Mega Moolah jackpot breaks through the 17 million mark
It is fair to say that Mega Moolah Mania is sweeping the globe! We are now letting you know that the jackpot has reached a new milestone by topping £17 million - a turning point at which it was very likely a new World Record would be set with the next win.
I must admit, I thought the jackpot would go shortly after this given the number of people playing and the number of spins the slot is playing through at the moment. As the size of the prize increases, so does the number of players and spins being played on the game which of course, increases the value of the progressive jackpot prize still further.
However, this morning, after a couple of hours, the Mega Moolah jackpot crashed through the £17,000,000 barrier. A truly incredible amount of money.
This means that if the jackpot is won in British pounds, then it will absolutely smash Jon Heywood's current World Record online slot progressive jackpot pay-out. That win was set at £13,213,838 and at the time of the win in October 2015, it equated to around €17.2 million.
If the next winner lands their prize in UK pounds at around that £17,000,000 mark, then this will now equate to just over €19 million, smashing the previous record.
Note that the base currency of the Mega Moolah in British Pounds. But it can be won on a number of different currencies. The player always wins the jackpot in their own currency of play. This means that if the 17 million was won by a player from New Zealand for example, then they would win NZ$17 million - not £17 million. Only a player in the UK, or someone choosing to play in GBP, can win the amount in British Pounds.
Of course, the size of the jackpot has led to speculation as to why the Mega Moolah jackpot has grown so quickly in size. From March 2017 through to April 2018, the jackpot was triggered at least once in every month during that period and was triggered 13 times in 2017 in total.
Indeed, 2018 has also been a good year for jackpot wins with six confirmed wins so far, the last coming in June 2018.
So why is it that this jackpot has grown so quickly and why has it been so long since the last jackpot was triggered?
To answer that we need to understand how the Mega Moolah progressive jackpot works and how it is awarded and that is down to the nature of random chance.
Exploring the Mega Moolah progressive jackpot
Before we look at the nature of random number generation in the Mega Moolah progressive, let's first briefly recap how the Mega Moolah slot generates its progressive prize fund.
As experienced players will know, the Mega Moolah slot actually has four progressives, Mini, Minor, Major and Mega and it is the latter of these that is the largest (minimum prize will be at least £1,000,000 but can increase hugely beyond that).
To generate the funds to pay these progressive jackpots out, Mega Moolah uses your stake in a slightly different way to a standard slot. On a standard slot the stake you pay goes into the machine and is used to pay out winners, with any remaining on the slot not paid out being the casinos profit on that game.
In Mega Moolah, the majority of your stake is used to pay out winners on the standard Mega Moolah game, a smaller amount is then sliced off and used to fund the progressive jackpots in the game and then whatever remains, is the casinos profit from the slot.
This is why, with each spin of the Mega Moolah slot, you can see the size of the progressive jackpot increasing.
Now of course, over time as the progressive jackpot grows, this becomes more attractive to more slot players for a variety of reasons. This encourages more slot players to play the game more often and as such, the number of players playing the slot increases, as do the number of spins being played on the game in any typical day.
As this increase occurs, the progressive jackpot will rise more quickly as more spins and more players playing mean the jackpot size will increase more rapidly. This is why a Mega Moolah jackpot can start off low and stay at a smaller amount for a while, but when it reaches a more sizeable sum, the jackpot can rapidly increase in size in a shorter amount of time.
It is this which explains why the Mega Moolah progressive jackpot increases so rapidly when it reaches large sums of money. It is simply a combination of more players playing and more spins being played which accelerates the increase in jackpot size.
So, the question now remains, how is that jackpot eventually awarded and why is there such a discrepancy in the time between wins on occasion?
The nature of randomness
On any spin of the Mega Moolah slot, the outcome of that spin is decided by one piece of software, the Random Number Generator (RNG). This is the heart of the Mega Moolah slot and it is this code that decides the outcome of every spin on the game.
For the Mega Moolah slot, there are billions of potential outcomes for the reels. Some of these will result in wins in the base game (the majority lower value wins, but some will be larger wins), the majority of outcomes though will result in non-winning spins. A number of these possible outcomes on each spin will also then trigger the key to the Mega Moolah progressive jackpot, the Jackpot Bonus Game.
When you launch this game, you get a free spin of the Jackpot Bonus Wheel and this sets in motion another RNG. This RNG also has a huge number of potential wins (the Wheel you see on screen is just a rudimentary representation of the game, not an accurate portrayal of your chances of winning the jackpot).
The vast majority of these wins are for the Mini and Minor jackpot prizes, which are won on a daily basis. Some will see a lucky player land a Major Moolah jackpot prize, which is a sizeable sum of money in its own right, while just a few will see the Mega Moolah jackpot prize won and with it a life-changing sum of money.
However, the nature of randomness is that it is entirely random. That means on each and every spin, regardless of any other factor (such as the size of the jackpot, how many spins you have played, how much money you have spent, or how long it has been since the last jackpot was triggered), your chances of winning the Mega Moolah progressive jackpot are the same.
You can increase your chances of triggering the Jackpot Bonus Game by increasing the size of your bet on each spin, but this increase in chance is only small, relative to the number of potential outcomes you can get on any given spin.
As with any truly random event, this means a jackpot can be won at any time, regardless of all other factors and the nature of randomness is such that it means some truly unusual things can happen at times.
For example, prior to 2017, the largest number of wins on the Mega Moolah slot was six (in 2014). In 2017 though, the jackpot was triggered a massive 13 times. In 2018, although the jackpot has not been triggered since June 2018 at the time of writing, it had already been won six times in the year up until then.
Yet when the Mega Moolah slot first started, there was a 13-month gap between the second and third wins of the jackpot prize and in 2010, the jackpot was won just the once. Indeed the jackpot was triggered just once over a 20 month period from October 2009 to June 2011.
This shows that the random nature of the slot can see it go longer periods without triggering a win, but what should also happen is that there should be periods of time when the jackpot is won twice or more in relatively short periods of time, and that is precisely what has happened with the Mega Moolah slot.
In May 2013, the jackpot was won on the 3rd May and then won again just a week later on the 10th May, in June 2014, that gap between wins came down to six days when one player won on the 18th June and the next landed their jackpot prize on the 24th.
However, the landmark year for quick Mega Moolah wins was 2017. On the 22nd May that year, the jackpot was won at 13.11 (UTC) on that day and then it was triggered again just over five hours later at 18.26, the first time ever the jackpot had been won twice in one day.
A month later and incredibly the same thing happened again, one lucky winner landed their Mega Moolah jackpot win at 8.28 on the 19th June and then another player landed a top jackpot prize at 17.14.
Earlier this year, one player won their prize on the 19th April and just over 24-hours later another player landed a prize on the 20th April.
What this goes to show is that the nature of randomness is such that you will see times when the Mega Moolah jackpot is triggered quickly and other times when there will be a longer than usual pause between wins and at the moment, we are experiencing the latter more than the former.
That means fewer jackpots won, but larger individual prizes, whereas with more jackpot triggers, you get more winners, but smaller individual prizes.
However, the one massive positive is that whether you win the Mega Moolah jackpot when it is large or small, you are always guaranteed to win a life-changing amount of money.
So with the jackpot now crashing through the 17 million mark, why not see if you could be the lucky player to land that incredible prize, by having a few spins on the game today?
Byline: This article was published by Mega Moolah expert Henry. Media and other enquiries.