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Megabucks
A slot players delight…Megabucks links 157 casinos throughout Nevada. Its jackpot climbs each time a dollar is wagered in one of the machines.
Rules
· The game can be played by anyone who is 21 or older.
· To be eligible for the main jackpot, a player has to bet $3 per play.
· To win, the Megabucks symbols must line up on either the third pay line of a three-line machine or on the lone centre line of a one-line machine.
Hitting the Jackpot
The chance of hitting Megabucks is 1 in 49,836,032 spins of the reels! As the jackpot climbs a few cents with every dollar played on the 713 machines in 153 Nevada casinos, play increases. That in turn increases the possibility that one of the slots will hit. However, gambling experts and critics warn that gamblers should consider the astronomical odds against hitting Megabucks before playing. Also, because it requires an investment of several dollars per play, Megabucks can get expensive.
The Winners
The lure of becoming an instant millionaire is too great for many people to pass up. Winners have included a 49-year-old self-employed business consultant from Illinois, who won $21.3 million at Caesars Palace on June 1st 2004. The world's largest slot jackpot win of $27.6 million, was won by a 67-year-old Las Vegas woman, on a Palace Station Megabucks machine on Nov. 15, 1998. Winners have the option of being paid in instalments over 25 years or receiving a greatly reduced lump-sum payment. A winner of a jackpot greater than $10 million generally moves into the top (30 percent to 35 percent) tax bracket, according to the Internal Revenue Service. The winner generally pays greater than $150,000 a year in taxes unless tax shelters such as charities, interest on land and houses or business investments are established.
The main Megabucks jackpot in Nevada has been hit 48 times, paying off more than $267 million!
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