What are Progressive Jackpots? Players who love playing slot games know that slots are divided into two major categories- classic and jackpot games. A common question arises: what is the difference between these two games if both of them offer huge wins? Well, it is none but a Progressive Jackpot. The games that fall under this category are top-rated. But if you are a newbie gambler who does not know much about progressive jackpots, keep calm because we have got your back.
What are Progressive Jackpots?
In today’s guide, we will share all the details about progressive jackpots that you need to know before joining a new online casino. Are you excited to find out? If yes, then read on!
A Progressive Jackpot is one such bonus that keeps on increasing every time a gambler plays the slot. These slots take a tiny part of the money staked and add it to the bonus value. Thus, a lucky winner finally claims the jackpot, and one can never guess when the jackpot hits as it is decided by a Random Number Generator (RNG).
The progressive jackpot value is usually collected from several slots at a time. The best part is that if you play a slot provided in more than one new online casino, the jackpot amount gets bigger and gives a massive win. After the bonus is won, it is again reset from a starting value. Certain jackpot games have a reseed value of as high as $1 million.
Winning Mechanics in Progressive Jackpot
Now that you know what a progressive jackpot is, it’s time you understand the game mechanics. Read below to learn about the basic mechanics of progressive jackpots:
- Most slots allow only those players to win the jackpot who stake the maximum bet amount. Each you play the highest bet, you get a ticket. The more you keep betting high, the more tickets are added to your collection. If someday any ticket matches the spin algorithm, you are awarded the jackpot amount.
- There are no specific symbols that you need to hit for winning the jackpot. It is generated randomly and can be after any spin. However, there are high chances that you will be able to crack the bonus when you match five special icons of the game on the 15th payline. This rule might not hold for every slot. Hence, we highly recommend you check the slot regulations and reviews to know more about the jackpot-winning system.
- A few slots have a dedicated bonus round where the players are given a chance to win the jackpot by playing the bonus game right. Usually, there is a card game where one has to match four cards to unlock the reward.
- As we have said earlier, the progressive jackpot slots work on RNG (Random Number Generator). They randomly decide the subsequent outcome and also pick the bonuses.
- Certain jackpot games come with a deadline for the bonus to be cracked. These are called must-drop jackpots. As they have a deadline and surety, the gamblers are more attracted to these slots.
How Big Jackpot Bonuses Exist in the Gambling Market?
Progressive Jackpots can be massive, and they can keep on increasing if the bonus is unclaimed for long. Also, the size of the bonus depends on the availability of the slot. If you are playing a jackpot game offered in multiple new online casinos, then the prize will be pretty huge for the slot. This is because more players join the slot as and when the jackpot gets bigger.
A player won the biggest progressive jackpot in September 2018 on the Mega Moolah slot. He staked 75 cents and earned a whopping £22.3 million. The second biggest jackpot was again earned from the same slot in October 2015, where a player named Jon Heywood earned £21.1 million. He was also the one to make it to the Guinness World Record for winning the largest payout in casino games. However, the winning amount is more significant in the land-based casinos.
For example, a player once earned £39.7 million in a Las Vegas casino while playing Megabucks. Hence, as you can see, the Jackpot money can is indeed massive, and there are absolute chances that the jackpot can be even bigger than what is mentioned above.
You can find more information about the biggest Jackpot wins from our article; 17 Biggest Jackpot Wins
Types of Progressive Jackpots
There are different types of jackpots you can find in casino games. Read below to find out:
- Local Jackpots: These jackpots work under one casino and involve multiple slot machines from the same club. Usually, in an online casino, a local jackpot is based on five machines. Machines can be picked either based on the developer or any other category as per the casino’s liking.
- Standalone Jackpots: These jackpots are linked only to one game in a particular casino. This bonus is not dependent on any other slot. The winnings earned from this bonus can be smaller compared to the network or local jackpots.
- Network Jackpots: These are the highest payout jackpot slots. Here, the bonus is connected to multiple casinos, and hence, the jackpot money is much bigger than the other types. However, this reward unlocks once in a long time but pays high.
What are the Chances of Winning the Progressive Jackpot Sum?
Winning the top prize in a progressive jackpot is challenging because the chances are just millions to one. For example, the winning probability of the £22 million Mega Moolah jackpot is around 50 million to one, which is too little. As the odds are so bad, it all depends on the luck of the player. But, of course, a lucky gambler can grab the jackpot easily. But the good news is that when playing jackpot slots, you can easily win a high payout even if you cannot grasp the highest jackpot.
We hope this article has genuinely helped you to learn a lot about progressive jackpots. Our experts have covered every minute detail related to this bonus in the guide. However, remember that winning the jackpot depends both on your skills and luck. Hence, if it takes time, do not lose your patience.
Winning a vast network progressive jackpot can be a long journey. But meanwhile, you can try the local jackpots and grab some wins there. Even if you earn zero jackpot prizes, the games are still worth it because of their high payouts. There are hardly any slots that offer such incredible wins as these games. Therefore, if you haven’t tried playing progressive jackpot slot yet, do it soon. So, when will you try a jackpot game? Do share with us!