Mega Moolah Win Confirmed by Microgaming

September 09, 2010 | News Category: Slots

0 Comments

The recent Mega Moolah win has been confirmed by Microgaming, the online casino software provider that powers this incredible online casino progressive slot jackpot.

Microgaming has confirmed that the Mega Moolah online casino progressive jackpot was hit for $4.1 million, that is paid out in a single payment. The online casino software provider has not yet announced the name of the winner, or at least the winner’s online casino name, which is usually the name that is publicized in order to protect the privacy of the new millionaire.

The confirmation that the progressive slot jackpot was hit on August 29th 2010, also noted that the win took place at Spin Palace Casino. Many believed that the win had taken place at another online casino, however, Microgaming has announced that the player made their lucky spin at Spin Palace Casino.

The Microgaming CEO, Roger Raatgever, said: "I am delighted that the Mega Moolah progressive jackpot has been hit again and can confirm that it was won by a player on the Spin Palace Casino. At Microgaming we are very proud that unlike some other casino jackpots, Mega Moolah guarantees a single cash payout, in full, to the lucky winner, ensuring the player receives all of the publicized cash payout."

The jackpot of $4.1 million is the largest that has been paid to date this year, in 2010, and although they year is not yet over, it is unlikely that Mega Moolah will reach the same value before the year is out, although it is possible, since it grows in size the more that it is played, so the speed at which the jackpot grows is really in the hands of the players, and not the online casino software provider.

Although the current jackpot is not as much as the May 2009 win, it is certainly up there with the largest ever recorded online jackpot wins that are paid to the winners in a single payment. The win in May 2009 was for €6.3 million.

The Microgaming progressive slot jackpots are always paid out in the currency in which the game was played by the player. If the player played in Euros, they will get their winnings in Euros, and if the player played in the United Kingdom, they will get their payout in the GBP. The numbers remain the same; it is simply the currency that differs, which means that a player winning in dollars will be winning a little less than a player winning in Euros. Players should not, however be concerned about this, since the payout for Mega Moolah is so large to begin with.

Mega Moolah is currently at 1,589,742 and is constantly growing.