Progressive jackpots are among the most popular games in online casinos. They come with high winning potential and attract US players to start playing games. Despite being so popular, progressive jackpots are rare, and you’ll need to wait until your trigger massive winnings. Games linked to progressive jackpots are thrilling, and players enjoy a constant excitement while expecting something big.
What Are Progressive Jackpots?
A progressive jackpot is an award that rises each time someone plays a game. It continues growing until someone hits the life-changing prize. When you play progressive slots, a small percentage of every single bet goes to the total jackpot amount. You can win the progressive jackpot at random or by launching a special bonus game. The longer the jackpot misses to payout, the higher it becomes.
Progressive jackpots belong to high volatility games, which means that players win less often. However, once they trigger the main prize, they collect significantly higher amounts than players of low volatility slots.
How do Progressive Jackpots Work?
Progressive slots are special games that deliver the main award randomly. A part of every bet is added to the total jackpot network, and players anticipate the highest possible amount. The total sum of the jackpot is known as the meter. It typically takes bets from several slots at an identical time.
For instance, if several people are placing bets on Aztec’s Millions simultaneously, they will all contribute to the same jackpot. There are many connected jackpots across different online casinos. If more than one online casino has an identical game, the jackpots can reach incredible sums. Once the main jackpot is triggered, its value returns to the starting one.
Types of Progressive Jackpots
Progressive jackpots are available in different shapes and forms. Gamers from the US will enjoy their versatility. Some of the most popular are:
- Standalone Progressives: This jackpot is available only on a specific slot machine at a land-based casino. It means that only bets placed on the same machine will contribute to the total amount of the jackpot. Receiving such a jackpot won’t drastically change your life, but standalone jackpots can result in incredible winnings.
- Local Progressive Jackpots: These slots are one of the most popular games among players. These jackpots are not connected with a single slot. They are linked to all slots based in either online or land-based casinos. When it comes to online casinos, every time someone places a bet on a particular slot, the total amount of the jackpot increases in value. The figure keeps growing until someone hits the main prize.
- Network or Global Progressive Jackpots: This jackpot is the most frequent in the market. It is not limited to one casino. It means that you can find network progressive jackpots across different gaming locations. Progressive jackpots can reach massive sums, but they are not triggered that easily. You may need several months of years to claim them. However, US gamers should wait on them as they guarantee life-changing awards.
Most Popular Progressive Jackpots
If you are looking for the most popular progressive jackpots, you should select one of the following variations.
Mega Moolah: This is the most famous progressive slot in the market. The game has created more millionaires than any other slot. Mega Moolah comes from Microgaming, and it consists of a 5×3 grid alongside 25 paylines and four jackpots. Included are Mini, Minor, Major, and Mega jackpots. The largest amount was triggered in April 2021. A total prize was worth $22,7 million.
WowPot jackpot network: This is a four-tiered jackpot known for excellent winning potential. It consists of four prize pools, with the largest one set at $2,34 million. WowPot includes Wheel of Wishes, Book of Atem, Sisters of Oz, and African Legends. The biggest was claimed on the Book of Atem, $20,5 (on 13 April 2021).
Major Million: Major Millions is another progressive jackpot by Microgaming with an outstanding award of $400,000. The game is available in two variations, a 3-reel slot grid and a 5-reel layout. The latter is available in most online casinos. To trigger the progressive jackpot, you should hit five ‘Major Million’ elements on the final payline.
Mega Fortune: The slot comes from NetEnt and includes a 5×3 setup, low volatility, and 25 paylines. Players can choose bets between 10c and $50. The jackpot is activated by hitting three bonus elements on a payline on the initial three reels. The largest payout on Mega Fortune’s is $20,89 million from a 25c bet.
Arabian Nights: This is another progressive jackpot that has already paid millions since its launch in 2005. With this title, US online casino enthusiasts should place a minimum bet of $5 per spin. The game has low/med volatility and uses 5 reels, 3 rows, and 10 paylines. The lamp symbol can result in 15 spins with an x3 multiplier. Just land 5 wild genie elements to hit the jackpot. The biggest win triggered from the game is $3,89 million in 2014.
Can You Win a Progressive Jackpot?
When playing a game with a progressive jackpot, you have a real winning chance. It is also possible to trigger six-figure amounts from a minimal stake. However, your chances of getting life-changing awards are low. For instance, the chances of claiming the Mega Moolah by Microgaming is 50 million to 1. This is not the slot with the worst odds, as you can encounter the games with even smaller winning chances. By playing regularly and trying to beat the odds, you’ll have better chances of hitting the main prize.
How Are Progressive Jackpots Paid?
Well, this is one of those most intriguing questions, besides ‘Can you win.’ These highly entertaining and exciting games are paid in different ways. In some cases, they are delivered in a lump sum. Buy, in other situations, you can receive the payment in installments. Everything depends on the software supplier of the game as well as the casino provider. For instance, the Mega Moolah amount by Microgaming is delivered as a single payment. Sometimes, you will receive your jackpot-related winnings after a year or longer. It means that the jackpot pays out in annuities.