The Most Significant Slot Machine Payouts Ever Recorded

Updated: February 7, 2024
Slot machines in a Las Vegas casino.

Serious casino enthusiasts sometimes overlook slot machines, believing they offer low stakes and therefore minimal payouts. Many players are drawn to games with higher payouts, like blackjack and poker. However, this assumption couldn’t be farther from reality. Thanks to innovations like progressive jackpots, slot machines have delivered some of the most remarkable wins ever seen in casinos. Notably, one specific slot game – Megabucks – has contributed to every major win on our list. blackjack So here it is, our detailed guide to the most significant slot machine wins ever achieved in history.

Most of these major wins can be traced back to the iconic casinos lining the Las Vegas Strip. Interestingly, the very first entry on our list didn’t occur in Vegas itself, but rather in the nearby city of Henderson. The Megabucks slot continues to feature prominently, as this IGT classic has given more players a reason to celebrate than anyone could have expected. land-based casinos :

8. $17.3 Million – M Resort, Henderson

On December 14, 2012, a retired school principal struck it rich after placing a modest bet of just $20. Hilariously, he wasn’t even aware he had clinched a colossal jackpot of $17 million until a friend alerted him to it.

Can you imagine winning $20 million from a slot machine and still not making it into the top five largest wins? This remarkable event occurred a mere nine months after the holder of the sixth-largest win on our list hit the jackpot. The unnamed winner, who was a 64-year-old retiree at that time, only needed four spins and a $12 bet to land the unforgettable prize on June 5, 2006.

7. $20.5 Million – Cannery Casino, Las Vegas

While she opted to keep her identity a mystery, the winner did share that she planned to purchase a new vehicle and pay off her mortgage. With the generous $20 million prize in her pocket, she definitely had some extra cash to play with.

This tale goes back many years before other notable wins and revolves around a WWII veteran named Elmer Sherwin. When Sherwin visited the Mirage Casino during its grand opening in 1989, he walked home with an impressive $4.6 million—all from a $20 he had borrowed from his wife.

6. $21 Million – Mirage Casino, Las Vegas

Fast forward sixteen years, and Elmer returned to the Cannery Casino in Vegas, drawn back to the Megabucks game that had previously rewarded him handsomely. Betting the maximum of $3 per spin, he hit the jackpot again, this time at the age of 92, claiming a staggering $21 million. Remarkably, he is unique in having won the Megabucks jackpot twice in his lifetime.

Although this win isn’t the largest on our list, it boasts the best ratio of bets to winnings. A business consultant placed a mere $10 into a slot and walked away with over $21 million. This 49-year-old man from Illinois celebrated his luck in 1999 at the

5. $21.3 Million – Caesars Palace, Las Vegas

This anonymous victor struck gold while once again playing the renowned Megabucks machine, responsible for all the winners on this list. He opted for an installment plan, receiving $1.5 million annually for 25 years, providing him with a steady income for years to come. famous Caesars Palace in Vegas.

Johanna Heundl, a retired resident of California, visited the iconic Bally’s Casino in Vegas to celebrate her 74th birthday back in 2002. Taking advantage of a birthday promotion, she received $100 in free play tokens. After depositing her credit, she added an additional $100 of her own money.

4. $22.6 Million – Bally’s Casino, Las Vegas

Feeling peckish just before leaving for breakfast, she placed a bet with her last remaining $20. Suddenly, the three Megabucks symbols aligned perfectly, and she landed two jackpots—one worth $22 million, and another totaling $3,000. two nights there 3. A Massive $27.5 Million – Palace Station Casino, Las Vegas

The third-largest payout on record was won by an unidentified retiree at the Palace Station Resort in Las Vegas. This former flight attendant visited the casino in 1998, shortly after winning $680,000 on a Wheel of Fortune slot. Although it’s generally discouraged, she decided to play with an additional $100, and when the Megabucks symbols aligned, she added $27.5 million to her earlier winnings. last few spins In the year 2000, as the new millennium dawned, fortune smiled on Cynthia Jay Brennan. Working as a waitress, she finished her shift and headed to the Desert Inn Hotel and Casino to celebrate her future mother-in-law’s birthday, deciding to try her luck on the Megabucks slot.

She wagered $21, opting for the maximum bet of $3 per spin, which unlocked access to the progressive jackpot’s bonus rounds. Despite quickly depleting her bankroll, she took two more spins before wrapping up her session. Lady luck was on her side, as the Megabucks machine rewarded her with an impressive jackpot of $34.9 million.

Cynthia generously chose to donate most of her winnings to charitable organizations aiding those with disabilities.

2. $34.9 Million – Desert Inn, Las Vegas

1. An Astonishing $39.7 Million – Excalibur Casino, Las Vegas

The record for the largest slot machine payout at any casino was set at the Excalibur Casino in Las Vegas. This remarkable event occurred in 2003 when an anonymous young software engineer, who preferred to remain unnamed, dropped a mere $100 into the slot. This Megabucks machine, featuring an enormous progressive jackpot, was destined to reward someone, and that someone happened to be him.

While anyone has the chance to win such enormous jackpots, it’s essential to manage one’s gambling budget wisely. Keep in mind that a vast majority of players do not win at all.

While it might seem like traveling to Las Vegas and sitting down at a Megabucks machine is the only route to a major win, there are numerous online casinos that offer substantial winning opportunities as well.

Bonus Section: Top Online Casinos Featuring Real Money Slots in 2024

For those interested in discovering the premier online casinos that provide an extensive variety of real money slot games, here is a list of the best online slot casinos for 2024:

Stephen Tabone is a prolific writer who specializes in exploring how casino players can benefit from randomness. Born in London, this betting strategist has spent nearly three decades refining his grasp of number combinations and patterns to develop rule-based systems that mitigate risk and bolster long-term profits. His notable works on Baccarat and Roulette include titles like ‘The Ultimate Golden Secret Baccarat Winning Strategy,’ ‘The Clockwork Betting System,’ ‘The Ultimate Silver Bullet Proof Baccarat Winning Strategy,’ and ‘The Martingale-Tabone Fusion Betting System,’ among others. His broader interests encompass high-stakes areas such as political analysis, investments, and stock trading.

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