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Mega Moolah - £18M+ Progressive

Discussion in 'Slots Discussion' started by Nicola, Sep 27, 2018.

    Sep 27, 2018
  1. Nicola

    Nicola Casino Affiliate MM mm1 webmeister

    Occupation:
    Web Developer
    Location:
    Green Park, London
    [​IMG]

    I think this deserves it's own thread now as the Mega Moolah progressive jackpot from Microgaming has passed £18.6 million (€20.8 million) this morning.

    If the jackpot is won in GBP or EUR, the winner will go straight into the Guinness Book of Records as the largest jackpot payout on an online slot machine game. The current record is held by Jon Heywood from Crewe, England who won £13,213,838 (€17,879,645) in 2015.

    The jackpot has been rising by circa £110,000 a day and is likely to go very soon. With pay day tomorrow and higher play, will this jackpot finally go?
     
  2. Sep 27, 2018
  3. Steviedoo

    Steviedoo Senior Member

    Occupation:
    Writer
    Location:
    South
    i will be signing up to a reputable casino and playing 50 cent bets on my mobile....

    i will have fulfilled the criteria for winning the mega moolah....
     
  4. Sep 27, 2018
  5. nikantw

    nikantw Ueber Meister MM PABaccred

    Occupation:
    A bit of this and that
    Location:
    EU
    Just to clarify first, for anybody that may not know, that if you win this you get exactly the amount shown but in your own currency. So you get £18.6 million if you play in £ and €18.6 million if you play in €. If it is not won in £ the rest of the money stay in the pot.

    There was a period of a few months that the jackpot was won every 3-15 days! And now it is going over 20 mil soon!
    A long time ago I read that MG controls approximately when it will pay. Asked @trancemonkey but he missed the question.
    It makes sense to do it now, the tournament cancellation must have hurt a lot the download MG casinos IMHO.
     
  6. Sep 27, 2018
  7. Jd666

    Jd666 RiffRaff CAG mm4

    Occupation:
    Maggot Farmer
    Location:
    Republic Of West Yorkshire
    You also need to be sitting on the bog, only have 2 slices of bread left and 34p in your bank account.
    Oh.... and 8 kids.
    Dont forgot those or you can forget it :laugh:
     
  8. Sep 27, 2018
  9. dionysus

    dionysus can turn wine into water CAG MM

    Occupation:
    n/a
    Location:
    I'm a Canucklehead
    Well, it'll just to have to wait til Monday when I'm paid :D
     
  10. Sep 27, 2018
  11. mariafbb

    mariafbb Newbie member

    Location:
    HKI
    got a 10€ no deposit bonus and after playing a while got it to 180€ and realized that max cash out was 3x so I've started playing MM at 2.5€ bet ... went up to 1500€ and then down but did not get the wheel at all. not even at 5€ bet.....
     
  12. Sep 27, 2018
  13. VismundCygnus

    VismundCygnus Full Member

    Location:
    London
    Id like to hear Trance's thoughts on this too. It was won last year for about €4m and that was a big hullabaloo that it went that high before hitting. Could it be that it was reconfigured to build up higher, did companies pitch in to boost it or is it just RNG acting crazy?
     
  14. Sep 27, 2018
  15. funnymunny

    funnymunny Sometimes here, always 'away' webby

    Occupation:
    CEO
    Location:
    Isle of Man, Macau or Vegas
    Not answering on behalf of @trancemonkey, but I am able to confirm...

    You're absolutely right on the first bit (regarding currency and payout). The second part (about Microgaming controlling payout) however is incorrect.


    This isn't the RNG going crazy - this is the RNG doing what it's designed to do (hence slot paying-out at random intervals).


    Hope this helps.
     
    Last edited: Sep 27, 2018
    dunover and nikantw like this.
  16. Sep 27, 2018
  17. VismundCygnus

    VismundCygnus Full Member

    Location:
    London
    Thanks for that. However, its still very irregular behaviour from the slot as its never been close to getting this high, or differing this much compared to previous hits. This is very unlike other jackpot slots. If you design a jackpot to hit after someone flips heads 10 times in a row you can expect it to happen after 1024 attempts on average, and likely within the region of 100-5000, not 100k...
     
  18. Sep 27, 2018
  19. funnymunny

    funnymunny Sometimes here, always 'away' webby

    Occupation:
    CEO
    Location:
    Isle of Man, Macau or Vegas

    I'm not sure how you're classifying 'never been close', but it's been hit for >10m 4 times before & a look at the previous winners does show a wide spread of timescales between wins, and win values. (See You must register/login in order to see the link.).
     
    nikantw and dionysus like this.
  20. Sep 27, 2018
  21. gerilege

    gerilege Meister Member PABnorogue PABrogue

    Occupation:
    IT
    Location:
    Hungary
    The payout is not 18.6 million for all currencies. If there is a significant difference in exchange rate, a significantly different amount is displayed. To make it more concrete, one unit of my currency worth about 1/275 USD. The jackpot amount displayed in my currency is about 200 times more than 18.6 million. Maybe someone from the Nordics can add another data point.
     
