Megabucks Slot Machine Payout Rules AgainstMegabucks Slot Machine Payout Rules 2020 Las Vegas Megabucks Payout Rules
Megabucks is a standard $1 slot machine. The caveat is that a player must bet the maximum ($3) on a spin to be eligible to win the progressive jackpot. Once the maximum bet is made and the reels are spun, landing “ MEGABUCKS ” symbols along the payline on each of. Spain houses more than 200,000 slot machines countrywide. The payouts are not life changing for the customers and the gaming revenue doesn’t move the needle for operators. Megabucks Slots Explained. Whether you regularly visit Vegas or prefer real cash online gambling, Megabucks slots are likely on your radar. The game, which was developed by International Gaming Technology, is easily the most famous slot machine title in 2020 thanks to its monstrous jackpots. 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. Additionally, the only kind of slot machines allowed are electronic video slot machines. Therefore, you will not find any mechanical slots that have traditional reels - only video screens According to the terms of the compact between the state and the tribes, however, the minimum and maximum payouts are regulated as follows: video poker.
Origins: The potential for great wealth creates its own lore, which is why Las Vegas is a hotbed of Megabucks-related rumors. For the uninitiated, Megabucks is a network of linked progressive slot machines whose top prize starts at In general, Megabucks rumors fall into one of three categories:
On 21 March 2003, the largest-ever slots prize was awarded in
Although the mode of the unnamed winner’s demise changed from telling to telling, the basic rumor remained intact — this man so favored by Fate one day became its victim on another. His luck ran out soon after the win, said the rumor, felling him before he’d had any chance to enjoy his millions. The “overdosed at the Palms” version carried the further implication of the man’s good fortune having been his undoing. In the unspoken subtext Megabucks Slot Machine Payout Rules Againstof that telling, the lucky winner had used his new wealth to hole up in a swank hotel and dabble in drugs. In attempting to live like a rock star, he instead died like one. The rumor (all versions of it) was false. According to Connie Fox of International Game Technology (IGT), the maker of Megabucks machines and the distributor of its prizes, the young man has not been harvested by the Grim Reaper. He lives on, wealthy and anonymous. It is possible memories of a tragedy that befell a previous Megabucks winner have fueled this tale of good luck turned chillingly bad. On A year later, 58-year-old Clark Morse, the driver who caused this carnage, was sentenced to On the one hand, it would be easy to see the ‘dead Megabucks winner’ rumor as a misremembering of the circumstances that have placed Cynthia Jay-Brennan in a wheelchair for the rest of her life. Yet on the other, whispers about Megabucks winners having been struck down by misfortune have been part of gaming culture long before the March 2000 tragedy. In one well-traveled Megabucks rumor, an elderly gambler who lined up the three winning symbols on his machine suffered a heart attack and died on the spot. (Shades of Vegas Vacation and Sid Caesar kicking the bucket after hitting a $30,000 keno jackpot, that.) That particular tale had for so long been part of the Megabucks canon that it came in for mention in a 1998 newspaper story, described even then as one of the many rumors IGT had been called upon over the years to debunk. Another whisper (also around since at least 1998) claimed that every Megabucks winner under the age of 50 was now pushing up daisies. (Not true, says Connie Fox of IGT. While she doesn’t know the fate of everyone who has won Megabucks, all those she has become acquainted with or has heard of through her work are still alive.) I would hazard the opinion that such tales say a great deal more about our sense of envy than anything else. Every time a large jackpot is hit (Megabucks or otherwise), for every gobsmacked winner there are countless thousands — maybe even millions — of gamblers who were not awarded the prize. For at least some of them, a measure of solace is drawn from ‘misfortune followed soon afterwards’ tales, both for their sour grapes (“That lucky schmuck might have won a great deal of money, but it didn’t bring him happiness, did it?”) and ‘disaster narrowly avoided’ (“Just think, if I’d won the money I’d be the one left lying dead in a pool of blood”) values. The legends we tell are our way of mentally chewing over concepts that disquiet us, and very few feel at all comfortable with the realization of their feeling envious. Other rumors about the mystery man who won the This last whisper brings us to the most common wild tales associated with the big jackpot: the flawed win. Over the years, I have heard the Megabucks ‘one that got away’ story told three ways:
Connie Fox of IGT denies there ever having been an underage Megabucks winner. However, such rumors did attach to the anonymous UNLV student who hit the Although Megabucks has yet to have an underage claimant, other large slots jackpots have. A young man who hit a big one at Caesars Palace in 1987 was denied his prize because he was underage. Kirk Erickson, a 19-year-old from Royal, Arkansas, lined up the winning combination on a dollar slot machine called “The Million Dollar Baby,” but he was not paid the $1,061,812 jackpot for it. Erickson took the matter to court, and in 1989 a District Court judge ruled against him. As for casino workers being barred from playing the Megabucks slots at their place of employ, although individual properties might have such a policy, it is to be doubted that were such a person to play anyway and win that a prohibition against his gaming on the The one class of folks who could not possibly collect on such a win are IGT employees and all members