Mega Moolah jackpot hits 11 million
It is amazing to think that despite paying out an incredible 20,058,463 prize in Canadian Dollars to a lucky jackpot winner back on January 30th 2019, the first winner of the year, that the Mega Moolah jackpot could be hitting the heights once again, but that is precisely the case as the jackpot has now crept well beyond the nice round figure of 10 million once again.
Given that the last two jackpot wins on the Mega Moolah slot have been two of the very biggest wins ever seen on any online slot game, let alone Mega Moolah, it is easy to think that progressive jackpot prizes that climb beyond the 10 million mark are ten-a-penny nowadays, but in actual fact, it is still a very rare event.
It took almost nine years since the release of Mega Moolah in December 2006, for the progressive jackpot to creep above the 10 million mark, which came back in October 2015 with Jon Heywood's then World Record setting win of £13,213,838 and 68 pence.
Back then, it was pondered whether we would ever see a jackpot of such size ever again and nobody expected what followed.
That's because incredibly, on the next three jackpot triggers following Mr Heywood's record-busting win, every single one saw a prize of over 10 million awarded.
The first came in June 2016, when Rawiri Pou from Matamata, New Zealand, landed a fantastic prize of NZ$10,144,395.
When the jackpot is won in New Zealand dollars, once the prize is exchanged to NZ Dollars from British Pounds, it usually leaves a healthy amount left in the prize pool to kick start the next jackpot. When this happens, the jackpot tends to rise a little more quickly, as with more funds available to be won, more players tend to play.
That was indeed what happened as in August 2016, the jackpot had once again climbed beyond the 10 million mark and even crashed through the $11 million mark before one player landed their win in Canadian Dollars of $11,610,563.
Again, with the jackpot being paid in Canadian Dollars, that made sure that there was still plenty in the prize fund once again and with the jackpot not being triggered soon after, and the buzz growing online after three 10 million plus wins on the Mega Moolah slot. It wasn't long before the jackpot had hit the 10 million mark once again and then incredibly it got just past the $11.6 million mark won by the last winner when it was tripped again.
In a somewhat unusual case of Déjà vu, this next winner also hailed from Canada and their prize of $11,633,898 was just over CA$23,000 more than the last Canadian winner from a couple of months previous.
At this point, it seemed like the Mega Moolah jackpot would likely hand out 10 million-plus prizes on a regular basis, but that wasn't the case as just ten days after the Canadian player's lucky win, one player landed a 5.6 million prize in Australian dollars.
If the period from October 2015 to November 2016 produced nothing but 10 million-plus jackpot prize winners, then the period from November 2016 to September 2018 was precisely the opposite. This period included 2017, the year which saw more Mega Jackpot triggers than any other and of course, with more jackpot triggers, this means that the jackpot could not grow as high as in previous prizes.
The net result was that in 2017, while we saw a couple of 8 million jackpots and one 9 million, the majority of jackpots were smaller and we did not see any 10 million-plus winners. That was also the case for the first three quarters of 2018, where we saw one 7.4 million and one 8.3 million winner up to September 2018.
However, from June 2018, the jackpot prize had grown substantially and by the 28th September 2018, it had risen to its largest ever amount of 18.9 million before being won in Euros by an as yet unnamed player.
Back then, you would have received long odds for the next jackpot prize on Mega Moolah surpassing that. That jackpot win of 18.9 million was over five million more than the next largest win and so it seemed unlikely that the next winner would be anything like as high.
However from that win in September 2018, the jackpot prize fund started to grow, slowly at first buy by the end of November and into December, a 10 million jackpot had been guaranteed. Once again slots players were playing Mega Moolah in the hope of being the next big 10 million winner, but throughout December the jackpot continued to rise, hitting 15 million on 1st January 2019.
By the 30th January the jackpot had far surpassed the previous record, hitting 20 million for the first time before it was won a short time later, although with the winner landing their 20 million prize in Canadian Dollars, the reset amount meant that another 10 million plus jackpot was very possible.
And that is precisely where we are at the present moment in time, with now a 11 million plus jackpot available to be won and lots and lots of slot fans trying their best to do precisely that.
Why does the Mega Moolah jackpot vary so greatly?
There are three key factors which determine why the jackpot on the Mega Moolah slot can vary so greatly from one win to the next and these are:
- The time between wins
The shorter the amount of time between jackpot triggers on Mega Moolah, then the less time there is for the jackpot to grow. This tends to result in smaller value wins.
- The jackpot reset amount following the award of the previous win
The currency in which the previous jackpot is won, along with the size of the win, has a huge factor in determining the likelihood of a big jackpot the next time around. If the jackpot winner lands their prize in British Pounds, then the jackpot resets to the seed amount of 1 million, if the jackpot is won in another 'strong' currency such as the Euro, then it resets back to a larger amount, but still it is relatively small.
However, for jackpots won in NZ or Canadian Dollars for example, once these are paid out of the prize fund (which is always held in British Pounds), then the amount left in the pot can be considerable and this means that the likelihood of a bigger jackpot once again the next time around is greater.
- The number of players and spins being played on the slot
There's no doubt that as the jackpot grows on Mega Moolah, this encourages more players to try their luck on the game, often playing more spins into the bargain too. A larger jackpot amount therefore tends to mean more spins on the game, which increases the speed at which the progressive jackpot will grow, which creates a virtuous circle for slot players, a larger jackpot which grows more quickly until it is won.
Add into this the random nature of a slot like Mega Moolah, which can see wins within a few hours of each other, or months and months apart, and you can see exactly why 10+ million jackpots are generally rare, but can happen in clusters.
The only question now remaining is how much further beyond 11 million will this current jackpot grow to?
Byline: This article was published by Mega Moolah expert Henry. Media and other enquiries.
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