Microgaming has released an adorable slot that will never lose its relevance in the slots gaming community. Mega Moolah slot machine is considered a high-quality game full of enjoyable features, easy-to-follow rules, perfect design, and simple interface. You will receive a ton of emotions, energy, and frequent payouts as well. When you win $10.7 million gambling, what happens in Vegas does not stay in Vegas. A woman from Oahu, Hawaii hit it big at the Wynn hotel in Las Vegas on Sunday when she won a total payout of.

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Game Overview

• Software: Microgaming
• Theme: African Savanna
• Return (RTP): 88.12%
• Dispersion: High
• Lines: 25
• Min-Max rate: $0.25-$6.25
• Bonus: Yes
• Jackpot: $1,000,000 Minimum

The biggest win in the slot reached over £13 million (almost $16,9 million) and has made a player rich guy in a few minutes. This case was even marked by the Guinness World Records and the slot was considered a Millionaire Maker.

Another good thing is a low volatility index with a return to the player percentage being of 94-95%. The coefficient is pretty good and guarantees regular payouts within the gameplay. Unfortunately, Mega Moolah slot does not have a demo version — this is explained by a progressive jackpot and its size.

Although there is no opportunity to test out the game and develop a winning strategy for free, you can boost your gambling skills due to our Mega Moolah review. On the page, you will discover the features, bet requirements, a variety of bonuses, and tips on how to become a champion of the slot. Go ahead and dive deep into the wildlife of virtual safari.

General Information

This is a five-reel video slot with twenty-five pay lines to get several combinations that guarantee regular payouts. The game provides such features like Wild symbol boosting your wins and Scatter leading to bonus rounds. We have already mentioned 4 Jackpots making people rich.

The main theme of the slot is an African savannah full of wild inhabitants like lions, antelopes, monkeys, zebras, elephants, buffalos, and giraffes. Besides all these creatures, you will face images of playing cards that have different values as well. When you get three symbols in a chain, this can bring a great payout to your pocket.

Mega Moolah’s Key Features

• Reels: 5
• Jackpot amount
• Mega: $1,000,000+
• Major: $10,000+
• Minor: $100+
• Minor: $10+

• Paylines: 25
• Date of last win: 28/09/18
• Free spins round: Yes
• Min. Wager: $0.1
• Max. Wager: $6.25
• Payout %: 88.12

• Variance: Low
• Bonus Round: Yes
• Software: Microgaming
• Max. Payout: 750 coins
• Theme: Video Slot
• Jackpot type (progressive normal): Progressive

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The distinctive feature of Microgaming products is simple gameplay, high-quality design, and handy settings. Mega Moolah slot is not an exception. When you launch the game, check out the sizes of all progressive jackpots. You can constantly monitor how they change in real time.

During the gameplay, you will receive a notification, if someone won a huge jackpot anywhere in the world. Such messages help you know how often gamblers get the top rewards.

The slot interface and playing process are pretty easy. You will have a few buttons to manage the gameplay:

Paylines & Coins

• Select Lines – due to this button, you can select the number of functioning pay lines;
• Select Coins – check or change the number of coins per line;
• Bet Max – use this button to set up a maximum bet per game round;

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Spin Button

• Spin – this button launch the spinning on the reels;
• “+” and “-” – use these control keys to regulate coin denomination;

Credits

• Credits – money on your balance;
• Win – here you can see your total reward.

The minimum bet per round is 0.01. The max bet is 0.05x 5 coins per line x25 lines, which equal to 6.25. These bet sizes are perfect for beginners, but the high rollers also shouldn’t miss out on this slot – the main reason is even at small bets you can hit a huge jackpot.

Before starting the gameplay, you need to pick the number of paylines, the coin value per line and their sizes. After all settings, you can pass to the reels by pressing the “Spin” button. Check out the size of payouts and jackpots in “View Payout” and attentively examine the payout table.

How to Win a Jackpot in Mega Moolah

The draw game is randomly launched. According to most gamblers’ observations, the higher the bet, the more frequent the Jackpot round is. You will see a kind of wheel hiding your rewards. On the wheel sectors, you can see the wild animal tracks. Each sector has a color responsible for a concrete type of jackpot. Red color – Mini (up to $10), orange – Minor (about $100), yellow – Major ($10,000), white – Mega ($1,000,000). Then you spin the wheel and wait for a result. An arrow will reveal your fate.

