What Is Progressive Jackpot

Progressive slots are the type of slots you should play if you want the chance to become an instant millionaire. The main attraction of these games is the ever-growing jackpots on offer. If you have not tried them yet, you are missing out.

Progressive jackpots continue to increase since a small percentage of every wager adds to the jackpot, once the jackpot combination spins in the lucky players.

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In a progressive jackpot game, a certain proportion of every bet wagered by players is added to the jackpot amount. The sum is also called a meter. Usually, it is taken only from one slot but can also include multiple games simultaneously. Anyone who has ever played at a casino has come across the term ‘progressive jackpot’. Progressives might be popular offerings now, but that doesn’t mean they are novel. The games were created in traditional casinos. By design, the jackpot in a progressive game is not fixed. The « progressive jackpot » term alludes to a jackpot that is common to several slot machines, and in which the amount fluctuates according to the different players’ bets. Then, the Jackpot is random since the amount to be won is itself determined by bets from several players. For standalone progressive jackpot games, a part of every bet played on progressive jackpot slots go towards the jackpot. If a game is a networked game, such as Mega Moolah, all machines on the network contribute to a progressive jackpot. Progressive jackpot winners can come from any machine on.

How they Work

Progressive jackpot slots work differently from regular online slots as they offer growing jackpots. Every time a player places a wager, a small portion of the money is contributed to the prize pool, and the jackpot increases in size. These jackpots can be worth millions of dollars at a time. Popular slots such as Aztec Realm, A Nightmare on Elm St., Irish Riches, and Millionaire Genie regularly have jackpots that reach seven figures. Some games can be operated over a network, meaning that the game studio will have the jackpot slot across a number of casinos offering the same prize. This means the top prize can be won by a player from another casino, and usually, these are slots with a huge jackpot to be won. Once the jackpot is won, the prize will disappear, and the game will default back to the minimum value and start building again.

It is important to note that progressives do not work the same way as jackpot slots, which are games with a jackpot waiting for players to hit a winning combination on the reels. Progressive machines build with every successive bet. Players can play hundreds of progressives online. BetMGM also has a number of titles with amazing prizes to enjoy.

Types of Progressive Slot Machines

While the idea for progressive casino slots is the same, the machines at casinos have slightly unique features. Some are stand-alone machines, while others are linked to various other machines. Below we discuss the different types of slots available.

Stand-Alone Machines

The stand-alone progressive works similar to other machines in that a portion of the player’s wager is funneled into the overall jackpot. On traditional stand-alone machines, the prize is usually displayed on the machine’s screen. They tend to be very popular, but they do not offer great payouts compared to the slots that you will find in a casino.

In-House/Local Slots

In-house machines offer players larger potential winnings compared to stand-alone machines. Here there are multiple slots linked to each other, usually 10 to 100 of them compiling more money, and the percentage of all the bets in the prize pools is displayed. Punters have a chance of getting generous payouts as compared to non-progressive jackpot games, but this will depend on how many slot games are linked together. In-house slots, as the name may already suggest, are usually found at brick-and-mortar casinos.

Wide Area Network

These are the most sought-after machines linked by a network to various casinos. Wide area machines provide punters with multi-million-dollar cash prizes and are often operated by third parties such as software providers linked to the game. Usually, the portion that goes into the jackpots is lower as they need to cover the costs involved in linking the machines. This includes both land-based and online casino sites. The chances of winning on these types of games is very low – as low as hitting a lottery jackpot.

Most Popular Progressive Slots Online

Below are some of the most popular progressive jackpot slots online and their features.

Mega Moolah

Mega Moolah is undoubtedly the most popular progressive online slot in the world. This top attraction title by Microgaming has been a fan-favorite together with other online slot machines since the provider went live online in 1994. In 2018 alone, the studio paid out an excessive $162 million to winners.

What makes Mega Moolah an exciting and rewarding game to play is the wheel spinning bonus game awarded randomly which leads to the jackpot being won. Once you trigger this special feature, you will be tasked with spinning a wheel with multi-colored jackpot segments. The compartments display four jackpots in order of size that are attached to the game – Mini, Minor, Major, and Mega jackpots. The Mega pays an amazing $1 million. What makes this slot game different is that you do not need to wager the maximum amount in order to stand a chance of winning. Instead, you can still trigger the bonus game no matter what stake you put in.

