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The top jackpot on most slot machines is around 1000 times the amount you bet. So, if you bet a penny per spin, the most you can win on most machines is around $10.00. If you bet a dollar a spin you could hit for $1000. Some machines pay a little more, but the higher the jackpot, the harder it is to hit.
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Gambler Hits $38.7M Slot Jackpot - CBS News The progressive Megabucks Jackpot is generally paid out in equal amounts over 25 years, although winners can negotiate other payoffs, Sorensen said. The system links dollar slot machines in 157 Nevada casinos. The previous record was about $34.9 million, won at the now-closed Desert Inn in Las Vegas on Jan. 26, 2000.