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LAS VEGAS — It's a great start to 2020 for one lucky gambler at the Excalibur Las Vegas casino.

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A jackpot was hit for $5,482,229 on one of their Wheel of Fortune machines.

Scripps station KTNV in Las Vegas reported Wednesday they have reached out to the casino for more information and any details about the winner.

Congrats to a lucky slot player who won $5,482,229 on one of our Wheel of Fortune machines! That's what we call Slot Machine Royalty! 👑 🎰
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Please play responsibly. Must be 21. Gambling problem or concern? Call 1.800.522.4700. pic.twitter.com/sWMr3jG5yp

— Excalibur Las Vegas (@ExcaliburVegas) January 15, 2020

Megabucks has become an institution in Las Vegas. Developed by IGT, this highly popular brand of progressive slot machines has been delivering multimillion-dollar fortunes since the mid-1980s.

Megabucks not only reigns supreme in Vegas, but it also holds the record for the largest slots jackpot ever. In 2003, it paid $39.7 million to an anonymous many from L.A.

Assuming you play online slots, you may wonder if any internet jackpots come close to offering what Megabucks does. That said, I’ll discuss more on Megabucks along with five online jackpots that may or may not compete with it.

What Is Megabucks?

Megabucks is a series of progressive slot machines that launched in 1986. Its “wide-area” jackpot network spreads over 700 machines across more than 100 Vegas casinos.

Many gamblers mistakenly believe that Megabucks is a single type of slot. However, the name merely denotes a brand of progressive slots that are connected to the same jackpot. Various Wheel of Fortune slots are the most-common games associated with Megabucks.

You can play this game for a single $1 coin. However, you must wager all three coins ($3) to play for the progressive jackpot.

Speaking of which, the progressive jackpot begins at $10 million. It takes small percentages of each bet to continue growing.

You must land MEGABUCKS symbols on each reel to win the jackpot. The odds of accomplishing this feat are said to be anywhere from 1 in 17 million to 1 in 50 million.

How Much Is the Megabucks Jackpot Usually Worth?

The Megabucks jackpot begins at $10 million—immediately making it bigger than any other slots jackpot at the current time.

No limit exists on how large this prize can grow. However, the Megabucks jackpot typically hits somewhere in the $15 million to $25 million range.

IGT pays jackpots either in lump-sum value or through a 25-year annuity. You must take a discount when asking for the lump sum, much like with lottery prizes.

Where Can You Play Megabucks Slot Machines?

IGT offers Megabucks-branded games in other parts of the United States. For example, you can find these slot machines in California, Mississippi, and New Jersey.

However, the biggest Megabucks jackpot is only offered in Las Vegas and other Nevada gambling locations. The jackpots featured elsewhere don’t have any bearing on those found in Vegas.

You won’t find the Vegas-based Megabucks at online casinos either. Therefore, you must visit the Silver State to play for this prize.

Top Online Slots Jackpots

The internet gaming world doesn’t offer any jackpots that completely match Megabucks. However, it does boast several big prizes, including the ones covered below.

1 – Mega Moolah

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Mega Moolah is a five-reel, 25-line slot from Microgaming that revolves around African jungle animals. You qualify for this game’s jackpot by betting just $0.25.

Launched in 2006, Mega Moolah has paid many of the largest prizes in online slots history. In 2019, it delivered the biggest online slots jackpot in history at €18,915,721 (approx. $21m).

The jackpot is seeded at $1 million, and it pays through a randomly triggered bonus round. The latter includes a wheel that features four different jackpots and other prizes.

The “Mega” progressive prize is the largest. Assuming the wheel pointer lands on the Mega jackpot, then you’ll be a millionaire.

2 – Mega Fortune

Developed by NetEnt, Mega Fortune is a five-reel, 25-line slot that revolves around wealth and extravagant lifestyles.
This game quickly became a competitor to Mega Moolah when it launched in 2009. Case in point, it paid a then-record €17,860,868 (approx. $19m) jackpot in 2013.

Mega Fortune bears obvious similarities to Mega Moolah. First off, you only need to bet $0.25 to play this game and qualify for the top prize.

Secondly, you can only win the jackpot in a randomly triggered bonus. This round features a concentric wheel with “Mega Jackpot” in the middle.

You must work your way through three layers of the wheel to have a chance at the top payout. Assuming the pointer lands on Mega Jackpot, then you win.

3 – Shopping Spree

Shopping Spree is a five-reel, nine-line game from Bovada Casino’s proprietary software. It deals with shopping for extravagant items, such as handbags and diamond necklaces.

The Shopping Spree jackpot is worth $4.65 million at the time of this writing. You must wager $1.25 per line ($11.25 overall) to qualify for the top payout.

If you’re keeping track, Shopping Spree forces you to bet almost four times as much as Megabucks to win big. In addition to placing the massive bet, you also need to land five necklaces in a payline to win the top prize.

This game offers a bonus round that involves selecting handbags to reveal prizes. You must land three dollar signs on the reels to trigger the bonus.

4 – Aladdin’s Lamp

Created by GTECH, Aladdin’s Lamp is a three-reel, three line slot that deals with the common tale of Aladdin. Its jackpot is worth €3.78 million (approx. $4.15m) at the time of this post.
Aladdin’s Lamp doesn’t look like the type of game that would offer such a huge prize. Instead, it appears more like a classic slot with slightly upgraded graphics.

Nevertheless, you can win a multimillion-euro fortune through this game by lining up three Aladdin’s in a payline. The catch: you must wager a whopping €5 per line (€15 total) to qualify for the jackpot.

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As if Shopping Spree’s required bet wasn’t high enough, Aladdin’s Lamp makes you bet five times the Megabucks’ qualifying wager.

Another downside to Aladdin’s Lamp is that it doesn’t offer any bonuses or special features. In essence, it’s just a basic slot with a huge payout.

5 – Jackpot King

Much like Megabucks, Jackpot King is a progressive jackpot brand that covers multiple slots. While one of the games is called Jackpot King, other slot machines like Top Cat and Slots o’ Gold also offer the same progressive prize.

Its top payout is worth £2.62 million (approx. $3.4m) at this time. You compete for the jackpot by randomly triggering a bonus in the respective game you’re playing.

Las Vegas Jackpot Slots

The various five-reel games that host the Jackpot King prize offer decent graphics and reasonable bet sizes.

You won’t be amazed by the graphics and bonuses available in Blueprint’s Jackpot King series. However, you won’t mind them either, especially when considering the massive potential fortune that awaits.

Which Rules: Megabucks or the Biggest Online Jackpots?

None

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