The Mega Moolah, a progressive jackpot slot has surpassed £11 million, bringing it close to the all-time record win of £16.4 million. If you prefer to play in US dollars then currently that’s a current value of $14.25 million (all time $21 million) and if your chosen currency is the Euro then that’s €12.7 million (all time €19 million).
Given that the Mega Moolah is won on average every eight weeks, and that the jackpot was last won (at the time of writing) nearly ten weeks ago, it’s clear that someone in the online wagering realm is likely to soon becoming very rich indeed!
Here we take a look at Mega Moolah and a few other online progressive slots, outlining their history, and their current jackpot.
Mega Moolah (Microgaming)
2019 was a very good year for Mega Moolah – or at least it was for the players playing it. The jackpot was triggered several times, and to the total tune of £17 million. The record win was recorded in September at the Grand Mondial online casino for just under €19 million. This beat the previous record of £14 million which was set in October 2015 by Jon Heywood at the Betway online casino. There has only been one further better win than Jon Heywood’s jackpot and that the first win of 2019. This was achieved by an anonymous player who netted $20 million at the Zodiac Casino.
Since the slot was created late in 2009 the jackpot has been won 62 times. Every single payout of this progressive jackpot has been in excess of €1 million, with the lowest-ever win being just over that lower limit. Indeed, it is impossible to win anything lower than €1 million when playing Mega Moolah as that’s the lowest jackpot this slot is seeded at.
The average win for Mega Moolah is just over €5 million and it is won on average every eight weeks. At the time of writing the last jackpot win was a little under ten weeks ago, so Mega Moolah could blow any time!
Shopping Spree (Bovada)
If you want a slot that’s ‘due’ to pay out, then you need to head to the Bovada Casino and start playing their proprietary slot Shopping Spree. This slot is proprietary as it cannot be played anywhere else except at the Bovada Casino online casino.
To say that this online slot is due a payout is a little bit of an understatement. People have been playing this slot since December 2009 and in all that time the progressive jackpot has been won … once. That occurred two years into the slot’s lifetime, just before Christmas 2011 when $1,244,529 was won. If the jackpot has not been won by Christmas 2020 then this slot will ‘celebrate’ a whole decade without paying out that winning jackpot.
Lion’s Share (Las Vegas)
You may think that 10 years is a long time for a progressive jackpot not to pay out, but that’s not even close to the record.
In August 2014 a visitor to Las Vegas in the USA from New Hampshire netted the progressive jackpot on the famous ‘Lion’s Share’ three-reel slot, winning a tasty £2.4 million. That perhaps is not so amazing, but what is amazing is that the last time the slot had paid out was in 1994, twenty years previously!
There had once been at least 20 linked ‘Lion’s Share’ slots in Las Vegas, but as they were old they were all retired bar this one. Once the progressive jackpot had been won the old machine was unplugged and finally retired.
Jackpot King (Blueprint Gaming)
Blueprint Gaming’s Jackpot King is another online slot with a progressive jackpot that is a little shy when the times comes to cough up. This game was released into the slotting realm in May 2016. It took over two years for this video slot to cough up, which it did so in November 2018 to the tune of $2 million … and it hasn’t been won since.
The main jackpot on Jackpot King has now risen above €3 million, at the time of writing. If you want to be in with a chance of winning this jackpot then you need to head down to the Paddy Power or Betfair Casino, as the jackpot is only available at this site.
This is a multi-machine progressive jackpot as it is available via a number of video slots titles, including:
- Slots of Gold
- Tiki Treasures
- Gold Frenzy
- Ave Caesar
- Fortunes of Ra
- Irish Riches Megaways
- Deal of No Deal – What’s In Your Box
- Stat Spinner
- Diamond Jackpots
- The Naked Gun
- $uper $pinner
… and a few more.
What Are Progressive Slots?
If you fancy a big payday at an online casino, playing progressive slots is perhaps your best shot. These online casino slots don’t just pay – they pay big time! Their payouts dwarf those of classic online casino games like roulette and blackjack by a huge margin. And they’re not just stupendously rewarding, they are equally exciting and fun to play.
At NewCasinos.org, we pride ourselves on being online slots specialists. We’ve done thorough research, and condensed our years of experience into this list of best online casinos to play progressive slots. Remember not all online casinos are created equal – don’t say we didn’t warn you.
