Imagine becoming a multimillionaire after one spin of a slot machine? That’s exactly what happened to British soldier, Jonathan Heywood, in October 2015 when he took home an astounding £13.2 million jackpot playing Mega Moolah slots.
With numbers like that, it comes as no surprise that progressive jackpot games have become the most popular among online casino players. Every day, new winners cash in huge sums of money hitting the jackpot on progressive games like slots, poker machines, blackjack, and Caribbean stud poker
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What are Progressive Jackpots?
You may be wondering where all of that prize money comes from? Each time a player places a bet, a percentage of their wager feeds the jackpot prize pool. The prize pool continues to grow each time someone wagers on that particular progressive jackpot. Finally, when a lucky player hits the jackpot, they win that entire sum or percentage of the jackpot, depending on the game.
Progressive jackpots games – You can access progressive jackpot prizes on all kinds of games. The most popular versions are progressive jackpot slot machines or video poker machines. You can also find progressive jackpots in lotteries, blackjack games, or Caribbean stud poker games. Online casinos devote entire sections of their site to these types of games making it easy to find progressive machines.
… and counting! – With each progressive jackpot game, you’ll notice a meter that keeps track of the money value of that particular jackpot. In order to win the highest payout, typically a player must win the winning combination with the highest value. In slot machines, that usually means landing on 5 of the most valuable symbols. In video poker, ordinarily a player needs to win a royal flush. After a player hits the jackpot, the progressive meter will reset to the preset minimum level.
You can view the progressive jackpot meter even before playing the game. Most online casinos display progressive jackpot meters on their website or even on the homepage. Meters usually report prize pools in real-time so you can watch as the jackpot amount continues to grow right before your very eyes. These meters also give you a clue as to the highest jackpot games before you decide which one to play first.
Popular Progressive Slots Games
Millions of online casino players consider progressive slot games their favorite. Some of the most popular titles include Mega Moolah, Major Millions, King Cashalot, and The Dark Knight. Because of the large number of players who participate, these games have the highest jackpot pools in the online gaming industry.
You may wonder what makes these titles so popular out of all the progressive jackpots available. Well, Mega Moolah’s highest jackpot prize starts at $1 million. As recently as June 2016, a Mega Moolah player won over $6 million playing the game. Based on the 2008 Batman film, The Dark Knight jackpot has become one of the popular options among Canadian players with prizes exceeding $5 million. You can read more about progressive slots like Mega Moolah and The Dark Knight in our detailed game reviews.
Land-Based Progressive Jackpots
Of course, prior to online casino games, you could find the earliest versions of progressive jackpots at land-based casinos. Today, you can find different variations of progressive jackpot slots with their own set of rules pertaining to the jackpot pool. Below are a few of the most common progressive slot types:
Standalone Progressive Slots: A standalone progressive slot refers to a slot machine in which only the bets placed on that particular machine feed the jackpot. As the earliest form of jackpot games, standalone jackpots were once found in land-based casinos around the world. Typically, standalone prize pools equal $10,000 or below.
Local Progressive Slots: Local progressives represent the next step in the evolution of jackpot games. You can still find these games in casinos. Local progressives refer to jackpots linked to a specific casino. This can include a few machines or hundreds depending on the casino. Usually prize pools for local progressives range from $100,000 to $1 million.
Wide Area Progressive Slots: A wide area network jackpot connects jackpots from multiple land-based casinos in the same state. Because of the large number of participants in these types of games, wide area progressives usually have extremely high jackpot pools ranging from $1 million and even above $10 million.
Millions of people travel far and wide to play progressive jackpots at land-based casinos around the world. From Las Vegas to Macau, you’ll find huge jackpot prizes at brick and mortar casinos. Along the way, you may hear about one of the most popular of these games, the Megabucks jackpot. Manufactured by a company called IGT, the Megabucks progressive slot represents one of the most popular networks of progressive slots in the industry with prize pools ranging from $10 million and even into the hundreds of millions. According to the Las Vegas Sun, the odds of winning Megabucks are 1 in 49,836,032.
