OzzyOsbourne
OzzyOsbourne
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August 25th, 2014 at 11:52:16 AM permalink
http://www.cardplayer.com/poker-news/17714-gambler-finally-hits-vegas-slot-machine-that-hadn-t-paid-out-jackpot-in-15-years

Can't believe I didn't play it last time I was there. It was quite obviously DUE!!!
casino's money disappears the execs worry when the wizard is near He turns tears into joy Everyone's happy when the wizard walks by
GWAE
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August 25th, 2014 at 11:55:15 AM permalink
Quote: OzzyOsbourne

http://www.cardplayer.com/poker-news/17714-gambler-finally-hits-vegas-slot-machine-that-hadn-t-paid-out-jackpot-in-15-years

Can't believe I didn't play it last time I was there. It was quite obviously DUE!!!



slot machines are never due and there is already a thread for this.
0-2
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Nareed
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August 25th, 2014 at 1:18:46 PM permalink
Quote: GWAE

slot machines are never due



Only overdue ;)
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terapined
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August 25th, 2014 at 1:22:57 PM permalink
I asked this question in the other Lions Share thread and got no response. Maybe nobody knows but will ask again.
Now that Lions share hit, what is the highest slot progressive in Vegas now and where is it at?
AxiomOfChoice
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August 25th, 2014 at 1:26:52 PM permalink
Quote: terapined

I asked this question in the other Lions Share thread and got no response. Maybe nobody knows but will ask again.
Now that Lions share hit, what is the highest slot progressive in Vegas now and where is it at?



This is a strange question because the Lions Share was not the largest slot progressive in Vegas. It wasn't even the largest slot progressive in the MGM Grand.
onenickelmiracle
onenickelmiracle
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August 25th, 2014 at 1:28:52 PM permalink
Quote: terapined

I asked this question in the other Lions Share thread and got no response. Maybe nobody knows but will ask again.
Now that Lions share hit, what is the highest slot progressive in Vegas now and where is it at?

Seems they aren't telling beyond megabucks. Apples to oranges though, they're probably all gross rip-offs. Maybe this machine will spark some to introduce property specific, better than average, progressive slots though but I doubt it.
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DRich
DRich
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August 25th, 2014 at 1:31:11 PM permalink
Quote: AxiomOfChoice

This is a strange question because the Lions Share was not the largest slot progressive in Vegas. It wasn't even the largest slot progressive in the MGM Grand.



I believe it was the biggest one to pay out the jackpot in a lump sum. Most of the large progressives pay over a 25 year annuity.

In the mid 1990's I worked on a game call Cool Millions. Our hook was that we paid the first million dollars instantly and then the rest was in an annuity. At least with that the player became an instant millionaire.
At my age, a "Life In Prison" sentence is not much of a deterrent.
onenickelmiracle
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August 25th, 2014 at 1:35:14 PM permalink
Quote: AxiomOfChoice

This is a strange question because the Lions Share was not the largest slot progressive in Vegas. It wasn't even the largest slot progressive in the MGM Grand.

The lure was not only the jackpot, but of course yesteryear's payback, and getting a lump sum Cash. These qualities need to be met. Mendelson mentioned a Red, White and Blue machine at Caesar's palace, but said it was capped some time ago, so it's no longer a progressive.
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Dieter
Administrator
Dieter
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August 25th, 2014 at 1:35:34 PM permalink
Quote: DRich

Most of the large progressives pay over a 25 year annuity.



This is an advantage for most people, even if it ticks them off. This method means they can't lose it all by dawn.
May the cards fall in your favor.
AxiomOfChoice
AxiomOfChoice
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August 25th, 2014 at 1:40:53 PM permalink
Quote: DRich

I believe it was the biggest one to pay out the jackpot in a lump sum. Most of the large progressives pay over a 25 year annuity.



