Progressive jackpots are immensely popular with online casino players due to the enormity of the cash pool
that is generated, often resulting in a life-changing payout – we’re talking millions of dollars – when won.
Progressive games feature jackpots that continuously increase as the games are wagered on. These jackpots can be linked across different slot machines, different games, and different online casinos. With every bet placed, by any punter playing that particular game anywhere online, a small percentage is contributed towards the jackpot pool – these percentages are always displayed on the gaming screen as you play. The jackpot will keep growing incrementally in this way until it is eventually won. The game then re-sets and the growth cycle starts all over again.
To be in line for the maximum payout when Lady Luck comes around, players must wager the maximum bet. Smaller wins are still possible should you not be able to bet the maximum number of coins, or if you land on a combination that qualifies for a smaller prize than the jackpot payout. Keep in mind that all wins are completely random, and the jackpot payout does not become “due” after hitting a certain value. So your chances of winning $10 million are exactly the same as winning $100, 000.00.
This is a single-game jackpot i.e. it’s not connected to any other online slot. As with other progressive games, the jackpot increases by a small percentage per wager made on that specific game, and the winning payout is the total of all those percentages added together. These types of progressive slots offer lower payouts compared to others – typically in the region of $10,000.
Also known as in-house progressive jackpot slots, these machines are linked together under the same casino, or under a group of casinos owned by the same operator. Jackpot payouts from these slots are higher due to the prize pool being fuelled by multiple games. Depending on the size of casino or casino group, the amount of machines involved could range from a dozen to hundreds, and the resulting jackpot payouts could be anything from $100,000.00 to $1000, 000.00.
Also known as Wide Area Network Progressives, these slots span across an entire network of online casinos that run on the same gaming platform, like for example Microgaming. This means hundreds of thousands of wagers on numerous machines, making payouts from network progressive jackpots the biggest of them all, often reaching over $1 million and sometimes even over $10 million!
Multiple progressive jackpot slots give players a chance to win one of three progressive jackpots.
Progressive jackpots can also be found on table games like video poker, where players can actually determine the break-even point in the game because the odds are known.
Undoubtedly the most popular, this Microgaming jackpot slot features four jackpot games, with the biggest – the Mega Jackpot – being the largest jackpot in the world. The highest win so far, recorded in October 2015, was a staggering £13, 2 Million.
This NetEnt progressive pokie has three jackpots attached, with the largest having climbed as high as €17.8 million.
Also from NetEnt, Arabian Nights has been known to payout more than €8 million.
This Playtech progressive jackpot accumulates quickly and is based on having fun in the sun.
There are three crucial factors to consider when deciding on a progressive jackpot slot: