A progressive jackpot is a gambling prize that is won randomly and increases with every real money bet made by players. The pool or pot, as some gamblers refer to it, is not limited and can reach many millions. This is what thrills most players with deep pockets and adrenaline in their blood, as per the rule of thumb, high rollers boast higher chances of winning progressive jackpots.
But what is a progressive jackpot and how exactly does it progress? Here is the moment to mention that most of these prizes are part of slot machines available in online and land-based casino establishments. They are often linked, and the jackpot pool draws dividends from all bets made to all machines until the prize drops.
In many occasions, the progressive jackpot slots have lower RTPs compared to non-jackpot titles. The reason is the contribution to the prize pot! Usually, casinos cut off their winnings from the game to add to the jackpot. The bigger the House edge, the more significant the contribution. That’s the secret behind the popularity of low-RTP progressive slots like Mega Moolah.
Progressive slots start with a predetermined seed, which is an amount set by the developer. From this moment on, every real money wager made on any game version in all featured casino halls and sites adds to the prize. Thus, it’ll grow until luck smiles to a player, and the whole cycle resets back to the seed.
In the following article, we will provide more information and explanations on what are progressive slots and which are the best-rated titles. It’s important to know that these games do not differ much from the rest and also feature awesome payouts and bonus rounds. In theory, progressive rewards can be won at any spin and with any bet amount!
There are many progressive jackpots slots circulating in the digital realm and available across the land-based casino sites. However, some of them have become legendary for the prizes they have paid through the years. The “Million Maker” or simply Mega Moolah is one of them! It’s the most frequently paying and most generous progressive jackpot in history.
Progressive jackpots are rising rewards linked mainly to slot machines but sometimes to other types of games, too. These prizes are sponsored and paid by the game developers and not the casino operators, although the cash will come from the casino to your bank account. Progressive jackpots are random!
Every player has an equal chance to win such a reward despite that chance being quite slim. In the past, only high rollers were entitled to become progressive jackpot winners, but today, the rules are changed. Still, there are exceptions to the rule, like Black Diamond Deluxe, and that’s why reading the T&C is crucial.
Progressive jackpots have starting values (seeds) determined by the respective game studios. For example, the Mega Moolah Mini starts from just $10, while the Mega Moolah Mega starts from $2 million. Look at the jackpot meter in the slot machine to get an idea of when the pot was roughly reset.
Every real money wager from a player within the network contributes a percentage to each progressive jackpot. The biggest networks include dozens of games across hundreds of casinos, and millions of players contribute daily. That’s the case with some of the most popular progressives, like Mega Moolah, Age of the Gods, and Mega Fortune.