To add another quirk to all you math guru's heads, I read how the megabucks and most other wide area progressives inculding the former jumbo jackpot (stations) work. An amount is randomly selected for the jackpot to hit at and as soon as that amount is achieved the first slot machine signal received will display the jackpot. In other words the jackpot will never come up randomly as you guys are suggesting. It is predetermined and whoever is there at the right time will hit it.
- Megabucks Casinos. When looking for what casino in Vegas pays out the best and not have one.
- Recognizing that fact, many US casinos offer Cleopatra and Cleopatra II in their high limit slot machine rooms. At a $1 machine with 20 lines, players can risk up to $20 per spin. While this can lead to considerable losses fairly quickly, just one trigger of the bonus game can lead to wins even more substantial.
- Oregon’s Game Megabucks has some of the most favorable big prize Jackpot game odds in the world. The jackpot always resets to $1 Million after someone wins and grows steadily each week. A staple for more than 30 years, Megabucks really is Oregon’s Game.
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If it works as you suggest, it wouldn't be too hard for an insider to obtain the number and have buddies play when it gets close.
Oh, sure, there is no guarantee of hitting it, but such an inside tip would turn the odds heavily in favor of whoever acts upon it.
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To add another quirk to all you math guru's heads, I read how the megabucks and most other wide area progressives inculding the former jumbo jackpot (stations) work. An amount is randomly selected for the jackpot to hit at and as soon as that amount is achieved the first slot machine signal received will display the jackpot. In other words the jackpot will never come up randomly as you guys are suggesting. It is predetermined and whoever is there at the right time will hit it.
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I've heard that is how the Jumbo Jackpot worked, but I can't confirm or deny it. However that is absolutely NOT how Megabucks worked.
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I've heard that is how the Jumbo Jackpot worked, but I can't confirm or deny it. However that is absolutely NOT how Megabucks worked.
I am certainly not the person to say I know this for fact, but I thought I read it a few years ago. One reason I believed it would be that it would help explain how the wide area progressives can hit in remote areas with little machine play, and not always hit in the same properties with mega machine play.
I am certainly not the person to say I know this for fact, but I thought I read it a few years ago. One reason I believed it would be that it would help explain how the wide area progressives can hit in remote areas with little machine play, and not always hit in the same properties with mega machine play.
I don't believe either method would cause a remote area to be more or less likely to pay the jackpot, based on probability.You may want to show the entire year where you pulled the Megabucks Data from.
| Year (2009) | Profit ($,000) | Profit (%) | Handle($,000) |
|---|---|---|---|
| 1 CENT | 1,825,465 | 10.10% | 18,073,911 |
| 5 CENT | 238,384 | 6.96% | 3,425,057 |
| 25 CENT | 624,210 | 5.79% | 10,780,829 |
| 1 DOLLAR | 575,567 | 5.16% | 11,154,399 |
| MEGABUCKS | 53,352 | 10.43% | 511,524 |
| 5 DOLLAR | 117,234 | 4.89% | 2,397,423 |
| 25 DOLLAR | 27,291 | 3.96% | 689,167 |
| 100 DOLLAR | 24,733 | 3.98% | 621,432 |
| MULTI DENOMINATION | 3,250,396 | 5.19% | 62,628,054 |
| OTHER SLOT MACHINES | 86,408 | 5.50% | 1,571,302 |
| TOTAL SLOT MACHINES | 6,823,039 | 6.10% | 111,853,098 |
Megabucks is slightly above penny slots in profitability in Nevada.
Compare to cumulative data in Pennsylvania which keeps a running track of wagers and payouts. Total wagers for the entire 40 months that the slot clubs have been open still is much less than NV for 2009. During those 40 months the 9 slot clubs have gradually been opening with some of the major ones only opening in the last year. However the win percentage is much higher than the average machine in Nevada.| Wagers | $63,496,230,872.73 |
| Payouts | $57,929,087,580.01 |
| Cumulative Nov 2006 - Feb 2010 | Profit ($) | Profit (%) | Handle ($) |
|---|---|---|---|
| All Pennsylvania Casinos | 5,567,143 | 8.77% | 63,496,231 |
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Wiz
You may want to show the entire year where you pulled the Megabucks Data from.
I'm not sure I see your point. My 2009 figure was for 1/1/09 to 12/31/09. Same as the figure your quoted, which is in thousands of dollars.
I'm not sure I see your point. My 2009 figure was for 1/1/09 to 12/31/09. Same as the figure your quoted, which is in thousands of dollars.
It is the exact same figure. The extra ,000 is understood.
I thought it would be interesting to see what the return is for a Megabucks machine compared to all the other types of slots. Also that Pennsylvania casino crank their slots so tight, that the average slot machine is almost as stingy as a Megabucks machine.
It is not, however, addressing your main area of interest.
The number of actual penny machines is not increasing and the win % which determines handle is relatively constant over time. So is the recession pushing the nickel and higher denominations to the Penny slots (or not playing at all?) I think so.
| Slot Denom | Q4 2009 | Q3 2009 | Q2 2009 | Q1 2009 | Q4 2008 | Q3 2008 | Q2 2008 | Q1 2008 |
|---|---|---|---|---|---|---|---|---|
| Penny | 8.64% | 4.08% | 6.67% | 10.73% | 14.39% | 18.34% | 26.87% | 34.36% |
| Nickel | -39.76% | -47.64% | -47.78% | -43.23% | -40.23% | -27.14% | -12.78% | -10.09% |
| Quarter | -21.18% | -29.69% | -29.23% | -29.54% | -30.56% | -13.48% | 2.66% | -17.29% |
| Dollar | -17.47% | -29.08% | -30.43% | -26.59% | -30.04% | -6.20% | -10.45% | -11.76% |
| Multi | -0.52% | -1.87% | -5.77% | -3.56% | -7.85% | 5.00% | 10.15% | 11.20% |
| All Slots | -7.19% | -13.40% | -14.69% | -14.12% | -17.67% | -4.86% | 5.47% | 0.27% |
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I'm almost ready to announce my new page on Megabucks on my 'Odds' site. However, I'd be interested in any initial comments or questions on it. Just click on the link above to see a rough draft.
Only thing I might change is to estimate the Present Value (PV) of the annuity. At todays low interest rates it might be quite low. My financial calcualtor is at home or I'd put up an estimate here.