Video Slots offer fixed Jackpots, while progressive jackpot increases every time a player wager. A tiny percentage of each bet feeds the prize pot called the jackpot, while the term progressive indicates that the value of the pot progresses with every stake.
Progressive jackpots offer the biggest payouts, even more so online, since the jackpots grow much quicker due to the number of players participating. There are two major types of progressives, including local and network jackpots.
Local Jackpots
Local jackpots are confined to one online casino and one game. Although the concept remains the same, a percentage of the bet contributes to the jackpot. The benefit is that the jackpot can only be triggered by a member of that casino. However, local jackpots grow slower in value compared to network jackpots.
Network Jackpots
When it comes to multi-million payouts form a single spin, network jackpots are the best payers. Network or pooled progressive jackpots are linked to several online casinos. Players at all these casinos contribute to the same jackpot, which means the value increases at a rapid pace and quickly reach an enormous amount.
The most popular online network progressive jackpots include Mega Moolah and Mega Moolah Isis by Microgaming. Eight figure wins offered by life-altering jackpots include payouts from Mega Fortune, Halls of Gods and Divine Fortune.
Microgaming is one of the leading developers and its progressive jackpot network, in January 2019, exceeded the 1 billion mark in payouts. Awarding multi-million jackpot payouts since 1999, the developer’s phenomenal payouts worth 17,879,645.12 earned a place in the Guinness World Records as the largest jackpot payout awarded by an online slot.
Mega Fortune is the biggest when it comes to NetEnt jackpots, although Hall of Gods has awarded massive payouts worth 12.15 million. It is one of the most popular mobile jackpots and favoured for its animated action, 3D graphics and high-quality sound effects.
Random Progressive Jackpots
To win a progressive jackpot, you need to activate the jackpot round, and it can include a pick-me-style bonus. The symbols you choose then determine the jackpot you qualify for. Random jackpot games give you the chance to win a progressive jackpot at the end of any spin. There is no need to hit a special combination or enter a special bonus round.
If you’re ready to chase big jackpot payouts, your first action should be to read the jackpot terms. The size of your bet could influence the activation of life-altering payouts.
MOST POPULAR ONLINE CASINO & SPORTSBOOK WIKI TERMS
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