Megabucks Jackpot Current
2021年4月17日Register here: http://gg.gg/p2o47
*Nevada Megabucks Current Jackpot
*Megabucks Slot Current Jackpot
*Wisconsin Megabucks Current JackpotWinning Numbers Saturday 03/06/202112
Megabucks by IGT Megabucks is a Dollar coin Slot Machine that must have 3 coins ($3.00) played to hit the jackpot. The jackpot is reset to $10,000,000.00 after a jackpot is hit. Current Megajackpot Totals Last Hit History of Jackpots Where to Play. Lottery results for the Wisconsin (WI) Megabucks and winning numbers for the last 10 draws. Always check with the official source for lottery numbers in a particular state. Lottery USA is an independent lottery results service and is neither endorsed, affiliated nor approved by any state, multi-state lottery operator or organization.281Next estimated jackpot is $2,100,000 Tri-State Megabucks PlusSM has Big Jackpots and Great Odds!
Disclaimer: Information found on this website is believed to be accurate. If you have questions about the winning numbers, contact the Lottery at (781) 848-7755 or visit your nearest Lottery agent or Lottery office for the official winning numbers.
*Jackpots start at $1,000,000!
*$30,000 second prize!
*Great overall odds of winning!
*Drawings every Wednesday and SaturdaySubscriptions
Don’t miss a single drawing! Just choose your 5 lucky numbers and one Megaball number or choose Easy Pick and let the Lottery computer pick your numbers for you. With a subscription, you are guaranteed to be a part of every single drawing! For more information, please visit the subscriptions page of our website.Ticket Sales and Draw TimeNevada Megabucks Current Jackpot
Megabucks Plus tickets can be purchased daily. The cut off time for ticket sales is 7:50 PM ET on the day of the draw. Drawings are held every Wednesday and Saturday at 7:59 PM ET. You can watch the Megabucks Plus drawings every Wednesday and Saturday by visiting the Tri-State Lotto Commission official drawing webcast.How to Win!
Match your numbers to those drawn by the Lottery to win cash prizes! Win by having any one of these nine combinations.MatchPrizeOddsJackpot1:4,496,388$30,0001:899,277.6$1,3001:24,979.9$1501:4,996$251:713.7$71:142.7$51:63$21:12.6$21:15.3
*Overall odds of winning a prize are 1 in 5.9.
*Prize amounts based on a $2 play.
*If there are multiple jackpot winners for a drawing, the Jackpot prize will be divided equally among jackpot winners.
*The Jackpot can be paid in a 30-year annuity for the approximate advertised jackpot amount (30 payments over 29 years) or in a one-lump-sum cash payment. Winners have 60 days from filing a claim to elect the CASH or ANNUITY option.Disclaimer:
The information contained on this page is for informational purposes only. All information is entered manually and is subject to error. The Maine State Lottery makes every effort to ensure the accuracy of this information but is not responsible for any errors contained on this page. In case of a discrepancy between the winning numbers listed on this page and the official winning numbers, the official results shall prevail. A winning ticket must be validated on the Maine State Lottery’s gaming system for final winner verification. Complete Megabucks Plus game information and prize claiming instructions are available from any Maine State Lottery retail agent or by email at MaineLottery@Maine.gov.
*Appendices
*Slots Analysis
*MiscellaneousIntroduction
This page investigates the odds of the progressive jackpot slot machine, Megabucks, including the average jackpot and breakeven point.
For now, let’s ignore the fact that a jackpot is paid by installments over 25 years and that the jackpot would be subject to income tax.
More chilli pokie machine for sale. I don’t know exactly how Megabucks is programmed. However, there is some information that is public knowledge. If we fit the pieces together, we can make a pretty good estimate of the point at which the return is 100%, known as the ’breakeven point.’ Here is what we do know:Megabucks Slot Current Jackpot
*According to John Robison, the probability of hitting the jackpot is 1 in 49,836,032. This figure comes from an article titled Megabucks closes in on record jackpot from the Las Vegas Sun, Dec. 24, 1999. That probability comes to (1/368)3, implying each reel has a 1 in 368 chance of stopping on the jackpot symbol.
