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Slots jackpots might get much bigger at some point if multi-state progressive jackpots are allowed.
The Nevada Gaming Commission has adopted new rules that might allow for slot machines to supply a shot at big multi-state jackpots, just like Powerball and other lotteries currently do. Slot machines in lots of different states can be linked and contribute to a progressive jackpot, which might potentially award the lucky winner a pay day of hundreds of thousands of bucks or more.
Slot machine makers IGT and Bally Technologies pushed for the brand new regulations, hoping to up the ante on popular progressive slots similar to Megabucks and Blazing 7s by pooling jackpots across multiple states comparable to Nevada, New Jersey, Pennsylvania, and other popular gambling hotspots across the U.S.
Dan Reaser (an attorney representing IGT and Bally) had the next to mention in regards to the initiative: "THIS CAN allow a Harrah’s property in Mississippi that’s offering Megabucks to connect with Harrah’s properties in Nevada that experience Megabucks and offer a bigger prize pool. You probably have more people playing more machines, the prize meter goes up faster,"
The linked progressive jackpots may also include tribal casino and other smaller casinos, as big slot makers have ties to multiple casinos around the U.S. and machines in place in most major casinos. Slots pull within the most financial for casinos but huge jackpots are much rarer than with lotteries, as few slot progressives currently exceed the $1 million mark.
While the Nevada Gaming Commission has approved the idea, other states would have to enact their very own regulations to make multi-state slots jackpots a reality. Other games similar to keno may additionally be included if states can figure out technicalities equivalent to oversight for the linked jackpots and taxation issues so far as if a winner's tax rate on winnings depends upon the state they're playing from, etc.
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