What Are Progressive Jackpot Slots and How Do They Work?
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Progressive Jackpot slots offer the most considerable prizes in any casino game. The first progressive jackpot ever made reached a vast amount of $4,988,842.17, and since then, they have only grown bigger.
However, because of their size, progressive jackpots are also one of the most challenging prizes to get; that’s why it’s essential to understand how they work.
What Is A Progressive Jackpot?
A progressive jackpot is a unique feature that accumulates every player’s bets each time they spin the reels without winning the jackpot. The first slot with this type of feature goes back to 1986 and was created by International Game Technology (IGT).
It’s essential to understand that these slots only use a small percentage of 1% to 5% of each wager in order to create the prize. The casino always sets the amount used, and it usually depends on the house’s edge.
The casino will usually reduce the collected percentage if a slot has a high chance to prize the player. But if the game favors the house, they will increase the amount to attract more players.
Most slots show the total collected amount of the jackpot in real time. Sometimes, the game might have more than one jackpot available or combine it with fixed amount jackpots.
While slots were the first to use this feature, nowadays, it’s also possible to find them in other casino games like Crash, blackjack, and video poker.
Which Is The Biggest Win Ever Made In An Online Progressive Jackpot Slot?
The biggest jackpot win ever recorded belongs to the Mega Moolah slot, with an outstanding total of $20,062,600. The prize was earned by Jon Heywood in 2018, and since then, it has held the Guinness World Record as the greatest jackpot-winning of all time.
How Does Anyone Win A Progressive Jackpot Slot?
The conditions to win a progressive jackpot can vary depending on the slot. For example, slots with a Hold and Win feature generally request the player to fill all the reels with coins or get three symbols of the same jackpot.
It ‘s also possible to trigger a jackpot round during a regular play-through without combining any particular symbol. Some slots will activate the jackpot round randomly, even if the player didn’t win anything during its spin.
Players can improve their probability of winning the jackpot in various slots by raising their bet size. Yet, it’s vital to understand that this doesn’t guarantee a jackpot victory. A player with the smallest bet size can trigger the round in just a few spins, while another can take 300 spins even with a maximum wager; it’s all luck at the end of the day.
