Just imagine winning a life-changing sum of money with a single spin of the reels. Imagine winning a big jackpot just playing your favourite slot. It’s these dreams that drive players to have fun with progressive jackpots at online casinos.
Progressive jackpot slots are games that are both profitable for casinos and popular with slots fans. Every time a player at any online casino that offers a particular progressive slot plays, the jackpot grows. That’s because a small share from each and every bet goes to the progressive jackpot.
Since players from around the world can play the same slot in different online casinos, the jackpots grow at a rapid pace and keep growing until someone hits it. You can check out the current size of a progressive jackpot over the slot reels.
The Seed Amount
When it comes to progressive jackpots, the seed amount is the minimum amount of winnings guaranteed by the slot developer and the casino hosting the particular game. Once the jackpot is won, the full amount of money you see in the progressive balance is paid out to the lucky winner.
The good news, though, is that the jackpot doesn’t drop all the way back down to zero after a win. Rather, the balance resets to a healthy sum and this is called the seed amount.
There are different kinds of progressive jackpots that are played in different ways. For example, some slots require you to wager a minimum amount for each spin before you’re eligible to win the jackpot prize. Keep in mind, though, that progressive jackpots are played by millions of people around the world, so big wins don’t happen as often as smaller slot wins.
Progressive Jackpot Bet Sizes
When it comes to slots, there aren’t really any systems of strategies you can use to try and improve your winning chances. But one of the most important things is to check what amount of money you have to bet to qualify for that big jackpot.
Plenty of online slots allow you to play for the big prize only when you place the maximum bet or the maximum amount of coins. Different progressive slots have different rules, so before you bet your money on a particular game, be sure to check the rules and the pay table.
For example, certain jackpots can only be unlocked when you play with maximum bets. Then, there are others that can be won during bonus games, that are activated randomly.
The bet size is always important. It can determine whether or not you’ll end your play session a few million up or without a penny. Overall, the best chance of winning a progressive jackpot is if you bet on all the pay lines with the maximum number of coins.
If you want to try and extend your gameplay without wagering a huge budget, the best thing to do is play with low-value coins. You can also change your preferred playing currency if the jackpot remains the same amount even when converted between different monies.
For example, you can bet $10 per spin in Euros, and the bet size that qualifies for the jackpot will be 10 Euros. But while the jackpot may be $1,000 in US dollars, it may convert to just €700 in Euros. In other words, your bet in US dollars actually has a lower real value, even though you can win the same jackpot offered to European players.
The Most Popular Progressive Jackpots
Most of the bigger casino game developers have added progressive jackpot slots to their portfolios. That means there are several progressive games that are fun to play and just as lucrative.
Let’s take a closer look at some of the most popular progressive slots.
We have to start with Microgaming’s beloved Mega Moolah. This slot’s jackpot starts at $/€1 million and is one of the most generous online slots around. It’s interesting to note that the game is considered a penny slot. That’s because the minimum bet starts from a mere $/€0.01 per line and can reach up to $/€0.05. The maximum bet on this game is just $/€6.25.
Mega Moolah is also linked with other games within Microgaming’s progressive jackpot network, so it’s easy enough to understand why payouts can be over €/$ 5 million at a time!
Hall of Gods
Hall of Gods is a popular 5-reel slot that has 20 compulsory pay lines and entices players with some of the highest jackpots ever recorded for an online slot. The game is brought to us by NetEnt and the theme revolves around Nordic mythology and gods. There are plenty of Scandinavian gods to look out for in this game, like Loki, Thor, Idun and Odin, while the expanding wild you want is a dragon. The Scatter symbol for the game is two ravens and if you’re lucky enough to get three of them anywhere on your reels, you win 20 free spins.
Mega Fortune is yet another incredibly popular NetEnt progressive jackpot slot. It’s a 5-reel and 25-pay line game inspired by the well-to-do complete with champagne bottles and yacht symbols. You get to choose how many active pay lines you want to play, and the maximum bet is $/€50.