Mega Moolah Isis

A popular sequel to Mega Moolah, this exciting slots game consists of several ways to win depending on how you land the winning symbols on its 5 reels and 25 paylines. This game features an Ancient Egyptian theme, and the scatter in the game is the Hawk, which upon landing activates the free spins feature where you get 30 of them and a 6x multiplier. You can also double your winnings with the gamble feature which lets you guess the color of a face-down card correctly or quadruple your cash by guessing the correct suit of the card. However, if you don’t manage to guess correctly you forfeit all your winnings. Mega Moolah Isis also features four great jackpots with the largest one offering a whopping $1 000 000.

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Cleopatra Mega Jackpots

One of the popular high variance online slots by IGT which offers a massive win in the bonus game. Once the bonus game is triggered you get a set of free spins that can re-trigger and result in a mega jackpot. The winnings for Cleopatra Mega Jackpots online are paid off in annual installments, the same way as brick-and-mortars pay their winners.

Megasaur

A progressive slot that is easily spotted by a large dinosaur and ever-growing jackpot at the casino lobby. This top slot game by Realtime Gaming is speckled with bonus features which guarantee players amazing winnings. The game features 5 reels and 25 paylines in which if you manage to land five volcano symbols you win the full jackpot when spinning in the free games mode. This means you will need to trigger the free spins first. If you are betting less than the maximum bet and manage to land four or five volcano icons, the game pays a percentage of the jackpot depending on the level you are in.

Gladiator Jackpot

Players can win hundreds of thousands of dollars on Gladiator Jackpot, which is based on the film of the same name. The game features 5 reels and 25 paylines. It awards free spins that come with loads of added bonuses including the huge progressive jackpot. Players can wager as much or as little as they want, to win huge cash prizes in Gladiator. The colosseum in the game is the scatter which can award up to 100x your total bet. If you manage to land three or more of them, you are taken to a screen showing four levels where you get to reveal a mysterious prize. Amongst them are free games, extra scatters and wilds, as well as multipliers to give you a large boost.

Odds of Hitting a Progressive Jackpot

In order to win a progressive jackpot, you will need to get multiple winning symbols to line up. You can calculate the odds of winning by looking at the number of reels together with the number of symbols on the game. It is important to also consider how the payout in the jackpot is triggered and by which symbols. For instance, if you are playing a 3-reel slot with 10 winning symbols then it is 10x10x10 which equals 1 in 1000 chances of winning.

RTP and Probability

You can also measure the probability by looking at the Return to Player percentage (RTP). In loose translation, this is a statistical average of payouts of each bet that the player is supposed to get back in the long run.

Usually, the RTP of a slot machine will be around 95% to 99%. This is how the casino makes a profit, but if you look at the percentage, players get to make a lot of money too if they manage to hit a winning combination. The payout percentage is a great function to check payouts and probabilities, which is why it is important to look at when choosing online slot machines. When a slot has a lower RTP, you are likely to lose money faster when playing the machine. The payback percentage shows you how much you get to win for each combination on the game multiplied by the probability of that actually happening.

What Is A Progressive Jackpot Slot Machine

Biggest Progressive Jackpot Wins

Here are the biggest progressive slot wins of all time at both land-based and online casino sites:

1. $39.7 million on Megabucks at MGM’s Excalibur in Las Vegas (the largest win in Las Vegas history)
2. $34.9 million on Megabucks
3. $27.5 million on Megabucks
4. $15.12 million on Mega Moolah
5. $10.3 million on Megabucks at MGM Grand
6. $6.07 on Mega Moolah
7. $5.52 million on Mars Attack
8. $4.6 million on Megabucks
9. $3.65 million on Mega Fortune
10. $2.4 million on Lion’s Share at MGM Grand

How to Win Jackpots on Slot Machines: Best Strategy and Tips

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Progressive jackpot slots are for players seeking to win huge sums of money. Unfortunately, just as with the lottery and other massive prize games, the probability of winning is pretty small. However, there is always a chance. These are games after all. Below are some tips and tricks that we’ve put together to help you win. Although they are not guaranteed, anecdotal reports show that they can be quite helpful in your gameplay.

