About Progressive Jackpot Slots

What Is a Progressive Jackpot?

If you are a gambler looking to become a millionaire by gaming at the casinos, then you need to find progressive jackpot slots. Though all of the slot games will have jackpots offered to the players, progressive jackpots are far more valuable. Just like the name suggests, this jackpot prize increases with the volume of the bet in the game.

In simple words, the prize money for the progressive jackpot increases whenever a person makes a bet on a slot game. The prize money will keep on increasing until a gambler wins the jackpot. Though most casino games have progressive jackpots, video slot machines are the most common and popular ones.

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Why Progressive Jackpot Slots Have High Payouts? 

A small percentage of the bet money goes to the jackpot whenever there is a bet made on the slot game. This is why you get the biggest payouts when you win a jackpot. When you hit the jackpot, the jackpot seeding or reset takes place. The jackpot prize money is a predetermined value. This value again increases as and when the gamblers place bets. Some of the reputed and licensed casinos come out with £1 million as the progressive jackpot. 

You need to find casinos offering progressive slots to play and win this jackpot. Both land-based casinos and online casinos offer progressive jackpot slots to the customers. 

The first progressive jackpot Megabucks was introduced in 1986 by IGT. Following this, many other slots with the same feature flooded the gaming industry like, mega fortune, jackpot giant, Arabian Nights, to name a few. The player can reach the jackpot through either random spin or a special bonus game feature in the slot.

How Do Progressive Jackpots in Slots Work?

Progressive jackpots depend on the bet money wagered by the players. The portion of the wagered amount that is used for building the jackpot is called “meter”. For example, if a punter wagers £ 2.50,10 % of this, i.e. £ 0.25 is used as a Jackpot contribution. The remaining money is used to give payouts and bonuses. The progressive jackpot is restricted to a particular slot machine in a particular casino or it is spread on to different slot machines in different casinos having the same gaming platform. The first type is called local progressive jackpot and the second type is known as a wide-area progressive jackpot or shared or linked jackpot. When many players play the same slot game from different casinos, the progressive jackpot amount will naturally go up. In short, when there is high competition for winning the slot, the reward attainable also goes up.

Why Casinos Offer Jackpots?

The jackpots the casino slots offer are not only a big thing for the player, but it also gives the casino the chance to make some great profit. Many players love to play at titles that have huge progressive jackpot prize money. They have the notion that they could collect a huge win with just the click of the spin wheel. If it is their day, then they might end up winning huge cash. The wagered amount for the slot increases with every spin. So, the contribution to the jackpot also increases. Even though only a small part of the wagered amount is received as a casino profit, when thousands of people are playing the game, it can provide huge money to the casino.  

How Progressive Jackpots Influence the RTP of the Game?

RTP or return to player percentage tells you about the theoretical average estimation of payout from a slot game. When calculating this payout percentage the sum of the bets per round made by every player over a certain period is considered. Hence, a progressive slot can modify the RTP of a slot. To explain this, consider a slot game with a progressive jackpot is seeded with an attractive amount. This will make the game highly popular and more players will opt for this game. This will cause an increase in jackpot amount as well as an increased RTP.

However, it is really difficult to calculate the hit frequency of progressive jackpots on casino slot machines. Especially, when there are bonus games included in the game. The fact is that the expected RTP and individual results will vary widely. However, the maximum payout for progressive slots is very high. If you are looking for consistent wins, then you should consider the RTP before you bet. But, if you want a big win then you should concentrate on the payout offered by the slot rather than RTP alone.

Ways to Win Progressive Jackpots?

In a progressive slot machine, random numbers get generated after each spin. Specifically, the jackpot will get activated if the algorithm chosen is right. Here are the different ways to win a progressive slot jackpot.

·       Maximum Stake

To be eligible for some progressive jackpot win, the player needs to bet using maximum stakes for the game. Plenty of progressive slots offer jackpots to players with lower bet amounts.

·       Tickets

Most high stake slots with progressive jackpots award the player with tickets when they spin the reels. The player will be able to earn many tickets by placing many bets. If any of these tickets match with the algorithm created after any spin, the player wins the jackpot.

·       Random Wins 

As the name suggests, you might win a jackpot at random after a spin. To be clear, the player does not have to play any bonus game or land certain symbols to win the jackpot. But, the player needs to wager for the maximum amount to qualify for the prize.  

·       Getting Right Symbols

Getting the right symbols lined up on the desired payline helps to land the big wins. For instance, in some slots, you can win the prize amount if you have 5 special symbols in the game lined up in the 10th payline.

·       Special Bonus Games

Most of the slots have unique bonus round features. You can find them to show up while playing the base game. You may have to pick cards or spin a wheel to select the jackpot prize you are going to win.

·       Must-Drop Progressive Jackpots

Must-drop progressive jackpots show up when your back is against the wall and you are close to delays. Hence, many players will bet on the game as the deadline approaches. Therefore, the lucky player wins a lot of money.  

The Big Wins in Online Progressive Slots

Playing online progressive slots is a fun activity without a doubt. Furthermore, these games have created many millionaires within a split of a second. The excitement of winning life-changing prize money is the specialty of these progressive slots. Here are some of the biggest online casino jackpot wins. 

