The Math of Casino Slot Machines. For every dollar you wager in a slot machine, you will lose 100% - Payback% of that dollar. For example, you're at Bellagio playing the $1 Double Diamond slot, wagering Two Credits ($2) per spin. According to the table, for every $2 spin you will lose 5.33% of that bet. Just shy of 11¢.
What happens in Vegas stays in Vegas—unless you happen to win a huge cash payout while gambling. The odds that you’ll win $5.00 or $10.00 while playing the slot machines are quite good. The odds of hitting a multimillion-dollar jackpot at a Vegas casino—well, if you accomplish that, then we’ll be hitting the Vegas strip with you next time.
They may be rare, but mega-million jackpots in Vegas do happen. Most recently, in November 2014, a man turned $20.00 into $14.28 million when he hit the progressive jackpot playing a Megabucks slot machine at Rampart Casino. The Megabucks machine is linked to 157 casinos throughout Nevada.
If you’re hoping lightning strikes twice, you may want to visit the following casinos on your next trip to Las Vegas:
Top Las Vegas Payouts
5. Rampart Casino
The unidentified Vegas resident who won the cool $14.0 million at Rampart was visiting the casino with an out-of-town friend one day. The man played the Megabucks slot machine for all of five minutes before hitting the jackpot! The money, he said, would be donated to various charities and his church.
The 50,000-square-foot Rampart Casino1 is located in the JW Marriott Las Vegas Resort & Spa. It boasts nearly 1,300 slots, video poker, and keno machines. The Summerlin Room High Limit area features games that range from $1.00 to $10.00 denominations and the 300-seat Bingo Room is conveniently located next to the Rampart Buffet. With 50 lush acres, JW Marriott Las Vegas is considered to be the first off-the-strip luxury resort in Las Vegas. The 548 guestrooms offer mountain, garden, city, or golf-course views, and are equipped with high-speed Internet access, rainfall showerheads, and jetted tubs.2
If that’s not enough, the JW Marriott has a day spa. Spa Aquae has 36 treatment rooms, an outdoor hydrotherapy circuit pool, a whirlpool, a steam room and sauna, a hot and cold plunge, and cascading waterfall showers. It also has a state-of-the-art fitness center and offers daily yoga sessions.3
4. Bally’s
Seventy-four-year-old Johanna Huendl was on her way to breakfast at Bally’s when she decided to take a seat at the Megabuck machine. She put in about $170.00 and won the jackpot. Initially she misread the machine and was overjoyed to see she would be taking home $2.0 million. But she was wrong; she won $22.62 million.4
Located on the Vegas strip, Bally’s Las Vegas features more than 2,800 extra-sized guestrooms (450 square feet each) and a number of penthouses ranging from 2,567 square feet to 3,425 square feet. Guests at Bally’s can also enjoy the 13,000-square-foot spa, salon, Olympic-sized pools with palm trees, private cabanas, and a whirlpool, fine dining, shows, and shopping.5 At 67,000 square feet, the casino at Bally’s has countless slot and video poker machines, more than 65 Las Vegas table games (casino blackjack, craps, roulette, baccarat, and pai gow), a poker room, a 24-hour Keno parlor, and a stadium-style race and sports book.
3. Palace Station
Did you know that one of the largest, progressive slot machine payouts in history happened at Palace Station? Back in 1998, a retired flight attendant fed $300.00 into a Megabucks machine and walked away with a staggering $27.5 million.
Located just a few minutes off Las Vegas Boulevard, Palace Station is known as the locals’ favorite place to stay and play! Palace Station has a 1,000-room hotel, fitness center, pool, and salon, along with bars, lounges, and fine dining.6
The Palace Station casino has more than 100,000 square feet of gaming space and the perfect mix of slots and table games.7 The casino has more than 1,600 slot/video poker machines, 45 table games (blackjack, pai gow poker, pai gow tiles, “Ultimate Texas Hold’em,” craps, roulette, and baccarat), a 307-seat bingo hall, a 20-seat keno lounge, and a 230-seat race and a sports book featuring 44 screens.
