Progressive Jackpots
The Progressive Jackpot is very popular with online casino players because it allows you to get big winnings, which in some cases even exceeded 10 million dollars. In Progressive Jackpot games and slots, the prize pool goes up with every hand or spin of every player, and it is basically this simple principle that allows you to reach stellar sums.
How Progressive Jackpots Work
The jackpot amount is increased by a small amount for each game on the connected device. The amount by which the jackpot is increased is determined by the casino. A progressive jackpot game usually displays a high enough prize pool to attract players. When a player wins the jackpot, the jackpot is set back to the default minimum. For example, on a slot machine whose loss rate is set at 5%, a generous contribution to the jackpot can be as high as 1%.
The casino is ready to surrender some of its profit to the progressive jackpot as it attracts players specifically for:
The relative novelty of progressive jackpots.
Eye-catching and ever-changing banners, often displayed on large LCD or LED displays.
high jackpot, which motivates many players to participate.
The progressive jackpot is usually only offered to players who bet the maximum expected bet, although all bets contribute to it. The jackpot can usually only be won if the combination with the highest return comes out, for example Royal Flush in a poker video game or five of the most valuable symbols on the slot machine.
Types OF progressive jackpot
If the player does not win the jackpot, its value increases every time. Many slot machines and video games boast a progressive jackpot which makes the game more exciting and rewarding.
We will list some of the more common types of progressive jackpots.
Progressive Jackpots for Large Networks - These progressive slots are now among the most popular casino games available. Large network jackpots consist of slot machines connected to different casinos in the same country. This type of jackpot normally accumulates huge amounts of winnings of up to € 1 million, and sometimes exceeded 10 million.
Local Progressive Jackpots - These jackpots gained fame during their inception and still exist today. Local progressive games involve jackpots within a specific casino linked to various slots. The network can include a minimum of ten to a hundred slots, but this depends on the casino.
Single Progressive Jackpots - These slot machines contain jackpot counters within the game and it is only bets made on that specific machine that fuel the jackpot. In the old days, single progressives were the only ones available, but today there are a lot of progressive jackpots that stem from many machines linked together. Despite this, independent machines still exist in some casinos around the world. The reason is that these machines were produced a long time ago and some of them have managed to survive to this day.
Multi-level slots - The last type of progressive jackpots are the so-called layered slots in English, or multi-level jackpots. As a rule, part of each player's bet is used and added to one of the multi-level jackpots. There are several jackpots of different sizes the smallest is won quite often, one to two times a week, the largest only episodically.
Popular Games with Progressive Jackpot
One of the most popular games with a progressive jackpot is the Mega Moolah slot machine. This is a 25 payline progressive slot machine that runs on the Microgaming software platform. Players can win one of 4 progressive jackpots as part of a randomly triggered bonus.
Arabian Nights is another very popular progressive slot that runs on the NetEnt software platform. The symbol of the game is the Arab prince. The jackpot in this game is a progressive jackpot, where a portion of the bet is added to the jackpot every time you play. This progressive jackpot can be won when all 5 prince symbols appear on the payline with the maximum bet. Also, if players do not place the maximum bet, a standard jackpot of 10,000 coins can be won when 5 prince symbols appear on the reels.