Thousands of players search for progressive jackpot slots, online casinos create separate tabs for them in game menus, and news tells us about big wins. Nevertheless, not everyone can tell the difference between regular and progressive slots.
If you don’t know that either, don’t worry. We have prepared a detailed explanation of the progressive jackpot slots principle of work and the advantages of these games. In addition, you will find some worthy examples of mega jackpot slots in our guide.
Why Are Progressive Jackpots So Popular?
So, let’s figure out what these slots are, how they differ from regular ones, and why they are in such demand.
- Super-massive jackpot
- Fixed jackpots and bonuses
- Immediate payouts
- High Variance
- Vast Choice of Games
The particularity of progressive jackpots lies in the word “progressive”. As you might know, casino games have lower and upper limits for bets and indicated multipliers. Hence, your maximum winning is also limited in any particular slot.
When gamblers lose, their money is added to the game prize pool. If players win, they get the corresponding payouts out of the total amount.
However, if we speak about progressive jackpot games, they offer a unique, super-jackpot prize. The sum isn’t fixed by the provider but is collected from all bets. Hundreds of casino clients test their fortune, a certain percentage of every stake on the slot is collected, and the prize grows. The winning may enlarge for weeks, months, and even years until the day comes.
Tens and hundreds of thousands are added to the prize pool until the full amount is paid out to a single lucky player. That’s it, the winner gets not a fixed share of the pool, but the total amount. The luckiest one takes it all! It is an alluring dream of every gambler.
Please, don’t think that the fantastic progressive jackpot is the only prize you can hit on such a slot. It would mean that only one player among hundreds of them would profit from a casino game. Moreover, a particular slot machine would pay out once in a blue moon.
Fortunately, fixed winnings can be hit as well. Progressive game machines are similar to regular ones in this regard. To be precise, they are high volatility slots with significant payouts. The total number of fixed jackpots equals three or four in most cases.
Moreover, such slot machines can feature special symbols like Wild or Scatter ones. Combinations of symbols may trigger bonus features like Bonus games as well. So, playing a progressive jackpot is very similar to making bets in a regular one.
All virtual gambling houses impose limits on the maximum withdrawals. Some online casinos remove these restrictions when it comes to the winnings on progressive jackpots. It’s not a rule, and they are not obliged to do that. However, it is a significant perk.
Imagine you won €1,000,000 and have to wait for practically three years until the full sum will be paid out to you within a €30,000 monthly limit. A situation like that seems a bit depressing, doesn't it?
Fortunately, the 1Red casino rids its clients of the limitations on progressive winnings.
High-variance games give out prizes rarely, but the amounts are impressive. That’s why some gamblers prefer these slots to low-variety ones.
And what games can offer more massive wins than progressive slots? Evidently, such titles are the main aim of players who hunt for a tidy sum.
Well, winning combinations don’t drop really often but mega jackpots wouldn’t be accumulated otherwise. If progressive prizes were paid out regularly, they would only contain a few euros!
It’s the same advantage that all slot machines have. You can find games with different features, of different styles and visual themes. In particular, 1Red offers hundreds of diverse and wonderful options.
How Can You Profit Playing Progressive Jackpots
The same tips that can help you win in regular slots are true for jackpots. The main recommendations are the following:
- Practice
- Search for features
- Manage your bankroll
1Red allows players to try most games in a demo version. Don’t miss your chance to get acquainted with the peculiarities of a new title.
You may be surprised but progressive jackpots may also include special symbols like Wilds or Scatters.
Remember that slot machines are games of luck and every spin matters. Give yourself more opportunities to win!
And the main rule is that you should keep in mind the true goal of your play. Wins are always pleasant, but the main goal is to entertain yourself!
History of Progressive Jackpots
You will probably be astonished but progressive jackpots appeared before the Internet was spread and online casinos were launched.
Actually, the first accumulative prizes were included in craps, baccarat, blackjack, roulette, and lotteries. Gambling houses allured gamblers with so-called progressive pots. Amounts in them grew bigger as players made their bets, which increased their charm even more and made the temptation practically irresistible.
A slot machine with the progressive jackpot prize appeared in March 1986. It was the year when the IGT (International Game Technology) provider developed the Megabucks machine. Instead of the Internet connection, slots were linked by phone lines.
Megabucks paid out not only fixed winnings but also sums accumulated from the bets gamblers had made. About 10% of every stake was added to the grand prize.
Although the chance of hitting the jackpot of life was assessed at about one out of 49,836,032, it was real indeed. A miracle happened less than a year after the game was presented to the general public. The first lucky player was fortunate enough to get $4,988,842, or €4,338,446, in February 1987.
Needless to say, the dream of becoming a millionaire with a single lucky spin without any effort attracted lots of gamblers. Despite the tiny chance of realizing that wish, players continued to hope that goddess Fortuna would turn her divine face to them and grant them her favor.
When the World Wide Web spread its threads and got into houses, the era of online casinos began. Surely, virtual gambling houses couldn’t have failed to provide such popular games as progressive jackpots.
By 1997, technologies became advanced enough to create the first online progressive slot. The Microgaming company managed to become a pioneer in this gambling market sector and presented their Cash Splash game.
Nowadays, jackpot networks of top providers are worth millions of dollars. And fortunate gamblers still might enjoy a stroke of luck. The most famous winning in online casinos was paid out by the Mega Moolah slot. A British soldier spent about a meager 25 pence, or 34 cents, and hit £13,209,300, or €17,879,645.
Final Notes
Thus, progressive jackpot slots have conquered a wide audience and become one of the most demanded games on gambling sites. Today, plenty of casino clients push their luck and aspire to a life-changing win.
Although only a handful can get the grand prize, our first-rate slot machines offer several different jackpots. Therefore, the number of victorious players increases significantly.
Test your luck and become one of the happy souls that benefit from our marvelous casino games. Select any title from our extensive collection, play progressive jackpots consciously, and have a whale of a time in the 1Red online casino!