How Do Progressive Jackpots Work
Progressive Jackpot slots usually take a portion of each bet wagered which contributes to the overall Jackpot pool, which includes multi-level side jackpots.
As most online progressive Jackpots form part of a network, it means that when several players are playing for example, Mega Moolah Jackpots by Microgaming or Fire Blaze Jackpot slots by Playtech at the same time, they will all contribute to the same jackpot pools.
Furthermore, there is also the other case scenario, where you will have linked jackpots across multiple titled slots within the same slots series.
Due to this, linked jackpots are becoming extremely popular and good examples are:
The Biggest Online Jackpot Payouts
An anonymous Android mobile player won the biggest Progressive Jackpot on Mega Moolah in September 2018. His staked was a mere $0.75 and less than 50 Spins later he became an instant millionaire winning the grand jackpot prize of €18.9 million.
Mega Moolah has been responsible for many a life-changing experience. Jon Heywood who won €17.9 million in 2015.
As a result, he earned a Guinness Book of Records title for the most significant online Progressive payout.
Other massive payouts include that have paid huge sums of money include the following Jackpot Slots:
Types of Jackpots
Finally, there are three types of common Jackpots, and they are:
- The in House Jackpots: This is a group of linked online slots dedicated to a single online casino.
- Stand-Alone Jackpots: A Stand Alone Progressive is a Jackpot slot that is not linked to any other game with its own jackpot prize.
- The Wide Area Jackpots: The Wide Area jackpots are linked to multiple online casinos.
Top Jackpot Slots
Progressive Jackpots are the stars of the online casino industry, and casinos give a reasonable percentage of their profits towards increasing the prize pool. Therefore, they generate a substantial income for the casinos and have elevated the way slot machines are viewed in online and land-based casinos.