Megabucks is a standard $1 slot machine. The caveat is that a player must bet the maximum ($3) on a spin to be eligible to win the progressive jackpot. Once the maximum bet is made and the reels are spun, landing “ MEGABUCKS ” symbols along the payline on each of. Megabucks Slot Machine Odds. Now let’s talk about the Megabucks slot machine odds. First of all, all the official machines are equipped with a software installed called a Random Number Generator (RNG), which controls the random behavior of each spin. The RNG ensures that each spin that takes place is indeed random, making it impossible to.

1. Megabucks Slot Machine Odds Nfl Week 11
2. Megabucks Slot Machine Odds Jackpot
3. Megabucks Slot Machine Current Jackpot
4. Megabucks Slot Machine Odds
5. Megabucks Slot Machine Odds

When you visit a casino, all the action appears to be happening at the tables. But when it comes to ease of play and popularity, slots come out on top. In fact, casinos dedicate roughly 80% of their gaming floor to slots. Only 20% is for table games.

The reason? Slots are more popular and account for more revenue than all other gambling sources combined. And for good reason. Playing a slot machine doesn’t require any gambling knowledge. On top of that, you can bet as little as $0.01.

What slots and table games have in common, however, is the enforcement of a withholding tax. If you’re one of the millions who visits Las Vegas annually, you need to remember that your winnings could be subject to a 30% withholding tax by the Internal Revenue Service (IRS).

Fortunately, Refund Management Services (RMS) can help you reclaim a portion or all of your withheld winnings.

Finding the Loosest Slots in Las Vegas

It’s not hard to find a slot machine in Nevada. In fact, there are over 490,000 slots and gaming machines in Clark County alone (the county where you find Las Vegas). And they’re not just located in casinos. You can find slot machines in the airport, gas stations, and convenience stores.

What is hard, though, is finding slot machines with the best payouts. After all, no one likes to go into a casino and lose $100 on the slots in 30 minutes. The goal is to win, or at least make your money last longer.

Thanks to increased competition in gambling hubs like Las Vegas, Reno, and Atlantic City, casino operators are battling for customers. To keep customers coming back, many casinos are increasing the number of jackpots at their slot machines.

All slot machines work on a payback percentage that the casinos can set. They can make a slot machine tight or loose. Loose slot machines increase the chances of a player hitting a payout. This creates excitement and helps keep players in their seats on the gambling floor.

For slots aficionados, it’s all about finding the loose machines. Not surprisingly, casinos do not advertise which machines are loose or the payout percentages of individual machines.

But that doesn’t mean you can’t do a little digging and find out which kinds of slot machines have the biggest win percentages. It turns out, you need to spend money to make money in Las Vegas.

Best Slots to Play in Las Vegas

Statistics from the Nevada Gaming Control Board show which slots offer the best payouts in the order of the denomination played. In June 2016 in Clark County, Megabucks progressive slots posted the worst win percentage at 85.15%.¹

What that means is, for every $100 you spend, you can expect to win $85.15. Megabucks progressive slots generally have the worst win percentage because the huge jackpot outweighs the bad odds.

The best win percentages came from high-roller slots. Slots that accept denominations of $5, $25, and $100 returned 94.05%, 94.97%, and 94.35%, respectively. While you can lose your money faster with high-roller slots, the payout percentages are always better (on all slots regardless of the denomination) if you get the maximum amount on each spin.

The most fruitful games, when it comes to odds and cost, are the nickel and quarter slots. In June, nickel slots had a win percentage of 94.2% while quarter slots paid back 93.06%. Next to Megabucks, penny slots have the worst win percentage, returning 88.83%.

Casinos with the Most Slots in Las Vegas

The Orleans Hotel and Casino

The Orleans is a Mardi Gras-themed casino hotel located a few minutes west of the Strip. The casino floor covers 137,000 square feet and has over 2,600 slot machines. There is also a high-limit slot salon.²

The casino also has over 60 table games and a 35-table poker room. You can also find a seat in the 125-person race and sports book with 13 betting windows.