All symbols of the slot look very bright and cartoony. Besides low-value animal characters, you will see some special symbols in the game that enlarge your chances to win. Check them out now:

• The Lion is a Wild Symbol. The king of animals substitutes for other symbols but not for the scatter, and doubles your wins.
• Monkey is a Scatter with a super-power as well because it triggers a bonus game. If 3, 4 or 5 monkeys appear on the playing board, then the player gets 15 free spins that offer even more wins. A monkey symbol increases your wins when two or more identical symbols are collected on the lines. The bonus game starts automatically. The gambler gets a notification with the total win within free spins round.
• Speaking about any victorious strategy, we fear it does not exist. Everything is a deal of chance.

What Are the Advantages of Mega Moolah

To sum up all the pluses of this slot, we recommend
you to learn them below:

• high-quality graphics full of bright colors and amusing characters;
• a variety of symbols that create combinations and bring a lot of payouts;
• a chance to win your first million;
• easy-to-use interface with convenient control panel;
• a bonus round leading to more and more money.

#1 developer of slot machines Microgaming is known worldwide. Slots created by this supplier become legendary and still blow people’s minds for years. Having 27 years of existence, the company has released over 600 slot machines. They are constantly changing, reincarnating, improving, and becoming better like good wine.

Games from Microgaming evolved from the classic “sevens” into modern 3D slots equipped with the latest developments. Thousands of gambling lovers choose slots from this provider due to the following reasons:

• attractive design;
• a progressive jackpot available in many slots;
• a high percentage of returns, up to 98% ;
• 3D slot machines with innovations.
• 1 new game is released per month.
• As you see, Microgaming got a huge trust and provides not only Mega Moolah way to become a millionaire. The choice is yours!

Final Say!

Microgaming has released an adorable slot that will never lose its relevance in the slots gaming community. Mega Moolah slot machine is considered a high-quality game full of enjoyable features, easy-to-follow rules, perfect design, and simple interface. You will receive a ton of emotions, energy, and frequent payouts as well. The safari and four jackpots are calling you, can’t you hear it?

Game Overview

• Software: Microgaming
• Theme: African Savanna
• Return (RTP): 88.12%
• Dispersion: High
• Lines: 25
• Min-Max rate: $0.25-$6.25
• Bonus: Yes
• Jackpot: $1,000,000 Minimum

• Appendices
• Slots Analysis
• Miscellaneous

Introduction

This page investigates the odds of the progressive jackpot slot machine, Megabucks, including the average jackpot and breakeven point.

For now, let's ignore the fact that a jackpot is paid by installments over 25 years and that the jackpot would be subject to income tax.

I don't know exactly how Megabucks is programmed. However, there is some information that is public knowledge. If we fit the pieces together, we can make a pretty good estimate of the point at which the return is 100%, known as the 'breakeven point.' Here is what we do know:

• According to John Robison, the probability of hitting the jackpot is 1 in 49,836,032. This figure comes from an article titled Megabucks closes in on record jackpot from the Las Vegas Sun, Dec. 24, 1999. That probability comes to (1/368)³, implying each reel has a 1 in 368 chance of stopping on the jackpot symbol.
• The Nevada Gaming Control Board indicates that the profit of Megabucks on both a percentage and dollar basis. The following is a summary for 1994 to 2009.

  Megabucks Win — 1994 to 2009

  Year	Win ($)	Win (%)
  2009	53,352,000	10.43%
  2008	83,981,000	11.85%
  2007	88,858,000	12.72%
  2006	100,923,000	12.39%
  2005	100,923,000	12.39%
  2004	67,326,000	10.54%
  2003	83,069,000	10.41%
  2002	76,842,000	11.98%
  2001	69,821,000	11.50%
  2000	69,103,000	9.75%
  1999	74,921,000	12.28%
  1998	134,943,000	12.25%
  1997	66,166,000	12.18%
  1996	57,619,000	10.03%
  1995	65,223,000	10.48%
  1994	46,760,000	9.44%
  total	1,239,830,000	11.39%

  The key piece of information from this table is that the overall profit of the game has been 11.39%. In other words, 88.61% is returned to the players.

• According to defunct source, starting in September 2005, Megabucks was reset to a jackpot of $10 million. Before that, the reset value was $7 million.
• According to a2zlasvegas.com, there have been 11 jackpots hit between September 2005 and the date of the last jackpot (Feb. 21, 2010). That same website shows a jackpot was hit on September 15, 2005. The number of days between then and the time of this writing is 1,619 days. We also see from that website that the total of the last 11 jackpots was $167,367,727. Of that, $110,000,000 was from the reset amounts and $57,367,727 was from the progressive contribution.

