Everyone dreams of being a millionaire & progressive slots offer players the chance to achieve that dream with ever-increasing jackpots.
The main difference between progressive and classic jackpots is that progressive jackpots continue to rise, whereas the classic ones are fixed. So, if you want to learn more about progressive jackpots, how they work, and how they're won, continue reading this Wizard Slots article.
What are Progressive Slots?
Progressive slots refer to slots that have an ever-expanding jackpot. A small percentage of every bet made by players goes towards the jackpot. Any player can potentially win this jackpot, and the prizes won in these jackpots can be astronomical!
One of the largest jackpots in history amounted to $20,057,734, won in January 2019 in the Mega Moolah slot.
There are 3 types of Progressive slots available online:
● Standalone - Reserved to 1 machine and isn't linked to other slots.
● Locally-Linked - Grouped between multiple games in 1 casino.
● Network-Progressive - Linked between games offered by numerous casinos and forms the biggest jackpot.
The odds of winning a progressive jackpot (around 1 in 50 million) are greater than winning a lottery (1 in 292 million). So, why not give them a try?
How do Progressive Slots Work?
Think of the progressive slots as a lottery. The more tickets you purchase in a lottery, the higher your chances of winning. In some progressive slots, the higher your stake, the greater the chance of you getting your hands on the big prize! However, some jackpots can be won from the minimum bet as well.
Countless progressive slots only reward the high-stakes players meaning that the jackpot can only potentially be won when betting the maximum amount. However, these progressive slots offer players a chance to potentially win much bigger prizes than their stakes!
A small percentage of each player's bet becomes a part of the jackpot, and this jackpot keeps increasing till 1 player wins it. Once this happens, the jackpot resets to the seed amount or, in simple terms, restarts. Keep in mind that the total sum can become a 7-figure amount as thousands of players from multiple slots can be contributing to it.
Slots such as A Nightmare on Elm Street, Aztec Realm, and Irish Genie are said to have jackpots that could make players potential millionaires! The longer the jackpot remains unclaimed, the higher it will rise. Furthermore, some progressive slots have 1 jackpot while others offer 3-4. For example, the famous Mega Moolah slot has 4 jackpots.
Is it Better to Play Progressive Slots?
Progressive slots are the way to go for those who want to stand a chance at potentially becoming a millionaire. After all, who would want to give up the chance of turning a small amount into a 6 or 7-figure prize? However, remember, there are no guarantees, and players should consider themselves lucky to land such a handsome prize.
If you consider yourself lucky, then Progressive slots might be the right choice for you!
How to Win a Progressive Jackpot
Ok, so let's get to the good part! How can players win a progressive jackpot? To try and win the biggest jackpots, one rule of thumb is to bet on the top stakes. Some games reserve the best jackpots for high-stakes players. However, there's no need to fret if you don't want to spend too much, as several progressive slots offer jackpots for lower-stakes players.
With that being said, the 3 most common methods to win a progressive jackpot are as follows:
● Random Win - Such jackpots can occur after any spin. To obtain this jackpot, the minimum you will have to do is to bet the maximum stake.
● Hitting Symbol Combinations - Sometimes, you have to form certain symbol combinations on a payline to hit the progressive jackpot, e.g., 5 special symbols on the 12th payline.
● Playing a Bonus Game - Most progressive slots these days feature a bonus round that gets triggered at a certain point in the game. Win the bonus round to potentially win the corresponding jackpot!
Progressive Slots FAQs
How often do progressive jackpot slots hit?
The RTP (Return to Player) percentages determine the probabilities of a jackpot. Anyone can trigger these jackpots at any time!
How are progressive jackpots paid out?
Online progressive jackpots can be withdrawn using credit/debit cards, e-wallets, and even wire transfers. Sometimes the winner even receives a cheque by mail!
What triggers a jackpot on a slot machine?
Jackpots can be triggered at any time, but the 3 most common triggers of jackpots are:
● Random win
● Hitting symbol combinations
● Winning a bonus round
Does anyone ever win progressive jackpots?
Of course! Progressive jackpots are won from time to time, and some of the biggest ever payouts include:
● $20,057,734, January 2019, in the Mega Moolah slot
● €17,860,868, January 2013, in the Mega Fortune slot
● €18,915,721, September 2018, in the Mega Moolah slot
Where Can You Play Progressive Slots Online?
Progressive slots are available with various online casinos, but is there any better place to try these slots out than Wizard Slots? It doesn't matter what type of progressive slot you're searching for; we've got a huge selection that you can choose from!
Some of our major hits are the fruit, mystical, or retro-themed slots; however, each slot has its specialities. We also offer several other games such as video poker, roulette, blackjack, etc. So head to Wizard Slots right now and register yourself to enjoy any of our 700+ games!
*All values (Bet Levels, Maximum Wins etc.) mentioned in relation to the slot games are subject to change at any time.