Megabucks Slot

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Megabucks Slots In Vegas
Megabucks Slot Vegas

Megabucks is a popular slot machine offered by IGT featuring one of the highest progressive jackpots among all slot games. First introduced to gamblers in 1994, Megabucks is now available in dozens of casinos in the United States. The highest concentration of Megabucks machines can be found in Las Vegas and Reno.

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.

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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.

The Megabucks slot machine has become an enticing game for casino goers, and it has been drawing in wandering slots players for over a decade with its most distinct feature; a massive progressive jackpot which has been known to reach over $30,000,000.

It goes without saying that this game probably has one of the largest progressive jackpots that you’ll ever come across inside of a casino, and it makes the Wheel of Fortune progressive look like chump-change.

Megabucks Machine Variations

The most common Megabucks game features a simple 3-reel machine with 1 payline. Over the course of its lifespan, IGT has had plenty of time to come up with new variations of Megabucks and they definitely did not disappoint.

Today there is a total of 19 different Megabucks slot games which feature either 3-reels or 5-reels. IGT has combined the Megabucks with other company staples like Wolf Run, Double Diamond and 3x4x5x times pay. A complete list of all Megabucks slot game varieties can be found below.

– Megabucks Crystal Sevens
– Megabucks Red Hot Re-Spin
– Megabucks Double Diamond Deluxe
– Megabucks Triple Double Stars
– Megabucks Double 3x4x5x Times Pay
– Megabucks Pink Ice
– Megabucks Wild Sapphires
– Megabucks Mega Volt Respin
– Megabucks Fire Sapphires
– Megabucks Wolf Run
– Megabucks Hot Bells
– Megabucks Triple Ruby Riches
– Megabucks Double Diamond
– Megabucks Free Spins
– Megabucks Red, White & Blue
– Megabucks Double Gold
– Megabucks 2x3x4x5x Gold
– Megabucks Megablast
– Megabucks Platinum Pays

Where to Play Megabucks

If you like Megabucks, you might be disappointed, as it’s only offered in Nevada and California. It can be played at most casinos in Las Vegas, Reno and Lake Tahoe as well as a few select Native American casinos in California. If you want to play in California, you’ll have to visit Red Hawk Casino, Thunder Valley Casino Resort or Gold Country Casino.

Unfortunately, there are no machines in Atlantic City at this time.

Megabucks Slots In Vegas

When you are at a casino with Megabucks, you’ll find that they’re often located in high-traffic areas, most likely because of their flashy progressive sign displaying the massive jackpot.

Megabucks Progressive

Since Megabucks was introduced in the 1990’s, just over 30 different people have experienced a life changing win while playing. To win the progressive jackpot, you need to get the Megabucks icon on each reel. Every time someone hits the progressive, the jackpot automatically resets back to $10,000,000 (in Nevada) or $3,000,000 (in California).

The money used to bankroll the progressive jackpot is collected by IGT on a state-by-state basis. For example, there are separate progressive jackpots for Nevada and California. As you might imagine, the California jackpot is always much lower than the one in Nevada.

Megabucks Slot Vegas

The biggest win ever recorded on a Megabucks progressive machine happened on January 26th, 2000 at a little-known Nevada casino called Desert Inn. The player in question won a jaw-dropping $34,955,490.

According to Wizard of Odds, the probability of winning a Megabucks progressive is 1 in 49,836,032. If you are lucky enough to win a Megabucks jackpot, however, don’t expect to walk out of the casino with tens of millions of dollars in the bank. All progressive wins for Megabucks are issued to the player by IGT in 25 installments, which are paid out once per year.

Taking this into account, the lowest amount you could win from hitting a Megabucks progressive (in Nevada) would equate to about $400,000 per year ($10,000,000 / 25 payments).

Odds and RTP

If you’re interested in playing slots with high RTP percentages, you’ll be disappointed to learn that Megabucks might be one of the worst machines you can play. Though the game is wildly popular in Las Vegas, it has a house edge of roughly 11.39% which means that the average RTP is only 88.61%. Compare that to some other popular slot games that boast 98% or 99% RTP and you’ll probably think twice before pumping money into a Megabucks machine.

Needless to say, the lure of winning a life-changing jackpot of $10,000,000+ – regardless of the odds – keeps players coming back time and time again.