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Spin Palace Awards US$4 Million Jackpot
Jason Ferguson
A player at the Spin Palace online slots casino won the largest jackpot of the year. The player won over US$4.1 million on the Mega Moolah Summertime progressive slots game. The player, whose name has not been released to the media, will accept the payment in one large lump sum, rather than in installments.
Progressive slots games, such as Mega Moolah, often generate large jackpots. A progressive slots game is one where a portion of each bet goes into a jackpot pool. As the games take more bets, the jackpot pool grows. A player who bets the maximum amount and hits the correct combination of symbols on the machine wins the jackpot.
Microgaming, Inc., one of the largest online casino software developers, created the Mega Moolah game. Roger Raatgever, Chief Executive Officer of Microgaming, said that he was “delighted” that a player has hit the Mega Moolah jackpot for the second time in sixteen months. In May 2009, a player hit a Mega Moolah jackpot for €6.37 million (US$8.1 million).
The Mega Moolah game is the four-tiered casino slot released by Microgaming. The online game has many of the features of land-based slot machines. Players on Mega Moolah can play up to five reels, twenty-five paylines and 125 coins on a single pull.
The popularity of the Mega Moolah game is expected to rise significantly after the announced payout. At last report, the new jackpot is well over US$1.6 million.






