Luxor Las Vegas — In Luxor, slot denominations start from $0.01 up to $100. This is definitely a place to look for the loosest slots since the casino still owns some traditional “reel” machines. Slots of Vegas continues to provide a safe environment for online gaming. In fact, their network is one of the most secure in the online gaming world. By enabling 128-bit SSL encryption, Slots of Vegas is able to virtually eliminate the risk of you losing your sensitive information to cyberthieves.

What happens in Vegas stays in Vegas—unless you happen to win a huge cash payout while gambling. The odds that you’ll win $5.00 or $10.00 while playing the slot machines are quite good. The odds of hitting a multimillion-dollar jackpot at a Vegas casino—well, if you accomplish that, then we’ll be hitting the Vegas strip with you next time.

They may be rare, but mega-million jackpots in Vegas do happen. Most recently, in November 2014, a man turned $20.00 into $14.28 million when he hit the progressive jackpot playing a Megabucks slot machine at Rampart Casino. The Megabucks machine is linked to 157 casinos throughout Nevada.

If you’re hoping lightning strikes twice, you may want to visit the following casinos on your next trip to Las Vegas:

Top Las Vegas Payouts

5. Rampart Casino

The unidentified Vegas resident who won the cool $14.0 million at Rampart was visiting the casino with an out-of-town friend one day. The man played the Megabucks slot machine for all of five minutes before hitting the jackpot! The money, he said, would be donated to various charities and his church.

The 50,000-square-foot Rampart Casino¹ is located in the JW Marriott Las Vegas Resort & Spa. It boasts nearly 1,300 slots, video poker, and keno machines. The Summerlin Room High Limit area features games that range from $1.00 to $10.00 denominations and the 300-seat Bingo Room is conveniently located next to the Rampart Buffet. With 50 lush acres, JW Marriott Las Vegas is considered to be the first off-the-strip luxury resort in Las Vegas. The 548 guestrooms offer mountain, garden, city, or golf-course views, and are equipped with high-speed Internet access, rainfall showerheads, and jetted tubs.²

If that’s not enough, the JW Marriott has a day spa. Spa Aquae has 36 treatment rooms, an outdoor hydrotherapy circuit pool, a whirlpool, a steam room and sauna, a hot and cold plunge, and cascading waterfall showers. It also has a state-of-the-art fitness center and offers daily yoga sessions.³

4. Bally’s

Seventy-four-year-old Johanna Huendl was on her way to breakfast at Bally’s when she decided to take a seat at the Megabuck machine. She put in about $170.00 and won the jackpot. Initially she misread the machine and was overjoyed to see she would be taking home $2.0 million. But she was wrong; she won $22.62 million.⁴

Located on the Vegas strip, Bally’s Las Vegas features more than 2,800 extra-sized guestrooms (450 square feet each) and a number of penthouses ranging from 2,567 square feet to 3,425 square feet. Guests at Bally’s can also enjoy the 13,000-square-foot spa, salon, Olympic-sized pools with palm trees, private cabanas, and a whirlpool, fine dining, shows, and shopping.⁵ At 67,000 square feet, the casino at Bally’s has countless slot and video poker machines, more than 65 Las Vegas table games (casino blackjack, craps, roulette, baccarat, and pai gow), a poker room, a 24-hour Keno parlor, and a stadium-style race and sports book.

3. Palace Station

Did you know that one of the largest, progressive slot machine payouts in history happened at Palace Station? Back in 1998, a retired flight attendant fed $300.00 into a Megabucks machine and walked away with a staggering $27.5 million.

Located just a few minutes off Las Vegas Boulevard, Palace Station is known as the locals’ favorite place to stay and play! Palace Station has a 1,000-room hotel, fitness center, pool, and salon, along with bars, lounges, and fine dining.⁶

The Palace Station casino has more than 100,000 square feet of gaming space and the perfect mix of slots and table games.⁷ The casino has more than 1,600 slot/video poker machines, 45 table games (blackjack, pai gow poker, pai gow tiles, “Ultimate Texas Hold’em,” craps, roulette, and baccarat), a 307-seat bingo hall, a 20-seat keno lounge, and a 230-seat race and a sports book featuring 44 screens.

