Mega Moolah Progressive Crosses $6 MillionBy: Ryan Alders, Thursday April 9th 2009
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Online casino history is in the making. When Mega Moolah is eventually hit one lucky player will win for the first time a jackpot of over 6 million dollars. In these troubled financial times the value of that bonanza is significantly greater.
Several interesting questions come to mind. Microgaming, the developer of Mega Moolah, has many online casinos in Europe and there are more than thousands of players wagering in euros. So if one of them hit the jackpot they will win over 6 million euros. At the current rate of exchange that makes it almost 8 million dollars. And then there are players wagering in British pounds. If one of them hit the jackpot the payout will be over 6 million pounds. At the current rate of exchange that makes it almost 9 million dollars. So there is a lot riding on this progressive jackpot slot game right now.
The other interesting question is which Mega Moolah will hit. Because now there are two Mega Moolah online slots linked to the same progressive jackpot. The original Mega Moolah was released in November 2006. The slot game has the African Safari theme with symbols on the reels being animals one would find in Africa. There are 5 reels and 25 paylines with a maximum of 5 coins per payline. The coin denomination varies from $0.01 to $0.05. The new Mega Moolah, known as Mega Moolah 5 Reel Drive, was released in January 2009 and linked to the same jackpot. It has a road trip theme with the symbols on the reels being a number of different cars and the fast food you pick up while traveling by road. There are 5 reels and 15 paylines with a maximum of 20 coins per payline. The coin denomination varies from $0.01 to $0.05. If the jackpot is shortly hit on the 5 Reel Drive game then it would perhaps be the first instance of a slot paying in millions within a few months of being released.
Mega Moolah resets at a million dollars, so it will make someone a millionaire every time it is hit. The first hit on this progressive jackpot slot was in the latter half of 2007 when it paid out $4.3 million. The second hit came a year ago and it then paid out $5.6 million. The jackpot amount is increasing at $13,000 per day. If not hit it will cross $6.5 million in 40 days and $7.0 million in 80 days. Whether Mega Moolah hits or does not hit it will be in the news.
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