Progressive Jackpot
A progressive jackpot slot machine is a jackpot (highest payoff) for a gaming machine where the value of the jackpot increases a small amount for every game played. Multiple machines are “linked” together to form one large progressive jackpot that grows more quickly because multiple players are contributing to the jackpot at the same time.
Progressive jackpot slot machines: how it works?
The amount of the jackpot is shown on a meter as a money value. Usually the jackpot can only be won by winning the combination with the highest payoff, e.g. five of the most valuable symbols (lemons, cherries, alligators, etc) on a slot machine. Once a player wins the jackpot, the jackpot resets to a preset minimum level.
The amount on the jackpot progresses (increases) a small amount for every play on a connected machine. The amount that the jackpot advances by is set by the online casino. For example, on a progressive jackpot slot machine whose house edge is 5%, a generous jackpot contribution might be 1% (one fifth of the expected profit). The house is prepared to contribute some of the profit of a jackpot linked machine because players are attracted by the:
- 1 : Relative novelty of progressive jackpot slot machines
- 2 : Constantly changing meter, often displayed on large, fancy LED displays
- 3 : Large amount of the jackpot, which eventually motivates more players to play the game.
How to win the progressive jackpot?
Usually only players who wager the maximum number of credits per play qualify to win the jackpot. All wagers, whether or not they’re max credit bets, contribute to the jackpot though. As a result, a game which requires a 10 credit wager to qualify for the progressive jackpot will tend to have the progressive jackpot rise to higher levels (relative to its break-even level) than a game that requires only a 5 credit wager to qualify.
Our progressive jackpot slot machines are :
