If you are very very lucky, one of the simplest and cheapest ways to become a millionaire with little investment is through hitting a jackpot on a slot. Years of history have proven that it is absolutely true that a person can become even a billionaire by gambling with only a small amount of money. After all, if a person bets 100 million dollars, he can win 3.5 billion, although the chances of this happening are very low, it has happened. Besides, casinos set limits when betting on these machines and other games, precisely to avoid excessive loss in case a big-money bet wins, and also people who could make $100 million bets are not around, especially to invest in this kind of games. That’s why many slots have huge money jackpots.
Developed by Realtime Gaming (RTG), this slot comes in two different versions, including one specifically for Bovada Casino and another for all other RTG casinos. The Bovada version features the largest jackpot at $5.24 million. At the time of this writing, this is the biggest online slots jackpot available to US players. Continuing with the biggest online casino jackpot wins in 2020, the next one is worth $3,542,363. This jackpot was also won on the same day as the third). This $3.5 million win was also on a online. What Is the Biggest Online Slots Jackpot Ever? Mega Moolah (Microgaming) and Mega Fortune (NetEnt) have paid most of the largest prizes in online slots history. Mega Fortune set world records when it delivered €11,735,446 (approx. $13.3m) and €17,860,868 (approx. $19.5m) in 2011 and 2013, respectively. This $3.5 million win was also on a online slot machine, but this time, on a Mega Fortune Dream slot machine and the creator of this is NetEnt. Smaller Jackpot Wins from Online Casinos in 2020.
But now, does the same thing happen with online slots? Of course, nowadays there are plenty of online casinos on the Internet, that allow you to hit a jackpot.
Can A Person Become A Millionaire By Betting Only $1 On Slots?
Of course, whether it’s the slots in the casinos or even the online slots, there have been people who have become millionaires just by betting $1. It’s not something that happens often, but it’s possible. Here we will list the biggest online slots jackpots, and also provide important information to clarify some myths.
There have always been rumors that a person won millions by playing a slot machine, but they almost never say the name of the casino, the date or the type of slot. However, this is something that should be taken into account as it is important and that can help many people to choose another slot if they are looking for a jackpot.
The truth is that there are no statistics or any other method that allows you to get the big jackpot from a slot machine because in the end those who have won money playing this have been by pure luck. It’s not about going to the best land based casino or the best online casino site but about being lucky to become a millionaire with this kind of game. To win that jackpot you just need luck, it sounds easy but it is not. What is important is that the online casino is fair and pay out the winnings.
Best Online Jackpot Slot
If you have time to go to Las Vegas to get to know the city and also to play in the casinos, especially in the slot machines, and you haven’t been able to do it, then you can choose a closer option from anywhere in the world. Many casinos offer slots online so that people from all over the world can participate and gamble in these games and have a tiny chance to win a big jackpot. However, there are many different slots to choose from, but here we will mention the ones that have given the biggest money jackpots in modern time.
Hall of Gods
At Unibet Casino, on February 8, 2012, one person had a great opportunity to win the great amount of $8,380,354. That’s right, over $8 million just for playing a slot machine online. The machine is known as the Hall of Gods and is a progressive slot machine from NetEnt, which in partnership with Unibet Casino awarded this great sum of money, being one of the biggest jackpots in history.
Arabian Nights
If you were surprised by the above sum, wait until you find out how much someone else won at the Paf Casino online on November 23rd of the same year. Playing on the Arabian Nights slot machine, a machine created by NetEnt, another person was lucky enough to win $9,406,278. However, this person knew well where to play slots online, but was equally lucky.
Mega Fortune
Following the list of best online slot machine prizes, in third place is the Mega Fortune machine, also from NetEnt, but in partnership with Betsson Casino, which gave another person the privilege of winning $12,783,377 on September 23, 2011. At the time, this was the largest prize ever won in an online slot machine.
Mega Fortune again
However, at the Paf Casino online two years later, on January 20, 2013, awarded a large jackpot of $19,455,251 to another person. It’s definitely worth looking for these slot machines to play on, and be lucky enough to get a sum of money equal to, greater than or similar to this one.
