Does progressive count toward meters on Firelink?

[verus]

Hi  , so I have an Alpha Pro 2 Firelink, I have it for awhile now and it always crosses my mind to to where does the MEGA (I think it's JP1 = $10k) goes to in the meter within the game?


So I got the MEGA last night, it forced me to clear out (because it's a jackpot limit) but when I go back to check the meter, it doesn't show the $10k jackpot under jackpot won. So I was wondering if it does added up to "Total Out" data?


Thanks guys. 

[jay]

I can't speak to this specific type of slot but progressives are normally considered marketing tools.
When the progressive is won the money is written off by the casino as a marketing cost, not as a win.


Classically 0.00125 of each dollar contributes to a progressive.
That's 1.25cents for every $10 pumped into the machine.
The machine does not register this - as the progressive is basically incremented by the closing of a circuit - and is completely separate from the rest of the accounting.
The casino can change the percentage contributed at will - but Nevada gaming law won't let a progressive be retired - it has to move to a different machine or paid out.
MGM once had a slot with a progressive and a 24/7 web cam on it. People lined around the block to try their luck  It had been accumulating for 25+ years.


On my personal slots I have bumped that up the contribution to 4% so I get 1c for every quarter (token) I put in.
- that way I know the progressive is working as I don't trust my own wiring. 


Atypically if the top award (replaced with a progressive amount) is normally 1199 coins (note they use coins vs any $$ denomination) the progressive jackpot (base amount) is started at $1199 (assuming a dollar machine). The 1199 would register on the meter as the win (coin out). If the base jackpot is greater than the max win on a slot, the casino would usually have this insured by a third party. Ie 100k on the progressive would be insured by Lloyds of London and cost around $250/mth for the insurance - the casino would then deduct this $250 as a marketing cost as well.


Why 1199 coins - first off coins vs $$ makes the slot glass universal vs the denomination. Secondly a win of $1200 requires the US based casino to issue a W2G form and enforce tax reporting and for foreign folks (like us Canadians) a 25% withholding on the win.


In Canada neither Casino nor lottery wins are taxable under the argument that you played with after tax money, you get paid in after tax money.                                                                                                                                                                   

[jakah440]

In Canada neither Casino nor lottery wins are taxable under the argument that you played with after tax money, you get paid in after tax money.  

I like that argument!!!