$11.8 million jackpot won in Las Vegas

A Las Vegas visitor has won a Megabucks jackpot valued at about $11.8 million.
The winner, identified only as Rodolfo T., hit the jackpot about 6:30 p.m. Tuesday at the Fremont in downtown Las Vegas. He made a max-bet wager on the IGT Megabucks Double 3X4X5X Pay game to win the prize.
“The Fremont has awarded many thousands of jackpots throughout its 60-year history in Las Vegas, but none quite like this,” said Vice President and General Manager of Fremont Jim Sullivan said in a email.“We’re incredibly excited to be a part of this amazing jackpot.”
IGT progressive jackpots typically offer a lump sum payment less than the actual jackpot or they can be paid out in annual installments over a number of years.
Megabucks resets at $10 million.