Back
Vegas Jackpots: Complete Guide | LeoVegas

What are Vegas Jackpots?

Jackpots are synonymous with the world of gambling and these coveted prizes are an essential aspect of the gambling capital of Las Vegas.

Table of Content:

We can trace the origins of Vegas jackpots back to the early 20th century when Las Vegas emerged as a popular gambling hub. The first casino, Golden Gate, opened in 1906 with classic games like poker, blackjack and slot machines. Players could win jackpots from these early slot machines, even though the payouts were quite modest in comparison to the sizable jackpots up for grabs today.

It was only in the 1950s that Vegas jackpots started offering more lucrative rewards, which coincided with the introduction of electromechanical slot machines. These advanced machines came with bigger payouts and more intricate gameplay, which made them incredibly popular with players.

Over time, tech advancements in the industry have allowed Vegas jackpots to continue evolving. Online casinos and video slots have expanded both the win potential of these games, as well as the size of their jackpots.

The introduction of progressive jackpots, where a fraction of every bet placed across a network of games goes towards an ever-expanding prize pool, has yielded some of the most significant jackpots we've ever seen.

PLAY JACKPOTS

Where can you Win a Jackpot in Las Vegas?

If you’re planning a visit to Las Vegas, then you might be wondering where you can win the very best jackpots the city has to offer. You’ll find all kinds of prizes available and most of them come from Las Vegas’ most iconic establishments.

If you’re looking for an elegant casino offering slots and poker with sizable jackpots, then be sure to visit The Bellagio.

Caesars Palace is another fantastic option. The legendary casino has a history of big wins coming from a diverse range of games that include both classic table games and progressive slot machines.

If you’re looking to capture the charm of Venice, then you’ll want to head over to The Venetian. The casino has a huge gaming floor with luxurious slot machines that can potentially lead to big jackpot wins. If you’re more interested in progressive jackpots, then it’s the MGM Grand for you. It’s one of the largest casinos on the Strip and features all kinds of gaming options, including several slot machines that connect to massive progressive jackpot networks.

These are just a few of the many places in Vegas that offer potentially life-changing jackpot prizes. Rest assured, there are plenty of great places to win Vegas jackpots when you’re in town.

Now that you know how Vegas jackpots came to be and where you can win them, it’s time to explore the very best games that offer them. Most of these jackpots come through slot machines, but as you’ll discover below, you can also hit jackpot wins through table games and casino tournaments.

Slot Machines

There are loads of brilliant land-based slot machines with huge jackpot prizes, but some titles manage to stand out. The legendary Megabucks and Wheel of Fortune are player favourites thanks to their potentially huge jackpots.

If you’re looking for a strategic approach to your slot machines, you should look at high-limit slots where larger bet levels increase your chances of hitting significant jackpot prizes. You’ll also need to manage your bankroll. Pick machines with a higher return-to-player rate and take advantage of promotional offers that can lend a helping hand along the way.

Ultimately, it’s all about luck, but you can still take steps to enhance your jackpot pursuit.

Poker Tournaments

The most prestigious poker jackpot tournament in Las Vegas is the World Series of Poker (WSOP). The WSOP’s main event has multi-million dollar jackpot prizes on the line, and players have landed wins of over $10 million in recent years. You should also check out The Bellagio’s Five Diamond World Poker Classic and the ARIA Super High Roller Bowl, which also feature stunning jackpot prizes.

To win these prizes, you’ll need to make sure your skills in various poker formats are up to speed. But apart from poker skills, you’ll also need to manage your bankroll and adapt to your opponent’s strategies. These can ultimately be the deciding factor once Lady Luck has had her say.

Roulette and Blackjack

Although they’re not as common as slot machine jackpots, you can still find roulette and blackjack games that offer fantastic prizes in Las Vegas.

If you’re into roulette, keep an eye out for triple zero roulette tables, where hitting three zeros can lead to winning the game's jackpot prize. On the other hand, blackjack games like Blazing 7s and Triple 7s come with progressive jackpots that add an extra layer of win potential.

Your success in these games hinges on the strategic decisions you make. When it comes to roulette, managing bets and understanding odds is crucial, whereas when playing blackjack you’ll need to know when it's appropriate to hit or stand.

