Developed by Video Gaming Technologies (VGT), Mr. Money Bags centers on a flashy businessman who’s holding money bags. While this isn’t the most inventive theme, it does give you something toidentify Mr. Money Bags with.
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The symbols in this game hearken back to slots’ early days because you’ll see 7s, cherries, single BARs, double BARs, and triple BARs. The only unique symbol is the Mr. Money Bags icon, whichfeatures the cigar toting businessman.
Based on the generic symbols and single pay line, it feels like you’re playing an old slot machine. But we have to give credit to the artwork on the outside of the machine, which sells Mr. MoneyBags’ theme.
Regardless of the simplicity, this slot machine is really popular in Native American casinos in Oklahoma. Some of the different Oklahoma casinos where you can enjoy this game include the ChoctawCasino Resort in Durant, Downstream Casino Resort in Quapaw, Osage Casino in Sand Springs, River Spirit Casino in Tulsa, and Sugar Creek Casino in Hinton.
If you ever get a chance to play Mr. Money Bags in a casino, you’ll notice that it’s one of the most popular games available. In some cases, you’ll be waiting 20 to 30 minutes before you get yourchance on this machine.
One big reason why is because VGT linked Mr. Money Bags to a wide area progressive jackpot that’s available in Oklahoma casinos. This jackpot is seeded with $250,000 and grows with each betthat’s made at qualifying casinos in the Sooner State.
Other games linked to this jackpot include:
- 777 Bourbon Street
- Crazy Cherry
- Hot Red Ruby
- King of Coin
- Lucky Ducky
- Smooth as Silk
Another reason why Mr. Money Bags is popular is because it’s not your typical slot. Instead, it’s a hybrid between bingo and slots, which we’ll discuss next.
Also, however high the return is, it's still under 100%, so it remains a losing proposition.
Also, however high the return is, it's still under 100%, so it remains a losing proposition.
Yeah, the casino owner sort of likes it that way.Am I crazy or is it true, there is a greater chance of hitting this than a $.01 slot?
Of course it is true. Manufacturers always reward higher bets with better odds.
Do the math! If you improve the player advantage by a few percentage points, but you get them to bet twenty times as much, do you think that the machine makes more or less money per hour?
Also remember that $1200 on a single spin requires tax declaration, so unless you have losses to offset these you will owe money to the IRS.
I was just wondering about this myself the other day, thinking that you'd be filling out forms every 5 minutes on the high-dollar slots, which didn't make any sense to me. So I did a little research and the way I understand it from what I've read, and I could be mistaken, the $1,200 tax thing applies only if the odds on the win were greater than 100-to-1, which would mean that on $100 slots you would have to hit a single win of $10,000 before they slapped you with a W2G.
... the way I understand it from what I've read, and I could be mistaken, the $1,200 tax thing applies only if the odds on the win were greater than 100-to-1
You most certainly are WRONG there.