What Are The Payout Levels On Progressive Jackpot Slots?
Progressive jackpot takes its name from a continual building of jackpots. It means that over time when the players bet and on a particular slot, its jackpot value continues to progress. So, it is usually determined by the percentage of each player’s bet on a slot, which contributes towards its increasing bet – also try Fishing Frenzy.
Therefore, in the field of video slots, the biggest ever prize is won through a progressive jackpot because several jackpots may link together to create a huge one, and indeed many punters have earned a millionaire status by winning through these jackpots.
How Does It Work?
Here we are going to explain with exemplary values for your understanding, and these are not associated with any slot machine. So, from every bet, if a slot machine separates 10% for a progressive jackpot, then once the jackpot is achieved, the machine rests the following prize to $100,000. This new reset value is the one that is collected from the players of bet on that machine. However, out of the total 10% collected value from bets, 9% goes straight to progressive amount until the target is achieved while the remaining is saved for the next rest. Once the machine pays out the jackpot value, then the machine uses 10% for the next jackpot.
It is one of the mechanisms for determining the progressive jackpots, but there could be many other ways.
Technical Aspect Behind Progressive Jackpots
Progressive jackpot slots vary, as some operate at higher bet values, while the other slots may randomly drop the jackpot with any random spin happening during the base game. So, it could be a surprise for the players to find the jackpot being dropped during the bonus game.
Different Types of Progressive Jackpot Games
These include three main categories:
- Stand Alone: Dedicated for a single game, where the portion of bets contributes to increasing the final price.
- In-House Progressive: This jackpot is available at the land-based casinos and uses linked machines for big wins. This jackpot is not achieved through a casino web but is only in-house based.
- Networked: It is most popular nowadays, where the massive prize is fished through the network slots, which are hosted at several locations through iCasinos. Consequently, the jackpot is also a massive one.
Popular Progressive Jackpot Slot Machines
The first-ever progressive slot machine, Megabuck, that hit the casino floors in 1986 proved highly revolutionary. It was a release of IGT, and it webbed for 750 machines only in Las Vegas. Nowadays, iCasinos, have made the players’ task easier, where they can avail the mobile experience for the progressive jackpot slot machines such as Major Millions, Mega Moolah, Mega Fortune, Queen of the Pyramids, Jackpot Cleopatra’s Gold, Monster Madness, and several others that have turned many players into millionaires.
Should You Play Progressive Jackpot Slot Machines?
The answer to this question is obvious, and that is yes. It is because bit by bit makes a huge pool, and you need to be optimistic with these games. And anytime, hitting the jackpot can turn you into a millionaire.