Types of Vegas Jackpots

Two primary types of jackpots dominate Vegas prizes. Fixed and progressive jackpots offer very distinct experiences, and ultimately lead to different rewards.

Progressive jackpots stand out as the most popular and rewarding option of the two. Multiple slot machines link together on a common network, with a portion of every bet contributing to a shared jackpot pool. The larger the network of games, the greater the potential for prize growth, offering the possibility of massive wins.

These games have given away some record-breaking rewards in the past. The aforementioned Megabucks dished out $39.7 million to a lucky player back in 2003, while online sensation Mega Moolah holds the record for the largest progressive jackpot win ever, awarding a huge £13.2 million prize in 2015 at the Excalibur Hotel and Casino in Las Vegas.

Fixed jackpots offer an altogether different experience. These prizes are predetermined with an unchanging prize amount. You’ll find these sorts of prizes on traditional slot machines and table games like blackjack and roulette.

The fixed nature of these jackpots also influences the way they are won, as their mechanics are embedded in the game. Typically, in most fixed jackpot slot machines, you'll need to land a combination of three matching jackpot symbols. Double Diamond is one the most renowned fixed jackpot prizes, where you’ll need to land the double diamond symbols to claim the prize.

Both options have lots to offer, so it's ultimately up to you to choose the experience that suits you best.

Notable Jackpot Wins

Vegas jackpots have delivered some of the biggest casino wins in recent years, showcasing the potential that these games have to offer.

Wheel of Fortune sits atop the list of games with big wins, having given away more than $15 million in various prizes over the past five years. These are across different variations of the game, including Wheel of Fortune $1, Wheel of Fortune 25c and Wheel of Fortune Special Edition. The game delivered one particularly huge win of $1,180,000 at Harrah’s Las Vegas in 2018 and another massive win of $1,200,000 at Paris Las Vegas in 2017.

But these wins pale in comparison to figures that players have won from Megabucks. In 2014, a lucky player at Rampart Casino hit a stunning $14,282,544. It also dished out a huge $10,744,293 win at Westgate Las Vegas Resort and Casino in 2015.

Record-breaking jackpots

Casinos announce colossal wins at their online casino site or land-based slot machine to plant the idea in the minds of slot machine players that their casino has a better chance of netting them a fortune. Gambling venues, both online and traditional casinos, are happy to bring new customers through the door in a bid to recoup some of their losses.

Just because a casino has a big win doesn’t mean it’s more or less likely to be the home of another jackpot win. However, some of the biggest slot machine winners have won the jackpot more than once, but this is a rare occurrence. Ensuring you have fun while playing instead of viewing it as a potential source of income is the best way to enjoy these games.

The Megabucks Millionaire: The Biggest Slot Win in Las Vegas History

This year marks the 20th anniversary of the biggest-ever slot machine win in the dazzling and eventful history of Nevada’s most populated city. For the millions of people who flock to Las Vegas every year and collectively spend billions of dollars, the idea of winning a multimillion-dollar jackpot after just a few spins on a slot machine sounds like a Hollywood movie.

However, two decades ago, a few spins totaling $100 returned a win of $39.7 million at the Excalibur Hotel in Las Vegas. Megabucks slot machines are renowned for their outrageously high jackpots, making it their main selling point. Given how much notoriety it has brought them over the years, we imagine they’ve recouped the losses tenfold. This particular jackpot had been accumulating for over nine months, so it was due to pay out big at some point. However, the game designers stated that it is incredibly rare for it to pay out in one go.

The algorithmic software that slot machines use can occasionally trigger these enormous wins, and even though the odds are very slim, they do happen for a tiny minority of lucky gamblers. You could count on one hand the number of people who have managed to walk away from one of these machines with a giant jackpot win.

Information regarding the win is still fairly secretive; there’s no confirmation of the individual's name other than that he was a 25-year-old software engineer from Los Angeles who was in town to watch a college basketball tournament. After spending a few moments in the Excalibur Hotel, he walked out of there a multimillionaire, so it was not a bad weekend for him overall!

The Fortunate Floridian: Unravelling the mystery of a $39.7m win

Unfortunately, not many of us will be able to say what we would do with a $39.7 million win or whether we would keep it a secret. Most of us would probably let our family and friends know, but for most people, remaining secretive is perfectly understandable. While the identity of the mystery software engineer remains sealed, all these years later, we do have the name of a fortunate Floridian woman who won the jackpot, not once, but twice, in the span of nine days!

