpots to those players who adore pay-lines. The traditional machine of that type includes 5 reels and sixty pay-lines. What make the game so intriguing is that it offers really great progressive jackpots. Basically, these jackpots are the largest offered in casinos. Thus, jackpots provided by megabucks slot machines can be up to $40,000,000.

To some extend this game reminds of the lottery with the only difference in the payback percentage, because in megabucks games it is about 90% when with the lottery it is only 52%.

The Myths About Megabucks

There is a legend that there is a megabucks game curse. If you find some time to look through online pages, you will definitely find a few stories about large megabucks jackpots winners who faced a tragedy. Many players believe that the curse exists and everyone winning jackpots sooner or later has to deal with it.

For instance, there is a story about the man who won about $39 million and died. Another story tells about the waitress who won $34 millions in the jackpot and then was hit by a drunk driver. You can also come across different stories about the lucky winners who could not collect their jackpots for some mysterious reasons. Any legend regarding megabucks slot machines is interesting in its own way. Of course, the only evidence that such stories are true to life is your personal perception of the reality. Some gamblers enjoy them while others try to stay away from these slots not to get into a huge problem.

If you are not scared and still feel like making a shot at the greatest jackpot, you are more likely to spend only about $3 to start playing. The point is that gamblers can play megabucks slot games for only $0.01 per one coin, however, in order to qualify for some 300 credit jackpot every player needs to bet three dollars.

Like any other way of gambling, these slots offer the game of chances and you can never be 100% sure that the next jackpot will be yours. That is why before playing on real money, you should take your time and practice a bit. Therefore, there are many interesting web site offering free slot game of any kind. Probably the best thing of these sites is that you can gamble as much as you want and at the same time never lose a cent. Once you feel like playing on cash, you should keep in mind that the Internet is flooded with online casinos that provide their players with attractive bonuses.

Most attended casinos

If you want play hard, you better know the best spots for gaming.

• 7 Sultans
  The 7 Sultans is online since the year 1999 and is operated by the well known Fortune Lounge gaming group. 7 Sultans offers more than 200 games to players and uses MicroGaming Viper software.
• All Jackpots
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• All Slots
  There are several different welcome bonuses offered to the players by the casino like a 100% match up. Every month the players get a 10% bonus. Apart from this, there are several different monthly promotional schemes and freebies.
• First Web
  In all there are more than 140 different slot games. Though plenty of these games are similar in style, the themes, graphics and the variations available for the players to choose from are quite great.
• The Fortune Room
  Fortune Room is very safe and secure for all the banking transactions that the players conduct on their interface which is always an added benefit. The bonuses at the Fortune Room can be claimed every week.
• Gaming Club
  The payouts given by the Gaming Club are reviewed by one of the worlds top five accounting companies each month, the reports are available on The Gaming Club web site and is a great way to compare with other spots.
• King Neptune’s
  King Neptune's casino has a great variety of slots to choose from, like the classic 3 reel games to the big Microgaming progressives with high jackpots of $25,00,000, which can be won.

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To play free slots is popular among the players because of the excitement they give to the players.

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Payoffs in Online

Most online slot games offer above 90% payout, the online slot machine games are so generous to players.

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There are many aspects, which you are to know and apply if you really want to win a large jackpot.

FAQ

You have a question, and we have the answer. Different details on different slot machine online games.

Megabucks Casino Jackpots Slots

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 a wonderful marketing strategy, Megabucks continues to ignite a firestorm every time the jackpot reaches ‘megabuck’ status. It is also a slot machine that generates a ridiculous amount of gossip and urban legend circulating on the game and its winners.

However, if you look at the real truth behind IGT’s Megabucks, even with all the myths and legends dispelled, it will become apparent that this progressive slot is a poor place to spend your money.

How Does Megabucks Work?

IGT’s Megabucks is a dollar coin slot machine that requires 3 coins or $3.00 to hit the jackpot. The jackpot is reset to a predetermined amount after every mega win. While the present reset amount is $10-million, there is chatter that this will be increasing 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.

Where Can You Play Megabucks?

Nevada is the true home of Megabucks and is found in nearly all of the 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.

I’ve had the opportunity to throw a few dollars in the Megabucks ring on a trip to Mississippi. I noticed the jackpot was much lower than I have seen in Las Vegas and while I did feel like, by some magic formula, my odds were better because the stakes were lower I did not win.

However, these don’t include as many venues as the Nevada edition and their jackpots are usually only a fraction of the original. Each state that offers Megabucks has a separate jackpot system with individual meters and winners. If a jackpot is won in one state, it does not affect the progressive jackpot in another.

Each Megabucks machine has its own random number and hence chooses its own outcomes. These outcomes are then reported to a central location. When the jackpot is hit on one machine, the central station sends out a message to the other machines, resetting their respective meters.

How About the Odds of Winning Megabucks?

Statistics about the true odds of winning the Megabucks jackpot remain sketchy at best.

It is certainly understandable why the betting for the Megabucks sometimes reaches chaotic proportions and has people crossing over the state line just to have a shot at winning so many millions.

But do winners really receive what the games advertise? 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. Obviously, most winners choose the former and take the lump sum payment.

Whichever option the winner chooses, he or she 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 needing to be taken into account. When all is said and done, the prize money dwindles somewhat miserably after Uncle Sam takes a bite.

Of course, nobody has ever refused the money all together & taken $0. So, I suppose most people wouldn’t scoff at $14 million or so.

Megabucks Curse

No slot machine in the history of the world has had close to as many urban legends, myths and stories surrounding the game of Megabucks.

Typically, these legends center around the unfortunate fate of Megabucks winners, which leads the masses to believe that winning the multi-million dollar jackpot will result in an ultimately unlucky death. While pretty much all of these stories have proven to be fabricated, Megabucks still has the obstinate reputation of being cursed.

Many believe that the genesis of the rumors hanging over Megabucks is based on the truly tragic story of a 37 year-old cocktail waitress named Cynthia Jay-Brennan. In 2000, Jay-Brennan, was the lucky winner of a $34.9-million Megabucks jackpot, played in the Desert Inn Casino in Vegas.

Less than 2 months after her win, Jay-Brennan was surprisingly involved in a car crash. Her sister was killed instantly and poor Cynthia, herself, was left a quadriplegic. The driver of the car that hit the pair was under the influence of alcohol and was eventually tried and sentenced to 28 years; however, this did not stop rumors flying that Megabucks was a cursed game to win.

The fact is that Jay-Brennan’s accident was not the first of these rumors, as they circulated well before the year 2000. However, since this event, stories continuously surface regarding the tragic fate of every winner of the latest Megajackpot win.

When another young man hit the jackpot in 2003, rumors spread like a virus of his untimely ‘death’ through various ends, 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 new found wealth.

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To date, none of these stories have come up as anything other than tall tales.

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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.

Conclusion

Megabucks Vegas Jackpot

So, while you now understand that most stories flying around the industry regarding the curse of Megabucks are false, I 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.

Megabucks Jackpots

When we strip Megabucks from all the pomp and glam that surrounds it, we find a middle of the road progressive slot game that doesn’t give you much for your money. And even if you do get incredibly lucky and win, you don’t exactly get the flashy numbers promised to you. Instead 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. Final conclusion? Megabucks is not a mega hit. In fact, there are lots more fish in the proverbial gambling sea.