It was only a matter of time. The Mega Moolah jackpot only pays out about four times per year, but it’s never for anything less than a million bucks. Literally. Once the jackpot has been won, the total is reset to $1,000,000 so that, even if it’s won the next day again, the lucky player still earns a life-changing payout.
Microgaming enjoys the spotlight of a big win, and so they’re biding their time with the specific details, presumably for a big press release in the next few days.
Back in 2015, English soldier, Jon Heywood smashed all the records with an outstanding £13.2 million (around 21 million CAD) win on his computer. While this latest win is smaller than Jon’s jackpot, the result is the same: a life changed, forever.
What Makes Mega Moolah So Special?
The most incredible thing about Jon Heywood’s £13.2 million jackpot win is that he won it on a £0.25 stake – the minimum amount.
Progressive jackpots work by adding a small percentage of every single bet wagered to the total pot. Since tens of thousands of people are playing every single day, the jackpots quickly climb up to the millions. However, most progressive slots only allow you to win the jackpot if you bet the maximum amount; Mega Moolah is different.
Instead, your bet size is proportional to your odds of winning. Betting the 0.25 gives you half as much chance of winning as betting 0.5, or a 25% chance compared to 1.00 as so on. The maximum bet is 7.25. Jon’s win was lucky, of course, but slots are all about luck, and even small-ball players can win millions at Mega Moolah.