Offering breathtaking jackpots of thousands to millions of dollars/pounds, progressive slots are some of the most popular online casino games today. While seasoned players are well versed with the fact that there are many casino games with a lower house advantage like poker or blackjack, they still prefer to try their luck at the networked progressives. The motivation of these players is obvious; these games have the highest payouts.
Progressive jackpots were first introduced in the slot machines in Las Vegas a few years ago, but the jackpots were only fed by the bets placed on certain machines and the payouts never surpassed $10,000. These types of slot machines are still extensively spread in land-based casinos across the world, but their popularity has slightly dropped since the introduction of internet casinos. Currently, progressive slots attract millions of player’s every day and accrue jackpots of over $10 million. This is because, as of today, players already know that with some element of luck, they can easily win life-changing sums of money with just one bet worth just a few dollars.
How Progressive Jackpots Games Work?
Unlike many slot games that have a fixed jackpot, profitable progressive slots have increasing jackpots that accrue over time with every wager that is placed on them. The concept is pretty simple; a smaller percentage of each bet feeds the larger pool of cash until a lucky player hits the winning combination, which activates the jackpot payouts. Technically speaking, the biggest jackpot can easily be won at casino games that have the biggest bets and the largest players. There are some important things that one should consider before investing money and time with progressive slots.
One of the most important things that players should learn is how they can qualify for the jackpot games because not every wager on the profitable progressive slots can result in winning a life-changing payout.
The jackpot is another vital component in these types of casino games. After the jackpot is won, the highest payout amount resets and retraces back to the level that it began.
Odds & Expected Return
The odds of winning the progressive jackpot on the slot games are quite small, often much smaller than winning a lottery. If the jackpot is removed from the calculation, the house advantage becomes quite different.
Most Popular & Profitable Progressive Jackpot Slots
Many of the most renowned casino software providers have added slots with the progressive jackpots to their game collections. Yet, most of the online slots you find at any online casino, don’t fall into this class. Therefore, for you to discover the best progressive jackpot games, you might have to do some research and check other sites than you would want. The good news is that some casino progressive slots are just as profitable as they are as exciting to play. Developed by some of the highly reputable software companies in the online gambling industry, these attract more players with the promise of winning life-changing sums of money.
1. Mega Moolah
With a huge progressive jackpot, which starts at about $1million, Mega Moolah is one of the most popular and generous slots games around. The game is designed by Microgaming, a renowned giant in the online gaming industry. Microgaming is also largely known for developing the best progressive jackpot games. Microgaming is known to have one of the most impressive portfolios around. Essentially, Mega Moolah is largely considered to be the penny slot, since the minimum wager begins from $0.01 per payline, and goes up to $0.05, whereas the maximum wager is just $6.25. The Mega Moolah is connected with other casino games and is a part of the software company’s large profitable progressive jackpot slots network. It is for this reason that payouts are usually over $5 million.
2. Mega Fortune
Mega Fortune is another remarkably popular casino slot with a progressive jackpot. Developed by Net Entertainment, 25 lines, 5-reel Mega Fortune slots are one of the most respected and largest casino game developers today. This casino slot is largely inspired by the flamboyant lifestyle that features Champagne and Yacht as a scatter symbol and wild symbol respectively. Players can easily pick from the huge number of paylines they want to wager on whereas the maximum wager size is $50.
3. Jackpot Giant
Another incredibly popular progressive jackpot slot is the Jackpot Giant. This 5-reel progressive jackpot slot features 50 lines and dynamic graphics, something you most likely won’t find in any other casino game. This attractive slots game features an impressive giant who hypothetically still lives in the 1500s and spends most of his time throwing coins into the volcanoes. Playtech is the software provider that created this fascinating casino game, a well-respected creator and supplier of high-end casino software solutions that largely count on stunning technologies. The company offers some of the most modern casino games featuring beautiful animations, superior graphics, multiple bonus features, and many special symbols.
3. Hall of Gods
The Hall of Gods is another adventurous progressive slot game that features 20 paylines and provides some of the best jackpots out there. Developed by NetEnt, this 5-reel progressive jackpot game is a high-quality game that is based on the Nordic mythology and the Nordic gods. There are many Scandinavian gods like Thor, Loki, Freya, Idun, and Odin. Also, there is a dragon that represents the expanding Wild.
Choose A Progressive Online Casino
Almost all land-based and online casinos offer their players appealing progressive jackpot games. At most online casinos, you will find more than 5 different progressive jackpot slots, while at some online casinos, players can pick from more than 30 games supplied by different software providers. There is a wide range of progressive jackpots catering for different types of players, so, if you want to find a trusted online casino that offers progressive jackpot games, stick to one that offers a wide range of diverse progressive collections.
Technically speaking, players that are new to the online gambling industry, have only played at a few online casinos, and would most likely want to find an online casino that is respected in the online gaming industry. Reliability and safety are quite important, particularly with regards to wagering on progressive titles- players prefer to make large deposits and huge wagers. Also, you will need a reliable casino that pays out the jackpot quickly regardless of how big it is. Speaking about the jackpot payouts, players also need to check if the online casino has a policy that limits all cashouts or there are exceptions to the maximum withdrawal limits after players have won the progressive jackpot.
Progressive Jackpot Withdrawals
Winning a huge jackpot is without a doubt a remarkable experience. For many players, this heavenly moment is just unforgettable even in situations where the player has only won $100. However, it’s the massive jackpot of a million dollars that will take your breath and change your life, as you know it. Essentially, the experience is also overwhelming for online casinos. In most cases, many online casinos are not able to pay out the huge amounts. It is for this reason that most profitable progressive jackpot slots are paid out by software developers.
Biggest Progressive Jackpots Won
The biggest progressive jackpot ever won was $39.7 million. This jackpot was won in the Las Vegas Excalibur Casino, on one of the highly popular slots titles, IGT’s Megabucks. A few years ago, the Megabucks was only available at the popular land-based casinos, but currently, you can also find it at the leading online casinos. While online slots haven’t reached such huge payouts, they are fast gaining popularity and will soon get there.
For example, Mega Moolah is well known for the huge payouts that are given regularly to different players from around the world. Back in the year 2015, a British soldier won £13,213,838.68, in “The Millionaire Maker.” The soldier managed to hit the jackpot by only placing a £0.25 stake. Mega molar has made many people rich, back in 2016, Marcus Goodwin, a Canadian won CA$11,633,898, while just a few months ago, a New Zealander won a whooping NZ$10,144,395.82.
Progressive Slots FAQ
What is the main difference between a progressive jackpot and a jackpot?
The typical jackpot in most online games is usually fixed and can easily be won by hitting the highest and rarest paying combination like it is the case with video poker and slots games. On the other hand, the most profitable progressive jackpot slots come with a known jackpot meter.
Can I know when a progressive jackpot pays out?
No. There is no way for you to find out when the progressive slot is just about to pay out the biggest jackpot because this is a game of chance whose outcome is based on pure luck.
How can I cash out after winning a jackpot?
Withdrawing after winning the biggest jackpot is quite different for online and land-based casinos. For example, as Vegas casinos pay out the winnings immediately. But the biggest jackpots are usually paid out in annuities and you will receive the multi-million prizes over the next 25 years. With online casinos, you can only cashout between $2000 and $2,500 every week.
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Ari Waknine was born in Brooklyn, New York and was the founder of iGamble Group, an online gaming critique firm that helps players pick online gambling websites that fit their profile, as well as, helping them to increase their winnings. He is also the founder of NewCasinos.org, and is strictly focusing on this project making stronger and better than ever.