2. Wynn Las Vegas & Encore Resort

On January 26, 2000, Cynthia Jay-Brennan, a Las Vegas cocktail waitress, won $34.9 million after investing $27.00 on a Megabucks machine at the Desert Inn. Naturally, the casino set her up in one of its top suites and offered her champagne and caviar.⁸

Unfortunately, the Desert Inn suffered the fate of many of the older casinos in Las Vegas: it was imploded. Today, Wynn Las Vega and Encore Resort now sit on the land where Desert Inn once stood. If you’re superstitious, you might want to try the casino at Wynn or Encore.

Wynn Las Vegas is an iconic, curved high-rise on the Las Vegas Strip with 2,716 rooms ranging in size from 640 square feet to villas at 7,000 square feet. Together with the adjacent Encore Resort, the entire Wynn resort complex has a total of 4,750 rooms, making it the world’s sixth-largest hotel.⁹

Wynn Las Vegas has a 223,000-square-foot convention center, 76,000 square feet of retail space, a spa, a salon, a pool, and an 111,000-square-foot casino. If you like to golf, Wynn Resorts also has the only golf club on the Strip. The 18-hole, 7,193-yard, par-72 golf course was designed by world-famous architect Tom Fazio and resort owner Steve Wynn.

Encore Resort features a 2,034-room hotel that is ranked as one of the top 100 hotels in the world on the 2015 Gold List. Encore also has a 74,000-square-foot casino, 27,000 square feet of retail space, a spa and salon, five restaurants, seven bars, and a nightclub.

1. Excalibur

Back in March 2003, a 25-year-old software engineer from Las Angeles won $39.7 million after putting $100.00 in the Megabucks slot machine at Excalibur. The winner, who wished to remain anonymous, beat odds at the time of one in 16.7 million to take home the largest jackpot in Las Vegas history.¹⁰

Excalibur isn’t just a name—it’s a way of life. On the south end of the Las Vegas Strip, Excalibur is a Camelot-themed resort linked to neighbouring New York-New York and Tropicana resorts by overhead pedestrian bridges.¹¹

The hotel has 4,008 rooms, ranging from contemporary to guest suites. Amenities include shopping, four luxurious pools (including one for guests 18 years of age and older), a 13,000-square-foot spa, a fitness center, and, of course, the Canterbury Wedding Chapel.

The 100,000-square-foot gaming area consists of both table games and over 1,400 slot machines, including the ever-popular Megabucks progressive jackpot slot machine. The casino also has a poker room, keno, and pari-mutuel betting.¹²

So, what happens if lightning does happen to strike twice and you win big?

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In the United States, winnings of more than $1,200 from slots (or other forms of gambling, including poker, pari-mutuel, and sports betting) are considered taxable income and are subject to a 30% withholding tax. If you win $2,500 on the slots in Las Vegas, you’ll walk out with just $1,750. The IRS gets to keep the rest.

If you’ve been to Las Vegas and had 30% of your gambling winnings withheld by the IRS, Refund Management Services (RMS) can help you reclaim a portion or all of your taxable winnings.

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Sources:

1. “Where the Locals Play in Summerlin,” Rampart Casino at The Resort at Summerlin web site; https://www.theresortatsummerlin.com/gaming/index.php, last accessed May 1, 2015.

2. JW Marriott Las Vegas Resort & Spa web site; http://www.marriott.com/hotels/travel/lasjw-jw-marriott-las-vegas-resort-and-spa/, last accessed May 1, 2015.

3. Spa Aquae web site; http://spaaquaelv.com/, last accessed May 1, 2015.

4. “$22.6 Million Megabucks Hits at Bally’s Las Vegas,” IGT web site; http://www.igt.com/company-information/news-room/news-releases?NewsID=650269,
last accessed May 1, 2015.

5. Caesars web site; https://www.caesars.com/ballys-las-vegas, last accessed May 1, 2015.

6. Palace Station web site; https://palacestation.sclv.com/, last accessed May 1, 2015.

7. “Boarding Pass Players Club,” Palace Station web site; https://palacestation.sclv.com/Gaming.aspx, last accessed May 1, 2015.

8. Macy, R., “Woman plays $27, wins $34.9 million,” Las Vegas Sun web site, January 27, 2000; http://lasvegassun.com/news/2000/jan/27/woman-plays-27-wins-349-million/.

9. Wynn Las Vegas web site; http://wynnlasvegas.com/, last accessed May 1, 2015.

10. Norman, R.J., “Record jackpot claimed by Calif. engineer,” Las Vegas Sun web site, March 4, 2003; http://lasvegassun.com/news/2003/mar/24/record-jackpot-claimed-by-calif-engineer/?history.

