Microgaming pay-outs top €1 billion following latest Mega Moolah win
We have learned a little more information about the last Mega Moolah jackpot winner, who landed a prize of just over CA$20 million back on the 30th January 2019, the first winner of the Mega Moolah jackpot this year.
We know that the jackpot of CA$20 million was valued at around €13.3 million in Euros (£11.6 million in the Mega Moolah base currency of British pounds) and that the lucky winner, who so far remains anonymous, landed their cash prize playing at the very popular Zodiac Casino, which has an outstanding signing up offer where you can claim 80 Chances to Win a Million for just a £1, €1 or $1 deposit.
Microgaming have also confirmed some other exciting news about the win and about the total amount of money that the company have paid out in progressive jackpot prizes.
First up, January's winner was the third-largest jackpot amount ever claimed by a Mega Moolah progressive jackpot winner, behind just the previous win in September 2018 of €18.9 million and also behind Jonathon Heywood's win in October 2015, when he landed a £13.2 million prize.
But perhaps most excitingly of all, this latest win meant that this was the 68th Millionaire Microgaming have created across their network of progressive jackpot games and that this latest win pushed the amount awarded in progressive jackpot prizes to all its winners over the €1 billion mark.
The chief executive of Microgaming, John Coleman, was quick to recognise this benchmark by stating:
"What an astonishing milestone for Microgaming's progressive jackpot network.
"We are incredibly proud to see total payouts exceed the €1bn mark - congratulations to all the lucky Mega jackpot winners who have been part of this remarkable story.
"The network has been awarding life-changing wins since 1999, including thousands of five and six-figure sums, and we look forward to building on this remarkable success in the future with the development of even more innovative and rewarding game-play experiences for players."
His comments were echoed by Microgaming games publisher David Reynolds who added:
"Congratulations to Zodiac Casino and the lucky winner on this truly life-changing win, Mega Moolah has once again delivered an amazing payout following months of anticipation.
"It was remarkable to see the jackpot ticker rise at such a phenomenal rate in recent weeks and we are thrilled that this massive win has taken total payouts on the network beyond the €1bn mark."
How much is 1 billion Euros?
Given that you can play Mega Moolah in a number of different currencies across the globe, just how much have Microgaming given out in progressive jackpot prizes to all their customers since it released its first progressive game back in 1999? Well, using the 1 billion Euro threshold as out benchmark, we have translated that figure into different amounts for different currencies you can use playing the game:
1 billion Euro's equals (roughly at today's exchange rates):
- £875,643,996 in British Pounds
- CA$1,502,054,921 in Canadian Dollars
- NZ$1,675,453,848 in New Zealand Dollars
- BTC315,214 in Bitcoin
- Kr10,473,550,450 in Swedish Krona
- Rb74,266,072,490 in Russian Rubles
- Rp80,505,578,630 in Indian Rupees
In short, this means that the only currencies where jackpot payouts on the Microgaming progressive network of games have not already crashed through the Billion mark, are Bitcoin and British Pounds (and over the next few years, it is likely that eventually payouts in British Pounds will also reach that mark).
How many Microgaming progressives are part of the network?
Although not all released back in 1999, there are currently a total of 16 games that are part of the Microgaming Progressive Jackpot network.
Those 16 games can be seen on our Jackpot Games page, and are the following -
- Mega Moolah - slot
- Major Millions - slot
- Tunzamunni - slot
- Cyberstud Progressive - poker
- Wow Pot - slot
- Treasure Nile - slot
- Poker Ride - video poker
- Cash Splash - slot
- Fruit Fiesta - slot
- Roulette Royale - roulette
- Jackpot Deuces - video poker
- Caribbean Draw Progressive - poker
- Supa Jax - video poker
- King Cashalot - slot
- Lots A Loot - slot
- Triple Sevens - video poker
However, these are not the only games you can play to try and win some of Microgaming's progressive jackpot loot. For example, you can also play three other Mega Moolah game themes that are tied to the Mega Moolah progressive jackpot prize, Mega Moolah Isis, Mega Moolah Summertime and Mega Moolah 5-Reel Drive.
In addition, on some games there are different versions of the game available. On Major Millions and Wow Pot for example, there are both 3-reel and 5-reel versions of the game available, both offering you the same chance to win the progressive jackpot prize, just a different way of playing.
How have the progressive jackpot prizes paid out?
It's tempting to think that Microgaming have paid out the majority of their €1bn in prize money to the big jackpot winners, but in actual fact, the 68 millionaires the company has made since 1999 represent just a small percentage of the cash paid out by the company.
That's because in terms of a percentage of that billion-euro pay out, Microgaming have paid proportionally more of that money in lower progressive prizes.
For example, on the Mega Moolah slot there have been a much larger number of six-figure or five-figure winners of the Major Jackpot prize than there have the Mega Jackpot. Similarly, the Mini and Minor prizes are much smaller in value but are paid out many times across the course of a day and those wins, though smaller, do add up to a vast amount of money over the years.
Replicate that trend across other progressive jackpot games and you can quickly see why it is not just the millionaire winners, but also those that have won smaller amounts, that have made a significant winning contribution to the total prize money awarded.
As you can see, this is a huge milestone for Microgaming and also in the history of internet gaming and the most exciting thing is that there is still plenty more money to be won across Microgaming's selection of progressive jackpot games for many years to come yet.
Byline: This article was published by Mega Moolah expert Henry. Media and other enquiries.