Jackpot slots are among the most exciting types of online slots. With the help of this guide, you will discover the ins and outs of this casino game.
Here is what you will learn:
Jackpot slots are an exciting type of slots that have become popular as an alternative to traditional slot games. If you choose to play slots with this feature, you have the chance to achieve big instant wins instead of simply looking for winning combinations, special symbols, or free spins.
What does the “jackpot” term mean?
The biggest prize that a casino game has to offer is known as the jackpot.
In most cases, we’re talking about slots with progressive jackpot options.
Bear in mind
Not all slots have a progressive feature, yet they are marketed as jackpot slots. These games usually use the term “jackpot” to describe the highest payout. Most of these slots are older, land-based slot machines.
Every time you place a bet on a slot machine that has a progressive jackpot available, no matter how big or small your bet is, a small percentage of your wager is added to the jackpot contribution pot. This pot keeps growing until a lucky winner lands the winning combination.
When you play a casino game, the starting amount is called the seed amount. The casino or game supplier guarantees players that if they win, they will get that much money. If you win the grand prize and another person also wins just seconds after you, that person will receive the seed amount.
Each casino/game supplier has its own seed amount. For example, a casino's seed amount can be set to $1 million.
The value of the cash pot and the contribution are unique for every slot. For example, you can find jackpots starting at $10,000 and others that begin at $100,000.
I have identified 4 major factors that influence how the jackpot works.
1. Number of Reels
To win a jackpot on a slot machine, it might be best to use a title with a standard number of reels – 5 reels. Anything below 4 and above 6 reels will make it more difficult to get the prize.
2. Minimum and Maximum Coin Size
When choosing a slot machine to play, consider the size of the coin denominations. Slots with higher minimum and maximum bets pay more frequently. For example, you can go for a slot where the minimum bet per line is $0.50 and the maximum is $5.
Some slots also state that playing with higher bets increases the winning odds.
3. Playing the Maximum Number of Paylines
There are slots that let you select the number of active paylines.
When the maximum number of paylines is active, you have more chances of winning, which means that the minimum bet will be higher.
So before you consider playing jackpot slots, it’s important to learn how paylines work.
4. The Presence of More Than One Jackpot
Some slot machines include more than one jackpot. Naturally, the more prizes like this, the higher the chance of winning.
When we talk about multi-jackpot slots, we should also note that they promise prizes of different sizes which means you should not judge the value based on just one of the prizes.
Jackpots can be divided into several types, each of them with different characteristics.
Progressive slot machines have a growing prize pool funded by a percentage collected from every bet. They are easy to detect because they promise huge prizes compared to non-progressive slots.
An excellent example of a progressive slot machine is Mega Moolah by Microgaming, which is available as a physical machine and an online slot.
Some slots are part of a “network”. This means that all casinos around the world that host the same game, also share the same pot.
This type of jackpot prize is raised by bets placed in online casinos that offer the same game.
Network progressive jackpots have the highest cash prize on the market.
It's always a good idea to check your online casino’s terms and conditions before playing. You may find online casinos where you need to bet a minimum amount of money in order to qualify for the pot.
Joker Millions is one of the most played network progressive jackpot slots which awards several prizes worth above $1.000.000.
As the name suggests, online slots with fixed jackpots promise a payout that doesn’t change.
So, the winning pot is actually the game’s predetermined top prize.
Players often have to wait to land five matching jackpot icons on a payline or five wilds on a payline to get this prize.
Lord of the Sun slot by Platipus Gaming has this kind of feature that lets you win one out of four fixed prizes (the highest prize you can win is worth 100,000 times your bet per line).
Some progressive slots carry local prizes. In these games, the prize pool is raised by players at a single casino. So, you can play the same game in a different casino and find a completely different top prize.
Mega Fortune is an online slot by NetEnt with a combo of one network progressive jackpot and two local.
It’s not unusual to find slot machines with more than one progressive pot. This is especially true for the jackpot slots.
They are often labeled as:
Typically, players get an opportunity to play a bonus game, leading them to one of the progressive rewards.
With the help of Mega Moolah Absolootly Mad by Microgaming, players can access a progressive wheel that provides one of four progressive jackpots.
