Slot machines games are simple and easy to play. Besides, the stakes are usually low. But, history has recorded some of the largest wins in casinos from slots.
That is why the introduction of progressive jackpots translates that the amount of money a player can win from a single spin has increased exponentially. Because of this, both online and land-based casino players have to be able to win slots jackpots that amounted to multimillions.
Whenever a slot game is played and no winner emerges, progressive jackpots increase. A little part of the money from each spin is kept inside a pot, which is further set aside as a jackpot. Once someone wins it, the jackpot will automatically reset to the set amount and gradually it will increase again. It is also possible for different machines to be pooled together to make larger and rapidly growing jackpots. And if nobody wins the jackpot prize for some time, the total prize can grow into an incredible amount.
Progressive Jackpots Online
Currently, online casinos can match up with the volume of prizes that Vegas casinos offer. This is due to the number of progressive jackpots working on multiple online slots. The largest online slot win is 13.2million pounds, which is in the Guinness World Record. It was won in 2015, by a British man named Jon Heywood, on the Mega Moolah slot.
In another online slot, an unknown Australian player won himself a huge $10.4 million (AUS) on the Dark Knight slot, which has now been stopped due to licensing problems.
Currently, PokerStars Casino has brought in various progressive jackpots slots that possess minimum jackpots of more than $1 million. Since January 2017, they have made 12 millionaires on the slot. They gave away $23.6 million in progressive jackpots. The most recent win was Anchor72 that won more than $3 million playing Millionaires Island.
Even though the online slots offer multimillion-dollar jackpots, the largest slots that history has recorded came from the Megabucks machines in Las Vegas. Another thing is that the slots are state-operated and there are more than 700 of them operating in Nevada. Besides, they are all linked together forming a progressive jackpot that currently amounts to a minimum of $10 million. Currently, $11.8 million was reported to be the jackpot that was won.
In 1998, it was the first time the Megabucks jackpot went above $20 million. Then a retired flight attendant bet more than was needed in the Palace Station. This made $300 produce a $27.5 million jackpot. Again, the next year, someone won $21 million from just a $10 spin from the Megabucks situated at Caesars Palace.
Another remarkable Megabucks story is about a man named Elmer Sherwin. He won for the first time $4.6 million that changed his status, while he played Megabucks. In 2005, when Elmer turned 92, he won again. But, this time it was a huge $21.1 million that Elmer won. Elmer has always been a charitable man, so he gave most of the money to his family and for positive causes before he died a few years later.
In 1993, the largest ever slot win was recorded. It was won by an LA software engineer after he bet $100 on Megabucks at Excalibur and won himself a whopping sum of $39.7 million, which remains the biggest win in Vegas history till today. But, the money was paid to him in 25 annual instalments, which is $1.5 million per annum.
Mishaps and Misfortunes
An unfortunate event occurred when a New York-based woman named Katrina Bookman was playing slots at the Resort World Casino. A winning ticket of $42.9 million was shown to her, which would have become the largest win in the history of the casino, if not for the fact the machine was malfunctioning. Because the machines were set to pay out a maximum of $6,500. Rather, Katrina was offered a steak dinner. It just had to be an incredible steak!