A Nevada man’s wildest dreams came true on February 1st following his win at the MegaJackpot of $18,799,414 after investing a single penny. The prize is the largest penny slot jackpot ever won.

“On my way over to the casino this morning,” said the yet to be named 66-year-old man, “I actually thought about playing Penny Megabucks(R). I don’t know why because I normally play video poker. So after rolling several practice games, I went to have lunch and on the way back to the lanes, I stopped to play slots at Penny Megabucks(R).”

“I put in $100 and after playing $44, I saw 5 eagles line up and thought I had won about $3,000,” he added. “Then I looked up, and the large jackpot on top of the machine had switched from $18 million to $10 million. Then I knew I had won something big.”

When asked about what he plans to do with the money, the winner said that he will be paying off some bills before taking his wife on a long trip to Australia.

“It’s exciting to make history with this penny gry automaty,” said Ed Rogich, Vice President of Marketing for IGT, the developer of penny Megabucks(R) game. “Penny slots are enormously popular, and this huge jackpot proves that they have a place in gaming history.”

A Lawsuit was Filed Against Ledyard for Over Taxes on Slot Machines

According to the federal law the town of Ledyard has violations. That is why owners of the Foxwoods Resort Casino and New Jersey slot machines distributor is suing the town over property taxes levied on leased machines.

Since the collection of taxes in 2003 the alleges lawsuit of the federal Indian Gaming Regulatory Act “completely pre-empts state or municipal attempts to regulate, tax or otherwise control Indian
gaming, except as set forth in IGRA’s express provisions.” According to town tax assessor Paul Hopkins, while the Pequots are a federally recognized tribe, and their property is tax-exempt, the same rules do not apply to leased property such as slot machines.

Hopkings has said that the town has the right to tax Atlantic City Coin’s 500 machines because the reason is that the company is independently owned.

Atlantic City Coin’s slot machines valued at $430,701 in the 2005 grand list made this year the first to challenge the assessment. A grand total of $10,758.90 is the resulting property tax.

The tribe has tried to appeal the assessment with the town’s Board of Assessment Appeals in February but they were denied.

Bruce MacDonald, tribal spokesman has refused to comment on the matter. He just said, “We’ll let the matter play out in court and just not say anything at this point.”