MGM Grand Las Vegas

The MGM Grand is located at the south end of the Strip. It’s easy to spot the MGM Grand casino—it’s a massive emerald-coloured complex with a 45-foot bronze lion out front.

The MGM Grand covers over 170,000 square feet and has 3,000 slot machines (with denominations ranging from $0.01 to $1,000. There are also around 200 table games, a 24-hour poker room, and a race and sports book.³

Sam’s Town Hotel and Gambling Hall

Sam’s is a sprawling casino resort 10 km east of the Strip. The 120,000-square-foot casino is spread out over three floors where you’ll find over 3,100 slot machines, 50 table games, an 11-table poker room, a 570-seat bingo room, and a 60-screen race and sports book.⁴

Casino Slot Winnings Subject to 30% Withholding Tax

Non-U.S. residents who win a significant amount of money playing the slots at any casino or gaming facility in the United States are subject to a 30% withholding tax by the IRS.

In the U.S., winnings from casino games and other games of chance (racetrack, game show) are considered income. If you win $2,000 playing the slots, the casino will pay you $1,400. The IRS keeps the rest. But if you live in a country like Canada, which has signed a U.S. tax treaty, you may be eligible for a refund.

There are a number of countries that currently do not have a U.S. tax treaty. However, if you reside in any of the following countries, you could still be eligible for a refund: Australia, Bahrain, Barbados, Brazil, China, India, Indonesia, Israel, Kuwait, Mexico, Malaysia, Monaco, New Zealand, Norway, Saudi Arabia, Singapore, South Korea, Switzerland, Taiwan, Thailand, and the U.A.E.

To see if you meet the criteria and are eligible to get some or all of your withholding tax back, contact RMS.

RMS, the Easiest Way to Get Your 30% Withholding Tax Back

If you’ve visited the U.S. and had 30% of your casino winnings held back by the IRS, Refund Management Services (RMS) can help you reclaim a portion or all of your taxable winnings.

Founded by a Canadian chartered accountant, RMS is Canada’s most reliable and experienced gaming and casino tax refund provider. Over the years, RMS has helped thousands of people around the world recover taxes on their U.S. gaming wins. We’ve also never been refused an eligible refund.

Only RMS has the One Simple Step^TM process with an easy online form to fill out. After you complete the form, our customer service agents take care of the rest, processing and submitting it to the IRS. It can take a minimum of one year for the IRS to review the claim and for RMS to receive the refund.

Contact RMS today by calling our toll-free number at 1-855-860-2610 or by e-mailing us at [email protected].

Sources:

1. “June Gaming Revenue Report,” Nevada Gaming Control Board web site; http://gaming.nv.gov/modules/showdocument.aspx?documentid=11262.
2. “Play,” The Orleans Hotel and Casino web site; http://www.orleanscasino.com/play.
3. “Casino,” MGM Grand Las Vegas web site; https://www.mgmgrand.com/en/casino.html.
4. “Play,” Sam’s Town Hotel and Gambling Hall web site; http://www.samstownlv.com/play.

Megabucks Slot Machine Odds Nfl Week 11

Dating back to the early 2000s, slot machines were only legal in 31 states around the U.S. Today there’s around 40+ states that have made them legal as well as other states that are in the process of being added to this number soon. If you think the U.S. has a lot of slot machines, check again. In Japan, slot machines are more popular and accepted than in the U.S. In comparison to the rest of the world, Japan is #1 on the list for having the most slot machines, followed by the U.S. ranking in at #2. Japan alone has around 5 million slot machines, and a smaller population than the U.S.

With all this talk about how popular slot machines are, have you ever dreamed of walking into a casino and then walking back out a millionaire? Surely, a lot of people have, especially when there’s so many slot machines out there that offer progressive jackpots such as the Megabucks slot machines, which have enormously large jackpots. In fact, Megabuck slot machines are a very big network operating their machines all over Vegas, and run by a company called International Game Technology (IGT). Speaking of Megabucks slots, that’s exactly what we’ll be talking about in this article. We’ll be looking at some of the winners, locations of the machines, what kind of jackpots they offer and what kind of odds they have.