of their households At least once, Megabucks has been hit by someone playing less than full coin. On An additional bit of Megabucks lore confidently states the jackpot will be hit at the newest resort casino in operation. Savvy frequent visitors to Las Vegas will sagely nod as they inform you the next Megabucks is “set to go” at whichever glitz palace just opened. That too is hogwash. Where the jackpot is hit is determined by pure chance, not by anyone high in the casino industry paying off IGT for the prestige of having one of its machines register the win. (And prestige is all that would accrue to the casino, because unlike some lotteries which distribute cash premiums to the venues that sold winning tickets, Megabucks does not award a small piece of the prize to the casino for having been the building that housed the winning machine. Although most of the money being dropped into play by jackpot seekers goes to fund the game’s prizes, some goes to IGT, and some goes to the gaming establishment that hosts the machines, so casinos already receive compensation whether their Megabucks units are winners or not. Also, casinos that have been the sites of multi-million dollar strikes do very well just on the prestige alone because gamblers are attracted to luck, figuring if one guy hit the big one there, there’s a fair chance they might be just as lucky if they went to the same spot.) If the Megabucks jackpot appears to be awarded more often at the newer casinos, it’s due to their being better attended — more people through these gambling halls means more people playing the machines. The more people who play the machines at any one location, the greater the chances the jackpot will be hit there. And that’s all there is to it. Many of the instant millionaires Megabucks and its ilk create are reluctant to sign the releases that allow their names and some information about them to be made public, worrying that strangers will appear on their doorsteps to pressure them for money. But from what Connie Fox of IGT has seen, the ones these people have the most to fear from are their nearest and dearest, the very kith and kin they were moved to telephone in the first blush of excitement over their astonishing good fortune. Connie has gotten to know a number of Megabucks winners over the years, and she has seen through the lens of their experiences with their loved ones how a large prize can shake up relationships and redefine the pecking order. A large win can and has in some cases changed the family dynamic, overnight making the fortunate slot player the de facto head of the family — that person suddenly finds everyone looking to him for everything. It has also changed the power balance between couples, making the partner who had previously been the follower into the decision-maker for that pair. Some couples and families weather these shifts without too much trouble, and some do not. Barbara “so there you have it — oranges, lemons, cherries, and a few sour grapes” Mikkelson Additional information: Last updated: 1 June 2014
You don’t need any special skills to play a slot machine. All you do is select the spin button and wait for results. But this isn’t to say that you can’t do certain things to improve your chances of winning in slots. One of the easiest ways to boost your odds is by playing slot machines with high payback percentages. Much like any other casino game, winning back more money gives you better odds of beating the casino. But how do you find the highest-paying slot machines? And is this made easier with popular slots? ![]() Find out as I cover different methods of finding payback for popular slot machines in both land-based and online casinos. But first, I’m going to discuss exactly what payback is for those who know little about this concept. What Is Payback Percentage and Return to Player?Two terms that you’ll often see in the slots world include payback percentages and return to player. Payback percentages and return to player (RTP) are the same thing, and they refer to how much money a slot machine pays over the long term. Here’s an example.
I stress the word “theoretically,” because slot machines don’t hit their intended payback percentage in the short run. Instead, these are volatile games that only realize their RTP after hundreds of thousands or even millions of spins. You might think that this diminishes the value of finding RTP. But if you continually play slot machines with high payback, then you’ll have the best chance to win money. Finding Payback for Popular Land-Based Slot MachinesThe land-based casino industry features plenty of famous slot machines, including IGT’s Ellen, Aristocrat’s Game of Thrones, Bally’s Hot Shot, IGT’s Megabucks, and IGT’s Wheel of Fortune. Given how these machines take millions of dollars in collective bets every day, you’d think that it would be easy to find RTP for each one. But the truth is that it’s really hard to get info on land-based slot machines. Note:One problem is that casinos can order different payback for the same game. If IGT offers 10 different RTP options for their Ellen slot machine, then many casinos will to choose differently from each other. Another problem is that there’s just not much information out there on land-based slot machine payback. You can google different terms again and again and still not find RTP for the most popular slots. But as impossible as finding brick-and-mortar slots payback may seem, there are a few different avenues you can take. Look at State Gaming ReportsOne of the most reliable ways to find RTP data on slot machines is by looking at reports from gaming jurisdictions. These records contain general information on what payback you can expect from different casinos. You may even get lucky and find payback percentages on the popular games. This 2017 report from the Nevada Gaming Control Board shows the state’s average win from various coin denominations, as well as Megabucks.
