From a $5 bet to an $11.14 million Megabucks jackpot on the Las Vegas Strip
A lucky gambler turned a measly bet into a life-changing eight-figure windfall on the Las Vegas Strip this week. A guest staying at Resorts World in Sin City placed a wager of $5 and walked away with an eye-popping $11.1 million jackpot, the hotel announced on social media. The winner's identity has not been disclosed. 'Congratulations to one lucky guest who hit an $11.1 MILLION jackpot on IGT's Megabucks Mega Vault at Resorts World Las Vegas with just a $5 wager!' the casino wrote on X Wednesday night. The guest hit the eight–figure jackpot around 6am Wednesday, 8NewsNow reported. They had been playing for about 15 minutes, per the outlet, and were in town visiting family when the payout struck. When the life–changing moment happened, the winner was accompanied by their spouse. The major surprise win was the first ever Megabucks jackpot hit at the ritzy Sin City hotel.
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First Megabucks jackpot at Resorts World Las Vegas hits around 6am with a $11,143,660.87 haul
A lucky guest at Resorts World on the Las Vegas Strip turned a $5 wager into a $11.1 million sum, the hotel announced. The jackpot was hit at the Sin City hotel a little before 6am on Wednesday, according to 8NewsNow. The Resorts World hotel said their guest had hit the jackpot on an IGT Megabucks Mega Vault slot machine. A photo released by the hotel, as well as information on IGT's website, confirmed the full haul was $11,143,660.87. Users online were stunned by this week's massive cash payout. 'The dream come true scenario,' one X user said. 'Meant to be.' Another user noted: 'Happy Thanksgiving for someone.' Others were more worried about how much money the winner would actually take home from that eight–figure score. 'Very nice!' one posted. 'But those huge jackpots pay like an annuity, unfortunately.' Their eight–figure haul was the first ever Megabucks jackpot at the Resorts World hotel in Las Vegas. A Facebook user asked: 'Do they know that machine pays over 25 years? You gotta read the bottom of the machine where the screen is.'
Public reaction and questions swirl online
The eight–figure haul was the first ever Megabucks jackpot at the Resorts World hotel in Las Vegas. The jackpot had last been hit on February 16, when that winner took home more than $12.3 million. Then, a guest at the Virgin River Casino & Lodge in Mesquite, Nevada, also placed a $5 wager and left as a millionaire. Before that, nearly 500 days had passed since anyone struck gold. The odds of winning the jackpot are around one in 50 million per spin, according to gaming experts cited by the Las Vegas Review–Journal. After a win, the Megabucks jackpot is reset to $10 million across the state. The odds of winning the jackpot in a Megabucks slot machine are about one in 50 million, per gaming experts cited in Las Vegas Review–Journal. A progressive slot machine was also used when a fortunate Nevada gamer turned $3 into more than $1 million last month at a casino in Henderson, about 13 miles southeast of Vegas. The Sunset Station Hotel and Casino announced a local guest had won a $1,048,675.87 jackpot as they played IGT's Wheel of Fortune. A Wheel of Fortune player – which is different to the Megabucks slot machine – wins a jackpot of $100,000 or more every 72 hours.
Megabucks payouts explained: odds, annuities and how winnings are distributed
Most slot machines give winners the option to get their money through a lump sum upfront – less than the full amount won – or through an annual payout, which is taxed. In the Megabucks case, payouts would be distributed over 25 years, according to the Las Vegas Sun. A progressive slot machine was also used when a fortunate Nevada gamer turned $3 into more than $1 million last month at a casino in Henderson, about 13 miles southeast of Vegas. The odds of winning the jackpot are around one in 50 million per spin, according to gaming experts cited by the Las Vegas Review–Journal. After a win, the Megabucks jackpot is reset to $10 million across the state. A Wheel of Fortune payout: a Wheel of Fortune player – which is different to the Megabucks slot machine – wins a jackpot of $100,000 or more every 72 hours. The Daily Mail reached out to Resorts World Las Vegas for further comment.