• Budget your time and money – Slots are exciting and very fast-paced games. As such, we advise you to strictly budget your time and money. Decide how much money you want to spend on a game and the amount you are going to spend on slots.
• Learn how to play – If you are interested in winning the top prize on progressives, it is important to familiarize yourself with how the games work, the RTP, and the different features of the titles you choose to play. You can do this by reading slot reviews as well as viewing the game information on the machine.
• Read Ts and Cs – Another important factor is to fully understand the terms and conditions at the casino you choose to play. You won’t need to worry much about the bonuses as most of them do not qualify you to play jackpots. Some casino sites often have a maximum withdrawal amount, meaning that it could take you a very long time before you can cash out your entire win. This rule, however, does not apply to other casinos. This is why it is vital to make yourself aware of the rules first before you can play.
• Choose high RTP slots – The higher the RTP, the higher the probability of the slot hitting.
• Mix Small & High Jackpots – While larger jackpots give you a chance to win as much money as possible, they are very difficult to win. Hence, they grow bigger and bigger, although this would sometimes be a result of the games having more players and syndicates. Lower jackpots are also great to give your bank a boost.
• Bet Max – At most, players will need to wager the maximum bet in a progressive in order to win the top prize. So, it is only worth your while to bet max to qualify to win the jackpot because whatever amount you bet goes towards the ever-growing prize pool.

FAQs

What is a progressive slot game?

A progressive slot game is a slot machine with a jackpot that grows each time a successive bet is made. Each time the top prize is won, the jackpot defaults to the minimum value and starts building again.

How often do progressive slots payout?

The moment they are won (kidding). The odds and probabilities of a jackpot are determined by the Return to Player percentage.

How are progressive jackpots paid?

Usually, in cash or cheque at a land-based casino. Winnings can be cashed out using a variety of withdrawal methods offered by the casino. From credit and debit cards, e-wallets, and wire transfer. It’s important that players check what payment options are available and their withdrawal limits.

What Is Wide Area Progressive Jackpot

Is it better to play progressive slots?

If you want to become rich instantly or on that note become a multi-millionaire, then yes.

What are the odds of winning progressive slots?

1 in 3 200 000 on a slot machine with 3-reels and 20 paylines.

Should I bet max on jackpots slot?

Yes. In order to win the full jackpot amount on a progressive, you will need to bet the maximum amount.

What is the best progressive slot machine to play?

1. Mega Moolah – $10,746,600.40 Jackpot

2. Aztec’s Millions – $3,544,570.39 Jackpot

3. Megasaur – $966,013.02 Jackpot

4. Spirit of the Enca – $294,153.27 Jackpot

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5. Going Nuts (*exclusive to BetMGM)- $3,050,083.50 Jackpot

6. Loot’ en Khamun (*exclusive to BetMGM) – $3,050,078.49 Jackpot

7. MGM Grand Millions (*exclusive to BetMGM) – $3,046,352 Jackpot

8. Mercy of the Gods (*exclusive to BetMGM) – $34,289.96 Jackpot

9. Divine Fortune (*exclusive to BetMGM- – $30,636.99 Jackpot

10. Fire Drake (*exclusive to BetMGM) – $1,010.05 Jackpot

Play at BetMGM’s Progressive Slots App

Today, there is a wide range of feature-packed slots to enjoy with progressive jackpots. Some people think that slots are too simple, or boring, compared to other casino games, but that is not true. At our progressive jackpot slots section, punters will find the best online slots offering massive progressive jackpots with the most appealing themes. Whether you are looking for mystic, sport, holiday, seasonal, film, or retro-themed slots, there is something to cater for your needs.

In addition, patrons can play casino online games such as the popular video poker, blackjack, roulette, and baccarat games among others. Our live casino also features these classic table games with real-life dealers if you are looking for more live-action. So, start playing your favorite casino games at BetMGM now for a chance at winning!