Mega Moolah jackpot prize has eclipsed 20 million for the first time
It seems scarcely believable that we are now looking at a £20 million Mega Moolah progressive jackpot and a new world record win, but that is precisely the situation we find ourselves in as the jackpot has been growing quickly - at around 200,000 per day!
This is the largest amount of money that has ever been generated by the Mega Moolah progressive jackpot fund and is already a million more than the €18.9 million jackpot that was triggered by one lucky player back in September 2018.
Since that win, the Mega Jackpot has continued to grow steadily and with no winners throughout the remainder of 2018, plus so far in January 2019, we now have the situation where the current World Record amount (held by Mega Moolah) for a payout from an online slot will be beaten.
Why hasn't the Mega Moolah jackpot been won yet?
A quick look back through the history of winners on the Mega Moolah jackpot reveals that since it was first released, there have been just shy of 50 big progressive jackpot winners. The number of winners each year has varied, from just one or two in some years, up to the record 13 jackpot winners that were landed back in 2017.
When you consider that in 2018, the jackpot was also won seven times (the second highest number of times the jackpot has been triggered in a calendar year), it is somewhat surprising that the jackpot has not been won since September 2018.
Some people like to believe that the game is designed not to pay out until a certain amount has been added to the prize fund by the game, or that the game designers can somehow decide who is going to win and where. That's nonsense.
The reason why the Mega Moolah jackpot has not been won since last September is simply no player has been lucky enough on any spin to land the Jackpot Bonus Wheel game and then trigger the Mega Jackpot win on their single spin of the wheel on that game. The reason for that is quite simply, the Mega Moolah's jackpot is triggered randomly providing equal chance for all players.
Of course, it has to be that way. If the jackpot was much easier to win, then there is no way it would be able to grow to the high amounts that it has done on the last two jackpot triggers.
The reason why the jackpot can be triggered with different amounts of time between each win is simply down to pure chance. In 2017 for example, the jackpot was triggered relatively frequently, but in other years, it has been triggered just once or twice. That is because the process to decide the jackpot winner is entirely random.
The nature of randomness is that sometimes things will happen relatively frequently, other times, they may not happen for a much longer period. At the moment on Mega Moolah, players are experiencing a period when wins are fewer with more time in between.
It is worth noting of course that the opposite can happen. We have seen winners that have been five days apart, one that was just 24 hours apart and on May 22, 2017, we saw two winners landed of the Mega Moolah progressive jackpot prize on the same day.
It is also worth noting that just because the jackpot has reached a new record amount, there is no guarantee that a win is imminent. Sure, there's a greater chance of someone landing the top prize simply because more people are playing more spins on the slot each day, but there is no guarantee that anyone will land it any time soon.
That leaves us with the enticing prospect that the current 20 million jackpot amount could increase still further and with no limit on what the jackpot could climb to, who knows how high the prize could be when one player does eventually trigger the Mega progressive jackpot.
Is there any way to increase my chances of winning the jackpot?
Yes, there are two ways to increase your chances of winning the jackpot, although if you are looking for a 'cheat sheet' or a way to try and trick the game, then you are out of luck as there are only two simple ways you can improve your chances of striking it lucky on Mega Moolah.
The first is somewhat obvious and that is to play more spins. Every spin you play has a chance of being a winner, therefore the more spins you play, the more chances you have of landing the prize. The Mega Moolah autoplay function is a great helper too.
The other way to improve your chances of success is by betting more on each spin than the minimum bet (0.25). Your chances of triggering the Jackpot Bonus game increases proportionally based on how much you bet. So if you bet the max 6.25 per spin, instead of the minimum 0.25, then you naturally have more chances of landing the Jackpot Bonus Wheel on your spin.
Of course, playing more spins and paying a higher stake on each spin means these spins cost more money, so a good way to get some value spins is to sign up at a Mega Moolah casino offering a great deal which you can use on Mega Moolah.
Will the next jackpot winner be a guaranteed World Record holder?
No, there's no guarantee that the next jackpot winner will be a World Record holder, even though the jackpot has climbed as high as it has ever been and the reason for that is because the jackpot can be won in different currencies and the values of these currencies differs due to exchange rates.
For example, if a player won a prize of 20 million playing using Canadian or New Zealand Dollars, then while their prize would be the same 20 million, the value of that 20 million would be smaller than the jackpot win triggered last September of €18.9 million.
However, if the winner of the next jackpot were to land their prize in Euros, or better still, British Pounds, then the total value of that win would be more than the current World Record amount and they would indeed likely be the new World Record holder, once they have been ratified of course by the fact-checkers at Guinness.
How much is 20 Million in real terms?
Of course, 20 million in just about any currency is a huge amount of money and if the lucky winner chose to invest at least some of it wisely, they would never need to have any money worries ever again. Of course, we know the value of items you could buy with 20 million, so a rather affluent lifestyle is entirely possible for the lucky player.
However, it is still hard to grasp how much 20 million is in real terms, so let's put it another way. Let's say you won the jackpot prize of 20 million and you said to yourself that you would give yourself a budget of 1,000 in your winning currency to spend each day.
If you spent the full 1,000 each day of your budget, then it would take you nearly 55 years to spend your way through 20 million. It truly is a staggering amount of money and I did not even calculate interest. 20 million in a bank could probably earn you at least one million per year in interest alone. Of course you wouldn't leave all you cash in the bank and would rather create a diversified portfolio that includes things like stocks, gold and bitcoin too.
How much is the 20 million in other currencies?
The way the jackpot is calculated is that there is a group of base currencies which all hold a multiplier of 1x. Therefore the jackpot of 20 million is 20 million in e.g. the UK and 20 million in New Zealand as well. The base currencies are CAD, CHF, EUR, GBP, NZD, and USD. Secondary currencies all have a different multiplier, for example the NOK and SEK jackpots have a multiplier of 10x meaning the 20 million jackpot is 200 million in NOK or SEK. In RUB the multiplier is 40x, which means a player in Russia would win 800,000,000 RUB. In Japan it is 100x, meaning the jackpot in Japanese yen would be 2 billion yen. These multipliers can change as currencies go up and down.
With the jackpot still climbing, there's every chance that pile of cash can increase in size over the next few days. Somebody though will have to win it at some point, could that next lucky Mega Moolah jackpot winner be you?
Byline: This article was published by Mega Moolah expert Henry. Media and other enquiries.
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