What Are the Progressive Jackpots?
Progressive jackpots are the biggest jackpots that casinos offer for different instant win games. The prize of the jackpot is normally paid out to the player or divided among various players when the condition of winning is fulfilled. Each time a certain jackpot is played, the jackpot’s value increases because a specific preset percentage of each bet is added to the progressive jackpot prize. That percentage is decided by the casino.
How Progressive Jackpots Work?
Progressive jackpots are usually linked to a slot or single game in a casino while others are shared in multiple casinos through the same gaming software. Every bet placed by players on these specific instant win games counts towards the progressive jackpot, with a small amount of each transaction taken off the top and added to the jackpot. Depending on the number of players, the length of time the jackpot is played, and the amount stored, the jackpot climbs to an enormous sum.
When, eventually, the amount is won, it is transferred to that player as it stands, with not a cent coming from the personal balance of the casino. Hitting a progressive jackpot is not easy, but rather that the potential sum of money won is astronomically high.
The Seed Amount
After a win, the jackpot doesn’t drop back down to zero. Rather, the balance resets to a healthy sum and this is called the seed amount.
Progressive Jackpot Bet Sizes
When it comes to progressive jackpots, one of the most important things is to check what amount of money you have to bet to qualify for the big jackpot. Plenty of online slots allow you to play for the big prize only when you place the maximum bet or the maximum amount of coins.
The Various Types of Progressive Jackpots Include:
Wide Area Network Progressives
The wide area network jackpots consist of slot machines with instant win games linked with various casinos within the same country.
Local progressive games involve jackpots linked to various machines with these instant win games within a specific casino.
In this type, the bets put on specific slot machines (having instant win games with jackpot tickers) within the game are allowed to feed the jackpot.
Which Instant Win Games Can Have Progressive Jackpots?
Slot machines are the most common types of games that have progressive jackpots. Mostly the newer video slots with multiple pay lines, bonus rounds and other features have these.
Progressive jackpots are also present in video poker machines and common table games like Caribbean Stud Poker, Roulette and Let it Ride. There can also be more than one table game tied to the same progressive jackpot.
Some progressive jackpots can continue for years before being triggered, while others may be completed a week after opening. It is just a matter of luck, statistical probability, and the number of people playing the game.
Frequency of Winning a Progressive Jackpot
But it is to be understood that the value of the jackpot is directly linked to the amount of time it is allowed to gather. If they were won weekly, they would be far less valuable.
Keep in mind that millions or tens of millions of spins may be taken on the reels before the jackpot is even triggered. This means that the chances of winning a progressive jackpot are very low. Why then, a player may question, would he even bother to try and win a progressive jackpot? That is because instant win slot games are more fun, wiser in terms of cost to your wallet, playable at any time you choose, the most entertaining way to test your luck and still have a shot at becoming an instant millionaire.
The Most Popular Progressive Jackpot
Most of the bigger casino game developers have added progressive jackpot slots to their portfolios. That means several instant win progressive games are fun to play and just as lucrative like Mega Moolah, Hall of Gods, Mega Fortune, Jackpot Giant etc.
Where Can You Play Progressive Jackpots?
Almost all online casinos offer attractive progressive jackpots. You must choose a trustworthy and safe platform that will pay out your winnings as quickly as possible.
Progressive jackpots are now available in most online and their corresponding mobile casinos having these instant win games. Many also have lower level jackpots as well. They are quite thrilling with different themes and bonus rounds. The players can thus have 24/7 access to all of the action.
Progressive jackpot slots and games provide hours of fun and entertainment. If you’ve not tried your luck yet, start having some fun! Hurry!