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Progressive Game Tips
Developing a good strategy on progressive games can help increase your chances of winning the big prize. While the results of progressive jackpots rely on a random number generator to ensure completely fair results, you can still adopt a few important strategies to increase your chances of winning.
Choose a game with higher payouts
Different progressive slots have lower or higher payout percentages, usually between 80-98%. Before choosing a slot, check the payout percentage of each game so you can play online slots with higher payout percentages.
Bet the Maximum Amount
When it comes to progressive slots, games like Mega Moolah and The Dark Knight Rises have bonus jackpot games that randomly activate while playing. According to the rules of these games, you have a better chance of triggering the jackpot bonus by betting the maximum amount. So keep that in mind when betting so you have a higher probability of winning the jackpot.
The rules of progressive games like video poker, blackjack, or Caribbean stud poker allow players to compute the best playing strategy based on the frequency for each payout versus the odds of hitting that payoff. Because progressive jackpots keep growing, the jackpot eventually reaches a break-even point. At this point, the jackpot wager becomes a positive expectation bet for the player with a return greater than 100%. So what does that mean for you? You can develop the best betting strategy on progressive jackpot games when their jackpots exceed the break-even point.
Professional gamblers often form teams of players in order to generate a positive expectation situation. Team members take the place of ordinary players right when the game pushes beyond the break-even point.
Set Betting Limits
We also recommend setting betting limits prior to playing so that you don’t bet more than you can afford. Many online casinos allow players to set up daily or monthly betting limits on their accounts. You can only bet a certain amount before the casino stops you from playing. This ensures responsible gaming.
Other Progressive Games
Card games – Slot machines aren’t the only casino games featuring progressive jackpots. Card games at online casinos may give players the option of placing a side bet to win the jackpot.
Caribbean stud poker – These games often include progressive jackpots. Players have the option of placing a side bet that they win if they hit a straight flush (a hand containing all of one suit in continuous sequence). The progressive jackpot pays 100% of the jackpot meter for a royal flush and 10% for a straight flush.
Blackjack games – You can also find many progressive blackjack games. These games do not usually differ much from a standard game of blackjack. Players have the option of a side bet for a chance to win the jackpot. You win the side bet if you receive one of the several specific card combinations such as four aces.
For example, triple sevens represents a blackjack side bet based on the player’s first three cards. The player wins if they receive a seven among the first three cards dealt. Blackjack jackpots can range from a few dollars up to 100% of the jackpot depending on rules of the game. In the Triple Sevens blackjack game from Microgaming software, players win the jackpot if they are dealt three sevens of diamonds. Other combinations of sevens result in smaller prizes.
Progressive jackpots are completely unique to the world of online casino, because rather than being worth a fixed amount, they are always growing. Mega Moolah is a very famous progressive slot, and after it is won, the jackpot resets to $1,000,000.
However, a small percentage of every single wager made – whether it wins or loses – is added to this jackpot. Since thousands of people play every day, the jackpot continues to rise in value until, eventually, it is won again. All progressive jackpots work in the exact same way.
Generally speaking, progressive jackpots are paid either as lump sums to the winner, or in regular instalments over a couple of years. You should always receive the full amount, and casino winnings are tax-free!
You just need to play, like any other slot. The jackpot is triggered randomly, so the only way you can win is to keep playing, and hope that you’re the lucky player who strikes it rich! Be careful to read the rules for each specific game, however, since many progressive jackpots require to bet the maximum amount – if you don’t, you’ll receive a scaled-down version of the jackpot.
Mega Moolah is one of the few progressive slots which does not require you to play the maximum.
whether you prefer instant wins on progressive slots or love hitting the jackpot on cards games, progressive machines offer the most lucrative ways to win at an online casino. Try out different versions of the game to see if you’ll join the lucky winners who have become millionaires winning progressive games.