If you want to learn more about jackpots in casino games, you’re on the right page. We’re going to explore how jackpots work, discuss various types of jackpot prizes and give answers to many of the most common questions our players have. More importantly we guide you to the casinos that offer the best jackpots.
Jackpot is another name for the highest possible prize you can win in a single game. Therefore, jackpots date back to ancient times when various gamblers would make a prize pool and award the winner of the game with the highest possible prize. The concept of jackpot evolved with casinos, as many started offering high prizes for certain games. They became very popular in the 20th century, especially when countries started offering huge lotteries that awarded millions of dollars to lucky players.
The Internet brought about a huge increase in popularity, as many online providers started offering slots and other casino games that have progressive jackpots, turning the luckiest of players into multi-millionaires overnight. Mega Moolah is currently the most popular video slot that offers a progressive jackpot. The highest recorded online jackpot won was about $27 million by a person named Jon Heywood, who won it in October 2018
Jackpots are different depending on the game you play. If you play online video slots, which are the most common option among players who like jackpots, all you have to do is land a combination of symbols that trigger the jackpot. Some other slots will offer additional special features that you need to trigger to enter the jackpot mode and test your luck. The best way to determine how to get a jackpot is to read more on the official info page for the slot of your choice.
Other casino games sometimes offer jackpots as well. For example, you can get a jackpot by playing various casino poker options and trigger the payment if you have a specific card combination.
There’s no rocket science behind the way jackpots work. Casinos offer prizes, and the luckiest player will get it.
As previously mentioned, jackpots are won if you’re extremely lucky, so there are no concrete strategies that can improve your chances. Still, there are a couple of tips you can keep in mind to improve your overall playing experience, so let’s take a look at some of the most popular ones.
Create a special budget for playing jackpot games and stick to it. Don’t spend your money outside the budget as that can severy impact your wallet.
Don’t cross this limit- it’s about mindset. Think of it like this: you’re not a loser as long as you stick to the loss limit. Crossing the line means game over for you.
Learn more about the games offering the jackpot and explore their features before making a real money bet.
Carefully pick the slot you want to play before making a real bet. Read the terms and conditions.
Feel free to use one of the jackpot tracking tools to learn more about big jackpots offered in online slots (but don’t trust them too much).
Check out the bonuses and promotions offered by the casino of your choice.
There are two main types of jackpots that are offered in casino games: fixed and progressive.
The fixed ones are constant. If the slot offers a $100,000 jackpot, that’s the only amount you’ll be able to win. Fixed jackpots do not grow in size. They are sometimes called flat jackpots, standalone jackpots or non progressive jackpots.
Fixed jackpots can be kind of sub divided into 2 categories. One type of jackpot is wager based, the other type has a permanent cash prize. Which ever the fixed jackpot, once someone hits it, a new fresh prize is automatically added for the next player to win.
Progressive jackpots are a bit different, and they are more popular compared to their fixed counterparts. They continue to grow with every wager that players make. Every time you spin the reels, a small portion of your bet is added to the jackpot. That’s why some games offer millions of dollars in jackpot prizes.
Every progressive jackpot has a seed value, which is the amount that it resets to when someone wins it. In other words, the jackpot doesn’t start from $0 but form the amount determined by the provider. For example, if the seed value is $100,000, that’s the smallest amount you’ll be able to win.
This type of jackpot is only limited to just one slot. All players who play that slot will contribute to the jackpot, and the luckiest ones will get to win it. You cannot take a shot at the jackpot by playing any other game. This is the most common type of jackpot, and it usually offers the lowest prizes out of the three types described in this section. On a more positive note, the chances of winning the main prize are higher compared to other jackpot types.
This is perhaps one of the most important types of progressive jackpots as it offers the largest prizes. That’s because many different games in many different casinos are all part of the jackpot network, which means that many players are contributing to the jackpot at the same time. These jackpots are also the most difficult to hit, so you have to be extremely lucky in order to become a winner. The odds are often similar to the odds of winning a lottery.
Standalone casinos can offer jackpots of their own. Several different slots can be connected to the proprietary jackpot network, and all players that play them in the casino will contribute to it. This type of prize is not as big as wide progressive jackpots, but they are usually higher compared to standalone jackpots. These are often referred to as in-house progressive jackpots and are very popular in land-based casinos, but online casinos offer them from time to time as well.
One cannot really determine the odds of winning a progressive jackpot, as they all come in different sizes. If the seed value of the progressive jackpot is $1,000, it means that the odds of winning it are probably high, and you’re likely to win if you’re lucky just a little bit.
On the other hand, there are some multi-million dollar progressive jackpots that are very difficult to hit, and you need to be extremely lucky to get it. For example, the odds of hitting a Mega Moolah progressive jackpot are close to one in 50 million. Therefore, you don’t have to be a math genius to see that you need to be extremely lucky to get it.
The best thing you can do before playing a game that offers a progressive jackpot is to learn more about the odds of winning it. Please take into account that providers aren’t really keen on displaying those numbers publicly, so you’ll have to dig a little deeper to find that piece of information.
There are two ways to get paid if you win a progressive jackpot — in a lump sum or monthly increments.
If the provider offers to pay you the lump sum, you’ll receive the entire amount to your bank account, no matter how big the prize is. On the other hand, if you get monthly increments, it means you’ll get monthly payments for a certain number of months until the entire sum is not paid out completely.
Some providers only offer monthly increment payments and determine the maximum amount of money you can receive per month. Players have different preferences when it comes to this. Some like to receive the entire amount, and others prefer increments.
Finally, don’t forget that you may have to pay tax on your casino winnings. The laws regarding this are different for every country, so make sure to check how much you’ll have to pay if you win a progressive jackpot.
Land-based casinos are licensed and regulated in Canada, and some of them offer jackpots to their visitors. However, online gambling is where the real fun starts as games offer millions of dollars to the luckiest of players. Unfortunately, Canada still hasn’t sorted out the legal aspect of online gambling, so it’s mainly considered a gray area. Also, please take into account that different territories have different laws regarding gambling in general, meaning you should check with your lawyer first if you come from a territory that hasn’t had a favorable view on gambling throughout its history.
It is widely regarded as the leader in the online gambling industry when it comes to progressive jackpots, as it’s the company behind Mega Moolah.
NetEnt offers games such as Mega Millions and Divine Fortune, in addition to many other popular progressive jackpot games. It’s also one of the industry leaders.
Realtime Gaming offers a wide array of slots, and many of them offer jackpots. The most popular one is Aztec’s Millions.
Playtech offers a wide array of popular jackpot games, and its Beach Life is one of the best mobile progressive slots.
Play’n GO is one of the most consistent online developers, releasing new games almost every week, with some of them featuring lucrative jackpots
Yggdrasil doesn’t often release new games, but when it does, it creates a masterpiece. And some of these games, such as Jackpot Express, feature huge rewards.
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