Biggest Slot Jackpots 2018
Online slots jackpots have grown immensely within the past decade. In fact, 11 jackpots have paid over $10 million in the last decade.
These prizes may not compare to the largest Powerball and Mega Millions jackpots. However, they’ve definitely made gamblers filthy rich.
As big as online slots jackpots are today, they’re about to get much bigger. One gaming developer plans to launch a $50 million jackpot within the coming months.
I’ll discuss this upcoming prize below along with how it’ll smash the records set by previous internet slots jackpots. I must add, though, that I’m not sure if this payout will truly materialize.
Even with the big win, Sherwin continued to play the slots once or twice a week in hopes of being the first, second-time winner. Sixteen years later, he won 21 million dollars in the same jackpot. Monday, May 7, 2018 10:19 a.m. A player hit an $11.2 million Megabucks slot machine jackpot Saturday night at the Paris Las Vegas. The big win was announced via the IGT Jackpots Twitter account. Although investing is one of the smartest ways to grow your wealth, it’s not the only way. A lucky few become instant multimillionaires thanks to the lottery. If you want to take a chance on. World's largest jackpot (cash value & annuity); 9th largest cash value per ticket. 2 $1,537 $877.8 1 $877.8 Mega Millions: Oct. 23, 2018 SC Largest jackpot for a single ticket; largest cash value for a single ticket. 3 $768.4 $477 1 $477 Powerball Mar. 27, 2019 WI 3rd largest jackpot for a single ticket. Bought in New Berlin, Wisconsin. As you’d expect, Megabucks lays claim to having paid the largest slot jackpots in Vegas history. It last hit here in mid March at the Westgate Las Vegas Resort & Casino. The lucky winner was Trinadad Torres, a 78-year-old woman from Magna, Utah. She played $100 before netting the $10,744,292.71 jackpot.
What Is the Biggest Online Slots Jackpot Ever?
Mega Moolah (Microgaming) and Mega Fortune (NetEnt) have paid most of the largest prizes in online slots history.
Mega Fortune set world records when it delivered €11,735,446 (approx. $13.3m) and €17,860,868 (approx. $19.5m) in 2011 and 2013, respectively.
Mega Moolah has taken the reigns within the past few years, though. It awarded record payouts of $20,057,734 and €18,915,872 (approx. $21 million) in 2019 and 2018, respectively.
The $21 million prize from September 2018 currently holds the Guinness World Record for being the biggest online slots jackpot of all time.
Hacksaw Gaming Announces Upcoming $50 Million Jackpot
Hacksaw Gaming is a developer that just recently came onto the scene. However, they’re already looking to make a big splash with a series of massive jackpots.
They’re going to roll out a line of “insured” jackpots that feature payouts worth between $5 million and $50 million. These prizes will also be listed in equivalent euro and pound amounts.
Every huge online slots jackpot available today is of the progressive variety. They take small amounts from each bet to fund the prize and need time to grow.
“With our new concept, operators can rely on having huge, exciting jackpots on offer without having to wait for the progressive jackpot to build up,” said Marcus Cordes, COO of Hacksaw. “It also enables smaller operators to offer the same huge prizes as the Tier 1s, levelling the playing field.”
Hacksaw’s plan involves launching My Lucky Number with a $25 million jackpot. This game is scheduled to come out somewhere around the middle of 2020.
From here, the developer will launch a flurry of other big jackpot games. $5 million, $10 million, and $50 million prizes are all on the agenda.
A Record Setting Online Slots Jackpot
Earlier, I covered how Mega Moolah currently holds the record for the biggest-ever internet slots prize at $21 million. It could be on its way to offering another such prize when considering that its “Mega Jackpot” is worth $11 million at the time of this post.
Biggest Penny Slot Machine Jackpots 2018
However, the $21m record could be a distant memory if Hacksaw’s plan goes off without a hitch. The proposed $50m jackpot would break the current mark by a wide margin at $29 million.
Even the second-largest jackpot in Hacksaw’s proposal would be a record-setter. At $25m, it would top Mega Moolah’s mark by around $4 million.
What Is Hacksaw Gaming?
Hacksaw Gaming definitely isn’t the biggest name in online gambling. One reason for this is that they’ve only been around since September 2018.
They gained a foothold in the industry by producing online scratch cards. Hacksaw has been successful in this endeavor so far.
One year after opening, they produced their first online slot in Stick ‘Em. This game, which revolves around a marshmallow mafia member, brought a totally new theme to the industry.
They’ve produced one other internet slot in Om Nom. A 4×4 slot based on desserts, Om Nom gained praise for its simple, yet unique, style.
