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The Penny Megabucks progressive can be won for a max (300-coin) bet and when it hits, will easily set a record for the largest penny jackpot in history. In addition to the top progressive, these 5-reel video slots feature 60 ways to win.
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Megabucks Slots Nevada
Megabucks Slot Machine: Inside The Richest Slot Of All Time
Megabucks Slot Machine Locations

Megabucks Slots Nevada

Megabucks Slot Machine: Inside The Richest Slot Of All Time

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Megabucks is a Dollar coin Slot Machine that must have 3 coins ($3.00) played to hit theThe jackpot is reset to $10,000,000.00 after a jackpot is hit.The last Megabucks Jackpot was hit on: 11/30/14The last Megabucks Jackpot was hit at: Rampart Casino, Las Vegas, NVThe last Megabucks Jackpot was hit for: $ 14,282,544.21Aria Resort & CasinoArizona Charlie's Boulder Casino HotelArizona Charlie's Decatur Casino & HotelBally's - Las VegasBinion's Gambling Hall & Hotel, LLCBoulder Station Hotel & CasinoCasino Royale & HotelCircus Circus Hotel Casino - Las VegasCosmopolitan Resort and CasinoEastside Cannery Hotel and CasinoEl Cortez Hotel & CasinoEllis Island Casino & BreweryEureka Casino - Las VegasExcalibur Hotel & CasinoFremont Hotel & CasinoGold Coast Hotel & CasinoGolden Gate Hotel & CasinoHard Rock Hotel & CasinoLuxor Hotel & CasinoLVH - Las Vegas Hotel & CasinoMain Street Station Casino Brewery and Hotel

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M Resort Spa and CasinoRailroad Pass Hotel & CasinoSkyline Restaurant & CasinoSunset Station Hotel & CasinoWildfire Casino - BoulderWildfire Casino & LanesGold Strike Hotel & Gambling HallBuffalo Bill's Resort & CasinoPrimm Valley Resort & CasinoAVI Resort & CasinoColorado Belle Hotel & Casino2100 South Casino DriveEdgewater Hotel & CasinoHarrahs Casino Hotel LaughlinRiver Palms Resort CasinoRiverside Resort & CasinoTropicana Express Hotel & CasinoCasablanca Resort & CasinoVirgin River Hotel and Casino and BingoMegabucks is a Nevada state-wide slot jackpot network that is owned and run by the slot machine company, International Game Technology (IGT). Considered Nevada’s state lottery, Megabucks is extremely popular and has created quite a few millionaires in its 19-year history. Thanks to excellent PR hype, Megabucks continues to spur hysteria every time the jackpot reaches ‘megabuck’ proportions.

It is also a slot machine that generates an incredible amount of gossip and legends surrounding the game and its winners. However, if we look at the real truth behind IGT’s Megabucks – even with all the myths and legends dispelled - we will see that this progressive slot is simply a bad game to play.How does Megabucks Work?IGT’s Megabucks is a dollar coin slot machine that requires 3 coins ($3.00) to hit the jackpot. The jackpot is reset to a specific amount after every grand win. While the present reset amount is $10-million, there is talk that this will soon rise to $11-million. Megabucks is part of the company’s MegaJackpot slot system that connects about 750 machines in 136 Nevada casinos to one primary jackpot that builds from the base jackpot amount. International Game Technology owns the Megabucks machines and the casino gets a cut of the money that each machine wins from the players. It is common knowledge that IGT created Megabucks to compete with state lotteries.

Where can Megabucks be Played?The State of Nevada is the true home of Megabucks and can be found in most popular casinos on the strip. Unlike multi-state lotteries, this game does not cross state lines. IGT runs Megabucks jackpots in the states of California, New Jersey and Mississippi, as well as some Indian reservations. However, these don’t encompass as many venues as the Nevada edition and their jackpots are traditionally much smaller. Each state that offers Megabucks has a separate jackpot system with separate meters and winners. If a jackpot is won in one state, it does not affect the progressive jackpot in another.Each Megabucks machine has its own RNG (random number generator) and chooses its own outcomes. These outcomes are reported to a central station. When the jackpot is hit on one machine, the central station sends out a message to the other machines to reset their meters.What are the Odds of Winning Megabucks?Statistics regarding the true odds of winning the Megabucks jackpot remain sketchy.

Some put the odds down to about one in 50-million, while others, such as the Las Vegas Sun, put it as ‘low’ as 1 in 17-million. It is certainly understandable why the betting surrounding Megabucks sometimes reaches hysteric proportions and has people crossing over the state line to have a shot at winning so many millions. But do winners really get what they are promised? Let’s take the example of a $35-million win. Initially, for that amount of money, winners get a check of $1.4 million. They then have between sixty and ninety days to decide whether they want to take their money in annual installments over twenty-five years or a lump sum of 60% of the money. For a $35-million win, that would result in $21-million before taxes. Needless to say, most winners choose the former option.Whichever option the winner chooses, he or she is still needs to take into account the taxes payable to the IRS. They are subject to the maximum tax rate of nearly 40%, with state taxes also needed to be taken into account.

When all is said and done, the prize money dwindles somewhat miserably after Uncle Sam takes a bite.The Curse of MegabucksNo gambling machine in the history of Vegas has had so many urban legends, myths and stories surrounding the game of Megabucks. Usually these stories center around the tragic fate of Megabucks winners – leading many to believe that winning the multi-million dollar jackpot will result in an untimely death. While almost all these stories have proven to be false, Megabucks still has the obstinate reputation of being cursed.Many believe that the hotbed of rumors surrounding Megabucks is based on the true but tragic story of a 37 ye

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