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Everything You Need To Know About Progressive Jackpots

Introduction

Slots are the world’s most popular games with an exciting array of themes, styles, and fun features. Gaming sites with lots of slots games are frequently visited, creating huge traffic. These slot games are the heart of most gamblers, and sites with fewer or no slot games are visited every once in a while.

Conceivably, online slots have become the number one choice of most gaming enthusiasts. A reason for this is the excellent flexibility its offers for preferences and players’ budgets. With a small budget, you can explore several possibilities. Being an amateur or professional is no deal-breaker; you can try out the easy, classic 3-reel games or opt for the more complex slots games.

Progressive jackpots are the best form of slot games to explore on the internet because the pots are bigger and progressively increase until they are won. If you want to move past using slots as a pastime, then you should try the jackpots. Let’s dive in.

What Is A Progressive Jackpot?

Now, think about missing out on a job interview. That could be devastating, right? Yeah, but here’s the catch. If you can get the next one, the salary would have doubled. Would you try again? Your answer is as good as ours.

Progressive jackpots are jackpots whose payout or grand prize increases every time a particular slot game is played but not won. In essence, the jackpot keeps growing until a lucky player gets it.

Progressive slots offer a bigger prize compared to regular or fixed slots. However, the odds of hitting a progressive jackpot is put at 50 million to one. You can imagine that it’s just a few players who would hit a progressive jackpot in a lifetime. The casino, via progressive jackpots, set the player up for some significant wins. Indeed, one win could change your bank statement forever.

How Does A Progressive Jackpot Works?

Ideally, the concept behind the progressive jackpot is not far-fetched. The longer the jackpot goes unclaimed, the bigger it gets until a lucky player wins it. Technically, a part of each bet wagered by the players is added to the jackpot.

Now, consider a group of players playing NetEnt’s Divine Fortune together, and every one of them contributes to and plays to win that particular jackpot. With the huge number, the jackpot grows exponentially.

Interestingly, many progressive jackpots are connected across multiple casinos, and with more casinos offering the same game, the bigger the jackpot can become. And, of course, the jackpot resets to a predetermined value when it is claimed.

So, after a spin, some random numbers are displayed and selected. The jackpot is triggered when the right algorithm is picked out.

How Much Can You Win?

With progressive jackpots, winnings are limitless. There are so many possibilities to how much a player can take home. Payout increases and would keep increasing until the jackpot is won. Essentially, as far as punters keep wagering, with percentages of their bets being added, the payout keeps getting bigger.

On February 6th 2022, a lucky player has landed a massive win of €7,296,286.88 playing the popular jackpot – Mega Moolah. There are stories of other lucky players who have won a couple of millions from these jackpots.

Chances Of Winning

There is no guarantee in gambling. Your chances of winning are always in the millions to one span. Although the popularity and amount staked on a progressive jackpot could raise the bar, that’s not a sure thing. For instance, Monster Madness has a winning chance of 50 million to one. Not fair, right? Yes, but it makes sense when you consider the amount to be won.

Popular Jackpots

Mega Moolah

Mega Moolah is a progressive slot developed by Microgaming, a leading software developer. The exciting 5-reel, 25 payline slot game is set off to becoming the most outstanding online and mobile progressive jackpot in Canada and the world. Currently, It has over $1 billion paid out to winners since its release. Eric B. won over CA$16 million playing Mega Moolah in 2020. There are no demo modes, but players can win any of its four jackpots.

Mega Fortune

Mega Fortune is 5 reels, 3 rows slot game with a set of 25 paylines and a robust selection of graphics. The paylines are fixed, meaning they can’t be customized. However, the value of the wager in play for each spin is adjustable. The game was developed by NetEnt and had low volatility. Its design is such that increasing the bet size increases the probability of winning the jackpot, but that’s not guaranteed. And the free spins can multiply any win. Technically, winning the jackpot offers more wins, which is why Mega Fortune stands out.

Major Millions

Major Millions is another excellent 5-reel slot product from the famous Microgaming. The Militarily-themed slots game is fun, with a silly design, 15 paylines, and exciting gameplay. Symbols associated with the slot include cartoonish Warships, Cannons, Bomber Planes, Ammunition, etc., in addition to Scatter and Wild. Interestingly, the game has a payout of 89.7%, and playing the maximum bet gives you a shot at the progressive jackpot.

Conclusion

Progressive slots are the best way to get ahead and improve your bankroll in your gambling adventure. However, the odds of winning a progressive jackpot are not entirely in your favor. But who knows, you could be the lucky one.

To select a progressive slot, consider its popularity and the traffic the game commands. Jackpots keep increasing with a percentage of players bet if not won, and more bets equal a bigger jackpot. Mega Moolah, Major Millions, and Mega Fortune stand out among a ton of progressive slots. Their game style and theme or stories are pretty exciting.