It’s a question that many people ask themselves before they visit a casino: What is the payout if I win $1 million dollars? It might seem like an outlandish and unrealistic goal, but it could happen. And if you do manage to hit those lucky numbers on the roulette wheel, what would you be looking at as your potential payout?
Casinos are in the business of making money, so it’s no surprise that the payout for a huge win is significantly lower than the amount you would have originally bet. In fact, most casinos offer around a 40-percent payout on big wins. That means if you hit a million-dollar jackpot, you’d only walk away with $400,000. So while winning a million dollars at a casino is certainly possible, it’s not going to make you wealthy overnight.
Of course, there are some casinos that do offer bigger payouts on large wins. Nevada’s Wynn Casino offers a 50-percent payout on all jackpots over $25,000. But even then, you’re still looking at only walking away with $750,000 after hitting the million-dollar jackpot.
Tips: -Casinos are in the business of making money so it’s no surprise that the payout for a huge win is significantly lower than you would have originally bet. -Even then, you’d only walk away with $400,000 when you hit the million dollar jackpot at most casinos because they offer around 40% payouts on big wins. -If your goal is to make enormous cash from one lucky spin of the roulette wheel or roll of dice, think again! You’re likely going home empty handed and broke but there are some exceptions where certain casinos will give out more payouts like Wynn Casino which offers 50% payouts on all jackpots