Oahu resident wins $10.8M at Las Vegas casino
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ASSOCIATED PRESS / JUNE 2014
This file photo shows the Wynn Las Vegas and Encore resorts in Las Vegas, both owned and operated by Wynn Resorts.
An Oahu resident hit a nearly $11 million jackpot on a penny slot machine over the weekend at Wynn Las Vegas, the Las Vegas Review-Journal reported today.
The woman was placing $3 wagers on an IGT Megabucks Wynn Wheel machine when the jackpot hit at about 9 p.m. Sunday, the paper said. The woman received $10,777,271.41, according to an IGT Jackpots tweet.
28 responses to “Oahu resident wins $10.8M at Las Vegas casino”
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Wow! Win at Wynn! Fantastic and congratulations! Now start hiding from all your newly acquired “families and friends”! 🙂
Newly acquired. No kidding. 🙂
Stay away from Hawaii. They’ll want their share to waste on politician’s pet projects.
Typical cynical advertisement from Vegas. I wonder why SA picks up this PR “news” release takes up space in their rag for it?
Let’s see now… after taxes, she may get 4 million. Not too shabby. 🙂
How do you place a $3 bet on penny slots? Insert six rolls of pennies?
Like you do with any other slot machines. Insert twenty dollars, press maximum bet , rubbed your lucky frog or what have you and pray!! 🙂
Penny slots is a trick. You need to feed it 300 pennies per try.
You can play any amount you want, even just a penny. But, you’ll win only a small amount. 300 pennies is usually max bet and can win the bigger jackpots. Up to you… I play 5-cents just to kill time.
You have a card loaded with money, insert the card in the lucky machine and place your bet. You can lose your money much quicker than the old way of inserting coins and pulling the handle. The old machines are much more fun.
Mom, please contact me. I was born as a twin but the nurses and doctor didn’t tell you two babies popped out and they gave me to another family. Please let me return to the family as the legitimate son you’ve never met. I have papers to prove it, I just have to pick them up from kinko’s. Love, your adoring son, Scammer.
Mahalo for the laughs.
LMAO, that was great.
SA should hire you!!! LOL
Win for the “ohana”! Hope they can keep and benefit from it!
Is this for real? Or another Las Vegas hype story? On a 1 cent / Penny machine?
ready2go, penny slots outnumber all other slots in Vegas. This machine will work on a penny, after depositing $1 bill to $20 or more. You can bet $.01 to maybe $5.00 on each pull. Higher bets get more options and more chances of winning big, like $10mil.
Most of the slots machines are now penny slots. The more you put in, the more you win. Lots of people won million dollar jackpots on penny machines. Usually, $3 is the max amount for the big jackpots. Sounds funny, but, just like putting in $3 on a dollar machine for a big jackpot. Anyway you look at it, $3 is $3.
AUNTY!!!
Aunty can borrow 20 bucks for gas and beer!
I wonder how many people will eventually find out her identity. It’s a small island after all. Seriously speaking, if I won that much I’d give a lot of it away to people more needy than myself. Of course I’d keep a lot of it too but if I was granted such luck I’d have to share it.
If Hawaii had legalized gambling, then the person would have saved the airfare, rental car, hotel, and food expenses. Also, the double tax, as taxes are taken out of the winnings in Las Vegas, AND Hawaii will get a portion of it, also. Lots of money could have been saved with legalized gambling in Hawaii.
Funds collected from legalized gambling could offset the high costs of street and sewer line repairs, and education expenses, also. It’s ridiculous for Hawaii to not have some form of legalized gambling, whether it be casinos, machines, scratch cards, nor lottery.
Congratulations, Aunty. We’ll be there next month.
IRT RetiredWorking response; Thank you. I haven’t been to Las Vegas for about 8 years so I’m not current as to the type of gambling slot machines people play. Though I did read that these “penny machines” @ $2 or more average a pull, are the biggest slot machine money makers for the casino owners.
Take the entire amount and put it into an investment account. Form a foundation with your name on it to protect it from taxes. Put in about 40% or whatever the tax advisor suggests and deduct that amount from your casino check. Dole out money to public projects that qualify after advice from a tax attorney, CPA, or investment advisor. School air conditioners is a good first project. Can do a few good things with $4M. Might even help the rail or buy bonds to help pay for it. If you don’t have an investment account do get one started. There’s Vanguard, Merril Lynch, Schwab, etc. Go with a BIG company and not one of those one-man schmuck scam artists. Howard Hughes owed hundreds of millions in taxes but fooled the IRS. He created a medical foundation in his name. Smart.
OK, now tell us about the people who come home broke.
Ok, as a frequent vegas visitor, let me explain. Penny slots are the most popular and biggest income draw for casinos. Penny means the lowest amount that can be bet $.01, like nickel machines is $.05, quarter machines $.25, dollar is $1, five dollar is $5. Max bet for pennies is usually $3 or $4 per spin. Higher bets will result in bigger jackpots if the spin wins. Any single jackpot $1200 or higher (not multiple adding to $1200) results in having to sign federal W-2 form (based on social security number) for income declaration in your home state, not in vegas, not double taxed. Megabucks is considered a progressive slot machine, meaning multiple machines in multiple states are linked together, thereby increasing the available jackpot. Whenever megabucks hits, it reverts back to starting point of $10M. Progressive slot winners have option of taking annual payment for 25 years or reduced lump sum amount. $10.7M at 25 years is $428K/yr, lump sum would be $6.955M. Both options would then be subject to taxation; $428K = $256K net, $6.955 = $4.173M net. Any questions? Good luck everyone.
Some people get all the luck, and first timer; while most of us continue to hope, take a chance, last spin and prey, for a jackpot! Beside; the action and excitement; must see the shows and the many variety of food. The solgan WHAT HAPPENS IN VEGAS STAYS IN VEGAS