We got asked a question last week that was a lot closer to home than some of the recent times. In fact, you could say this question is land-based rather than being in the internet world. Do you know the Highest paying Australian pokie machines?
This question relates to land-based Aussie pokies and how much they pay, in fact, the question is what are the highest paying Australian pokie machines. Now this question is an interesting one because it could be taken in more ways than one. From this we mean we could be talking about which pokies pay out the most in jackpot, or we could be talking about which pokies pay out most often.
As a team we deliberated this question and the intentions of the person asking, in the end, we decided the question was related to the highest paying Australian pokie machines as a percentage rather than the jackpot; we will now answer this question.
Now there are many pokies out there and we are going from our own knowledge on the subject, which while being very knowledgeable does not encompass every pokie available.
Highest Paying Australian Pokies Machines
From our point of view, there are pokies that take the crown as the highest paying Australian pokie machines, these three pokies are all developed by Aristocrat pokies provider.
1. Queen of Nile
The first of the three is the Queen of the Nile pokie developed back in 1997; under the first name of Golden Pyramids. After some work the game was reinvented as the much-loved Queen of the Nile version; the version that pays out regularly. Whilst the jackpot may not be the most, the frequency of wins is the reason why it’s continued to be a big pokie.
It is the second of the pokie, another Aristocrat game established in 1999. This is a huge pokie that delivers 243 ways to win and also offers frequent payouts too. The jackpot on Indian Dreaming is larger than Queen of the Nile too.
3. Mega Moolah
Another one is Mega Moolah game also known as “The Millionaire Maker” among online casino players! Not only does it provide the BIGGEST jackpots online it also comes with a great and enjoyable theme. Look out for wild African animals lurking in the savanna; that are all cleverly combined with the action from Free Spins, Scatter and Wild rewards; and the randomly triggered Jackpot Bonus Game.
Other pokies with highest payouts
1. Hall of Gods – €6,084,758
NetEnt’s progressive pokies seem to have a penchant for paying out jaw-dropping prizes. One player managed to score a godly jackpot worth €6,084,758 in July after triggering the Hall of Gods Mega Jackpot, forever immortalizing himself as a Very Important Player.
2. Mega Fortune – €4,853,228
These pokies lately brought about an incredible €4,853,228 win for one Mega Fortune player – but there was more to come. It was reported that a player had twice struck a monumental win while playing NetEnt’s Mega Fortune. The pokie’s progressive jackpot showered the thrilled player with an unbelievable haul worth €4,187,576 – one of the largest to have been paid out.
One very lucky player also struck casino gold when playing the same progressive pokie the following month. The punter in question hit the pokie’s iconic Mega Jackpot on December 9, 2019, pocketing a hefty cash prize of €1,016,967. That’s the equivalent of nearly $15 million in local currency!
3. Millionaire Genie – $3,528,387
The Millionaire Genie pokie from Random Logic made a few players very happy to win. One punter, in particular, managed to land a whopping $3,528,387 prize when playing it at a relatively low stake. That’s definitely one way to make all your dreams come true.
4. Joker Millions – €3,109,781
Yggdrasil Gaming’s Joker Millions pokie is another game known for being generous to a fault. Lately, one of its fans managed to land its top progressive prize, pocketing the first jackpot for the game in the 22 weeks prior. Later, the same game made another player €3,040,869 richer.
How to find best payout pokies machine at online casino?
The online casinos offer payout percentages on their pokies machines ranging between 94%- 97%. A very common and incorrect assumption is that if, say, you deposit $200 at a casino with a 97% payout percentage, you will on average receive back $194, that being 97% of 200. Unfortunately, the payout percentage is the payout of the casino games and not the payout on the deposits the casino receives.
Suppose you play a pokies machine with a payout of 95%, You will lose at a rate of 5% of the money you wager and the casino will “pay out” 95%. That wagered money is in no way related to the deposited money in terms of casino payout. You can deposit $50 and wager $500, or you can deposit $1000 and wager $15. Your losses are based on your wagering and not on your deposits.
Wagering $3000 on this 95% pokies machine, the casino will hold $150 on average and “pay out” the remainder of your $200 deposit – $50. The casino is ultimately going to pay you just 25%, yet the game still had a “payout” of fully 95%. So in order to lose your deposit entirely on a particular game, you would simply need to wager an average of twenty times your deposit, $4000, and that still playing a machine with a fully 95% payout percentage.
How payout percentage works
So the payout percentage figures relate exclusively to the money a player wagers and do not relate in any shape or form to the money a player deposits. When a casino posts a payout percentage of 97% they’re saying that of all the money their players have collectively wagered, the games have collectively paid out 97% and held a 3% profit. If the casino has made a monthly profit of $100,000 from players wagering totaling $50,000,000, the casino games have “paid out” 99.8%, which is still a great payout figure.
But if you successfully locate a game with a payout of 99.99%, you can wager a lot at a relatively low cost. You could wager $100,000 at an average cost of only $10. With other casino bonuses, you can find yourself with a very attractive proposition indeed.
The payout also depends on the game you choose to play and the software of the game. Also, higher payouts are the machine’s credit denomination. Higher payouts are usually offered at the higher denominated pokies. One study showed that nickel machines at a certain casino averaged payouts of 92.5%, while quarter machines provided a 94.1% ratio. The rate of return on that casino’s dollar pokies was 95.9%, and the machines that featured a five-dollar minimum paid out at 98.4%.
Knowing this information can help a player decide not only what machine to play but also how much to wager. For example, if six spins are played per minute with a max bet of three credits, a player can expect to wager 1,080 credits per hour. When the payback percent on a machine is 95%, the player might expect to lose 0.05 x 1,080 = 54 credits. On a nickel machine, it would be $2.70. On a quarter machine, that’s $13.50. Also when playing a dollar machine, it works out to $54. The size of the player’s bankroll will determine which denomination is worth the risk.