We can estimate the number of times Megabucks was played during the 1619 day period by dividing the number of jackpots of 11 by the probability of winning: 11/(1/368)³ = 548,196,352. Assuming each player bet the $3 required to win the jackpot, then a total of $1,644,589,056 was bet.

The portion of money returned to players in form of jackpots is thus $167,367,727/$1,644,589,056 = 10.18%. From the Nevada Gaming reports, we know a total of 88.61% is returned to players. That means that the portion returned to players in non-jackpots is 88.61% - 10.18% = 78.44% (The 0.01% apparent difference is due to rounding).

If there were no small wins, and no progressive contribution, then the return of the game would be $10 million/(3×(1/368)³) = 6.69%. As already shown, the total return from jackpots is 10.18%, leaving 3.49% coming from the jackpot meter. Here is a summary of where each $1 bet on Megabucks goes:

Megabucks Breakdown

Item	Cents
Fixed wins	78.44¢
Meter reset	6.69¢
Progressive contribution	3.49¢
Profit	11.39¢
Total	100.00¢

The average point at which the jackpot will hit is 10 million + [$3 × 0.0349 / (1/368)³] = $15,215,248. In 2006, when the jackpot was almost $16 million, IGT, Megabuck's creator, purchased ads in the local media stating that the jackpot was 'overdue' to hit. I'm quoted in a Las Vegas Sun article about it, titled 'Pennies ready to pop'. This would seem to indicate my $15.2 million figure is not far off.

If j is the jackpot at which the game becomes a fair bet, with a 100% return, then we can solve for j as follows:

1 = 0.7844 + j × (1/368)³/3
j × (1/368)³/3 = 1 - 0.7844
j = 3 × (1 - 0.7844) / (1/368)³
j = $32,238,319.

The probability of any given jackpot growing this big is 1.41%. At the current rate of play, a jackpot should get this big once every 29 years, on average.

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At any given time the return can be estimated as 78.44% + 0.6689%×m, where m is the number in millions of the current jackpot. For example, at a jackpot of $15 million, the return would be 78.44% + 0.006689×15 = 88.47%.

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Everything in this page should be taken as a ballpark estimate. Various factors could cause it to be off, including players not betting the full $3 and the fact that while 11 jackpots were hit in the study period, the expected number could be higher or lower.

It also bears repeating that the above does not factor in the annuity or taxes. Let's look at what happens if we do consider those factors. For the time value of money, let's use the return on long-term Treasury Bills. Megabucks jackpots are paid in a 25-year annuity. At the time of this writing a 20-year T-Bill paid 4.58% interest, and a 30-year one paid 4.74%. Let's split the difference at 4.66%. Using some actuarial math I won't get into, the value of the annuity is worth 61.07% of face value, based on that interest rate, and 25 annual installments, at the beginning of each year.

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For taxes, let's assume close to the expected jackpot of $15 million. Under 2010 income tax rates, assuming the winner is filing jointly, and all other income exactly equals deductions, the taxes due will be 30.05% for 2010. Assuming no change in the tax law, that will drop over time, because the tax brackets will be adjusted upward, but the winning payments won't be. I tend to think the recent passage of health care will increase tax rates, especially on large incomes. Let's just assume those factors cancel each other out, to keep it simple.

So to keep things in round numbers, the winner will keep 61% after the annuity, and 70% of that after taxes. So the jackpot winner will see about 61% × 70% = 42.7% of his winnings in current dollars. Factoring the annuity and taxes, the breakeven point becomes $75.5 million. The probability of any given jackpot growing that big is about 1 in 283,000, and will happen once every 114,000 years. Again, I'm making lots of assumptions, so these estimates should be considered very rough.

After publishing this article, a reader quoted a page at slot-machine-resource.com, which states that after the first installment is made, the player is given the option to get 60% of the rest immediately, or stick with the installment plan. Tax implications aside, which favor the annuity, the interest rate at which the two options are equal is 4.581%.

External Links

• Megabucks Closes in on Record Jackpot from the Las Vegas Sun, Dec. 24, 1999.
• Nevada Gaming Control Board
• Slots Payout percentage, from Cassaon Casino.
• History of Megabucks Jackpots, from a2zlasvegas.com.
• Pennies Ready to Pop, from the Aug. 9, 2006 Las Vegas Sun.
• Megabucks, from slot-machine-resource.com.

Written by: Michael Shackleford