Playing slot games in an online casino is more exciting if a gamer has the opportunity to receive the main prize that goes beyond the number of standard winnings. It’s all about the jackpot.
This review will focus on the definition of what a jackpot is, its types, the impact on the technical parameters of the slot, and the features of a gaming emulator.
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How Jackpot Works
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What is a Jackpot?
A jackpot is a large cash prize in a game or lottery that people have a chance at winning by participating in the game or lottery and following the stipulated rules and guidelines.
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In practice, the jackpots are distinguished according to their value and nature:
Fixed jackpots
The peculiarity of the fixed jackpot is that its size does not grow with the number of games played. The popularity of such jackpots is not as high as that of progressive ones.
Progressive jackpots
The best thing about a progressive jackpot is that its prize pool is on the constant rise. And it is directly determined by the number of spins.
Progressive jackpot slots accumulate a prize pool with every stake being made there. Therefore, on the web, where the number of players counts in the millions, huge prize money is recruited. If a player makes a winning combo on the slot machine, one hits the jackpot. If none of the players makes such a combo, the prize fund is not raffled but only grows.
What Are Progressive Jackpots?
Progressive jackpots are amounts offered as the top payouts for particular casino games that continue climbing until a player wins. They are available on a wide range of games, but the most common ones are tied to slot machines. Progressive jackpot slots usually take a proportion of each bet wagered and add it to the jackpot.
They tend to run from thousands of dollars all the way up to millions of dollars. Progressive jackpot games are available at online casinos as well as in land-based casinos.
Most progressive jackpot games require maximum wagers to be eligible for the jackpot amount. So if you hit whatever the required combination or hand to win the progressive but haven’t wagered the correct amount you won’t win the progressive. Participating in a slot club can reduce the break-even point of a progressive jackpot game because of the value of the rebate on each wager.
The most common example of this is a video poker game with a progressive jackpot. On most machines, you have to wager five coins to unlock the top payouts. So if you are playing a quarter video poker machine the total bet at five coins would be $1.25 per hand.
If you bet less than this and hit the top paying hand you will only win the amount listed for your number of coins, not the progressive jackpot. If you aren’t comfortable betting as much, you should play for a lower amount per coin.
You may be able to play the same video poker game in a nickel machine, making your bet .25 for a five-coin wager. Many slot machines have the same ability to play for a lower amount per line.
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How Progressive Jackpot slot Work?
Progressive jackpots build over time until a player wins them, then they reset to a predetermined level and start building again. The way they build is by taking a percentage of every bet made on the game the progressive jackpot is associated with and adding it to the jackpot amount.
Here’s a fictitious example so you can see exactly how a progressive jackpot works. The example uses numbers that are easy to compute for the purpose of this page. These numbers are not necessarily representative of a real-life progressive game but are an accurate representation of the mechanics.
The Contribution
For each wager a player makes, a tiny portion goes to a separate pot that is designed to fund the jackpot(s). the contribution is normally a small percentage of a player’s wager. The wager goes to ‘feed’ the jackpot amount.
The Seed
Have you ever wondered what happens when one wins the jackpot and why it never starts from zero? Progressive jackpots are supposed to begin from somewhere since no player would bother playing a progressive slot game that comes with a $0 jackpot.
Then the progressive will continue growing. There are a few other ways the reset amount can be handled, but the important thing to know is the seed amount is taken from the wagers on the game just like the progressive amount. Casinos hardly ever take any risks when it comes to making jackpot payouts.
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How Do You Win a Progressive Jackpot?
No strategy or system can increase your chances of winning a progressive jackpot on a slot machine game. The odds of winning are similar to the odds of winning the lottery, although you get many more chances of winning per hour with a slot machine game than you would get playing a lottery game. An important thing to keep in mind about progressive jackpots is that they don’t become “due”. The chances of winning are astronomically small no matter how large the jackpot has gotten.
What are the Differences Between a Local and Wide Area Progressive Jackpot
From a player’s perspective, there really isn’t a big difference between local jackpots and wide area progressive jackpots. A wide area progressive jackpot is also sometimes called a linked jackpot and some progressives are called a bank. The wide area jackpot tends to build faster because there are more players, but the mechanics of how the jackpots build are the same.
A wide area progressive jackpot is one shared across games, usually slot machines, across a range of properties. For example, you might find the same progressive slot machine games in numerous land-based casinos or in online casinos running the same software platform. If they are part of a wide area progressive they each feed into the same jackpot and payout from the same jackpot pool.
When there are hundreds or even thousands of players playing the same machines at the same time the progressive amount is bound to go up faster than local progressives.
A local progressive jackpot is one that is usually tied to a single game. An example that many players have seen of a local progressive is a progressive game of Caribbean Stud poker. The progressive is usually only tied to the individual game or group of the particular games at the particular casino.