Mega Moolah
All of the above figures are amazing, but there has not yet been another online slot and other luck that exceeds the amount that rewarded Jonathan Heywood, the English winner of a sum of $19,474,688 through Betway. This happened on October 6th, 2015, and the figure in your local currency was £13,209,300. Although the difference with the previous prize is not so great, Jonathan went from being a simple employee playing a slot machine, to becoming a millionaire, in just 15 seconds. This young man changed his life, secured his future and perhaps several generations more, as long as he knew how to manage his money. As you can see, these are only 4 of the best jackpots in online slots, so it is possible to become a millionaire in a matter of seconds by playing on one of these machines. But bear in mind that it’s just a matter of luck. Maybe online slots don’t give a feeling of excitement compared to face-to-face slots, after all, it’s not the same to be in front of a computer as it is to be in front of a machine surrounded by people betting everywhere. But it’s still an option that can make you a millionaire just bypassing the time. It doesn’t matter if you don’t have to bet much, if you manage to win you will surely recover your investment and maybe become a millionaire.
But remember, online gambling is highly addictive – gamble responsible.
Online slots jackpots have grown immensely within the past decade. In fact, 11 jackpots have paid over $10 million in the last decade.
These prizes may not compare to the largest Powerball and Mega Millions jackpots. However, they’ve definitely made gamblers filthy rich.
As big as online slots jackpots are today, they’re about to get much bigger. One gaming developer plans to launch a $50 million jackpot within the coming months.
I’ll discuss this upcoming prize below along with how it’ll smash the records set by previous internet slots jackpots. I must add, though, that I’m not sure if this payout will truly materialize.
What Is the Biggest Online Slots Jackpot Ever?
Mega Moolah (Microgaming) and Mega Fortune (NetEnt) have paid most of the largest prizes in online slots history.
Mega Fortune set world records when it delivered €11,735,446 (approx. $13.3m) and €17,860,868 (approx. $19.5m) in 2011 and 2013, respectively.
Mega Moolah has taken the reigns within the past few years, though. It awarded record payouts of $20,057,734 and €18,915,872 (approx. $21 million) in 2019 and 2018, respectively.
The $21 million prize from September 2018 currently holds the Guinness World Record for being the biggest online slots jackpot of all time.
Hacksaw Gaming Announces Upcoming $50 Million Jackpot
Hacksaw Gaming is a developer that just recently came onto the scene. However, they’re already looking to make a big splash with a series of massive jackpots.
They’re going to roll out a line of “insured” jackpots that feature payouts worth between $5 million and $50 million. These prizes will also be listed in equivalent euro and pound amounts.
Every huge online slots jackpot available today is of the progressive variety. They take small amounts from each bet to fund the prize and need time to grow.
Hacksaw’s insured prizes will always be offered at a constant value (e.g. $25 million). This aspect guarantees that you can play for a huge payout right away.
“With our new concept, operators can rely on having huge, exciting jackpots on offer without having to wait for the progressive jackpot to build up,” said Marcus Cordes, COO of Hacksaw. “It also enables smaller operators to offer the same huge prizes as the Tier 1s, levelling the playing field.”
Hacksaw’s plan involves launching My Lucky Number with a $25 million jackpot. This game is scheduled to come out somewhere around the middle of 2020.
From here, the developer will launch a flurry of other big jackpot games. Play online slots for free. $5 million, $10 million, and $50 million prizes are all on the agenda.
A Record Setting Online Slots Jackpot
Earlier, I covered how Mega Moolah currently holds the record for the biggest-ever internet slots prize at $21 million. It could be on its way to offering another such prize when considering that its “Mega Jackpot” is worth $11 million at the time of this post.
However, the $21m record could be a distant memory if Hacksaw’s plan goes off without a hitch. The proposed $50m jackpot would break the current mark by a wide margin at $29 million.
Even the second-largest jackpot in Hacksaw’s proposal would be a record-setter. At $25m, it would top Mega Moolah’s mark by around $4 million.
![Jackpot Jackpot](https://i.ytimg.com/vi/SbH8mtJzmVU/maxresdefault.jpg)
What Is Hacksaw Gaming?
Hacksaw Gaming definitely isn’t the biggest name in online gambling. One reason for this is that they’ve only been around since September 2018.
They gained a foothold in the industry by producing online scratch cards. Hacksaw has been successful in this endeavor so far.
One year after opening, they produced their first online slot in Stick ‘Em. This game, which revolves around a marshmallow mafia member, brought a totally new theme to the industry.
They’ve produced one other internet slot in Om Nom. A 4×4 slot based on desserts, Om Nom gained praise for its simple, yet unique, style.
Can Hacksaw Really Pull Off a $50m Jackpot?
