September 23, 2019

Progressive Jackpots

Progressive Jackpots

There are a lot of online slot rooms that advertise their progressive jackpots, and it seems absurd. But what exactly is a progressive jackpot?

A progressive jackpot is made up of several different sources to be won by one big hit. It is the amount offered as the top payout in a particular casino game that continues rising until a player wins. They are available on a wide range of casino games, however, the most common ones are slot machines. Most progressive jackpot games require a maximum wager to be qualified for the jackpot amount. This would be one of the worst in jackpots, so make sure you understand the minimum wagering requirements to be qualified for the progressive jackpots.

How does it work?

Unlike most slot games where the jackpot is fixed, a progressive game slots rises the jackpots when players wage in the machine and spin the wheels. A small portion of each coin played is used to feed the jackpot. There are three varieties of progressive slot machine games.

  1. Standalone Progressives – This slot machine has a jackpot ticker on the game, which only bets placed on that specific machine feed the jackpot. There are a lot of standalone machines were manufactured and easily found in casinos worldwide.
  2. Local Progressive – These games feature jackpots in a specific casino that is linked. Usually, the jackpots available on these games are ranging from $100,000 to $1 million.
  3. Wide Area Network Progressives – It is the most popular casino games today. This allows the jackpot to accumulate into enormous sums of money, from over $ 1 million and sometimes even over $10 million. 

Online Progressive Jackpots 

Progressive jackpots have become popular online with the rise of online casinos. Online progressive jackpots work just like progressive jackpots in actual land-based casinos. Every wager you make feeds a tiny amount into the progressive jackpot for that specific game. And because a lot of players are now gambling in their homes these days, these jackpots can become as large as the progressives in Vegas or Atlantic City.

Most Popular Progressive Games

Most of the highest casino game developers have added slot’s progressive jackpots connected to them. To find a progressive game, do your research and check more online casino sites that offer them. Here are some popular progressive jackpot games:

  • Mega Moolah – It is an online progressive jackpot powered by Microgaming software. Its also considered a penny slot because the minimum bet starts from &0.01 per line while the maximum bet is only $6.25. Mega Moolah is linked with other games and is part of Microgaming’s large Progressive Jackpot Network. 
  • Megabucks – It is one of the most popular progressive jackpot games. The probability of winning this jackpot has been estimated at 1 to 50 million. Just like lottery games, megabucks is paid out as an annuity over 25 years.
  • Mega Fortune – It was created by NetEnt, one of the largest casino software providers today. Players can choose the number of active pay lines they want to bet with the maximum bet size of $50.
  • Jackpot Giant – It has the highest quality graphics ever created. The company behind this interesting game is Playtech, an innovative developer and supplier of casino software. They offer modern games with excellent graphics, superb animations and special features of bonuses. 

Progressive Jackpot Withdrawal

Winning a huge jackpot of several million is life-changing and is surely an incredible experience. However, it is an overwhelming experience also for casinos. Frequently, they cannot afford to pay out such an enormous amount of money. That is why jackpots are usually paid out by the game developers, especially in online casinos. The majority of online casinos are limiting their cashouts that are based on a weekly or monthly basis. The reality is that reclaiming a huge win from an online casino may take months and even years if the gambling operator manages a strict withdrawal policy. However, there are still online casinos that will pay you out in full if it is a progressive jackpot.

How Do You Win a Progressive Jackpot?

There are not many strategies and systems you can use to increase your chances of winnings. One of the important things you can do is to check how much money you need to bet to qualify for the progressive jackpot. A lot of progressives allow you to play for a huge prize only when placing max bets. Each game has different rules, so be sure to check them first before betting your money in a slot game.

The chances of winning are extremely small no matter how large the jackpot is. A 1-in-a-million chance is still 1 in a million, even if the jackpot is up to $10 million.

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