Five winning jackpot stories are included in this article, but let’s begin with what is best-known about one of the most popular progressive slots online, MegaMoolah.
Microgaming, the creator of this jackpot slot game presents 4 jackpot levels: Mini, Minor, Major and Mega—the top jackpot.
The Mega provides a guaranteed minimum payday of 1million. All Mega Moolah jackpots can be won when a lucky player spins the big wheel to reveal their jackpot.[caption id="attachment_2779" align="alignright" width="414"] Microgaming jackpot has made more Millionaires than any other online jackpot[/caption]
In the past, online and offline progressives presented a single top jackpot. Once hit, the game was reset to a specific value. At one time, Megabucks, a Vegas favourite would reset at $7million.
The difference with Mega Moolah is that there is a huge group of players globally getting in on the action with several versions offered depending on the location of play.
As this progressive slot is a worldwide phenomenon, there are several currencies involved. The base is the pound sterling or GBP; understandable in that the location of Microgaming is the UK.
However the game can be played in various currencies like US dollars, Euros, plus Canadian, Australian and New Zealand dollars.
This is where it gets interesting and the unique feature of Mega Moolah comes into focus.
Along with the various currencies in play come various payouts. Here comes the explanation in simple math. Remember, we begin with UK Pounds, that is of a higher value than the other currencies mentioned above.
For instance, a $7 million US dollar jackpot win = £5.704,497 with about £1.3 million left in the fund. Therefore, Microgaming can park this ‘left-over’ amount to increase for the next win.
This unique feature explains why the Mega jackpot not only maintains a higher value in currencies other than UK pounds, but larger paydays can remain after a previous win.
Alternatively, should the jackpot coin amount dip below the minimum payout of £1 million, then additional funds are contributed.
Also should the jackpot payday be in pound sterling, then the balance of 0 would require a fill-up of £1million.
In conclusion, slot players now have another reason to search out this entertaining progressive slot.
Speaking of winning, below are 5 jackpot stories, each of which involved more than a million coin hit.
1) An anonymous German player He was playing a Mega Fortune progressive online unaware that he was about to attain millionaire status. With a small bet of €2, a spin of the reels, the big payday amounted to about €3.5 million.
2) A 48-year-old man from Portsmouth He won online at a MegaJackpots Cluedo with Free Spin Mystery Bonus. This slots player hit for £2,086,585 by lining up five MegaJackpots symbols.
3) This super-hit of more than $33 million This was the second largest Megabucks jackpot. Rachael Renee Romanick of Reno won the jackpot while playing the popular game. "I really owe it to my friend," said Romanick, the mother of four daughters. “I wanted to stay home, but he wanted to gamble and convinced me to join him.” I said to myself, “Why not?” Romanick had been playing for about 10 minutes when she hit the jackpot. Initially, she had no idea what she had won and had to ask others around her if the jackpot was real. “I kind of froze because this was so unexpected,” she said.
4) One More Time for $2 Million An anonymous Yuba City woman was getting ready to leave the casino after a long day of gaming when she decided to try one more time at the popular Megabucks Video Penny slot machines. In a last minute burst of luck, that single coin struck the progressive jackpot for a grand total of $2,145,562.89.
5) Life Changing Indeed Victoria Gaskin decided that a trip to Seminole Casino in Coconut Creek, FL was just the place for a diversion. With a bet of only $8 and a short 10 minutes, Gaskin became a millionaire to the tune of $1,421,096. at a Millionaire Sevens progressive slot. The five Blazing 7s symbols lined up just right and the shocked winner declared, “This is a life-changing experience for me.” Gaskin’s future plans were revealed as she stated, “Now I can replace the car that was totalled and retire at the age of 55.”
Now it’s your turn to find your big time payday in the Slots Playground.