How Do Progressive Jackpots Work?
Progressive jackpots are most commonly found on online slots but can also appear on table games such as poker and roulette as well. The jackpot starts at a fixed sum and grows each time a player places a bet on the game until finally the jackpot is won. After the jackpot has been won, the jackpot again restarts at the pre-determined sum.
The current jackpot is always shown in real time, meaning that the players can keep an eye on the sum as it grows with each spin. The jackpot on online games is often shared across the whole network, so players playing the same game on other online casinos also contribute to growing the jackpot. As the jackpot starts to reach a big sum, the playing also tends to get more intense as more and more players are chasing the massive win, meaning that the pot grows rapidly.
Types of Progressive Jackpots
There are a few variations of progressive jackpot games depending on how many slots or games share the same jackpot. Here are the three main types.
These jackpots are tied to one slot machine only, so no other machines share the jackpot. Stand-alone jackpots are commonly found in brick-and-mortar casinos rather than the online environment. These jackpots tend to be smaller in size as only one player at a time contributes to them, but the chance of winning the jackpot is higher.
Unlike in stand-alone progressive jackpot games, these jackpots are shared amongst a group of slot machines. This means that for example the jackpot might be the same for 10 slot machines, and it can be won playing any of them.
Networked Progressive Jackpots
Most of the progressive jackpot games online share the jackpot with the whole network. This means that anyone playing the game anywhere on the network can win it, so it is not restricted to a certain casino. As the player base across a whole network is huge, these types of slots and table games can offer extremely large jackpots, breaking world records and paying out even millions in one go.
What are the Pros and Cons of Progressive Slots?
At a glance a progressive jackpot sounds way more thrilling than your average slot, but there are some disadvantages to consider as well. Here we have outlined a few key aspects of progressive jackpot games.
- Huge jackpot – Progressive jackpot games have a main prize that can be tens of thousands or even millions, making it a life-changing event for the person lucky enough to land the big win. This is possibly the main quality that keeps the players so engaged with the games.
- High volatility – Volatility measures the risk that the player is taking by placing a bet in the game. A high volatility means that the odds of landing a win are very small, but the potential pay-out can be huge.
- Fewer winning rounds – As the prize is so huge, the odds of actually winning it have to be very low, otherwise the jackpot would not have the possibility of growing to such a large sum. This means that players going for progressive jackpot games must be ready to deal with lengthy losing streaks.
- Mark of a great casino – Only the stable and popular online casino websites are able to offer progressive jackpot games, as they are able to fulfil paying out the jackpot. A truly great casino should be able to provide multiple progressive jackpots to their players, so that everyone can find their favourite.
As outlined above, playing progressive jackpot games include a big risk and therefore the games should be played responsibly. Setting aside a separate progressive jackpot game fund might be the way to go, so you do not lose sight on how much you have placed in bets while chasing the big win. If you prefer better winning possibilities, you might want to consider a game with a fixed jackpot. This means that the jackpot does not grow as the game is played, but the chances of winning big are much better.
What Are the Most Popular Progressive Slots?
The most popular progressive jackpot slots are the ones that have created new millionaires and have been featured in gaming articles and news. Progressive slots tend to have a lot of classics that people return to time and time again, but new additions emerge regularly as well.
Microgaming Progressive Slots – Mega Moolah by Microgaming wins the title of the most popular online progressive jackpot slot, as it has paid out the largest wins and thus broken a few world records. In 2019 Mega Moolah paid out over 79 million to all its players! Some other progressive slots from Microgaming include King Cashalot and Major Millions.
NetEnt Progressive Slots – The game developer NetEnt most famous for its beautiful and intuitive games also offer some progressive slots such as Arabian Nights and Cosmic Fortune. The average wins also exceed the sum of a million and are hugely popular.
Playtech Progressive Slots – Playtech offers multiple progressive slots, including Age of the Gods, Everybody’s Jackpot, Frankie Dettori’s Golden 7 and DC Super Heroes. The average pay-out varies between some hundreds of thousands to even more than a million, but Playtech can offer great variety to those getting bored quickly.
Summary of Progressive Slots & Jackpots
Progressive jackpot games are extremely popular, because who of us does not at times dream of a win so big that it would change your life in a blink of an eye? These games are also thrilling and exciting as players can watch the jackpot grow practically every second, and the competition to win the jackpot grows fiercer as the sum grows larger. Keeping a cool head is of utmost importance when chasing a jackpot due to the high volatility and low winning chance these games possess. When played with moderation and sensible risk-taking, these games offer an unbeatable experience that may just end in a win so big it might break the records.