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The largest casino wins on record
It’s difficult to pinpoint the biggest casino win of all time, as there have been many large jackpots won over the years, and some of them may not have been publicly reported. However, here are a few examples of some of the biggest casino wins on record, along with what happened to the winners:
- Mega Moolah Jackpot: In September 2018, a lucky player won a jackpot worth €18.9 million ($21.7 million USD) while playing the Mega Moolah slot machine at Grand Mondial Casino. The winner chose to remain anonymous, so it’s not clear what they did with their winnings.
- $39.7 Million Megabucks Jackpot: In 2003, a 25-year-old software engineer from Los Angeles named John Tippin won a massive $39.7 million jackpot while playing the Megabucks slot machine at the Excalibur Casino in Las Vegas. Tippin wrote a book about his experience called “I Did It! My Life After Megabucks,” in which he described how he spent his winnings on travel and investments.
- $21 Million Blackjack Win: In 1989, a man named Don Johnson won $6 million playing blackjack at the Tropicana Casino in Atlantic City. He then returned to the casino in 2011 and won an additional $5 million over the course of a few months. In 2012, he won another $4 million at the Borgata Casino, and then went on to win an additional $6 million at the Tropicana. Johnson’s winning streak was attributed to his skill as a blackjack player, as well as the favorable rules and betting limits offered by the casinos. He has not publicly disclosed what he did with his winnings.
Did a casino ever go out of business because some players won too much?
It’s possible for a casino to experience financial difficulties or even go out of business if a large number of players win large amounts of money over a short period of time. However, it’s important to note that most casinos have built-in safeguards and risk management strategies to help mitigate these types of losses.
While there have been cases where casinos have lost substantial amounts of money due to player wins, there is no known instance of a casino going out of business solely because some players won too much.
In fact, casinos are designed to have a mathematical edge over players, which means that in the long run, they are almost always profitable. While individual players may have winning streaks or lucky days, the odds are always in favor of the casino over time.
That being said, some casinos may choose to limit or ban certain players if they are seen as too successful or too skilled. This is known as “advantage play,” and it can include strategies such as card counting in blackjack or exploiting flaws in slot machines. While not illegal, casinos may view these techniques as a form of cheating and may take action to prevent them.