Megabucks is arguably the world’s most famous slot machine. This game has paid out many of the biggest slots jackpots in history, including the largest one at $39.7 million. This is why the Megabucks slot machine is the only one that regularly appears on the Nevada Gaming Control Board’s monthly/annual reports. Free online slots with bonus no download or registration. The data above shows that Megabucks only paid back 87.93% throughout 2017. This game doesn’t even match payback from Vegas penny slot machines (90.17%), which are notorious for being tight. But it’s worth adding that the 87.93% payback refers to what Megabucks starts at after IGT seeds the initial jackpot. Given that this is a progressive game, the jackpot grows with every bet. And Megabucks’ payback can be much higher than the 87.93% listed value. Many famous slot machines with big progressive jackpots start around 88% payback, including Wheel of Fortune. You can then use the jackpot size to make an educated guess on how high the RTP has grown. Be sure to look at your state’s gaming report to see what you can dig up on slot machine payback. Odds are that you won’t find data on specific games, like with Megabucks in Nevada’s report. But you’ll at least get an idea of the casinos and coin denominations that are paying well. Make General RTP Assumptions About Coin DenominationsGenerally speaking, slot machines with higher coin denominations pay more money. Of course, the statistics don’t always show this. A good example can be seen in the 2017 Nevada report discussed above, where everything from nickel to $100 slots are relatively even. But also keep in mind that the $25 slot machines had the highest payback (95.03%). As for the $100 slots only paying 93.21%, this can be chalked up to a smaller sample size. Only a small percentage of gamblers can actually afford to bet $100 per spin. This means that the $100 slot machines’ statistics will be more volatile than other denominations. We can look at payback for coin denominations at Connecticut’s Foxwoods for evidence of this.
You can see here that payback progressively increases when moving from penny to $100 slots. The biggest separation is seen when moving from the $5 slots (94.08% RTP) to $100 games (96.76%). Making generalizations about slots payback percentages based on games’ coin size isn’t a guaranteed plan. But it’s a solid method to use when you don’t have any other information. Be careful when seeking out higher-denomination slots just for the payback, though. You’re still going to lose more money on high-denomination slots overall, even with the increased RTP. Here’s a comparison using the Foxwoods’ data to illustrate this point.
If you really want to play the higher-denomination games, then by all means, do so. But don’t fall into the trap of thinking that you’ll win more money this way. Look at Overall Slots Payback for CasinosYou won’t have much luck finding RTP for individual slot machines, but you can at least develop a composite average by looking at overall payback among casinos. State gaming reports, like the ones discussed before, are good for doing this. Here’s an example from Ohio that shows the average 2017 slots RTP for their casinos.
These figures show what you can expect in terms of all slot machines at these casinos. The best deal was offered at JACK Cleveland, where players earned an average of 92.34% payback. The lowest overall RTP is seen at Hollywood Mahoning Valley, where players faced 90.09% payback on average. Of course, there are no guarantees when you go off of composite averages. You can sit down to a random slot machine at JACK Cleveland that pays less than games at Hollywood Mahoning. But the key is that you at least have a better chance by choosing casinos with superior payback. Google Different Slots Payback/RTP TermsOne final way that you can look for land-based payback percentages is simply by googling terms. You can choose specific terms such as “Ellen slot RTP” or “IGT Wheel of Fortune RTP.” But I caution you that merely searching Google doesn’t turn up much information I’ve spent a good deal of time searching for various terms regarding land-based slot machine payback. Unfortunately, most of these efforts have turned up little-to-no information. If your initial searches don’t produce anything worthwhile, you can always switch things up. For example, google “Hot Shot slot payback” instead of “Hot Shot slot RTP.” But again, information is scarce on payback for individual slots. The best you’ll normally do is finding general info like state gaming reports and articles. Finding Payback for Popular Online Slot MachinesLooking for online slots RTP is a much easier task compared to doing the same for land-based machines. The main reason why is due to the nature of how the internet slots industry works. Online gaming providers produce games and normally offer a uniform payback percentage across all casinos. This differs from the land-based industry, where the casinos have options in terms of RTP. Gsn games free download. The end result is that the same slot machine you find at one online casino has identical payback in another casino. On another note, you can expect higher RTP from online slots. The reason why is because internet casinos can run these games cheaper due to less overhead costs. They don’t have to pay for big slot machine cabinets or people to maintain the games. Instead, everything runs through internet software. Now I’m going to look at a few different ways that you can find RTP for online slot machines. Search for Individual Games and Their Payback PercentageIf you already have a specific online slot in mind, then you can quickly find payback by searching for it. Here’s an example:
The good news is that you don’t even need to select one of the search results in most cases. You can instead read the description snippets under each link to spot the payback percentage. In the case of my search for Blood Suckers’ RTP, I only had to scroll down to the second result’s description to find the answer. Of course, you should start clicking website links if you don’t find what you’re looking for in the descriptions. Looking at the individual games works great if you already have favorite slots and want to know their RTP. Look at an Online Slot Machine’s Help ScreenMuch like land-based slot machines, older online slots fail to list their RTP. But most of the new online slot machines do offer this information. All you need to do is visit an internet slot machine’s help screen to check for the payback. Here’s an example.
