The Mega Moolah progressive jackpot slot machine has one of the most sizable progressive jackpot prizes you can win online. In fact, it is responsible for the biggest ever payout in online casino history, standing at over $20m. How does the Mega Moolah jackpot work, though? How is it formed, and how do you land a win on the slot? For those Canadian players interested in taking a chance on becoming a multi-millionaire with a single spin of this legendary slot, we will dive into the game and reveal all.
The Pot Builds With Each Bet
The Mega Moolah slot has paid out winnings ranging from a million dollars up to $20 million in its time at the top. The game is a progressive jackpot slot. For those not in the know, this means that its jackpot is not fixed – it can rise. Every new wager that is made sees a small percentage of each bet added to the collective jackpot fund. This jackpot has a starting value of $1 million and is uncapped. This means that it can reach truly staggering heights.
The progressive jackpot is networked, meaning that every player at any casino which offers the game (not just your casino, and not only those in Canada) is competing to win the same prize. Once a player wins it, wherever they are or happen to play, the jackpot resets to its base value of $1 million everywhere. Moreover, the progressive jackpot network is also available in Mega Moolah: Isis and a few other games in the series. Winning the jackpot on one of these slots will also see the jackpot reset in the other games in the series.
Triggering the Bonus Round
Any jackpot in the game is won via a bonus round, which resembles a fortune wheel. How do you trigger that round, though? Unlike some jackpot slots, you do not need to place a maximum bet, land jackpot icons on a payline (or a specific payline), or even need to land bonus/scatter symbols to trigger the jackpot round. Instead, Mega Moolah’s jackpot bonus round is triggered entirely at random.
There is no proof that you stand a better chance of triggering the jackpot round if you increase your bets. Plenty of research has been done on this. Because the jackpot bonus is triggered at random, it fathoms that the more spins you make (the longer you are active in the game), the more likely you are to trigger the feature.
Spinning the Wheel of Fortune
Once the Mega Moolah bonus round has been triggered, you will be greeted by a wheel of fortune. This fortune wheel contains four different coloured segments, and each equates to one of the slot’s four progressive jackpot prizes. These are the Mini, Minor, Major and Mega Jackpot prizes. Each prize has its own default value, and each rises the longer it has not been won.
You start the round by spinning the fortune wheel. Naturally, the pointer will land on one of the four progressive jackpot prizes, so you are guaranteed to win something.
Does the Size of Wagers Matter?
You will note that the jackpot prizes are not evenly dispersed on the wheel. If you are playing with a minimum bet, most of the segments will equate to the Mini and Minor prizes. Place large bets, and the number of Major Jackpot segments increases. The Mega Jackpot segment does not increase with your bets.
With this, it is fair to say that the size of your wagers really does affect your chances of winning more massive jackpot prizes. However, it is not correct to say that the amount you bet increases your chances of landing the bonus round. On the contrary, you are more likely to trigger the round the longer you stay in the game. The easiest way to stay in the race is to place cheap stakes. However, the drawback to this plan is that you will end up with smaller jackpot prizes featuring heavily on the wheel of fortune if you are lucky enough to trigger it.
What Can I Win on Mega Moolah?
The maximum amount ever won on Mega Moolah is in excess of $20 million. There have been over sixty-five millionaires made with the Mega Jackpot slot since it first debuted over a decade ago. As mentioned, the jackpot is seeded at $1 million, with the average Mega Jackpot win being worth over $7.5 million. The average timespan between wins is roughly eight weeks, but of course, this is just an average and by no means ensures that the jackpot will be won in that timeframe.
If you are looking for the pay rates of the smaller prizes, you are out of luck. As the Mini and Minor Jackpot prizes are won several times a day, there is no definitive record of their biggest ever payouts. However, the Mini, Minor and Major prizes have base values of $10, $100, and $10,000, respectively, so from there on out, they can only become more valuable to Canadian players.
Check out our recommended list of Mega Moolah Casinos.