Megabucks Slot Machine Payout Rules

If you’re familiar with the appearance of the classic slot machines, Megabucksslot machines are very similar holding a true and classic style with just three columns and only one payline. In order to spin the reels with the possibility of hitting a jackpot, the typical rules are that you need to bet at least a dollar, going up to three dollars. Keep in mind, in order to have a chance at winning the progressive jackpot, each spin must be three dollars. Of course you can win other smaller payouts from other combinations, however the Megabuck symbol is the symbol with the most value, and if you get three Megabuck symbols, you will be walking home with tons of cash in your pocket. What’s cool about Megabucks, all the slot machines around Vegas are all connected to one another. That means each person gambling on these machines is contributing to the jackpot amount, and whenever someone wins the jackpot, the jackpot amount for that machine, as well as all the other ones are reset to the starting amount which is $10,000,000. As of now, there are approximately 800 of these machines being operated in about 150 casinos in Nevada.

Megabucks Slot Winners

Over the last 20 years or so, Megabucks has had a handful of winners who walked out of the casinos a millionaire. As mentioned before, the progressive jackpot award starts at $10,000,000, meaning it continues to go higher until someone gets lucky and wins. Since Megabucks was first introduced back in 1986, on average 2 people win each year. Only one person won in 2016, whereas three people won in 2013, however in the year 2000, six people won. The biggest jackpot amount ever won was taken place at the Excalibur casino back in 2003, where someone took home a gigantic check with their name on it for a whopping $39M+. Keep in mind that the nearly 40% of the earnings are removed after having to pay state taxes from the winning amount, which can dramatically drop the initial win amount.

Speaking of Megabucks slot winners, below are some people that have won over the years:

• In 2000, a local cocktail waitress aged 37 won almost $35M at the Desert Inn
• In 1998, a woman who was almost 70 years old won nearly $28M at the Palace Station, and only spent around $300 to reach that win. On top of that, she won close to $700K from another machine sometime before
• In 1999, a 44-year-old man won over $21M at Caesars Palace who only supposedly won on his first spin
• In 2002, a lady at the age of 74 gambled around $150 at one of the Megabucks machine at Bally’s casino, and turned it into approximately $23M
• In 2005, a 92-year-old man won close to $21M at the Cannery Casino, and won another Megabuck jackpot at time before that one back in the late 80s for about $4M from the casino at the Mirage.
• In 2011, some lady bet only around $6 and ended up winning approximately $12M from the Megabucks machine at the Aria.

Megabucks Slot Machine Odds Jackpot

Megabucks Slot Machine Odds

Megabucks Slot Machine Current Jackpot

Now let’s talk about the Megabucks slot machine odds. First of all, all the official machines are equipped with a software installed called a Random Number Generator (RNG), which controls the random behavior of each spin. The RNG ensures that each spin that takes place is indeed random, making it impossible to control anyone’s payouts.

Although not guaranteed, but some people believe the odds of winning one of the Megabuck jackpot awards are anywhere from 1 in 17M to 1 in 50M, which means the odds of actually winning are worse than a majority of the state lotteries. Aside from the jackpot odds, the non-jackpot spins have a higher house edge than the slot machines without a progressive jackpot feature. Overall, there’s a possible chance anyone could win a Megabuck, since the odds are so small it will take a lot of losses before someone will actually wins. Nonetheless, you have to play in order to win, so don’t let the odds hold you back. If you think you’re the lucky one, go for it.

Megabucks Slot Machine Odds

Here at Caesars Casino online, we offer a progressive jackpot feature on some of our video slot machines, which is similar to the Megabucks. In fact, if you’ve never played a progressive jackpot feature before, this is a great way to try it out for your first time, for free without any risk involved. Even if you have some experience with them, go ahead and play them anyways for some fun and/or to practice before you gamble at a real casino, with real money.

Megabucks Slot Machine Odds