If you wonder who is paying when you hit a jackpot at slots, you should know that there are two general categories:
Interestingly, the huge jackpot slots carry prizes usually provided by software developers.
The Wheel of Fortune and Megabucks slots designed by IGT, are leased to casinos across the globe. Each casino pays a portion of the monthly revenue to the machines’ owner (in this case, IGT).
When a player hits a top prize, the software supplier sends out their tech team to check the slot machine to ensure the winning is legit. This process typically takes a few hours. Ultimately, the winner is paid by the software developer.
On the other hand, if the casino owns the machines, it’s the casino’s obligation to pay the winner.
Regarding online casinos and jackpot payments, it depends on the type of jackpot.
When we talk about progressive (network jackpots), they are paid for by the software provider. The provider collects the fractions of each bet placed in various online casinos and keeps it in a single bank account.
On the other hand, local progressive jackpots in online slots are paid by the online casino where players win such prizes.
In this case, each casino has a local jackpot account which is why the current values of the rewards are different on every gambling website where that specific title is available.
Regular and jackpot slots have many things in common. However, they also have a few significant differences.
The most obvious difference is the potential payout size.
Many regular slots offer a maximum win of 1000 or 2000 times your stake. On the other hand, you can win millions of dollars with a one-dollar bet on many progressive titles.
Due to the potential payout size, the winning chances are higher at regular slots. This can be seen in the RTP (Return to Player) percentage.
RTP is usually between 90% - 94% in progressive releases and between 95% and 97% in regular ones.
|Regular Slots|| |
✓ Less expensive to play
❌ Limited payouts
✓ A chance to win enormous prizes
❌ Less frequent wins
✓ More frequent wins
❌ Fixed prizes are way smaller than progressive slot
✓ The main prize/s keep growing
❌ You don’t know exactly how much you can win
✓ No minimum bet is required to play all features
❌ Less exciting
✓ Often come with more than one bonus feature
❌ The main prize is usually given after many months
Once you analyze the advantages and disadvantages of playing any of these slots, you should know whether jackpot slots suit your gaming style.
You should go for regular slots if you are looking for fast (but smaller) and more frequent payouts. However, if you are chasing life-changing amounts of money, you should consider progressive slot titles.
If you are thinking about playing jackpot slots, you should take several things into account.
Playing at licensed casinos is a must because many casinos are trying to take advantage of players.
Never use a VPN if you are playing jackpot slots because when the time comes to get paid, you will not be able to get the prize (your location matters because not every casino, game, and/or reward is available in all countries).
Playing demo slots can’t help you win progressive jackpots – you must play with real money.
There’s an excellent chance that you will not win the top prize even after playing for months, so be prepared for that.
It would be great if there was a magical formula that could help players win jackpots in online casinos. Still, the truth is that such a formula doesn’t exist. If that were the case, people would win these rewards daily.
However, some helpful tips can boost your chances of winning the jackpot. Here are some of the best tips from Chipy Slots Academy that will help you learn how to win jackpots at online casino games:
Over the past few decades, lucky slot players across the globe won millions of dollars thanks to jackpot slots. Some of these winnings are genuinely amazing and life-changing. Here’s a table with the biggest jackpot slot machine hits of all time.
|$39.7 million||Excalibur Casino, Las Vegas||2003|
Desert Inn, Las Vegas
Palace Station Casino, Las Vegas
|Mega Moolah||$20 million|| |
Betway Casino, an online casino
PAF.com, online casino
Luck strikes twice!
In 2005, a 92-year-old man won the top Megabucks slot machine jackpot - $21.1 million at Cannery Casino in North Las Vegas.
It was the second time when Elmer Sherwin won the grand prize of this slot machine. According to Las Vegas Sun, the first time he won $4.6 million while playing the game in 1989 at the Mirage Hotel & Casino.
To answer this question, you must analyze yourself as a player and your goals. Obviously, we all want to win big prizes when playing slots, but are we ready to invest a lot of money and time to achieve this goal?
The jackpot slots are perfect for players with a relatively big bankroll who are willing to wait to win prizes (especially the main prize) because this version pays less frequently, unlike regular slots.
The rewards you can get can change your life which is why they are more exciting.