Nevada Megabucks, the granddaddy of MegaJackpots statewide linked progressives, has once again reached — and exceeded — the "magic" number.
Savvy jackpot watchers claim that when Megabucks gets in the vicinity of $20 million, the excitement builds as players flock to bet on becoming a millionaire.
And, of course, the more people are playing, the faster the jackpot climbs. As of press time Monday, the jackpot is over $19.7 million and climbing fast.
Since the world record $34.9 million jackpot of January 2000, Nevada Megabucks has hit eight times with jackpots ranging from $7.6 million to over $22 million.
The progressive slot machine system last hit over Memorial Day weekend when a 74-year-old California woman won $22.6 million at Bally's in Las Vegas.
Prior to that jackpot, it had been well over a year since Megabucks had hit. From both the historical record and from a theoretical model, Megabucks is overdue.
Megabucks is a 3-coin dollar game, and the maximum bet is required to win the Megabucks progressive prize. While rarely confirmed, stories abound of players who had bet only one or two coins when the three winning Megabucks symbols landed on the payline.
In the years since 1986 when Megabucks first went into operation in Nevada, the game has created 57 millionaires, and IGT, the company that developed and operates the MegaJackpots link, has awarded $386 million in Nevada Megabucks progressive prizes.
Megabucks are paid in annual installments upon verification. For more information about IGT, visit the company website at www.igt.com, where you’ll also find an update of Megabucks and all the other IGT progressive jackpots.