Largest Slot Payout in History

Largest Slot Payout in History

In March of 2003, the gaming industry provided its largest slot payout ever, a prize of $39,713,982.25, won on a Megabucks machine at the Excalibur Hotel & Casino. MGM Resorts International owns and operates the Excalibur, and the venue launched on the Vegas Strip in 1990, situated at the Tropicana – Las Vegas Boulevard intersection.

Due to a request for anonymity, not much information is available about this spinner, except that he was a 25-year old software engineer from California. As the story goes, while visiting family in Vegas, he found himself strolling Excalibur’s casino floor. On his uncle’s advice, he put down a $100 bet on the Megabucks slot, which proved to be a life-changing investment. Finding himself in Lady Luck’s good graces, he landed the massive jackpot sum.

Days after the event, the Excalibur Casino released a statement containing the following quote from the lucky winner – “I’m still stunned; it doesn’t seem real yet. Both of my parents are working, so I will use some of this money to fund their retirements.” The Californian opted to get his winnings in installments of $1.5 million per year. The previous slot jackpot record stood at $34.9 million, won in 2000, at the Desert Inn, in Las Vegas.

10 High Paying Online Slots

Those unfamiliar with gambling sites may believe that superb payouts such as those mentioned above can only happen at land-based venues in hot spots like Macau, Vegas, or Atlantic City. However, that is not the case because you can also find slots that feature massive jackpot prizes hosted on these online slot casinos.

To illustrate that the prizes awarded in the digital sphere are comparable to those at real-life casinos, we only have to mention one name – Mega Moolah. In early October of 2018, the Microgaming slot provided a record-setting $21.7 million jackpot to an anonymous gambler.

The win represented a sizeable improvement from the previous record of $13.2 million, won in May of 2015 by John Heywood, a British Army lance corporal.

Mega Moolah is the king of high paying online slots, and you can play it at platforms such as Betway, 888 Casino, and Jackpot City Casino. Other titles that offer enormous rewards include:

1. Mega Fortune

2. Wheels of Fortune

3. Epic Holiday Party

4. Reels of Wealth

5. Mr. Vegas

6. Fire Dragon

7. Cash Bandits 3

8. Good Girl, Bad Girl

9. The Glam Life

10. Greedy Goblin

What Increases The Chances of Winning Big

Higher denomination slots have a higher payback percentage. Meaning, you cannot land massive wins while spinning with pennies. You have to make a sizeable gaming investment to get a large return. If you are playing for fun, you are unlikely to land life-altering amounts, as most jackpot slots only let you play for the top prize when you wager the max possible amount.

Before spinning such a title, always check to see what bet makes you eligible for the jackpot.

You must understand that no strategy will increase your chances of hitting a huge win. When it comes to slots, all results are random. A computer algorithm controls each spin outcome. It indiscriminately decides which symbols will land where on the reels. Never fall prey to myths

such as the game is hot or due for a win. All of that is fiction. Believing such falsehoods could lead to losses that are larger than what you can afford.

It is hard to determine the odds of landing a progressive jackpot, seeing many factors come into play. However, going by some estimates, the odds hover around one in 50 million. Therefore, the main factor is always luck.

A few methods may help you stay away from being in the red, guiding principles that can help if you want to play for fun and leave with a few extra bucks. These include making small multi-playline bets on low volatility slots.

Considering that your chances of landing a jackpot are so small, it’s always a good idea to play the games that feature the industry’s biggest prizes. If you’re ready to take risks, why not go for the best return possible?

Final Tip

Promotional deals are the cornerstones of online casino marketing. Due to sector saturation, many platforms resort to providing lavish welcome bonuses that will make them stand out.

These seem to be the most efficient way to attract new players, seeing the game offer is similar at most top platforms. Thus, when looking for an online casino that’s right for you, always check to see how its registration bonus stacks up with others available on the market.

Be aware that free spins that come with sign-up offers will likely have caps in terms of the max bet possible. That limit is usually around $5, and they will feature a max win limit. So, you will not be eligible to land huge prizes when utilizing free spins. Some sites may also have similar restrictions on the use of bonus funds, which you get after fulfilling a wagering requirement with your real funds.

When searching for a decent registration offer, also be on the lookout for bonus codes. A bonus code is an efficient tool in every marketer’s tool-box, as they allow players access to limited promotional deals. You can find these codes on social media, newsletters, message boards, inside chat rooms, or on the casino sites themselves. Platforms may use synonyms when marketing these codes, all of which signify the same thing. You can find them under the names like bonus code, promo code, coupon code, and so on.

An example of a quality offer utilizing this promotional gimmick is the welcome deal at Las Atlantis Casino. The site offers a sign-up package that will match your first five deposits 280% up to $14,000 if you use the coupon code – LASATLANTIS the first five times you fund your account. It comes with an x30 wagering requirement and a max bet limit of $10