Busting Vegas Myths: Megabucks will be a big hit on the casino's opening night

Published on: December 11, 2023 at 08:12 pm.

Last updated on: December 12, 2023, 10:58 pm.

When Fontainebleau opens its doors to the public at midnight on Thursday, many gamblers, perhaps wearing their lucky jackets, will head straight to the nearest free Megabucks slot machine. Once seated, they will pull his arm because of an urban legend that they have been dragging their legs for 34 years.

Megapack slot — To win the Megabucks jackpot, players must make the maximum possible bet in the tournament. Next, the three Megabucks symbols should appear. (Photo: victoriana.com)

Elmer Sherwin was a 76-year-old retired World War II veteran who turned $100 into a $4.6 million megabucks jackpot at The Mirage on November 22, 1989. That was the opening night of the famous casino resort, which explains the origin of one of the most… Fame casinos. Perennial gambling legends in Las Vegas that Megabucks jackpots are more likely to be won on a casino’s opening night.

This is because it is beneficial for the casino, since the eyes of the world are already on its properties.

Seven months after The Mirage opened, you couldn’t get near the Megabucks machines during Excalibur’s opening weekend. The story was the same during every subsequent casino opening in Vegas.

Elmer Sherwin has created the persistent myth that Megabucks jackpots are more likely to be won on a casino’s opening night. (Image: Facebook)

“Naked bucks.”

Megabucks was created in March 1986 by slot machine manufacturer International Game Technology (IGT) as a way to claw back some of the business Nevada casinos were losing to state lotteries. These promised millions of dollars in prizes, and the racetracks offered big bets. It was the world’s first wide-area progressive slot machine system.

When someone makes a Megabucks round, a small portion of the bet is placed into a jackpot that can be won by anyone, on any device, at any time. The longer the period between prizes, the higher the amount.

Mega Ball****

Casinos have no control over which of the three Megabucks symbols are clicked into place on the slot machine. This is determined by a random number generator.

Because this sequence is completely randomly generated, each of the approximately 750 Megabucks machines located in Nevada’s 136 on-line casinos has the same odds of winning the jackpot.

all. bachelor. time.

Although these odds were never public knowledge, they are certainly long.

But science, technology and logic are not the things that deter Megabucks believers. Most will tell you there’s more to it than that. The guide that most people will point to, again, is Elmer Sherwin.

Sixteen years after hitting the nearly impossible Megabucks jackpot at The Mirage, Sherwin has hit it big last One, At the age of 92, at the Cannery Casino in downtown Las Vegas.

This is like being struck by lightning while sitting on your living room sofa without a cloud in the sky.” said Anthony Lucas, a professor of casino management at UNLV Casino.org Last year when we debunked another myth about Megabucks.

Sherwin used the extra $21.1 million to travel around the world the year he left.

Oh, and this It wasn’t Opening night of the cannery. They have already been working for two years.

Further proof that logic wins

Since the Sherwin Mirage hit the jackpot, 46 more casinos have opened in Las Vegas. Fontainebleau will be the 47th. To date, no one has generated a Megabucks jackpot on opening night.

But try explaining that to anyone waiting for a Megabucks slot at midnight Thursday wearing their lucky sweaters.

Look for “Vegas Legends Busted” every Monday Casino.org. To read previously debunked Vegas Myths, visit VegasMythsBusted.com. Do you have a suggestion for a Vegas legend that needs busting? Email corey@casino.org.