*The Nevada Gaming Control Board indicates that the profit of Megabucks on both a percentage and dollar basis. The following is a summary for 1994 to 2009. Megabucks Win — 1994 to 2009YearWin ($)Win (%)200953,352,00010.43%200883,981,00011.85%200788,858,00012.72%2006100,923,00012.39%2005100,923,00012.39%200467,326,00010.54%200383,069,00010.41%200276,842,00011.98%200169,821,00011.50%200069,103,0009.75%199974,921,00012.28%1998134,943,00012.25%199766,166,00012.18%199657,619,00010.03%199565,223,00010.48%199446,760,0009.44%total1,239,830,00011.39%
The key piece of information from this table is that the overall profit of the game has been 11.39%. In other words, 88.61% is returned to the players.
*According to defunct source, starting in September 2005, Megabucks was reset to a jackpot of $10 million. Before that, the reset value was $7 million.
*According to a2zlasvegas.com, there have been 11 jackpots hit between September 2005 and the date of the last jackpot (Feb. 21, 2010). That same website shows a jackpot was hit on September 15, 2005. The number of days between then and the time of this writing is 1,619 days. We also see from that website that the total of the last 11 jackpots was $167,367,727. Of that, $110,000,000 was from the reset amounts and $57,367,727 was from the progressive contribution. We can estimate the number of times Megabucks was played during the 1619 day period by dividing the number of jackpots of 11 by the probability of winning: 11/(1/368)3Wisconsin Megabucks Current Jackpot = 548,196,352. Assuming each player bet the $3 required to win the jackpot, then a total of $1,644,589,056 was bet.
The portion of money returned to players in form of jackpots is thus $167,367,727/$1,644,589,056 = 10.18%. From the Nevada Gaming reports, we know a total of 88.61% is returned to players. That means that the portion returned to players in non-jackpots is 88.61% - 10.18% = 78.44% (The 0.01% apparent difference is due to rounding).
If there were no small wins, and no progressive contribution, then the return of the game would be $10 million/(3×(1/368)3) = 6.69%. As already shown, the total return from jackpots is 10.18%, leaving 3.49% coming from the jackpot meter. Here is a summary of where each $1 bet on Megabucks goes:
Bovada mobile poker app. Bovada this is a mobile version, we do everything for our regular customers. Bovada this is a mobile version, we do everything for our regular customers. WagerLab - The Friendly Sports Betting App. Log in directly to and you’ll be able to play mobile cash games and Zone Poker, as well as Jackpot Sit-and-Gos, using our industry-leading web app. Poker Software for Android. You can also play Bovada Poker on the go using your Android-based smartphone or tablet. Once again, no download is required to use our web app. The first thing we noticed about the mobile poker app at Bovada is that there is nothing to download. You can use your mobile browser to play their Texas Hold’em and Omaha cash games and tournaments. 10 hours ago Bovada Mobile Casino. Bovada mobile website also plays host to an online casino that features a complete suite of casino games. Ranging from the age-old game of poker to the modern 3D slots machine, Bovada mobile.Megabucks BreakdownItemCentsFixed wins78.44¢Meter reset6.69¢Progressive contribution3.49¢Profit11.39¢Total100.00¢
The average point at which the jackpot will hit is 10 million + [$3 × 0.0349 / (1/368)3] = $15,215,248. In 2006, when the jackpot was almost $16 million, IGT, Megabuck’s creator, purchased ads in the local media stating that the jackpot was ’overdue’ to hit. I’m quoted in a Las Vegas Sun article about it, titled ’Pennies ready to pop’. This would seem to indicate my $15.2 million figure is not far off.
If j is the jackpot at which the game becomes a fair bet, with a 100% return, then we can solve for j as follows:
1 = 0.7844 + j × (1/368)3/3
j × (1/368)3/3 = 1 - 0.7844
j = 3 × (1 - 0.7844) / (1/368)3
j = $32,238,319.
The probability of any given jackpot growing this big is 1.41%. At the current rate of play, a jackpot should get this big once every 29 years, on average.
At any given time the return can be estimated as 78.44% + 0.6689%×m, where m is the number in millions of the current jackpot. For example, at a jackpot of $15 million, the return would be 78.44% + 0.006689×15 = 88.47%.
Everything in this page should be taken as a ballpark estimate. Various factors could cause it to be off, including players not betting the full $3 and the fact that while 11 jackpots were hit in the study period, the expected number could be higher or lower.
