The Resorts Atlantic City and the Atlantic City Hilton Casino Resort is hosting a winner-takes-all slots tournament with a $1 million jackpot. The qualifying rounds began this week and will continue until November 25th, the day of the grand finale at the Hilton.

As explained by Phil Juliano, Regional Senior Vice President of Marketing for Resorts and the Hilton, the winner will have to choose between a 25-year annuity worth a million dollars or an immediate cash payment of $500,000.

Hundreds of players have already entered the contest. “I am feeling very lucky”, one of the punters said. “I think I have a real chance to win. It is a great thing that not only poker but also slots are offering big money”.