Can Hacksaw Really Pull Off a $50m Jackpot?
Hacksaw has had a very successful start. However, I’m skeptical on their plan to offer the biggest slots jackpots known to man.
At the time of this post, they haven’t even been around for two years. Already, they’ve proposed slots prizes that would easily crush any payout that’s been offered so far.
Neither Om Nom nor Stick ‘Em features a top payout that’s anything notable. Their next upcoming slot, My Lucky Number, will allegedly leap onto the scene with a $25 million jackpot.
I’m not accusing Hacksaw of lying about what they intend to do. They’ve proven to be a reputable developer so far with their online slots and two dozen scratch cards.
Most likely, Hacksaw Gaming has secured large outside investments and/or big loans to help them offer these jackpots. They’re assuredly not announcing $25m and $50m prizes based on air.
Again, though, I want to see these jackpots before automatically believing that slots prizes will reach astronomical heights in less than a year’s time.
Will Hacksaw Encourage Other Slots Providers to Up Their Jackpot Game?
Microgaming and NetEnt have had no trouble offering big slots payouts in the past. Playtech and Yggdrasil Gaming have delivered massive prizes too.
However, none of these providers hold a candle to the upcoming Hacksaw insured jackpots. I wonder if the latter will kick-start an arms race to feature bigger and better top prizes.
Microgaming is best positioned to challenge Hacksaw’s $25m and $50m payouts. They currently seed Mega Moolah at $1 million, but they could increase the seed to $5m or $10m and encourage faster-growing jackpots.
Bovada Casino, which uses proprietary software, also features a large jackpot through Shopping Spree (currently $4.56m). They could conceivably offer bigger payouts when considering their large share of the US market.
GTECH has built a large jackpot through Aladdin’s Lamp €5 that’s worth over $4 million. They might be a dark horse contender for the future slots jackpot record.
Playtech, Yggdrasil, Realtime Gaming (RTG), Blueprint Gaming, and NetEnt are other possibilities that could factor in.
Of course, the idea that developers will suddenly began offering bigger jackpots just because of Hacksaw is pure speculation. But I wouldn’t be surprised to see at least 2-3 of these software providers make an attempt to compete with Hacksaw.
Should You Play for These Record Setting Prizes When They Launch?
Assuming these giant online slots jackpots become available as planned, they figure to cause hysteria among the gaming community. As for whether you should join in this frenzy depends on your personal preferences.
If you’re somebody who dreams of getting rich through slots, then you can best accomplish your dreams through these upcoming games. No slot machine—online or land-based—has ever paid out $50 million.
Only Megabucks, which is available in Nevada casinos, has delivered over $25 million. It currently holds the record for the biggest slots jackpot ever at $39.7 million (2003).
Therefore, Hacksaw Gaming’s slots will offer the largest prizes you can find at any casino. You should target these games above all if you have visions of mansions, Lamborghinis, and private islands.
Downsides to pursuing this prize include volatility and the odds. Regarding the latter, you’re almost assuredly not going to win $50m, $25m, or even $5m.
Of course, the dream is that you’ll defy the odds and win big. However, I wouldn’t count on it in this lifetime.
Any slot that offers even a $1 million jackpot will have serious volatility. Just imagine what kind of volatility you’ll deal with when a $25m or $50m prize is introduced.
Finally, you also need to worry about the taxes and potential payout structure if you do somehow win. Lumpsums for big gambling prizes usually only deliver 60% of the amount, while annuities (annual payouts) reduce the value of the prize when account for inflation.
Conclusion
Hacksaw Gaming is embarking on an insane plan to offer several insured slots payouts worth between $5 million and $50 million. The latter would smash the record for the biggest slots jackpot of all time.
I’m still skeptical on whether these prizes will launch as planned. After all, Hacksaw is proposing to more than double the largest online slots jackpot ever.
Nevertheless, I’ll be watching with vested interest if these games do roll out as planned. Based on Hacksaw’s solid reputation so far, I’m guessing that they will actually offer the $25m and/or $50m payouts at some point.
You may have seen the news story a few years ago about a woman in Queens, New York who almost won the largest slot machine jackpot in history. Unfortunately, the nearly $43 million win was a machine malfunction that went well above the $6,500 max payout.
A new record may not have been set, but there have been a number of huge casino jackpots throughout history. If you’re gearing up for a trip to Vegas or a casino party, check out these stories of life-changing, mind blowing jackpot wins.
