Everyone dreams about the day they could become a big winner and every company dreams and strives toward being the biggest winner in its relative industry. In the world of gambling, some companies make big money providing players with the best in entertainment. You also have the player, taking time to relax and play a few games in the hopes of becoming the next jackpot winner, that would change their life forever.
Players and casino operators alike, have achieved some of the most lucrative wins in the world, but who is the actual winner in the industry? Is it the average joe betting $1 or $2 at a time watching the progressive jackpot or is it the company that weighs its risks for a return on its investment?
Biggest Jackpot Wins by Casino Players
While big wins can be far and few between there are some lucky players out there that have had life-changing wins simply by playing their favorite casino games. There are a few noteworthy wins that have happened last year alone. For example, one anonymous player from Sweden walked away with $22.2 Million playing the progressive Mega Moolah Slot at Lucky Casino.
Another recent win with Mega Moolah in October 2020, to the tune of approximately $5.5 Million, was won on by a lucky Kiwi player followed by this year’s winner, a Canadian gambler who took home $45,739. Mega Moolah was created by MicroGaming and seems to make the most noise when it comes to making new millionaires.
Looking back into the past years, the absolute number one winner on Mega Moolah of all times was a player at Grand Mondial Casino who walked away with just over $28.2 Million when playing the popular African themed slot machine at an online casino as well. When speaking about Mega Moolah winners there’s one name that has to be mentioned – Jon Heywood! In October 2015 the down-to-earth soldier made a fortune of 26.5 Million at Betway Casino from one single spin – an impressive achievement for this truly unprecedented lucky Canadian.
It all goes to show that times have changed and in order to become a big winner, players no longer have to walk through the doors of a casino and sit down to play on the crowded casino floor. A click on your mouse or tap on your phone is all it needs to change your net worth from zero to a few millions!
Bigger Operator Revenue in Comparison
When you adjust your perspective and look at the industry itself, you are sure to find that the figures are vastly different from individual wins at a casino. With reported results from June 2020, the online gambling market is booming and companies are raking in billions of dollars in revenue. The online gambling market is currently valued at $59 billion and is expected to double in the next three years. A far cry from the millions made playing slots when you have some time to yourself.
Casino operators like Wynn Resorts, International Game Technology (IGT), Genting, Bet365 and Galaxy Macau to name a few are some of the biggest players and hold top positions for brand value in the online gambling industry along with the casinos they operate. Wynn Resorts reported revenue of $6.6 billion and another example would be IGT coming in at nearly $4.8 billion in consolidated revenue. Even though much has happened in 2020 and the revenue of local casino establishment has dropped due to the circumstances, one can only imagine what the numbers will look like at the end of 2021, given that online gambling has become more popular than it ever has been.
So, Who Makes More Money?
While it’s easy to say that casinos and casino operators are the ones that take the first prize trophy when it comes to being the biggest winner if the financial figures are the only thing taken into account. With so much at stake when building partnerships, buying other companies, and a highly competitive industry, one could say that these companies get what they worked for.
Now, consider that an ordinary person can create an account with an online casino within minutes, sit down and place minimal bets for massive rewards while sipping tea in the kitchen. It gets you thinking about who the actual winners are here. Players are not working for the money earned, just having fun and can stop playing at any time.
Working for a billion dollars is great, but sitting on your couch playing your favourite online slot in your favorite t-shirt, betting $2 at a time and walking away with millions, does seem like the better option. These two worlds are far apart even though they are cogs in the same machine that makes up the online gambling market and paving the way to the future.