Which begs the question: what actually are progressive slots? That’s the question we look to tackle in this blog post.
Welcome to the World of Jackpot Slots …
For lack of better a description, progressive slots are the superstars of slot machines. Also called progressive jackpots, these slots can pay hundreds of thousands if not millions of dollars on a lucky spin. But if you have played regular slots, then you know also they do have jackpots. So, what’s the difference?
Unlike conventional online slot games that have “fixed jackpots,” progressive slots have jackpots that grow with every spin. As you wager more and more coins, the jackpot rises. When you hit a jackpot on a regular slot, you will be paid a fixed amount. If the jackpot is 300x, you will be paid 300 times the size of your stake. You will win 300x your wager whether you placed £0.05 or £1000 per spin.
That’s not the only fundamental difference between regular slots and progressive jackpots. Progressive slots, for one, have bigger and more lucrative prizes than traditional slots. When a progressive slot is won, the high prizes usually reset to the standard default amounts. It will then rebuild as more and more players place their wagers on the progressive jackpot.
How Progressive Jackpots Actually Work
There is a lot of confusion about progressive jackpots, how they work, and how online casinos manage to pay them out without going bust.
For one, the online casino at which a progressive slot game is hosted does not pay out the jackpot – the company who created the slot do. Secondly, the jackpot is created by the players playing the slot, and not by the company who created it!
Progressive jackpot slots work like a lottery. Say for example a lottery ticket costs £1, and 20p of that £1 is taken to create the prize-winning pot. If one million lottery tickets are sold, then that creates a winning jackpot of £200,000.
Slots with progressive jackpots work upon the same basis. A percentage of all cash ‘inserted’ into a specific slot is pooled to create the jackpot. This includes all versions of the same slot played across multiple online casinos by multiple players.
The slot itself dictates how the jackpot is awarded – either at random or by landing a specific and rare combination of winning symbols. Of course, the more popular a progressive slot is the bigger the jackpot becomes, and many progressive jackpots – such as those awarded by Mega Moolah – gain the ability to change your life.
Why not find your favourite progressive jackpot slot and see if you are fortunate enough to win a ton of cash?
Types of Progressive Slots
Most online casinos carry three types of jackpots:
Standalone Progressive Jackpots
Standalone progressive slots are still the staple of land-based casinos. But they aren’t as popular with online casinos. Each progressive machine comprises a jackpot ticker. However, the bets wagered on that particular machine are the only ones that increase the jackpot. That’s why not many standalone progressive slot machines pay more than £10,000.
Local Progressive Slots
Local progressive slots take it up a notch from standalone. This is usually a network of slot machines within a specific casino. It can consist of scores to hundreds of slots. If you are lucky, you can land more than £100,000 on a local progressive jackpot. Nonetheless, their jackpots are usually lower than £1,000,000.
Wide Area Network Progressive Slots
This is a slot that’s run over a network that cuts across all online casinos that carry the game. If it’s a NetEnt slot, for instance, the jackpot can be won by anyone in any casino running that slot. Also, the jackpot prize is the same across all the online casinos on the network. In our experience, wide area network slots are found in most white label online casinos.
How to Win Progressive Jackpots
Regular slot machines pay a jackpot when you land a fixed trigger. It could be landing 3 symbols in a line or a particular pattern. With jackpot slots, that’s a whole different story. The triggers often vary from slot to slot. Some pay randomly, while others need you to spin a bonus wheel. Either way, beating the progressive slot isn’t a joke. Isn’t that why they are rarely won?
The trick is to weigh up your chances. If you’re competing against a large network of players in different casinos, your chances of winning are slim to none.
Popular Progressive Slots
We don’t just review online casinos. We also dissect online casino games to find out which ones offer the most value to players. Here some of the progressive slots worthy of your top dollar:
Wheel of Fortune: its popular quarter version has a jackpot beginning at $200,000.
Mag Moolah: It’s powered by Microgaming software so you know it’s solid and fair. Its jackpot is often won before it hits $1m.
Elvis: It’s model after the prince of Rock & Roll, Presley.
Megabucks: You can be the lucky one in 50 million.
BONUS READ: Top 5 Myths Surrounding Online Casino Slots
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.