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The very first slot was a 3-reel machine called The Liberty Bell, made of cast iron that weighed over 100 pounds. It had five game icons, including diamonds, spades, hearts, horseshoes and a Liberty Bell. Three Bells triggered the games whopping jackpot of 10 nickels. 3. 27.6 Million Jackpot at Palace Station Hotel and Casino November 1998 A local resident of Las Vegas was rewarded with a 27.6 million jackpot following a Sunday trip to Palace Station. On November 15, 1998, an anonymous woman cashed in after spending 300 on a Megabucks slot machine.

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Progressive slots kick off with the jackpot set at whatever the initial amount will be. Then, as players continue to put coins into the machine, a small amount is taken from each spin and added to the jackpot, which continues to grow until someone finally wins. Then the jackpot is reset and starts growing again.

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