2. Wynn Las Vegas & Encore Resort
On January 26, 2000, Cynthia Jay-Brennan, a Las Vegas cocktail waitress, won $34.9 million after investing $27.00 on a Megabucks machine at the Desert Inn. Naturally, the casino set her up in one of its top suites and offered her champagne and caviar.8
Unfortunately, the Desert Inn suffered the fate of many of the older casinos in Las Vegas: it was imploded. Today, Wynn Las Vega and Encore Resort now sit on the land where Desert Inn once stood. If you’re superstitious, you might want to try the casino at Wynn or Encore.
Wynn Las Vegas is an iconic, curved high-rise on the Las Vegas Strip with 2,716 rooms ranging in size from 640 square feet to villas at 7,000 square feet. Together with the adjacent Encore Resort, the entire Wynn resort complex has a total of 4,750 rooms, making it the world’s sixth-largest hotel.9
Wynn Las Vegas has a 223,000-square-foot convention center, 76,000 square feet of retail space, a spa, a salon, a pool, and an 111,000-square-foot casino. If you like to golf, Wynn Resorts also has the only golf club on the Strip. The 18-hole, 7,193-yard, par-72 golf course was designed by world-famous architect Tom Fazio and resort owner Steve Wynn.
Encore Resort features a 2,034-room hotel that is ranked as one of the top 100 hotels in the world on the 2015 Gold List. Encore also has a 74,000-square-foot casino, 27,000 square feet of retail space, a spa and salon, five restaurants, seven bars, and a nightclub.
1. Excalibur
Back in March 2003, a 25-year-old software engineer from Las Angeles won $39.7 million after putting $100.00 in the Megabucks slot machine at Excalibur. The winner, who wished to remain anonymous, beat odds at the time of one in 16.7 million to take home the largest jackpot in Las Vegas history.10
Excalibur isn’t just a name—it’s a way of life. On the south end of the Las Vegas Strip, Excalibur is a Camelot-themed resort linked to neighbouring New York-New York and Tropicana resorts by overhead pedestrian bridges.11
The hotel has 4,008 rooms, ranging from contemporary to guest suites. Amenities include shopping, four luxurious pools (including one for guests 18 years of age and older), a 13,000-square-foot spa, a fitness center, and, of course, the Canterbury Wedding Chapel.
The 100,000-square-foot gaming area consists of both table games and over 1,400 slot machines, including the ever-popular Megabucks progressive jackpot slot machine. The casino also has a poker room, keno, and pari-mutuel betting.12
Best Payouts Slots
So, what happens if lightning does happen to strike twice and you win big?
RMS Is the Easiest, Fastest Way to Get Your Money Back!
In the United States, winnings of more than $1,200 from slots (or other forms of gambling, including poker, pari-mutuel, and sports betting) are considered taxable income and are subject to a 30% withholding tax. If you win $2,500 on the slots in Las Vegas, you’ll walk out with just $1,750. The IRS gets to keep the rest.
If you’ve been to Las Vegas and had 30% of your gambling winnings withheld by the IRS, Refund Management Services (RMS) can help you reclaim a portion or all of your taxable winnings.
Founded by a Canadian Chartered Accountant in 1998, RMS is the most reliable and experienced gaming and casino tax refund provider for non-U.S. residents. Only RMS has the One Simple StepTM process; our Customer Service Agents take care of the rest. Your refund cheque gets mailed out to you as soon as your refund is approved. We’ve never been refused an eligible refund. Contact us today!
Sources:
1. “Where the Locals Play in Summerlin,” Rampart Casino at The Resort at Summerlin web site; https://www.theresortatsummerlin.com/gaming/index.php, last accessed May 1, 2015.
2. JW Marriott Las Vegas Resort & Spa web site; http://www.marriott.com/hotels/travel/lasjw-jw-marriott-las-vegas-resort-and-spa/, last accessed May 1, 2015.
3. Spa Aquae web site; http://spaaquaelv.com/, last accessed May 1, 2015.
4. “$22.6 Million Megabucks Hits at Bally’s Las Vegas,” IGT web site; http://www.igt.com/company-information/news-room/news-releases?NewsID=650269,
last accessed May 1, 2015.
5. Caesars web site; https://www.caesars.com/ballys-las-vegas, last accessed May 1, 2015.
6. Palace Station web site; https://palacestation.sclv.com/, last accessed May 1, 2015.
7. “Boarding Pass Players Club,” Palace Station web site; https://palacestation.sclv.com/Gaming.aspx, last accessed May 1, 2015.
