Nevada Megabucks is a 3-coin dollar game that requires a max bet of $3 to win the top prize. Megabucks launched IGT’s MegaJackpots progressive product line in 1986 and has produced 63 major winners, whose jackpots range from just over $1 million (when a million dollars was the system’s base jackpot) to the world record slot jackpot of $39.7 million won in March 2003 at the Excalibur Hotel and Casino in Las Vegas.
Since then, Megabucks has hit five times in Nevada casinos, with jackpots ranging from $8 million to $19.5 million. Its last major jackpot was on Oct. 31, 2004 when a 56-year-old retired postal worker won $13.6 million at the Palms Casino Resort in Las Vegas. That was one of three Megabucks jackpots won in 2004. When the current Megabucks jackpot is eventually won, the base jackpot will reset to $10 million.
IGT introduced its second Nevada Megabucks wide-area progressive system in March — a penny video slot version with a jackpot that starts at $10 million. It, too, can be won for a max (300-coin) bet, and its current jackpot total is $10,504,902 (as of June 22).
The first major jackpot on penny Megabucks will easily set the standard for a payout on a penny gaming machine.
Megabucks jackpots are paid in annual installments upon verification. MegaJackpots systems were developed and are maintained by IGT (www.IGT.com), a global company specializing in the design, development, manufacturing, distribution and sales of computerized gaming machines and systems products.