For the Most Massive Wins, Play Progressive Jackpot Slots
You’ve probably heard at least a couple of stories about lucky gamblers who won several million dollars in a single spin. Well, first of all, such stories are true — people really win such grand sums in online casinos. Secondly, all of these stories are about progressive jackpot slots.
So, what are progressive jackpot slots? In fact, they are 95% identical to regular online slots. The same reels, the same rows, the same symbols falling into paylines — there is nothing uncommon in the gameplay if you know how to play slot machines.
The only thing that makes progressive jackpot slots stand out is exactly how these jackpots are accumulated. It’s the principle of network accumulation that allows for multi-million prizes to be paid out to lucky players. How does it work? Just read the next section!
In fact, there’s nothing too complicated about the principle on which progressive jackpot slots work. We will explain with simple examples, and the most easy-to-follow analogy is fund-raising.
First of all, let’s reiterate how ordinary online slots work. When you make a bet and lose it, the bigger portion of money goes to the casino and also a little fee is paid to the software provider.
In progressive jackpot slots, on the contrary, the bigger portion of your bet goes to the cumulative prize pool. So, when you lose your bet, it adds up to the amount of the special jackpot, and only small portions are taken by the casino and the software provider.
Why are these jackpots called “progressive”? It’s because the prize accumulates exponentially, or in the geometrical progression. In simple words, it means that the more people play a progressive slot, the bigger the prize becomes with every spin.
However, how do these jackpots reach multi-million figures? There are two factors. First of all, there is no upper limit for a progressive jackpot’s size. Secondly, a winning combination for a progressive jackpot rolls out extremely rare.
For example, it’s not uncommon that a progressive jackpot isn’t claimed for a year or two. During all that time, the prize keeps growing and nobody can hit the winning combo. This way, you get progressive jackpots worth more than 10 millions of dollars.
There is no long story to tell — gameplay is identical in both regular and progressive slots. You set your bet size, hit the Spin button, and watch the reels roll — the rest is Lady Luck’s job!
But still, you need to know that all progressive jackpot slots are high volatility slots. What it means is that wins occur extremely rare in these slots, but the prizes are massive. In fact, progressive jackpot slots have the highest possible volatility.
Keep that in mind because you will have to wait for a payout for a pretty long time. Other than that, playing progressive slots isn’t any different from regular slot machines.
There is no secret trick to it. As we already mentioned in other parts of this FAQ, wins occur rarely in progressive jackpot slots because otherwise casinos would go broke by paying out all of these big prizes.
So, the only rule is to be patient. We believe that the best approach to progressive slots is “one day at a time”. Just log in, make a spin in a progressive jackpot slot, and simply close it if you didn’t win.
You may think that betting for several hours straight will definitely bring you a jackpot, but in reality the chances are the same. Be patient, be consistent, make your bets daily, and there will be a moment when your patience will be rewarded greatly!
The answer depends on what your question implies. Does it have to pay out in general? Of course it does, lots of people reap their rewards in these slot machines. Does it have to pay out to you specifically, maybe even payout every time you hit the spin? No, it absolutely doesn’t.
All slots, including the progressive ones, are operated by the Random Number Generator. It is an independently-certified software that is absolutely fair and random: no one can predict an outcome of the spin. You cannot predict it and the casino cannot predict it either.
So, a short summary: progressive jackpot slots always pay out when you get a right combination of symbols, but getting the combination requires a lot of patience.
Despite that winning a progressive jackpot might seem as something impossible, there are quite a lot of stories about lucky players who made a fortune in these slots. For example, one of the latest record-breaking jackpots was won by a Canadian player on January 30, 2019. He played Mega Moolah, an incredibly popular progressive jackpot slot by Microgaming, and managed to win a whopping prize of CA$20,069,287.27. You can also easily find dozens of similar stories if you search for the “biggest progressive jackpot wins”.
So, don’t hesitate and don’t consider progressive slots as something you can never win — the wins are real and it’s just the matter of time when you’ll cut your slice from this pie!
This is an understandable concern, especially if you had a negative experience with scammy casinos that couldn’t even pay you some $200. However, there are two factors that should make you worry less.
First of all, progressive jackpots are not the property of a single casino, and that’s why it won’t feel sorry for paying you out such a grand sum. In the majority of cases, progressive jackpots are accumulated through a network of dozens and even hundreds of gambling sites.
Secondly, all reputable online casinos have a section in their terms and conditions that states that if you win a progressive jackpot, it is paid to you in full, regardless of withdrawal limits of a particular casino.
Yes, it’s true! It might seem that this is the invention of the Internet era, but in fact the idea of progressive jackpot network was introduced, developed and implemented in the 1980s.
To be exact, 1986 was the year when progressive jackpots were invented. The first progressive jackpot slot machine was introduced by none other than IGT (International Game Technologies), one of the oldest players in the gambling industry. You probably saw lots of their games on different gambling sites. Now you know that they were the inventors of progressive jackpots!
The slot machine that was released in 1986 was called Megabucks, and it gained incredible popularity after one lucky gambler won a massive jackpot for the very first time. Since then, lots of other progressive slots have appeared, but the history started with Megabucks.