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.

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. A Dancing Drums Explosion video slot machine went boom on the Strip on Saturday night. An unidentified player hit a nearly $4 million jackpot on the machine at Bellagio. Specifically, the haul was.

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. 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?

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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.

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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.

The slot machine tower light must be visible to the player of the slot machine and to the surveillance department from all sides of the slot machine cabinet, unless the slot machine cabinet is against a wall or is in another location approved by the Board that results in the partial obstruction of the tower light. A reputable online casino should be licensed and regulated by an independent governing body. This means their Igt Slot Machine Candle Light Flashing games are regularly inspected to ensure they give players fair games. If you’ve played slots long enough, you’ve probably seen a slot attendant come up to a player (perhaps even you) and ask if there’s a problem. Most of the time they’ll point to the top of the machine to indicate the reason they came over was a blinking light, in this case an indication the service button was hit. Flashing light above igt slot machine. Take those lights on top of the slot machines for instance. Virtually every machine has them – a cylindrical light placed dead center on top of the machine, with two colors stacked one on top of. The reels do jump a little (very slight) when the machine is first turned on. Also checked all the plugs and harnesses that connect to the mother board and nothing appears burned or melted. Reseated all connections on the MB. The only fuses on an S Plus are the three above the transformer - correct. Thanks again for the time and effort!!

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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.

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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

Wouldn’t it be great to know the loosest slots in any Las Vegas casino? Well, you can, and it’s easier than you might think.

A “loose” slot, of course, refers to a machine that pays out frequently and in large quantities, every player’s dream. Those machines are also described as being “hot.”

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In the parlance of casinos, loose slots can be said to have the lowest casino “hold.” The hold percentage is the part of a machine’s “coin in” that the casino keeps. Hey, these casinos aren’t going to carpet themselves.

The lower the hold percentage, the more a slot machine pays back to guests. The secret to finding the loosest slots in a casino, then, is knowing which machines have the lowest hold percentage.

Many believe this information is a closely-held secret, but here’s an easy way to find out which slots are the loosest: Ask someone who knows.

Crazy, right? Every casino with slot machines has a Slot Manager, often called the Slot Operations Manager. This person, who you will never see without a suit and tie (yes, they tend to be male), knows precisely what the hold percentages are for given machines, or more typically for banks of machines.

It’s the Slot Manager’s job to monitor how machines are performing, if they’re delivering sufficient profit to the casino given the space they take, if new machines are needed, where they should be placed on the casino floor and myriad other duties.

If you want to know which slots in a casino are the “loosest,” simply ask a Slot Manager.

These are some of the loosest slots at The D Las Vegas. How do we know? We asked.

Here’s how.

Ask anyone on the floor if the Slot Manager is available to chat. Slot attendants and cocktail waitresses can be very helpful tracking them down. Hint: Be professional and courteous.

Introduce yourself to the Slot Manager and let them know you’re interested in locating the slots with the lowest hold percentage on the floor. Slot Managers are busy people, so while there’s no harm in schmoozing, don’t be shy about getting to the point.

In most cases, a Slot Manager will either point you toward a bank of machines or escort you there. Express your appreciation accordingly, and it’s time to play!

That’s it. No, really. It’s that easy.

All this begs the question: Why would a casino employee tell a player the best-playing slots in the casino?

Simple: Casinos just want people to play, they don’t care which machines they play on.

Why? Because no matter which machine you play, the house has the advantage. It’s built right into the machine’s microprocessor. Even if a machine has a great payback percentage, say 98%, it will keep $2 for every $100 put into the machine. Many machines keep significantly more.

As a rule, slots are looser at locals casinos than downtown casinos, and both pay back more than slots on The Strip. The more you know.

Now, if you can’t locate a Slot Manager, you can fall back on tried-and-true ways to find the best-paying slots.

A solid rule-of-thumb is the more active a bank of slots is, the higher the payouts tend to be. Casino regulars see patterns, so follow their lead.

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It’s also good to know that the higher the machine’s denomination, the more generous and frequent the payouts. For example, a $5 coin machine is going to have a higher payout percentage than a quarter machine, and so on.

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And finally, don’t discount the advice of those slot attendants and cocktail waitresses we mentioned. They, too, can see patterns in machine payouts. They may not be privy to the same information a Slot Manager has, but they can often point you toward the machines showing signs of being “hot.”

The next time you’re in a casino, remember our simple tip for finding the loosest slots: Ask a Slot Manager.

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And remember to have fun when you play. That way, whether Lady Luck is in the mood or not, you’re always a winner.