Million Dollar Slots

A Chance at Life-Changing Money

It has been said time and again that the life-blood, so to speak, of casinos is not based on their revenue from table games frequented by high-rollers but rather on that cash-churning lights and sounds box – the slot machine. In fact, the number of slots players at any given time will easily outnumber the total number of players of other casino gambling games both in real-world casinos and those online.

It is this advantage in popularity that allows casinos these days to offer million dollar slots games to the casino crowd. The opportunity presents a win-win situation for the casino owners and slots aficionados. From the casino’s standpoint, the cash flow from regular slots games is definitely enough to cover the million dollar jackpot. More than that, the million dollar prize offer is sure to attract an even bigger following; thus translating to millions more in revenue for the casinos.

Slot machine players on the other hand welcome the chance at such a huge winning sum especially in this day and age. The hope for a life-changing win is still the primary motivation for majority of players of slot machines. While the number of million dollar slots games is still limited, the demand for big prize slots is increasing, most noticeably among online slots websites.

Where the Big Bucks Are

Traditionally, slot machines were known to be low payout games geared towards the masses. The logic here is that most people will be hesitant to risk $10 for an all-or-nothing bet on the craps table, for instance. However, they will casually put out pennies and quarters for several quick pulls at the slots. Before they know it, they would have spent $10 or more already.

Nevertheless, slots players love the so-called “one-armed bandit” because it is fundamentally fun to play. It is simple, straightforward and downright entertaining compared to other casino games. Winning payouts in slots are more common than in other gambling games although they may not be as lucrative as a pot in a round of poker. Some slot machines have maximum payouts at several thousand dollars and these can be won only by hitting the big jackpot. Most wins in slots are worth only a few dollars but these are more than enough to get players to come back for more spins.

Million dollar slots are fairly new incarnations of the old slot games. These usually have more features, paylines and bonus games than their predecessors. Casinos are able to offer enormous prizes on million dollar slot games through two means – progressive jackpot slots and slot tournaments.

Progressive Jackpot Slots

Many casinos offer what is referred to as progressive jackpot slots, which work by linking many slot machines among many casinos across many states together. Each slot machine unit contributes a portion of the player’s bet to the jackpot on each play, thus building up a sizeable prize in the shortest amount of time. The first million dollar progressive slot game was won in 1987 in California to the tune of $4.9 million while the current record for the largest million dollar slot is in Las Vegas for $39 million, which was won in 2003.

Nowadays, million dollar slots with progressive jackpots are becoming more common place especially on the Internet with online slots players turning millionaires overnight quite literally. Note however that progressive slots games payout much less frequently than regular slots. Also, in order to qualify for the progressive jackpot prize, you must bet the maximum amount when you play.

Slot Tournaments

The other way that slots games turn into million dollar opportunities is via slot tournaments. These are organized events usually hosted by a casino where players qualify for the tournament and on the day of the contest itself, the player with the most winnings get the guaranteed million dollar prize.

Slot tournaments are less common than progressive jackpot slots and may require that you put out a larger investment in terms of both time and money. But for people who like the adrenaline-rush of being in a contest, slot tournaments are ideal opportunities.

Whichever you choose, slot tournaments or progressive jackpot slots, the chance of turning $1 into a million dollars is clearly there. It is expected that the demand for million dollar slots games will grow even more in the years to come as individuals and families line up for the chance to change their lives at the push of a button.

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