11. Excalibur web site; http://www.excalibur.com/, last accessed May 1, 2015.

12. Excalibur casino web site; http://www.excalibur.com/casino/, last accessed May 1, 2015.

So who pays for those Volcanic eruptions? Pirate Battles? Carnival Parades? and Glittering Showrooms? Slot Machines. 60-65% of casino revenue is generated by those bell-ringing one armed bandits that seem to multiply on casino floors like rabbits. So how does the average player gain an advantage and possibly win? Well... aside from cheating (which we really don't suggest you get involved in) the only way to gain some sort of advantage is to choose your slots with utmost care and discrimination.

Slot machines in Las Vegas are required by law to payout 75% of the money that goes into them, actual payout in Las Vegas is approximately 95%. Will you be the one that takes the money instead of gives it? That is up to luck, but with a little investigation one can easily learn to identify which machines are more favorable to the player than others. Slot machines are all about the payout... Red White and Blue, Double Diamond, Dick Fucking Clark, Cherry whatever. At the end of the day what every slot player needs to do is look at the pay schedule on the machine they want to play. Very often the same machine one row over will pay 5,000 credits on 3rd credit jackpot while you're playing on a 2,000 3rd credit machine. Plain and simple you're cheating yourself.

Slot Spotlights

A few notable slot machines we here at VT have found more playable, or more interesting, than the other nonsense out there like Leprachaun's Gold or Tabasco Slots or whatever.

We like machines that have the best payouts on the lowest winning spins. These will keep you going longer between larger wins and not enact the ATM-In-Reverse principle seen at many of the larger joints (Venetian being the worst we've experienced).

100 or Nothing
Red, White and Blue
Slot Machine Jackpots Photo Gallery
Wheel of Fortune
Wild Cherry

Slot Machine Payback Percentages

Below are the slot payback percentages for Nevada's fiscal year beginning July 1, 2002 and ending June 30, 2003:

5¢ Slot Machines
The Strip - 90.32%
Downtown - 91.50%
Boulder Strip - 93.03%
N. Las Vegas - 92.97%
25¢ Slot Machines
The Strip - 92.59%
Downtown - 94.83%
Boulder Strip - 96.47%
N. Las Vegas - 96.63%
$1 Slot Machines
The Strip - 94.67%
Downtown - 95.35%
Boulder Strip - 96.48%
N. Las Vegas - 97.21%

$1 Megabucks Machines
The Strip - 89.12%
Downtown - 88.55%
Boulder Strip - 87.76%
N. Las Vegas - 89.41%
$5 Slot Machines
The Strip - 95.33%
Downtown - 95.61%
Boulder Strip - 96.53%
N. Las Vegas - 96.50%
All Slot Machines
The Strip - 93.85%
Downtown - 94.32%
Boulder Strip - 95.34%
N. Las Vegas - 95.32%

The Math of Casino Slot Machines

For every dollar you wager in a slot machine, you will lose 100% - Payback% of that dollar. For example, you're at Bellagio playing the $1 Double Diamond slot, wagering Two Credits ($2) per spin. According to the table, for every $2 spin you will lose 5.33% of that bet... just shy of 11¢. Granted these 11 cents don't get extracted instantly... this is computed over time. So if your bank roll limit is $10 it will take you, on average 52 spins before your bankroll is toast (under $1) and you are out of credits.

How was this number derived:

STAKE x (Payback Percentages) = STAKE x (Payback Percentages) = STAKE x (Payback Percentages) = ...
Repeat calculation until the number gets below the minimum bet - if you play long enough, you're gonna go broke. THAT is a FACT. Slot machines are entertaining, relaxing, require little thought beyond pressing a button. IF you want to truly GAMBLE, you might want to look into Video Poker, and eventually Blackjack as other options.

Granted, sometime in there you just might hit that $500 win on the Wheel of Fortune, or The Elvis progressive might shake rattle and roll $1000 your way... but the math inside the machine determines that you will in fact lose a certain percentage of your wager on each spin, and the more you spin... the more you will lose despite short runs of successful jackpots. If you find you are UP... leave. Every spin of a slot machine generates a random number that has NOTHING to do with previous numbers. SLOT MACHINES do NOT run in streaks (even if you might wish to think they do). Don't expect to get any of the money you put into a machine out of it unless you learn to press the CASH OUT button.

Gamblers Library

VT fully recommends the following books to help you decrease the house advantage on casino card games.

Slots Of Vegas Payout Times

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