Top online slots with the highest payouts
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Which Online Slots Give Big Winnings Most Often?
Slot machines have come a long way and evolved a lot. Despite all changes, one thing remains certain – slot machines are still the most popular gambling option in casinos.
A recent survey done by researchers at Oregon State University-Cascades has shown that 71 percent of gamblers give preference to slot machines and/or poker over other casino games.
Since slot machines are so demanded by players, there are a plethora of options available, making it hard to choose which ones to play. It is even harder to pick the slot machines with the greatest odds. The 10 best progressive slot games with the highest payouts and jackpot prizes are presented in the table below.
Highest Paying Slot Machines Online in 2023
#1 Mega Moolah
Mega Moolah is among the highest-rated online games of all time. And for a good reason, of course. First of all, its vibrant colors and theme, great graphics and sound effects make the gameplay a very pleasant experience. You will come across buffaloes, lions, giraffes, and zebras in this game, along with some regular symbols like Q, A, J, K, and 10.
Mega Moolah is a progressive jackpot game, which makes it even more popular since the big prize keeps getting bigger over time. It also has a high RTP rate of 88.12 %.
When a lucky player hits the jackpot, the pool resets and starts at $1,000,000.
#2 Book of 99
Book of 99 has an impressive RTP rate of 99% and is also a highly volatile game.
The game is played on 5 reels and 3 rows. It has a total of 10 fixed paylines. Book of 99 has a Wild Book symbol, which is slightly different from the Wild Symbols of most slots, where they substitute regular symbols. In Book 99, the Wild Symbol also acts as the key to Free Spins. Landing a minimum of three, Wild Books will offer the player 10 Free Spins.
#3 Cleopatra
Cleopatra is a progressive slot game with an RTP of 95.02%, which can be considered a standard rate for most video slots. It is a low to medium-volatility game. This means that players can count on many regular wins of small amounts instead of major wins that are spaced out.
The jackpot in the Cleopatra base game is x10,000 your bet. However, if you are lucky enough to trigger all the possible free spins rounds p, the maximum amount you can increase is 25,000 coins, which is quite generous for a low to medium volatility game.
What Is a Payout Percentage
If, in simple words, the payout percentage is the average amount of money that the player will get back as winnings compared to the amount of funds they bet. Keep in mind the word average since there are no guarantees with the payout percentages what amount you will win. However, the more you spin, the more you increase your chances of getting close to the slot machine's payout percentage.
Let's imagine that the slot you enjoy playing has a 95% payout. If you wager 100$, the slot machine will return to you $95 in winnings, on average. The higher the payout percentage, the better for the player. So, next time you are looking for slot machines to play, pay attention to and choose the ones with the highest payout percentages of 90% and higher.
How to Find Payout Percentage on Slot Machines
Now that you know what to search for, you are probably wondering where to look for these stats. The good news is with online casinos, it is quite simple.
A lot of times, the payout percentage can be found on the information page of the slot or in the rules. Alternatively, it will be listed on the online casino website like Holland Casino, along with the game developer's site. Another way to find out the percentage is a simple Google search. All you have to do is type the name of the game and 'RTP' or 'payout percentage' to get the information you need.
In the last case scenario, if nothing else works, you can always contact the casino itself through live chat or customer support.
Variance in Slot Machines
Payout percentage discussion is almost always followed by variance discussion. You are probably more familiar with the terms volatility or payout frequency since they are used more frequently. Variance is all about how frequently a slot game jackpots are paid out and how big the winnings are. There are three kinds of slot variances:
- Low variance slot machines – these games land frequent wins of small amounts.
- Medium variance slot machines – players can hit wins quite often with these slot games, with a mix of small token wins and larger payouts.
- High-variance slot machines – players can have long droughts in wins with high-variance slot games. However, when they do pay out, the winnings are substantial.
As a rule, low variance is found on penny slots and games that have small jackpots, like Quick Hit. Most progressive jackpot slots, such as Mega Moolah, have high variance, which is to be expected given the huge jackpots they have to offer.
This article was written in cooperation with John Gold
