What Are Progressive Jackpot Slots?

Updated: December 8, 2020

Who never dreamed of hitting a jackpot… We must have all done it at least once when reading articles about lucky players who got hundreds of times richer by winning a jackpot. But what do we mean exactly when referring to progressive jackpots? What are they, how do they work and why are they so popular?

Regular Slots VS Progressive Jackpots

To make things clear, let’s agree that all slots have jackpots. Yes, even regular slots have them but the difference between them and progressive jackpot slots is that the jackpot there is fixed. It means that they are always worth the same amount, no matter how many times, or how frequently they are won.

Regular slots often offer prizes which are significantly smaller than progressive jackpot slots, and the amount that you can win is often based on the amount that you wager.

Example:

Let’s say, a regular slot may have a jackpot which is worth 500x your total stake. If you win the jackpot, it will always be worth that exact amount, no matter whether you have wagered $0.20 per spin or $200 per spin. You will always win 500x that amount.

Progressive Jackpots

However, progressive jackpot slots offer jackpots that change and are never fixed. Every time a player wagers some money, the jackpot increases in size.

In contrast to regular slots, these jackpots can reach as much as millions of pounds at a time. Once the prize is won, it disappears and goes back to its standard lever. From there, it will again build up over time, as players start to wager on the slot.

Such slots run over a network of different casinos, meaning that if a progressive jackpot slot is offered in various online casinos, they will all have the same prize. This means that a prize might not necessarily be won at the casino of your choice.

Now you probably understand why progressive jackpots are so popular among slot lovers. The idea of becoming hundreds of times richer speaks to us all and one has not to be asked twice to try their luck.

Play Mega Moolah – The Most Popular Progressive Jackpot

In 2018 alone, this wonderful game caught the attention of the world when its “Mega Jackpot” was triggered seven times, resulting in more than £50,000,000 being paid out to players.

Play Mega Moolah at Party Casino NZ!