The lady, who identified herself only as Gloria from Florida, won a jaw-dropping $1.2 million on her first attempt on Aristocrat Gaming’s Dragon Link slot machine. Seemingly not satisfied with the measly seven-figure sum, she returned nine days later to play the same game at the Seminole Hard Rock Hotel & Casino and somehow managed to win a second jackpot of just over $1 million.

While this might not break records in terms of the amount won, the fact that somebody managed to win two consecutive million-dollar jackpots on the same game within nine days is mind-blowing. It’s likely that the game designer was contacted to ensure there was nothing in the algorithm that would make this a frequent occurrence.

The Excalibur Triumph: A slot machine win fit for a king

Sin City has long been the destination for gamblers worldwide, drawn by the allure of tapping into the potential riches of the Nevada desert. With numerous slot machines themed around historical figures, ancient Roman, Greek, or Egyptian mythology, it's no surprise that the Excalibur is one of the most popular hotels in Vegas.

Back in early 2020, an unnamed gambler sat down at a Wheel of Fortune machine at the Excalibur Hotel & Casino and won just over $5.4 million. Like many other winners on this list, they remained anonymous and disappeared into the sunset. The win was confirmed on the Excalibur Hotel Twitter account, but the identity of the winner and their decision regarding their newfound wealth remain shrouded in mystery.

The Wheel of Fortune slot is a simple three-reel game, and when the unnamed millionaire landed three flaming 7's, the maximum jackpot dropped, much to the astonishment of both the player and the Excalibur staff.

The Beachcomber's Bonanza: From Rags to Riches in one spin

It seems that the biggest slot machine wins of all time have occurred almost exclusively in Las Vegas. This shouldn't be too surprising, considering that Las Vegas has held the title of the world's gambling capital for nearly a century.

Despite the rise of online slot machine gaming, one might presume that online players have broken these records multiple times. While there are a couple of notable online wins, the overwhelming majority of the largest slot wins have been celebrated on the famous Las Vegas Strip.

In 2002, Megabucks was responsible for yet another enormous payout. This time, the winner decided to reveal her identity. She was a 74-year-old woman named Johanna Heundl, who took a trip to the casino floor one morning in May 2002. Before she had even had her first meal of the day, she decided to spin the reels on a Megabucks machine, resulting in a win slightly north of $22.5 million. We can only imagine she treated herself to a nice breakfast after that one!

Vegas Jackpots FAQ

What are the biggest Vegas Jackpots ever won?

Megabucks is the biggest jackpot a player has ever won in Las Vegas. It awarded $39.7 million to a lucky player back in 2003.

Are there any guaranteed strategies to win jackpots?

There are no guaranteed strategies to win jackpots. But, you can still use tactics and strategies that can give you better chances of success. These include good bankroll management and a high level of skill when playing poker or blackjack.

How do I choose the best jackpot game for me?

This varies based on the sort of experience you’re looking for. Pick a jackpot game that you enjoy playing and one that you’re good at. Also make sure that it’s a game you can afford to play for longer, increasing your chances of hitting the jackpot prize.

What should I do if I win a Vegas Jackpot?

If you manage to land a Vegas jackpot, then remain calm and let the moment sink in! Then, be sure to verify your win with casino staff and officials, as there may be security protocols necessary. Before making any further decisions, you should consult financial professionals.

Can I play Vegas Jackpot games online?

There are loads of fantastic jackpots that you can enjoy online. These may not be on the same network as the land-based games you play in Vegas, but you can still win big with networks like Jackpot King, WowPot and Mega Moolah.

Are there any hidden fees or taxes associated with jackpots?

Jackpots in Vegas, even poker lump sum wins, are subject to an immediate 30% tax. Some of the tax may be reclaimed.

What is the most common mistake made by jackpot players?

Bankroll mismanagement is the most common mistake one can make when chasing a jackpot. Be sure to keep an eye on your budget and don’t just follow the biggest jackpot prizes.

What are the odds of winning a jackpot in Las Vegas?

These odds will vary largely according to the game and jackpot variation that you choose to pursue when playing in Las Vegas.