This progressive slot boasts a magnificent 50 pay lines and 5 reels. It also has some of the most superb graphics ever created. The stunning game features a friendly giant straight out of the Stone Age who spends his time tossing coins into roaring volcanoes. Playtech is the company behind this fun slot and that means players enjoy cutting-edge technology, beautiful animations and crystal-clear audio whenever they play Jackpot Giant. There are also tons of bonus features and special symbols, giving you more chances to hit the jackpot.
Where to Play Progressive Jackpots
Just about all online casinos offer attractive progressive jackpots. Most sites on our recommended list of minimum deposit casinos offer a handful of progressive slots, with some offering over 30 amazing titles. There’s an excellent variety of progressive slots out there that cater to all kinds of players.
If you’re new to the world of online gambling, though, you want to play at an online casino that has an excellent reputation. Reliability and safety are important, especially when it comes to those big prize pots. You want a trustworthy platform that will pay out your winnings as quickly as possible, too.
Speaking of payouts, always check whether the casino has a policy for limiting withdrawals at all or if there are any cashout limit exceptions should you win a progressive jackpot.
Withdrawing a Progressive Jackpot
Winning a progressive jackpot is just an incredible experience. For most online gamblers, it’s an unforgettable moment that’s sure to change your life forever. It’s also somewhat of an overwhelming experience for the casinos. Often, they just can’t afford to pay out huge sums of money in one go. That’s why jackpots are usually paid out by the game developer.
One important aspect to consider, though, is how your winnings are paid out. Most online casinos have set cash out limits based on either a weekly or a monthly basis. That means you can’t withdraw more than a certain amount per week, for example. While this generally isn’t an issue when it comes to smaller windfalls, it does become an issue when you hit a big progressive jackpot.
Essentially, withdrawing a massive win from an online casino can take months, if not years, if the casino maintains a rigid withdrawal policy. Fortunately, there are plenty of online casinos who respect that you want to get your hands on your cash and therefore make an exception to their rules when it comes to progressive jackpot wins. Those casinos are happy to pay out your progressive jackpot win in full.
The Biggest Progressive Jackpots in History
When it comes to big payouts, progressive jackpots have never disappointed. The highest payout every received from a progressive slot was a massive $39.7 million. This jackpot was scooped at a land-based casino in Las Vegas on the famous Megabucks slot. Up until recent years, Megabucks was only available as a land-based slot machine, but the game’s developer, IGT, has now added it to their portfolio of impressive online games.
As for online progressive payouts, Mega Moolah regularly creates millionaires around the world. Since 2015, this incredible slot has paid out big sums. In one instance, a lucky British arm soldier scooped a staggering £13,213,838.68. The jackpot was won on Betway’s site and the soldier got lucky by placing just £0.25 bets.
But he’s not the only Mega Moolah winner to date. In 2016, a Canadian player won an impressive $11,633, 898 and just a few months prior to that, a New Zealand player scooped a life-changing $10,144,395.
Mega Fortune is another progressive jackpot that knows how to make players happy – and rich. In January 2013 one lucky player won a mind-blowing sum of €17,861,813. The anonymous Finnish man got the right combination of symbols when playing NetEnt’s popular title.
In 2011, Mega Fortune paid out a staggering €11,763,228 to a Norwegian player who was just having some fun with free spins.
Other NetEnt slots have also been generous. In 2012, another Finnish player became €8,636,041 richer when having fun on the Arabian Nights slot. Hall of Gods also regularly creates millionaires, having once paid out a massive €7,820,888.
Most progressive jackpot slots can be played on mobile devices, too. The highest mobile jackpot payout to date has been Mega Moolah when it paid out almost €8 million to one lucky mobile player in 2016. Less than a year later, another mobile player became an instant millionaire when the game paid out a little over €8 million.
Progressive jackpot slots provide hours of fun, not to mention enticing wins and the chance to become an instant millionaire.
If you’ve not tried your luck yet, take a look at the list of recommended casinos here and start having some fun!