Biggest Slot Machine Jackpots
Think you can’t get lucky on a slot machine twice? In 1998 a retired flight attendant proved that lightning can strike twice at the casinos. The unnamed woman first won $680,000 on a Wheel of Fortune slot machine at Palace Station. She decided to keep trying her luck and months later she won $27 million on a Megabucks machine at the same casino!
Elmer Sherwin is undoubtedly a lucky guy. He also hit not one but two of the largest slot machine jackpots in history! The first win of $4.6 million was on a Megabucks slot machine at the Mirage in 1989. Sherwin decided to visit Cannery Casino in North Las Vegas in 2005 to test his luck again. There he won again on a Megabucks slot machine, but this time he walked away with $21.1 million. Mr. Sherwin was in his 90s when he hit his second jackpot.
A few years early a 25-year-old software engineer won the highest slot machine payout in history. In 2003 the young man won $39.7 million playing a Megabucks machine at Excalibur. He decided to take an annual $1.5 million payout for 25 years instead of one lump sum payment. That means he’ll be raking in the dough for another decade.
In 2000 Cynthia Jay scored the largest jackpot at the time. She won nearly $35 million at a Megabucks slot machine in the Monte Carlo Casino in Vegas. But less than two months later Jay was in a horrible car wreck that killed her sister and left Jay paralyzed from the chest down.
In August 2016 a resident of Hawaii came to the mainland for a Vegas vacation and traveled back home with a lot more money. What was really impressive is that the woman was playing penny slot machines at the Wynn casino when she won $10,777,270.51.
Biggest Slot Jackpots 2018 2019
While it isn’t the biggest slot machine jackpot win in history, a Florida man identified as only Fred S. did get very lucky in July 2018. He hit not one but two big jackpots at the Hard Rock Biloxi within a matter of minutes. First, Fred got a massive $1,291,918 win with a $20 bet. While he waited on the casino to verify the win he got a $14,000 win on another slot machine to bring the total winnings over $1.3 million.
Biggest Hands at the Poker Table
Hands down, the World Series of Poker (WSOP) is where you’ll find the biggest Texas Hold’em jackpots. Once the field gets narrowed down to just two players, a single hand can bring in millions. After 10 hours of heads up poker playing, John Cynn was named the 2018 WSOP winner and received $8,800,000. His opponent Tony Miles didn’t do so bad himself. Even though he lost, Miles received $5 million for second place.
But that wasn’t the biggest payout in the history of the tournament or even that year. Four other WSOP winners have won more:
Jamie Gold - $12 million in 2006
Biggest Slot Jackpots
Martin Jacobson - $10 million in 2014
Peter Eastgate - $9,152,416 in 2008
Jonathan Duhamel - $8,944,138 in 2010
In 2018 Justin Bonomo won $10 million in the World Series of Poker's $1 million buy-in Big One for One Drop. But by far the later poker jackpot ever was $18,346,673 when Antonio Esfandiari won the 2012 Big One for One Drop.
Highest Payouts at the Craps Table
Patricia Demauro is easily one of the most successful craps players in history. In 2009 she famously won 154 consecutive throws while playing at the Borgata in Atlantic City. The actual amount was never disclosed, but based on the minimum buy-in of $10 the payout would likely range from well over six figures up to $1 million or more.
Not long ago a player won over $5.3 million at the Tropicana Casino and Resort, mainly at the craps tables. The unidentified man had a 6-hour hot streak, but he had to bet big to win the millions. At one point he was placing $100,000 bets.
Huge Win at the Roulette Wheel
In 2004 Ashley Revell made a huge gamble. He sold everything he owned, headed to Vegas and put his entire life savings on a spin of the roulette wheel. Crazy – yes. But it paid off. Revell put just over $135,000 on a red bet and won over $270,000. The whole thing was filmed and eventually became a short reality show called Double or Nothing.
Biggest Blackjack Winners
The most infamously successful blackjack players were a group of MIT students who used card counting to win around $100 million. However, this situation was unique because the mathematical geniuses worked as a team so their winning streaks wouldn’t get noticed by dealers.
But one man bested the MIT players. Gambler Don Johnson made millions at blackjack tables over a six-month period in 2011. Instead of card counting, Johnson sought out casinos that had the most favorable rules, like being able to split a hand up to four times.
Another thing Johnson looked for were casinos that offered a guaranteed payout, which refunds part of what’s lost on a hand. All that research paid off to the tune of $15 million in half a year of playing.
A billionaire by the name of Kerry Packer also won big at the blackjack tables. During a trip to Vegas in 1997 he reported won somewhere in the range of $20-40 million. The winnings came from a combination of black jack and baccarat.
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