Everything You Need to Know About a Progressive Jackpot

Everything You Need to Know About a Progressive Jackpot

Mega Moolah progressive slot
Microgaming’s Mega Moolah progressive slot

The world of online casino gaming never ceases to amaze players. These days, it’s hard to find someone who hasn’t dabbled with the likes of poker, blackjack and online baccarat. But, most popular of all are the slots. With more and more titles released, almost monthly, complete with enticing bonuses and the chance to play in free mode before wagering real money, it’s no surprise that slots are so popular.
There’s also no denying the desirability of hitting a life-changing jackpot. In fact, it’s the progressive jackpots many players spin the reels for.

What Exactly Is a Progressive Jackpot?

A progressive jackpot is a prize pool that you’ll come across in some online slot games. As players play the same slot at different online casino operators around the world, the pot grows. So, the amount of prize money increases as bets are made. While progressive jackpots are most commonly associated with slots, it’s not uncommon for them to be offered in video poker, roulette and blackjack. One of the most popular progressive jackpots is Microgaming’s Mega Moolah, which has been known to transform lives with millions of Euros payouts.

Different Kinds of Progressive Jackpots

There are a couple of different kinds of pooled prize pots worth knowing about.
In-house – these jackpots are formed within the same casino or across associated operators. The overall prize comprises money deducted from all the slot machines.
Area wide progressives – this type of progressive pot offers players a maximum amount of winnings. With an area-wide jackpot, there is also potential for massive payouts.

How Did Progressive Jackpots Come About?

Pooled prizes first came about in the older rules of poker. If at least one player at the table had a pair of jacks, the bets increased. These days, many online casinos offer Caribbean Poker, where players are required to continue wagering in order for the prize pool to grow. Wagers must be placed before the cards are dealt. To hit the jackpot, you need to be lucky enough to have a royal flush. Should you find yourself with a straight flush, you will get 10 percent of the prize pool.

How Do Slot Jackpots Grow?

When it comes to online slots, the prize amount continues growing all the time, even if you’re not the one spinning the reels. Each time a player places a bet, no matter how small, it’s added to the total progressive prize.
Over the years, many lucky online players have hit a big windfall this way. Both Microgaming and NetEnt are renowned for their massive progressive jackpot payouts.

Will You Be Next?

Whether you prefer to bet the maximum amount for each spin or dabble diligently, you still stand a chance of hitting the big prize. All you have to do is create a player account with your preferred online casino operator, make your first deposit and start playing. You never know, you might just be the next big winner.