How Do Progressive Jackpots Work?
Progressive jackpots are available on multiple casino games, including slots, poker and roulette. The jackpot starts from a pre-determined sum and every time any player places a wager in the game, a small percentage of that wager goes towards the pot. This means that with each spin or game round, the jackpot grows larger and larger, until it is finally won. Then the jackpot resets back to its original start point.
Players are available to watch the jackpot grow in real-time, meaning that the jackpot sum is constantly updated in the game client program. Progressive jackpot games are hugely popular due to the potential massive win, so the jackpots can grow very large quite quickly. As the jackpot grows larger, the playing also gets more intensive, when there are more players trying out their luck.
Types of Progressive Jackpots
Progressive jackpots tend to follow the same principle, but there are some variations to the games and how rapidly the jackpot grows. Let’s look at the three main types of progressive jackpots below.
- Stand-Alone Progressive – These jackpots do not share the jackpot with any other machines, so the jackpot on screen is tied to one machine only. This means that a player on another slot machine is not able to snatch the win away from you. Stand-alone jackpots are smaller in size but have a higher chance of winning the jackpot.
- In-House Jackpots – This is a group of slot machines connected together, so the jackpot can be won from any of the machines grouped to the same jackpot. The jackpot is a bit larger than on stand-alone machines, as more players can contribute to the pot.
- Networked Progressive Jackpots – Most of the online casinos offer networked progressive jackpots. This means that the same game has a jackpot which is shared across all the online casinos where the game can be played. This means that a player from another casino is just as likely to win the jackpot as you are. As there are a lot of players across the whole network, the jackpots grow huge, often to seven or even eight figure sums.
What are the Pros and Cons of Progressive Slots?
A lottery-sized win from a slot might just make you wonder why anyone plays regular slots anymore. While progressive slots offer a gigantic jackpot, they also have disadvantages to consider. Here we have outlined some of the qualities of progressive slots, so that you know what to expect.
Progressive slot jackpots often start from tens of thousands and can quite rapidly surpass hundreds of thousands and even climb up to the millions. All world record jackpots have been won in progressive games.
Quite naturally due to the way progressive jackpot games work, they are extremely volatile. This means that for the price of big wins, you can also lose big. This quality is a double-edged sword, as some players crave high volatility, whereas it does not suit some players’ style at all.
Fewer winning rounds
To be able to offer huge jackpots, these games must have a smaller chance of winning anything. This means that players should be prepared to have losing streaks more often. The return-to-player (RTP) on progressive jackpot games is always lower than on regular slots and table games.
Mark of a great casino
Only the best casinos are able to offer progressive jackpot games with the highest jackpots, as many of the less popular sites are not able to afford to pay millions of dollars to the winners.
Chasing mind-blowing wins is a great motivator for some players, but for some it can get a bit too much. If you would like to have a higher chance of winning a jackpot, you should consider playing games with a fixed jackpot – the price sum is not as great, but the chances of winning are significantly higher. For responsible risk-takers, progressive jackpots are a great choice.
What Are the Most Popular Progressive Slots?
The most popular jackpot games are the ones that have the largest pay-outs and that have generated life-changing wins to players in the past. These wins usually get covered by the news and gambling-related articles and work as an inspiration for players to go try out their luck. Here are some of the most famous slots made by three very popular game developers.
Microgaming Progressive Slots – Microgaming’s Mega Moolah is the most popular online progressive slot game. The reason is simple as it offers the biggest wins. Mega Moolah paid out 12 times in 2019, paying over 79 million combined! Another popular progressive slots by Microgaming include Major Millions, King Cashalot and Treasure Nile.
NetEnt Progressive Slots – NetEnt also has some great progressive slots, such as Cosmic Fortune and Arabian Nights. The average wins are just over a million, so they are not quite as large as Microgaming’s slots.
Playtech Progressive Slots – Some of the progressive jackpots from Playtech include Beach Life, Age of the Gods, Everybody’s Jackpot, DC Super Heroes and Frankie Dettori’s Golden 7. Some of them tend to pay out over a million in average, but all of them tend to pay out at least hundreds of thousands.
Summary of Progressive Slots & Jackpots
Playing progressive jackpot games is a bit like playing the lottery, with the exception that the win could be yours after any one spin rather than having to wait for the numbers to be drawn. As with all gambling, it all boils down to luck. Progressive jackpots are great fun and the chance of winning enough money to stop working altogether is exhilarating, but this can also become too consuming quite quickly. Remember to play in moderation, and maybe think about setting aside a separate ‘progressive jackpot games’ fund. Other games will give you a higher chance of winning, so do not completely forget about their existence.