It also bears repeating that the above does not factor in the annuity or taxes. Let’s look at what happens if we do consider those factors. For the time value of money, let’s use the return on long-term Treasury Bills. Megabucks jackpots are paid in a 25-year annuity. At the time of this writing a 20-year T-Bill paid 4.58% interest, and a 30-year one paid 4.74%. Let’s split the difference at 4.66%. Using some actuarial math I won’t get into, the value of the annuity is worth 61.07% of face value, based on that interest rate, and 25 annual installments, at the beginning of each year.
For taxes, let’s assume close to the expected jackpot of $15 million. Under 2010 income tax rates, assuming the winner is filing jointly, and all other income exactly equals deductions, the taxes due will be 30.05% for 2010. Assuming no change in the tax law, that will drop over time, because the tax brackets will be adjusted upward, but the winning payments won’t be. I tend to think the recent passage of health care will increase tax rates, especially on large incomes. Let’s just assume those factors cancel each other out, to keep it simple.
So to keep things in round numbers, the winner will keep 61% after the annuity, and 70% of that after taxes. So the jackpot winner will see about 61% × 70% = 42.7% of his winnings in current dollars. Factoring the annuity and taxes, the breakeven point becomes $75.5 million. The probability of any given jackpot growing that big is about 1 in 283,000, and will happen once every 114,000 years. Again, I’m making lots of assumptions, so these estimates should be considered very rough.
After publishing this article, a reader quoted a page at slot-machine-resource.com, which states that after the first installment is made, the player is given the option to get 60% of the rest immediately, or stick with the installment plan. Ligibet app download. Tax implications aside, which favor the annuity, the interest rate at which the two options are equal is 4.581%.External Links
*Megabucks Closes in on Record Jackpot from the Las Vegas Sun, Dec. 24, 1999.
*Nevada Gaming Control Board
*Slots Payout percentage, from Cassaon Casino.
*History of Megabucks Jackpots, from a2zlasvegas.com.
*Pennies Ready to Pop, from the Aug. 9, 2006 Las Vegas Sun.
*Megabucks, from slot-machine-resource.com.
Written by: Michael Shackleford
Register here: http://gg.gg/p2o47
https://diarynote.indered.space
*Nevada Megabucks Current Jackpot
*Megabucks Slot Current Jackpot
*Wisconsin Megabucks Current JackpotWinning Numbers Saturday 03/06/202112
Megabucks by IGT Megabucks is a Dollar coin Slot Machine that must have 3 coins ($3.00) played to hit the jackpot. The jackpot is reset to $10,000,000.00 after a jackpot is hit. Current Megajackpot Totals Last Hit History of Jackpots Where to Play. Lottery results for the Wisconsin (WI) Megabucks and winning numbers for the last 10 draws. Always check with the official source for lottery numbers in a particular state. Lottery USA is an independent lottery results service and is neither endorsed, affiliated nor approved by any state, multi-state lottery operator or organization.281Next estimated jackpot is $2,100,000 Tri-State Megabucks PlusSM has Big Jackpots and Great Odds!
Disclaimer: Information found on this website is believed to be accurate. If you have questions about the winning numbers, contact the Lottery at (781) 848-7755 or visit your nearest Lottery agent or Lottery office for the official winning numbers.
*Jackpots start at $1,000,000!
*$30,000 second prize!
*Great overall odds of winning!
*Drawings every Wednesday and SaturdaySubscriptions
Don’t miss a single drawing! Just choose your 5 lucky numbers and one Megaball number or choose Easy Pick and let the Lottery computer pick your numbers for you. With a subscription, you are guaranteed to be a part of every single drawing! For more information, please visit the subscriptions page of our website.Ticket Sales and Draw TimeNevada Megabucks Current Jackpot
Megabucks Plus tickets can be purchased daily. The cut off time for ticket sales is 7:50 PM ET on the day of the draw. Drawings are held every Wednesday and Saturday at 7:59 PM ET. You can watch the Megabucks Plus drawings every Wednesday and Saturday by visiting the Tri-State Lotto Commission official drawing webcast.How to Win!
Match your numbers to those drawn by the Lottery to win cash prizes! Win by having any one of these nine combinations.MatchPrizeOddsJackpot1:4,496,388$30,0001:899,277.6$1,3001:24,979.9$1501:4,996$251:713.7$71:142.7$51:63$21:12.6$21:15.3
*Overall odds of winning a prize are 1 in 5.9.
