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Wheel of Fortune Ripe for $13 M Jackpot

By: Adam Baker, Wednesday July 30th 2008
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If the Beach Life online slots game at Vegas Red online casino was news last week for hitting the $3.5 million progressive jackpot mark then this week's news is mega news. The $1 Wheel of Fortune slot machines in one Mississippi land casinos are ready to give a progressive jackpot of $13,069,833 million. Both online and land casino slots fans are waiting with bated breath to discover who the lucky player in the lucky casino will be.

The Wheel of Fortune has been developed by the International Game Technology based on the popular television show of the same name. It has a number of variants in both land based and online formats. The $1 land based Wheel of Fortune classifies as a MegaJackpot game. For the Wheel of Fortune jackpot to pay out the player has to place the maximum bet of $3 and line up all three winning symbols on the appropriate pay line. After the win is verified, the jackpot meter is reset at $800,000 ensuring that minimum prize if the jackpot is hit again immediately. Wheel of Fortune is one of 18 Mississippi MegaJackpots systems operated by IGT. The existing record for the $1 Wheel of Fortune in a land casino is $11.2 million paid out at the Golden Nugget in Las Vegas in 2004. The winner was a 65 year old retiree who wished to remain anonymous.

The record for any land based slot game jackpot is the over $39 million won on the $1 Megabucks slot game at the Excalibur Hotel & Casino in Las Vegas on 21 March 2003. The Wheel of Fortune is presently well below that mark. The next four top land casino jackpots are $13.8 million won on the $0.25 Jeopardy slots at the Casino Bilioxi in the Isle of Capri on 21 May 2003; $12.0 million won on the $1 Megabucks slots at the Thunder Valley Station Casino on 17 July 2004; $11.2 million won on the $1 Wheel of Fortune slots at the Golden Nugget in Las Vegas on 12 May 2004 and $10.0 million won on the $0.05 Megabucks slots at Harrah's Marina in Atlantic City on 18 April 2005. Various variants of the Wheel of Fortune land based slots have registered 8 jackpot payouts between $0.9 million and $11.2 million.

Wheel of Fortune can be played on online casinos as well. WagerWorks, which is owned by IGT, has developed online slots versions of Wheel of Fortune. In the simple format it is 5 reel, 5 payline video slot game. The maximum bet is 45 coins per spin and the maximum jackpot is 50,000 coins. Wheel of Fortune Triple Action Frenzy is a 5 reel, 15 payline video slot game. The maximum bet is 75 coins per spin and the maximum jackpot is 1,000 coins.

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