Hawaii woman wins $10.7m jackpot from Las Vegas slot machine

Megabucks jackpot in Nevada was hit at Westgate Las Vegas in March 2015 for $10.7 million. Vienna, Austria, Heundl came to the United States in November 1956 with her husband and only what they could carry in a suitcase. Megabucks jackpot appears to be awarded more often at the newer casinos, it's due to their being better attended — more people through these gambling halls means more people playing the machines. The more people who play the machines at any one location, the greater the chances the jackpot will be hit there. Megabucks and its ilk create are reluctant to sign the releases that allow their names and some information about them to be made public, worrying that strangers will appear on their doorsteps to pressure them for money. But from what Connie Fox of IGT has seen, the ones these people have the most to fear from are their nearest and dearest, the very kith and kin they were moved to telephone in the first blush of excitement over their astonishing good fortune. Connie has gotten to know a number of Megabucks winners over the years, and she has seen through the lens of their experiences with their loved ones how a large prize can shake up relationships and redefine the pecking order. A large win can and has in some cases changed the family dynamic, overnight making the fortunate slot player the de facto head of the family — that person suddenly finds everyone looking to him for everything. Now you’ve entered the tax threshold. You must fill out a W-2G form to report your winnings to the feds, but casinos aren’t obliged to take out withholdings. If you hit it really big, expect to pay up to 40 percent in income taxes. If you opt for a lump sum, you’ll have to deal with a hefty interest rate. That’ll leave you with 60 percent of your jackpot. He interviews them about why they’re in Las Vegas and how they plan to spend their winnings. Winners have to provide Coyle with a valid Social Security number to collect their winnings and a bank account number so the cash can be wired. International Game Technology (IGT). Considered Nevada’s state lottery, Megabucks is extremely popular and has created quite a few millionaires in its 19-year history. Thanks to excellent PR hype, Megabucks continues to spur hysteria every time the jackpot reaches ‘megabuck’ proportions. It is also a slot machine that generates an incredible amount of gossip and legends surrounding the game and its winners. Megabucks is part of the company’s MegaJackpot slot system that connects about 750 machines in 136 Nevada casinos to one primary jackpot that builds from the base jackpot amount. International Game Technology owns the Megabucks machines and the casino gets a cut of the money that each machine wins from the players. Unlike multi-state lotteries, this game does not cross state lines. IGT runs Megabucks jackpots in the states of California, New Jersey and Mississippi, as well as some Indian reservations. However, these don’t encompass as many venues as the Nevada edition and their jackpots are traditionally much smaller. Each state that offers Megabucks has a separate jackpot system with separate meters and winners. Las Vegas Sun, put it as ‘low’ as 1 in 17-million. It is certainly understandable why the betting surrounding Megabucks sometimes reaches hysteric proportions and has people crossing over the state line to have a shot at winning so many millions. They then have between sixty and ninety days to decide whether they want to take their money in annual installments over twenty-five years or a lump sum of 60% of the money. For a $35-million win, that would result in $21-million before taxes. IRS. They are subject to the maximum tax rate of nearly 40%, with state taxes also needed to be taken into account. Megabucks. Usually these stories center around the tragic fate of Megabucks winners – leading many to believe that winning the multi-million dollar jackpot will result in an untimely death. Cynthia Jay-Brennan. In 2000, Jay-Brennan, was the lucky winner of $34.9-million Megabucks jackpot, played in the Desert Inn Casino in Vegas. Only six weeks after her win, Jay-Brennan was tragically involved in an automobile crash. Her sister was killed instantly and she, herself, was left a quadriplegic. To date, none of these stories have come up as true.A rumor, which has not yet been dispelled, is one regarding the change in the Megabucks programming system. Some claim that IGT changed the programming of the system to make the jackpot hit less frequently but for more money.

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