*Prize amounts based on a $2 play.
*If there are multiple jackpot winners for a drawing, the Jackpot prize will be divided equally among jackpot winners.
*The Jackpot can be paid in a 30-year annuity for the approximate advertised jackpot amount (30 payments over 29 years) or in a one-lump-sum cash payment. Winners have 60 days from filing a claim to elect the CASH or ANNUITY option.Disclaimer:
The information contained on this page is for informational purposes only. All information is entered manually and is subject to error. The Maine State Lottery makes every effort to ensure the accuracy of this information but is not responsible for any errors contained on this page. In case of a discrepancy between the winning numbers listed on this page and the official winning numbers, the official results shall prevail. A winning ticket must be validated on the Maine State Lottery’s gaming system for final winner verification. Complete Megabucks Plus game information and prize claiming instructions are available from any Maine State Lottery retail agent or by email at MaineLottery@Maine.gov.
*Appendices
*Slots Analysis
*MiscellaneousIntroduction
This page investigates the odds of the progressive jackpot slot machine, Megabucks, including the average jackpot and breakeven point.
For now, let’s ignore the fact that a jackpot is paid by installments over 25 years and that the jackpot would be subject to income tax.
More chilli pokie machine for sale. I don’t know exactly how Megabucks is programmed. However, there is some information that is public knowledge. If we fit the pieces together, we can make a pretty good estimate of the point at which the return is 100%, known as the ’breakeven point.’ Here is what we do know:Megabucks Slot Current Jackpot
*According to John Robison, the probability of hitting the jackpot is 1 in 49,836,032. This figure comes from an article titled Megabucks closes in on record jackpot from the Las Vegas Sun, Dec. 24, 1999. That probability comes to (1/368)3, implying each reel has a 1 in 368 chance of stopping on the jackpot symbol.
*The Nevada Gaming Control Board indicates that the profit of Megabucks on both a percentage and dollar basis. The following is a summary for 1994 to 2009. Megabucks Win — 1994 to 2009YearWin ($)Win (%)200953,352,00010.43%200883,981,00011.85%200788,858,00012.72%2006100,923,00012.39%2005100,923,00012.39%200467,326,00010.54%200383,069,00010.41%200276,842,00011.98%200169,821,00011.50%200069,103,0009.75%199974,921,00012.28%1998134,943,00012.25%199766,166,00012.18%199657,619,00010.03%199565,223,00010.48%199446,760,0009.44%total1,239,830,00011.39%
The key piece of information from this table is that the overall profit of the game has been 11.39%. In other words, 88.61% is returned to the players.
*According to defunct source, starting in September 2005, Megabucks was reset to a jackpot of $10 million. Before that, the reset value was $7 million.
*According to a2zlasvegas.com, there have been 11 jackpots hit between September 2005 and the date of the last jackpot (Feb. 21, 2010). That same website shows a jackpot was hit on September 15, 2005. The number of days between then and the time of this writing is 1,619 days. We also see from that website that the total of the last 11 jackpots was $167,367,727. Of that, $110,000,000 was from the reset amounts and $57,367,727 was from the progressive contribution. We can estimate the number of times Megabucks was played during the 1619 day period by dividing the number of jackpots of 11 by the probability of winning: 11/(1/368)3Wisconsin Megabucks Current Jackpot = 548,196,352. Assuming each player bet the $3 required to win the jackpot, then a total of $1,644,589,056 was bet.
The portion of money returned to players in form of jackpots is thus $167,367,727/$1,644,589,056 = 10.18%. From the Nevada Gaming reports, we know a total of 88.61% is returned to players. That means that the portion returned to players in non-jackpots is 88.61% - 10.18% = 78.44% (The 0.01% apparent difference is due to rounding).
