Some slot games pay a lot of jackpots. While you might be thinking, “Yeah, these are the loose machines,” you’re wrong. Any slot machine will pay a lot of jackpots if a lot of people play the machine. You have to get lucky and be the player who happens to win the next jackpot.
All the slot machines are wired to a computer system these days. The casinos keep particular records for the slot games. Their software tells them if a specific machine is making statistically strange payments. You’re going to attract attention if you try to influence the game, but if you go to the casino every night at 9 PM and win a jackpot, they won’t care if the machine is taking in more money per day or week or month than it is paying out.
Jackpots are great advertising for casinos. And they are usually relatively modest. Most people who win a jackpot have already bet hundreds, sometimes thousands of dollars. They may barely break even. And if they have to pay taxes on the jackpot, well, they usually come out with a loss.
How Much Can You Win On Slot Machines?
The top jackpot on the majority of slot machines is approximately 1000 times the amount you stake. As a result, if you bet a penny per spin, you can win on most machines is approximately $10.00. If you bet a dollar per spin, you can win $1000.
Some machines pay a little more, but the higher the jackpot, the harder it is to hit. And some machines pay a lot more, like Mega millions whose top reward is at least $10 million, and which someone once hit for $39.7M. Of course, since Mega millions has the highest jackpot, it also has the highest odds.
How Much Could You Take from a Casino Safely?
So there are always a few people in the crowd who hope to find a system that will help them achieve something every time enough to get big rewards. How would you do that if you can win consistently?
So let’s assume you get a casino machine which tells you how to walk into a casino with $500 and walk out with $5000 in one night. Your dream is to drive across the country and hit up as many casinos as you can, living off the earnings, banking the profits, and racking up a fortune. Let’s start with this.
- Start with a list of 20 casinos that are within one day of each other
- Visit each casino one time and win your $5000
- Deposit $4000 in your bank account and live off the remaining $1000 including your next day’s stake
Take a break every week for 1-3 days so that you can relax and remember to enjoy life.
When you come at the end of your list of 20 casinos, make another list of 20 casinos that you have never visited before. Start the process over again.
Repeat until you have hit every casino in the country one time. Now stop working on your winnings.
Keep in mind that by this time the bank will possibly be tracking your deposit activity. There are about 500 casinos in the United States. Assuming you can win $5000 on a $500 stake at each one, you’ll make $2,000,000 in deposits. You’ll have earned another $250,000 that you will have used for living expenses.
I have heard of a situation where a couple of guys took advantage of Video Poker machines that had a bug did not end well for the greedy idiots. If they had limited themselves to 1 jackpot per casino and just traveled across the country looking for susceptible machines, they probably could have profited from that bug forever. But they got greedy and argued with each other.
You’ll never live out this scenario. You don’t need to worry about how much money you can safely win from a casino before you need to move on. In fact, if you earn $5000 at a casino I think the chances are pretty good they’ll try to make you at ease, so you gamble that money away before you leave. I have seen that happen many, many times.
The Best Rule for Managing Your Money in a Casino
Whenever you win big, take the most significant portion of that money and put it in the bank right away. You can continuously go back to the casino afterward and play some more. Don’t let the casino decide what happens to the money. You may not ever win another jackpot.
Here is a real-world example of people won the jackpots:
Hitting a big jackpot on a Las Vegas slot machine is almost impossible, but it happens. It’s always bliss when we talk to someone who has just seen their life dream come true. Someone who always believed that their time would come had faith, and kept playing casino games for fun with the hope that one day they will hit the jackpot.
- A Record at the Desert Inn
Jan. 26, 2000: Las Vegas cocktail waitress Cynthia Jay-Brennan, 37, won $34.9 million on a Megabucks machine at the Desert Inn. Six weeks later, a drunk driver rear-ended her car, killing her sister and leaving her paralyzed. Her disaster fueled a myth that bad things happen to those who win the big jackpots, becoming one of Las Vegas’ most disreputable urban legends. Total: $34,955,489.56
- An Immediate Play before Breakfast
March 27, 2002: Johanna Huendl, 74, was on her way to breakfast at Bally’s when she decided to play the Megabucks machine. She bet about $170 and got $22.6 million. She said she had initially got the wrong idea about the meter and thought she’d won $2 million. She would have been happy with that. Total: $22,618,156.67
- The Biggest
March 21, 2003: A 25-year-old engineer from LA won $39.7 million after betting $100 in the Megabucks slot machine at the Excalibur to win the major jackpot. He hit odds at the time of one in 16.7 million. Total: $39,710,826.36
- One Player, Two Mega Jackpots
Sept 15, 2005: In a dubious display of beating the odds, Elmer Sherwin, 92, of Las Vegas won his second Megabucks jackpot by hitting $21.1 million at the Cannery Casino in North Las Vegas. Sherwin had earlier won a $4.6 million in 1989. Total: $21,147,947
- Megabucks at the Aria
Jan. 21, 2011: A woman moving to her room at the Aria, decided to place $6 into a Megabucks system and win $12.7 million jackpot. She thought the device had malfunctioned until her niece pointed out that, no, it was a winner.
- The Aria on a Roll
April 22, 2011: Jackpot lightning struck the Aria twice in three months when another gambler won $10.6 million from a Megabucks machine. It took more than 38 jackpots and 8 years to hit $10 million for the first time at the Gold Coast.
- Marine Hits $2.9 Million
Feb. 19, 2012: Alexander, a 26-year-old U.S. Marine, won nearly $2.9 million on the Money Vault Millionaires Seven slot at the Bellagio. He had been in training at Nellis Air Force base and went to the casino with some friends on their last night in the city. He slipped in $100 and said he’d never won more than $200 before hitting the biggest Las Vegas jackpot from a Bally Technologies game. Total: $2,882,808.32.
- Movies and Money
Dec. 5, 2013: Slot manufacturer IGT said a Lauderdale, Fla.; the man won $10,337,640.37 on a Megabucks machine at the MGM Grand. The company recognized the winner as Mark H., the executive producer of the 2013 movie “All American Christmas Carol” starring Meat Loaf. The statement appeared less than a month after Megabucks paid off to the tune of $12,463,147.70 also at MGM Grand. No information was made public about the winner of that top prize.
- Lion’s Share: Finally
Aug. 23, 2014: Over more than 20 years, many gamblers tried their destiny at the Lion’s Share slot at the MGM Grand. But the machine never offered a jackpot until Linda and Walter Misco, of Chester, N.H., lit it up for $2.4 million after playing for about five minutes on a $100 bill. Walter Misco said that couple decided to use the money on their children’s and grandchildren’s college educations. The game was the only one left of the original 50 slots from the MGM Grand floor. It had developed a cult-like following as gamblers vied to be the first to crack it.
- Recent Eight-Figure Payout
The recent eight-figure payout occurred at Rampart Casino, where a local man who was visiting the casino with a friend from out of town hit a $14,282,544 jackpot. The man, who did not reveal his name, said he had been playing a Megabucks machine for about five minutes on a $20 bill when the machine paid off. He said he decided to give the money to a charitable trust and his church.