Megabucks Slot Machine Payout Rules 2020Sometimes you’ll play games that have multiple pages on the help screen. In this case, all you need to do is keep scrolling until you find the payback percentage. You’ll notice that certain online slots makers always put the RTP in the help screens of their newer games. Examples include NetEnt, Quickspin, and Thunderkick. Google Individual Online Slots MakersWhat I’ve discussed so far works well for finding payback percentages on popular online slot machines. But if you like a certain slots maker’s style, then you can look for RTP on all of their games. Spartacus online slot. This is nice because it gives you a complete list of a specific provider’s slot machines. You can then use this info to choose the highest-paying games. Here’s an example on finding RTP for RealTime Gaming (RTP) slots.
Sometimes the info you need will be dispersed throughout several search results. Other times you’ll find a neat list that covers every slot machine. Don’t Forget About Slots VolatilityI covered the importance of payback percentages earlier. But it’s also important to consider how volatility affects your returns. Volatility refers to how much your short-term results will fluctuate when playing slot machines. This means that you might not win much money in the short term even if a game has good RTP. High-volatility slot machines have more unpredictable results than low-volatility games. If you’re trying to stretch out a small bankroll, then you want to avoid games with high volatility. Some online slots developers actually give a volatility rating for their slot machines. Pragmatic Play is one example, and they use between one and five lightning bolts to indicate volatility. But the vast majority of internet slot machines still don’t offer this information. That means you need to look at the jackpot size and the pay table to make a rough guess on a game’s volatility. Generally speaking, volatile slot machines have big jackpots and few small payouts. Therefore, you want to look for the opposite of this to make your bankroll last longer. How Progressive Jackpots Affect PaybackLas Vegas Megabucks Payout RulesSeveral of the most popular online slot machines are linked to huge progressive jackpots. These include Microgaming’s Mega Moolah, NetEnt’s Mega Fortune, Playtech’s Jackpot Giant, and Random Logic’s Millionaire Genie. These games are just like Megabucks and Wheel of Fortune in how they start with low payback. But the RTP steadily grows as more players pour money into these games. For ExampleMega Moolah starts off with 88.12% payback. This figure quickly grows as the Mega Moolah jackpot adds millions of dollars in value. Unfortunately, calculating exactly how much a progressive jackpot affects RTP is next to impossible. The reason why is because slots games don’t list the exact odds behind every payout. This is different from video poker, where we can always figure out payback percentages based on the odds of getting certain hands. Nevertheless, you can make educated guesses based on where a jackpot value begins up to its current point. If Mega Fortune is seeded at $500,000 and grows to $5 million, you know that RTP has also increased by a significant amount. Of course, the odds are very slim that you’ll win the progressive jackpot. This means that you’ll be dealing with the base payback figures. If you’re not comfortable dealing with between 88% and 90% payback, then I suggest choosing popular online slots that don’t have big progressive jackpots. These games will pay back money on a more consistent basis. But if you like to dream big, then, by all means, play the bigger progressive slot machines. Just wait until the jackpot grows, though, so that you theoretically get higher expected value from your wagers. Always Read the Help Screen to Ensure You Earn Max PaybackOne more point I’d like to stress is how you should always check out the help screen to learn all the rules. I already discussed how this is a good way to figure out a game’s RTP. But the help screen also explains the different stipulations behind earning max payback. For ExampleYou may have to use all of the pay lines or bet a certain coin size to qualify for the highest RTP. Furthermore, the progressive jackpot and/or bonus features may only be available for max bettors. The aforementioned Game of Thrones slot machine requires a 100-credit wager to trigger the Fire & Blood bonus. If you don’t have a chance to unlock this bonus, then you’re not playing for the highest payback. The last thing you want to do is play a slot machine under the guise that you’re earning a certain payback percentage, only to find out that you’re not. Check out a game’s help screen and learn the rules before you start betting real money. ConclusionFinding payback percentages is far easier with online slots thanks to all of the available information. You can find this info either by googling popular games or even the slots providers themselves. The latter is great for when you like a certain slots maker and want to know which of their games offer the best RTP. In contrast, land-based slot machines offer very little payback info. Megabucks is one of the few popular slots with an actual payback figure listed online. This leaves you having to sift through state gaming reports and making guesses based on coin denominations and progressive jackpot sizes. It’s not an exact science, but this at least gives you some clue. In summary, use the methods that I’ve covered here to find payback percentages for popular slot machines. Consistently doing so ensures that you’ll win more money back as you continue playing slots. |