Biggest Slot Jackpot Ever
Hacksaw has had a very successful start. However, I’m skeptical on their plan to offer the biggest slots jackpots known to man.
At the time of this post, they haven’t even been around for two years. Already, they’ve proposed slots prizes that would easily crush any payout that’s been offered so far.
Neither Om Nom nor Stick ‘Em features a top payout that’s anything notable. Their next upcoming slot, My Lucky Number, will allegedly leap onto the scene with a $25 million jackpot.
I’m not accusing Hacksaw of lying about what they intend to do. They’ve proven to be a reputable developer so far with their online slots and two dozen scratch cards.
Rather, I just think that this is an overly ambitious plan when considering the current records. I must see these massive prizes to believe them.
Most likely, Hacksaw Gaming has secured large outside investments and/or big loans to help them offer these jackpots. They’re assuredly not announcing $25m and $50m prizes based on air.
Again, though, I want to see these jackpots before automatically believing that slots prizes will reach astronomical heights in less than a year’s time.
Will Hacksaw Encourage Other Slots Providers to Up Their Jackpot Game?
Microgaming and NetEnt have had no trouble offering big slots payouts in the past. Playtech and Yggdrasil Gaming have delivered massive prizes too.
However, none of these providers hold a candle to the upcoming Hacksaw insured jackpots. I wonder if the latter will kick-start an arms race to feature bigger and better top prizes.
Microgaming is best positioned to challenge Hacksaw’s $25m and $50m payouts. They currently seed Mega Moolah at $1 million, but they could increase the seed to $5m or $10m and encourage faster-growing jackpots.
Bovada Casino, which uses proprietary software, also features a large jackpot through Shopping Spree (currently $4.56m). They could conceivably offer bigger payouts when considering their large share of the US market.
GTECH has built a large jackpot through Aladdin’s Lamp €5 that’s worth over $4 million. They might be a dark horse contender for the future slots jackpot record.
Playtech, Yggdrasil, Realtime Gaming (RTG), Blueprint Gaming, and NetEnt are other possibilities that could factor in.
Biggest Online Slot Jackpots Slots
Of course, the idea that developers will suddenly began offering bigger jackpots just because of Hacksaw is pure speculation. But I wouldn’t be surprised to see at least 2-3 of these software providers make an attempt to compete with Hacksaw.
Should You Play for These Record Setting Prizes When They Launch?
Assuming these giant online slots jackpots become available as planned, they figure to cause hysteria among the gaming community. As for whether you should join in this frenzy depends on your personal preferences.
If you’re somebody who dreams of getting rich through slots, then you can best accomplish your dreams through these upcoming games. No slot machine—online or land-based—has ever paid out $50 million.
Only Megabucks, which is available in Nevada casinos, has delivered over $25 million. It currently holds the record for the biggest slots jackpot ever at $39.7 million (2003).
![Biggest slot jackpots youtube Biggest slot jackpots youtube](https://www.slotozilla.com/wp-content/uploads/sites/12001/Biggest-Wins-on-Slots-With-Progressive-Jackpot.png)
Therefore, Hacksaw Gaming’s slots will offer the largest prizes you can find at any casino. You should target these games above all if you have visions of mansions, Lamborghinis, and private islands.
Downsides to pursuing this prize include volatility and the odds. Regarding the latter, you’re almost assuredly not going to win $50m, $25m, or even $5m.
Of course, the dream is that you’ll defy the odds and win big. However, I wouldn’t count on it in this lifetime.
Any slot that offers even a $1 million jackpot will have serious volatility. Just imagine what kind of volatility you’ll deal with when a $25m or $50m prize is introduced.
Finally, you also need to worry about the taxes and potential payout structure if you do somehow win. Lumpsums for big gambling prizes usually only deliver 60% of the amount, while annuities (annual payouts) reduce the value of the prize when account for inflation.
Conclusion
Hacksaw Gaming is embarking on an insane plan to offer several insured slots payouts worth between $5 million and $50 million. The latter would smash the record for the biggest slots jackpot of all time.
I’m still skeptical on whether these prizes will launch as planned. After all, Hacksaw is proposing to more than double the largest online slots jackpot ever.
Nevertheless, I’ll be watching with vested interest if these games do roll out as planned. Based on Hacksaw’s solid reputation so far, I’m guessing that they will actually offer the $25m and/or $50m payouts at some point.