Big-Ass Slot Jackpots Kick-Start Las Vegas Recovery

The Las Vegas Convention and Visitors Authority spends millions of dollars marketing Las Vegas, but lately, the town has been promoting itself with a flurry of massive slot jackpots.

Things kicked off with a $2.1 million jackpot on a Monopoly Millionaire machine at Cosmo, and the hits just keep on coming.

The jackpot was $2,101,093.50, actually, but who’s counting?

There was another big win at Venetian on a Wheel of Fortune machine for $2.9 million ($2,946,335.63, to be exact).

Roger is a noted physician or dentist or popcorn ceiling installer, probably.

Yet another mind-boggling jackpot hit at The D a short time later. The lucky winner snagged $1.2 million (for posterity, $1,222,784.35) on a Buffalo Grand machine.

Please don’t write on slot machines. Somebody has to clean that up.

Just when the euphoria was about to subside momentarily, South Point dropped a bombshell.

Two words: Mega. Bucks.

Which, technically, is one word, but when you win 10-freaking-million, you can slice Megabucks up into as many pieces are your heart desires.

Money can’t buy you love, but it can pay for a limo to the Bunny Ranch.

While Vegas is no stranger to multi-million dollar slot jackpots, they do seem to be happening with a much greater frequency just as Las Vegas is opening up again fully following a year of challenges related to the pandemic.

So, why are these big jackpots hitting so often? We’re pretty sure it’s related to how much play the machines are getting.

There was a lot of pent-up demand for Vegas, and visitors have come back in large numbers, fueled by a need to party, as well as stimulus checks, unemployment checks and tax refunds.

The more play machines get, the more frequent the payouts. It’s the law.

Megabucks

When Megabucks hit, machines across Las Vegas reset to $10 million. Oh, like you’d turn that down.

No, actually, it is sort of the law. Las Vegas casinos have to adhere to strict guidelines about slot machine payback minimums. (Machines can’t pay back less than 75 percent. The vast majority pay much more, with some approaching 100 percent payback.)

Beyond the regulations, though, it feels like the machines are collaborating to spark excitement about Las Vegas at a critical time.

So, come get yours.

We look forward to sharing our own million-dollar jackpot soon! Because, you know, good things come in, well, fives.

4 thoughts on “Big-Ass Slot Jackpots Kick-Start Las Vegas Recovery

  1. Aging Sports bettor

    It is simply because more people are playing as you said. What’s interesting is with the history of the Megabucks machine. It hits at the same casino 2x in a row more than you would think given the number of machines and the infrequentcy of the jackpot. Hmmmm

    Reply
  2. Mark A. Erichson

    And didn’t Mirage have a MegaBucks winner on the first night that it opened?
    Yeah, I’m not so sure that these payout schedules are random.

    Reply
  3. Gregm

    My explanation for these jackpots is that people have saved extra cash after being away so long and are betting max. I see lots of people who miss these opportunities by playing minimum bets. Playing anything other than max bet on a progressive machine makes no sense. Find a machine with a linear pay table if that is how want to gamble.

    Reply

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