Does that include high limit slots? Some of them have fixed (not progressive) payouts in the millions (I'm talking about $100, $500, or $1000 denom)

I am trying to remember the largest high denom progressive I have seen. I know that MGM have a bunch that seem to always be in the 700-800k range -- I think those are $10 denom. I could swear that they have a $25 machine with a larger progressive than the Lion's Share was, but I can't remember for sure.

And of course there are the megabucks and wheel of fortune machines that are linked across several casinos, but those are annuities, as you said.
onenickelmiracle
onenickelmiracle
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August 25th, 2014 at 1:43:36 PM permalink
Quote: Dieter

This is an advantage for most people, even if it ticks them off. This method means they can't lose it all by dawn.

Pfft yeah right. All those bankrupt lotto winners can probably attest against that. They wind up borrowing against the money anyways.
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AxiomOfChoice
AxiomOfChoice
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August 25th, 2014 at 1:46:47 PM permalink
Quote: onenickelmiracle

Pfft yeah right. All those bankrupt lotto winners can probably attest against that. They wind up borrowing against the money anyways.



Exactly. Owed money is as good as actual money; just less of it. It's a way for them to advertise a larger prize than they are actually giving you. Should be illegal. If they are going to pay by annuity, they should only be allowed to advertise the discounted value, not the (meaningless) total.
terapined
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August 25th, 2014 at 1:50:52 PM permalink
Quote: AxiomOfChoice

This is a strange question because the Lions Share was not the largest slot progressive in Vegas. It wasn't even the largest slot progressive in the MGM Grand.



OK. I forgot about high roller machines.
I'm a low roller.
What is the highest jackpot now for a 3 dollar max bet slot machine.
AxiomOfChoice
AxiomOfChoice
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August 25th, 2014 at 1:56:25 PM permalink
Quote: terapined

OK. I forgot about high roller machines.
I'm a low roller.
What is the highest jackpot now for a 3 dollar max bet slot machine.



If you count annuities, it is probably one of the wide area jackpots (shared among multiple casinos). They are bigger than Lions Share ever was; that was my point.

MegaBucks is the obvious one. Isn't the payout on the $1 WoF machines also higher? They also have a lot of video penny slots with very large progressives (usually with some movie theme or something) but I'm not sure if they get higher than that.

The allure of Lions Share wasn't only the high progressive (you can get higher progressives on $3 per spin); it was that the machine seemed to have a higher RTP than newer dollar slots do, so your money tended to last a lot longer.

I'm not sure that I'd refer to $1 denom, $3/spin slots as "low roller".
AxelWolf
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August 25th, 2014 at 4:41:00 PM permalink
Quote: DRich



In the mid 1990's I worked on a game call Cool Millions.

No comment :)
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
rxwine
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August 25th, 2014 at 4:56:02 PM permalink
I thought the original non-progressive "Millionizer" paid a lump sum of 1 million. But not sure.
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GWAE
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August 25th, 2014 at 4:59:01 PM permalink
I never knew those large jackpots were annuities. I am not sure if I would be really happy or really sad. It would have definitely taken some of the excitement away from the big win.
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EdgeLooker
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August 25th, 2014 at 5:00:45 PM permalink
From the article: The machine takes $1, $2 and $3 bets, and it does award smaller prizes. It’s just that the grand prize had remained elusive for way longer than anyone anticipated.

All of its companions were phased out over the years. Under Nevada law, the machine couldn’t be replaced until awarding the jackpot.

----

Would of been something if another 15 years went by.... and then another 15 years. And then they find out that the software had an error where the jackpot would never be hit, lol. I'm glad it was hit! :)
onenickelmiracle
onenickelmiracle
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August 25th, 2014 at 6:39:25 PM permalink
Quote: rxwine

I thought the original non-progressive "Millionizer" paid a lump sum of 1 million. But not sure.

Millionizer at Seneca Niagara pays 1/2 million but otherwise a million. You have to read up playing any game. Basically they don't want big lumps because it's hard getting just a handful of people to churn the money back. My opinion all these casinos are almost unregulated as far as customers care. As long as the states get their cut, they just say use any position you want to screw them.
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