In other words, if the casino has three tables offering Caribbean Stud, all three will more than likely share the same progressive, but no games outside of them will contribute. Note that the three games do not have to share the same jackpot. They can have three separate progressive jackpots.
You will also run into a bank of slot machines in land-based casinos that share a progressive jackpot. These machines don’t share a jackpot with any slots not included in the bank of machines.
Of course, it does go back to the first part of this section in the fact it doesn’t really matter for players. All that matters is how big the jackpot is and what you have to do to qualify for it.
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Types of Games with Progressive Jackpots
The most common types of games that have progressive jackpots are slot machines. While the slots that are most likely to have progressives are the newer video slots with multiple pay lines, often with bonus rounds and other features, progressives can be found on all types of machines.
I’ve seen progressives on just about any type of slot machines that you can think of, including three reel machines. I have also seen progressive jackpots tied to video poker machines and table games.
Though it really goes beyond the scope of this page, when you consider playing a video poker game with a progressive jackpot compare the paytable of the progressive machine and a non-progressive one. The progressive video poker game is almost always a worse paytable than the non-progressive one.
This doesn’t mean you shouldn’t play the progressive machine, because sometimes the progressive amount will get high enough that it is actually a profitable game to play.
An actual example of this that I have seen many times is Jacks or Better. The best Jacks or Better machines are called 9 / 6 machines, offering 9 coin payouts for a full house and 6 coin payouts for a flush. The progressive jacks or better games tend to only pay 8 coins for a full house and 5 coins for a flush.
Common table games with progressive jackpots include Caribbean Stud Poker, roulette and Let it Ride. Theoretically, just about any table game can be tied to a progressive jackpot. Most of the ones that have progressives have them tied to a side bet.
A common example is a $1 side bet. It’s up to each player whether he or she places the progressive jackpot side bet. I have even seen more than one table game tied to the same progressive jackpot.
For example, a casino could have their Caribbean Stud and Let it Ride progressives together. This can create higher jackpots faster as more people are contributing to the jackpots.
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Are There Progressive Jackpots Online and Off?
You’ll find great progressive jackpot games both online and at land-based casinos. Anything the casinos can do to get more people to play they will usually do and huge progressive jackpots help get players in the door or in the virtual door.
So as long as progressive jackpots continue helping the casino make money you will continue to find them at all different kinds of casinos.
Popular Progressive Jackpot Games
Here is a table with some of the most popular progressive jackpot games both online and off. The amounts continue to climb and reset, so the popularity of these games goes up and down with the amount of the top payouts.
These are just a few of the hundreds of possible progressive jackpots so if you don’t see any you like, just take a quick look around at your favorite casino. You are sure to find plenty of other options.
Largest Jackpot Payout
The largest jackpot payout in an online slot game made it to the Guinness world record book. It was a Mega Moolah jackpot win. Mega Moolah’s jackpot starts at $1 million, which means it can make you an instant millionaire.
The jackpot amount record has been broken yet again when another lucky winner walked away with €19.4 million in Mega Moolah jackpot prize. The money went to a lucky Belgian player in April 2021 while playing the Absolootly Mad: Mega Moolah slot. It is considered the biggest Mega Moolah progressive jackpot win in the history.
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Conclusion
Progressive jackpots have become the in thing in the online slot gaming. Games such as Mega Moolah have made numerous people instant millionaires since they come with huge jackpot amounts.
The best part about progressive jackpots is that the science behind them is they are purely dependent on your luck
Should I Play Progressive Jackpot Games?
This is a question that only you can answer. There are progressive jackpots that are life changing amounts, but the odds of ever winning one are so high that millions of players will never hit one in their life. But many players view all of their gambling as entertainment expense and don’t really count on winning anything in the long run.
If you have the money to play with and can view your gambling as an entertainment expense, then, by all means, try to hit a big progressive jackpot. As a side note, there is nothing wrong with either gambling as an entertainment expense or gambling while trying to find an advantage against the casino. I am not judging either way, just covering as much of the subject as I can.
Many casual casino players will play a few casino games instead of going out to eat or taking in a movie. If you were going to spend a couple hundred on a night out, why not use it instead to take your chances at your favorite slot machine or table game? Even if you play the games with the highest house edge you will occasionally leave a winner.
Before you leave
If you’re tired of scams and want a real solution for making money online check out my no.1 recommendation.
It’s helped me earn over $300,000 in the last 12 months alone:
Go here to see my no.1 recommendation for making money online
(This is a 100% free training)
David Fortune has been the editor NoBSIMReviews.com since 2019. He is an expert at writing content on stock advisory services, side hustles, reviewing online business opportunities and many more topics. You can learn more about David on our about us page.