If there were no small wins, and no progressive contribution, then the return of the game would be $10 million/(3×(1/368)3) = 6.69%. As already shown, the total return from jackpots is 10.18%, leaving 3.49% coming from the jackpot meter. Here is a summary of where each $1 bet on Megabucks goes:
Bovada mobile poker app. Bovada this is a mobile version, we do everything for our regular customers. Bovada this is a mobile version, we do everything for our regular customers. WagerLab - The Friendly Sports Betting App. Log in directly to and you’ll be able to play mobile cash games and Zone Poker, as well as Jackpot Sit-and-Gos, using our industry-leading web app. Poker Software for Android. You can also play Bovada Poker on the go using your Android-based smartphone or tablet. Once again, no download is required to use our web app. The first thing we noticed about the mobile poker app at Bovada is that there is nothing to download. You can use your mobile browser to play their Texas Hold’em and Omaha cash games and tournaments. 10 hours ago Bovada Mobile Casino. Bovada mobile website also plays host to an online casino that features a complete suite of casino games. Ranging from the age-old game of poker to the modern 3D slots machine, Bovada mobile.Megabucks BreakdownItemCentsFixed wins78.44¢Meter reset6.69¢Progressive contribution3.49¢Profit11.39¢Total100.00¢
The average point at which the jackpot will hit is 10 million + [$3 × 0.0349 / (1/368)3] = $15,215,248. In 2006, when the jackpot was almost $16 million, IGT, Megabuck’s creator, purchased ads in the local media stating that the jackpot was ’overdue’ to hit. I’m quoted in a Las Vegas Sun article about it, titled ’Pennies ready to pop’. This would seem to indicate my $15.2 million figure is not far off.
If j is the jackpot at which the game becomes a fair bet, with a 100% return, then we can solve for j as follows:
1 = 0.7844 + j × (1/368)3/3
j × (1/368)3/3 = 1 - 0.7844
j = 3 × (1 - 0.7844) / (1/368)3
j = $32,238,319.
The probability of any given jackpot growing this big is 1.41%. At the current rate of play, a jackpot should get this big once every 29 years, on average.
At any given time the return can be estimated as 78.44% + 0.6689%×m, where m is the number in millions of the current jackpot. For example, at a jackpot of $15 million, the return would be 78.44% + 0.006689×15 = 88.47%.
Everything in this page should be taken as a ballpark estimate. Various factors could cause it to be off, including players not betting the full $3 and the fact that while 11 jackpots were hit in the study period, the expected number could be higher or lower.
It also bears repeating that the above does not factor in the annuity or taxes. Let’s look at what happens if we do consider those factors. For the time value of money, let’s use the return on long-term Treasury Bills. Megabucks jackpots are paid in a 25-year annuity. At the time of this writing a 20-year T-Bill paid 4.58% interest, and a 30-year one paid 4.74%. Let’s split the difference at 4.66%. Using some actuarial math I won’t get into, the value of the annuity is worth 61.07% of face value, based on that interest rate, and 25 annual installments, at the beginning of each year.
For taxes, let’s assume close to the expected jackpot of $15 million. Under 2010 income tax rates, assuming the winner is filing jointly, and all other income exactly equals deductions, the taxes due will be 30.05% for 2010. Assuming no change in the tax law, that will drop over time, because the tax brackets will be adjusted upward, but the winning payments won’t be. I tend to think the recent passage of health care will increase tax rates, especially on large incomes. Let’s just assume those factors cancel each other out, to keep it simple.
So to keep things in round numbers, the winner will keep 61% after the annuity, and 70% of that after taxes. So the jackpot winner will see about 61% × 70% = 42.7% of his winnings in current dollars. Factoring the annuity and taxes, the breakeven point becomes $75.5 million. The probability of any given jackpot growing that big is about 1 in 283,000, and will happen once every 114,000 years. Again, I’m making lots of assumptions, so these estimates should be considered very rough.
After publishing this article, a reader quoted a page at slot-machine-resource.com, which states that after the first installment is made, the player is given the option to get 60% of the rest immediately, or stick with the installment plan. Ligibet app download. Tax implications aside, which favor the annuity, the interest rate at which the two options are equal is 4.581%.External Links
*Megabucks Closes in on Record Jackpot from the Las Vegas Sun, Dec. 24, 1999.
*Nevada Gaming Control Board
*Slots Payout percentage, from Cassaon Casino.
*History of Megabucks Jackpots, from a2zlasvegas.com.
*Pennies Ready to Pop, from the Aug. 9, 2006 Las Vegas Sun.
*Megabucks, from slot-machine-resource.com.
Written by: Michael Shackleford
Register here: http://gg.gg/p2o47
https://diarynote.indered.space
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