8. Macy, R., “Woman plays $27, wins $34.9 million,” Las Vegas Sun web site, January 27, 2000; http://lasvegassun.com/news/2000/jan/27/woman-plays-27-wins-349-million/.
9. Wynn Las Vegas web site; http://wynnlasvegas.com/, last accessed May 1, 2015.
10. Norman, R.J., “Record jackpot claimed by Calif. engineer,” Las Vegas Sun web site, March 4, 2003; http://lasvegassun.com/news/2003/mar/24/record-jackpot-claimed-by-calif-engineer/?history.
11. Excalibur web site; http://www.excalibur.com/, last accessed May 1, 2015.
12. Excalibur casino web site; http://www.excalibur.com/casino/, last accessed May 1, 2015.
Players who prefer slot machines to other casino games do not gamble simply for profit, but they also want to have a good time playing. So in order to play the game for longer and benefit from your favorite slot games we recommend you to follow some slots tips that have been developed by experienced players. They will help not to lose at slot machines or online slots of different types and become a real long-term winner regardless the size of the bankroll.
Quick Slot Tips
If you are going to visit a land or online casino to get the rush and thrill of slot machines do not forget to follow some basic slot recommendations. Even if you do not use any special slot machine strategies you can still end up a winner every time you gamble. So, below we explain some do's and don'ts when you play slots.
| DOs | DON'Ts | ||
| 1. | Manage your bankroll and stick to betting limits. | 1. | Try to win lost money back. |
| 2. | Bet Max at progressive slots. | 2. | Play high-roller slots with a small bankroll. |
| 3. | Choose loose slots with high payback percentages. | 3. | Believe in slots myths about cold and hot machines. |
| 4. | Look for extra slot bonuses and casino comps. | 4. | Play traditional slots with minimum features. |
| 5. | Study paytables and choose slots with the highest payouts. | 5. | Play at first slot machine you find at a casino. |
| 6. | Relax and have fun when playing slots. | 6. | Get frustrated or angered when you lose a spin. |
Advanced Slot Tips
Gta 5 Slot Machine Chances
Now let's consider all the slots tips in more detail. The following advanced recommendations from the real pros are not obligatory but are considered to be the most effective methods of winning when playing online and offline.
1. Manage your bankroll.
To built up a gaming strategy, the slot player must first of all decide on the bankroll and the size of bets. The smartest tips are to stretch the betting amount, pocket all the winnings, know when to stop and never try to win money back, because you can lose even more.
2. Set up betting limits.
Choose the slot machine according to your bankroll and betting limits. Remember, slots is a gambling game, therefore make sure you treat it wisely and choose a machine according to the amount of money you can afford to wager. Otherwise you risk to reach the 'quit point' very fast.
3. Bet Max at progressive slots.
When playing at the progressive slot machines, bet the maximum amount of coins and bet on all the paylines. It will be a pity if you have the best combination but don't win the jackpot because you haven't Bet Max.
4. Look for extra slot bonuses.
Choose a machine with extra bonuses and special offers such as bonus free spins or bonus rounds. Such games are not only fun but also provide more chances of winning cash.
5. Play only loose machines.
Not all slot machines are based on the same RNG, therefore always look for loose slot machines with the highest payback. Most casinos advertise the slots payback percentages. However, if you cannot figure out the payback statistics remember that as a rule $5 (or higher) slot machines provide the highest paybacks of up to 99%.
6. Practice slots for free.
Before playing for real money, practice a lot in order to know all the game options and learn how to win at slots. You can try our free slots or play slot games in fun mode at online casinos.
7. Check the paytable before the game.
Carefully study the slots paytable before you play to make sure that you know which combinations will win you money and to have an idea of what you are paid out for. Don't rush to play at the first machine you see but look for the slots with the highest payouts.
8. Don't believe in slots myths.
Do not believe in the widespread slots myths. Don't forget that there is no such thing as a hot or cold machine, therefore pick the one you like and enjoy the game. Remember also that there is no 100% effective system of beating slots and any strategies offered you for buying are useless.
Best Payout Slot Machine
9. Benefit from slots comps.
Most casinos provide casino comps for slot players in the form of free lunches and dinners, hotel rooms, tickets, bonuses, etc. In such way you can save money for playing rather than spend big sums on accommodation and meals.
10. Ask the professionals.
In case you have any questions about the rules, payouts, bonuses or other options, feel free to ask the casino support as they are there for you 24/7.