The Megabucks jackpot was introduced to the world of slot machines back in 1986. Developed by IGT, it comes with just three reels and a single payline. But wow… what a payout! A huge progressive jackpot of $10 million was recently hit in Nevada, the world’s first wide area progressive network, where the Megabucks machines are linked to form enormous jackpots. At $3 per spin, players at Megabucks machines across the Silver State can easily cause the jackpot to build into the $20 to $40 million range.
The odds of landing just one “Megabucks Eagle” symbol needed to claim that ridiculous reward stand at 1 in 368. Thus, finding three of the key symbols lined up perfectly on the reels requires beating odds of 1 in 49,836,032 or (1/368)3. With such astronomical odds against the player, years can go by without anybody winning the Megabucks jackpot. To get an idea of how unlikely a Over the course of nearly 10 years, only 14 Megabucks jackpots have ever been hit, which is why the story of Elmer Sherwin is so wildly unbelievable…
At the age of 76, the retired Sherwin landed a $4.6 million jackpot from Megabucks back in 1989. (The $10 million seed amount started in 2005.) That alone made Sherwin one of the gambling industry’s rarities, a slot player who overcame the odds to win what was the largest jackpot in Las Vegas history at the time.
But 16 years later, Sherwin etched his name into the pantheon of gambling gods by winning a second Megabucks jackpot, this time for a whopping $21.1 million. Let’s take a look at the true Las Vegas legend of Elmer Sherwin’s double dip on the Megabucks machine.
Read more about this amazing second win at source
