Megabucks set to eclipse $20 million

May 15, 2006 12:59 AM

 

The Nevada Megabucks dollar progressive slot jackpot is on its way to doubling its base amount of $10 million, and the current total of $18,576,665 (as of May 13) is statistically overdue to be won.

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 65 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 seven times in Nevada casinos, with jackpots ranging from $8 million to $21.1 million. Its last major jackpot was on Oct. 16, 2005 when an anonymous player won $11.9 million at the Aladdin Resort & Casino.

IGT also has a penny video version of Nevada Megabucks with a jackpot that starts at $10 million. It, too, can be won for a maximum (300-coin) bet, and its current jackpot total is over $14.1 million. 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. There are more than 600 Megabucks machines in 164 Nevada casinos.

"We developed Megabucks to offer a substantial jackpot alternative for casino players," said Ed Rogich, IGT’s vice president of marketing. "We believe certain gaming customers prefer to play for very large jackpots, and the continuing popularity of the MegaJackpots games bears that out."

MegaJackpot games include Wheel of Fortune, Beverly Hillbillies and many more systems.

So far, MegaJackpots have crowned more than 1,000 millionaire winners.