  22. Sep 27, 2018
  23. funnymunny

    funnymunny Sometimes here, always 'away' webby

    Occupation:
    CEO
    Location:
    Isle of Man, Macau or Vegas
    Exchange rates don't matter (hence there being no currency symbol alongside the jackpot counters. See Nicola / OP above)...

    The payout is made in the currency you wager is made, not the currency of the country you play in. If you wager in USD, you will win the jackpot value in USD. If you wager in Hungarian Forint, you will win the jackpot in Hungarian Forint.

    (You say there is a display difference - can you please add a screenshot to show this).
     
    Betreels Casino likes this.
  24. Sep 27, 2018
  25. Betreels Casino

    Betreels Casino Online Gaming Affiliate Manager

    Occupation:
    Operations Manager Betreels.com
    Location:
    UK and Gibraltar Licensed
    Wonder if someone from Sweden will win it or is that just for NetEnt Jackpots :D
     
  26. Sep 27, 2018
  27. gerilege

    gerilege Meister Member PABnorogue PABrogue

    Occupation:
    IT
    Location:
    Hungary
    I am quite certain that the jackpot would need to be paid out as displayed. This is one of the two government regulated online casinos here. The jackpot is about 3,7 billion HUF. There is no way in the EU that a casino would pay out 18m EUR for a player in the EUR zone and 60k EUR (18m HUF) for a player in Hungary.


    Mega Moolah - £18M+ Progressive: Screen Shot 2018-09-27 at 10.19.30.jpg,Sep 27, 2018

    Edit: the minimum bet for the game is 50 HUF (about 0,17 EUR), not sure if that makes any difference.
     
    Last edited: Sep 27, 2018
  28. Sep 27, 2018
  29. trancemonkey

    trancemonkey Meister Member

    Occupation:
    Games Producer
    Location:
    United Kingdom
    Let's assume they have a 5% progressive - and they want it to pay an average of €5m. That value is 5% of €100m worth of play. So at 1 Euro play you would have a 1 in 100m chance of winning it on every spin. Of course, this chance would scale with your bet.

    For clarity, i have no idea what the % of the RTP is on the Mega Moolah progressive... the above figures are just as an example.

    So even if the average is €5m, it could definitely reach the levels it's at now.. in fact, it could quite conceivably go a lot higher. Statistically it probably won't, but theoretically it could.
     
  30. Sep 27, 2018
  31. nikantw

    nikantw Ueber Meister MM PABaccred

    Occupation:
    A bit of this and that
    Location:
    EU
    Mega Moolah - £18M+ Progressive: upload_2018-9-27_12-5-29.jpeg,Sep 27, 2018
     
    KasinoKing and dunover like this.
  32. Sep 27, 2018
  33. trancemonkey

    trancemonkey Meister Member

    Occupation:
    Games Producer
    Location:
    United Kingdom
    So to get an average of €5m with 8.8% it would be roughly 1 in 56m at 1€ stake (if my maths is right... someone correct me if i'm wrong!)

    Of course, that assumes that there is only one jackpot being funded - which there isn't on this game. So the amount going to the top prize will probably be more like 1.8%, which would make it around 1 in 277m at 1€ bet
     
    Betreels Casino likes this.
  34. Sep 27, 2018
  35. zreb

    zreb Experienced Member

    Location:
    currently in US
    There is also the jackpot seed to consider. I don't know if that's counted as part of the jackpot contribution or the base game return - but i'm guessing it's counted in the base game. At 1 million, it would be pretty significant to ignore.

    I also wouldn't be surprised if a larger fraction of the jackpot contribution went to the main pot since it's their flagship jackpot but I could be wrong, just speculating.
     
  36. Sep 27, 2018
  37. funnymunny

    funnymunny Sometimes here, always 'away' webby

    Occupation:
    CEO
    Location:
    Isle of Man, Macau or Vegas
    Thanks.

    As previously mentioned, the currency played is the currency paid, so no conversion is required. The jackpot being displayed in the game is what you would win.

    According to today's exchange rate (from XE.com (You must register/login in order to see the link.)) the jackpot you've shown equates to ~£10.2m GBP, so are there differences in what is offered in Hungary (perhaps because of local Regulation, or taxes)? Or there's an error in your pic.

    In order to answer any doubts about the jackpot size and difference between what we're seeing and what is displayed in the pic you've posted, can you post a pic of the game itself? (Ideally the same as the one Nicola posted and started this thread with. (You've posted a screen-grab from a web-page, so it could be there's an error on that page, a static jackpot value has been entered, the jackpot feed is slow, or a made-up feed has been used)).
     
    Last edited: Sep 27, 2018
  38. Sep 27, 2018
  39. Betreels Casino

    Betreels Casino Online Gaming Affiliate Manager

    Occupation:
    Operations Manager Betreels.com
    Location:
    UK and Gibraltar Licensed
    I stand corrected, but the jackpot will be paid in your currency of play. The reason for that is because you are only contributing to the JP in your currency, i.e. considerably less than a player playing in pounds or euros. If it is paid out in a lower denomination currency, the balance (difference) is returned to the pool. That's how I understand it to work.
     

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