  1. An anonymous player from Norway won a $13.47 million jackpot by playing Mega Fortune at betsson.com in 2011. This win set the Guinness World Record for the largest jackpot.
  2. Another NetEnt player from Finland won €17,861,800 as a mega jackpot in 2013 playing the Mega Fortune slot. His bet was for just 25 cents.
  3. A British soldier named Jonathan Heywood from Cheshire in the UK won a £13.2 million jackpot in October 2015 playing the Mega Moolah slot from micro gaming. 
  4. The largest progressive jackpot won on a mobile device is $8.82 million. An unrevealed player with the initials D.P was enjoying the Mega Moolah slot game at Zodiac casino when he/ she hit the jackpot. Without a doubt, Mega Moolah was a “Millionaire Maker” for that player. 
  5. In January 2020, an online player won $ 20 million as a jackpot playing Mega Moolah at an online Canadian casino. There is no other big jackpot won in 2020 than this. 

Apart from the wins listed here, there are many other mega wins and sizable wins acquired by gamblers spinning the online slots. Each slot game has different game rules and payout rules which decide on the winning combinations and payouts. Make sure that you bet money that is affordable to you when you are playing a progressive slot. If you are lucky you too could enter into the above list.

Best Online Progressive Jackpot Slots for You to Try Your Luck

Though progressive jackpots are the most difficult ones to win, they are in great demand. Gaming software developers are coming up with slot machines that award bountiful wins. Here is the list of best slot machines offering progressive jackpots.

·       Mega Moolah

This slot machine will be the first on the list with the number of jackpot wins it has produced since its release. This African-themed slot machine from Microgaming has 25 pay lines. You can find 4 jackpots in this game. It triggers at random during any base round. The jackpot amounts to millions and Mega Moolah has the record of biggest ever payout for online slots. This game has an RTP of 88.12 %. You can try spinning Mega Moolah without spending a penny using Trada casino no deposit bonus.  

·       Jackpot Giant

Any punter looking for a huge progressive jackpot will find this game exciting. This game from Playtech has 50 pay lines. You will be searching for the hidden treasures among volcanoes in the game with the help of the Giant. To win the jackpot the player must wager the maximum bet amount. The RTP of the game is 94.22%. You can play this game at Playtech-supported online site casino.com without spending money from your pocket. Just register at the site to get the no deposit bonus that the casino offers.

·       Cash Splash

This slot machine launched by Microgaming in 2004 is one of the most sought-after slot games by gamblers. This video slot has no complicated additional features, apart from the progressive jackpot. This is the perfect must-try progressive slot for beginners. There are 15 pay lines that can help you to get some substantial wins, if not a jackpot. The RTP of this game is 91.51%.

·       Arabian Nights

NetEnt’s Arabian Nights video slot hit the gambling floors in 2005. Since then many bettors have taken home millions through jackpot wins. This game has 10 fixed pay lines and a progressive jackpot. This is a shared progressive jackpot and prize money is usually huge. The largest jackpot win from this slot was €3,332,981. The RTP of the game is 95.22%.

·       Mega Fortune

Mega fortune slot game from NetEnt has offered a record number of jackpots and has produced the biggest jackpot winner of online slot titles. It comes with 25 bet lines, fantastic scatter wins, free spins, and a triple jackpot bonus. There is no doubt that his game is designed to provide the most exciting casino slot experience. Even though the mega jackpot starts at £150,000, you can win far more from this progressive slot. The RTP of the game is 96%.

Apart from these games, you can find slots like Major Millions, Wow Pot, Fruit Fiesta, Cash Splash, Hall Of Gods, Lots a Loot, Tunzamunni, etc., which offer progressive slots. Some land-based casino progressive slots include Megabucks, Wheel of Fortune, Millionaire 777s, and Monopoly Money, etc.

Where to Play Progressive Jackpot Slots?

Most of the online casinos offer progressive jackpots. If you want to play a particular jackpot offered by a reputed software developer, look for casinos supported by the software provider. Go through the reviews to find out casinos that offer the best progressive jackpot slots. For example, PlayOJO is a casino site that offers 25 jackpot games of which 12 are popular progressive ones. Especially, you need to look for no deposit bonuses to play the games for free at a casino. You can also look for no wager bonuses and free spins offered by casinos to play the slot without risking your money. Go through the payout rules and casino rules before you start spinning the reels. If you are a novice gambler, you need to know about these bonuses before you start the game.

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If you want to try your luck at slot games or any other casino games without any financial risk, no deposit bonuses are the right option. A no deposit bonus is the bonus you get when you register at a casino site. This is available only to the new players at the site. It can be in the form of money or free spins. You will be able to use the free spins on different games offered by the site. Even though gambling sites want people to deposit money for playing, they are offering free bonuses. This is mainly to lure potential gamblers to try the different games at their site. Of course, there will be wagering terms, rules, and restrictions for making your no deposit bonus claims.

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These are easy-to-use bonuses, as they do not have any wagering requirements attached to them. Some no deposit bonuses require the player to wager a certain number of times before they could claim the winning money from a casino account. In the same way, some casinos will have a minimum limit to withdraw the money gained through a bonus. So it is better to select casinos that offer no wagering requirement to play progressive slots.

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This is a no deposit welcome bonus allowing the players to spin the game without making any deposit at the casino. To be eligible for this, the player should register at the casino with the required details. The free spin offers from the casino can vary from 10 to 100 depending on the type of casino game you are playing.

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