Jackpots are the main attraction of most online casinos. Players tend to flock gambling sites with huge cash prizes. Recently, more casinos have started to offer games with progressive jackpots. Not only do they add appeal to the gambling platforms, these jackpots also make online gaming more exciting. But what exactly are progressive jackpots?
A progressive jackpot is the grand prize or payout of a specific game or the entire casino that is up for grabs. From its name alone, it’s obvious that this type of casino jackpot has the ability to grow in value over time. Progressive jackpots continue to grow bigger when they are not won.
Typically tied to online slots, progressive jackpots increase in value every time someone spins the reels. A small percentage of a player’s bet is added to the jackpot. This explains how the jackpots can grow to massive figures—some cross the million mark.
Another type of progressive jackpots is called pooled jackpots. These are grand prizes pooled in by multiple online casinos collaborating on a single big-time event. Every player of each casino contributes to the jackpot prizes, so there’s a bigger chance for one lucky player to win a massive prize.
According to the Guinness Book of Records, the biggest payout for an online pooled jackpot was $20 million. It was won by a British solider while playing Microgaming’s famous Mega Moolah online slot machine in 2015.
Of course, everyone should be aware that the chances of winning a progressive jackpot are always extremely slim. It’s like playing the lottery where many players try their luck, but only one or a few get to bring home the jackpot.
If you want to test your luck, we strongly recommend SportsandCasino since it houses plenty of progressive jackpot slots. Major Moolah is available on the site. But if you want something different, the casino offers about 30 slots with exciting jackpots.