How Do Slot Machine Jackpots Work
Slot machines are attracting more and more players every day. Some seek to spend their time pleasantly and joyfully, while others aim to win a fortune. Jackpots are what make these dreams come true. Today, we will not only explain the workings of cumulative prizes but also guide you on where to win them. Continue reading to discover everything important about jackpots in slots!
Top 5 Casinos with Jackpots
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All the casinos mentioned above offer players a plethora of unique games featuring both fixed and progressive jackpots. Who knows, perhaps you will be the one to hit the next big win?
How Jackpots Work in Slots
Jackpots in slots represent a separate prize pool, which can either be fixed or accumulated by players. Depending on the type of slot machine, its settings, and its developer, the payout of such a prize varies. We will delve into this later, but let’s first understand the principle behind jackpots.
By placing real money bets on the relevant slot machines, you automatically stand a chance to win a jackpot. If luck is incredibly on your side, you will claim such a prize, and the money will be credited to your gaming account. Besides progressive jackpots, there are many other varieties. For example, fixed amounts can be won in bonus modes of slots from certain providers using the Hold and Win mechanic. These prize pools do not form based on players’ bets, as they are predetermined by the game’s mathematics and essentially constitute a regular payout.
The situation is entirely different with progressive jackpot slots. In this case, a small percentage of each bet contributes to a common prize pool, which is randomly awarded. Obviously, this directly affects the RTP. The commission from each bet that goes into the jackpot prize pool significantly reduces the percentage of money returned to players as winnings, as these funds will be won by one of the lucky ones hitting the jackpot.
Every player has a chance to win the jackpot on any bet!
Types of Jackpots
Game providers always strive to bring something new to their products. They create unique mechanics, dedicate slot machines to unusual themes, and much more. Jackpots in slots are also designed to increase interest in the game, making it more exciting and thrilling. To date, all existing jackpots can be divided into four categories. Let’s take a closer look at them.
Progressive Jackpots
Progressive jackpots in slots are formed by the players themselves. By placing a bet in a game with this feature, you pay a small percentage of each bet into the common prize pool. Such jackpots can be found in nearly every casino and are offered by many providers, including NetEnt, EGT, Relax Gaming, Print Studios, and so on. Typically, modern slot machines include not just one large progressive jackpot but also several smaller fixed ones. This significantly increases player interest – even if you don’t hit the main prize, there’s a chance to win a smaller yet substantial amount.
Fixed Jackpots
This is the most common type of jackpot found in slot machines. Depending on the type of slot, these prizes can be won either randomly or in a bonus game, such as the Hold and Win mode. In the event of a win, fixed jackpots are paid out like regular winnings within the game round. The size of such prizes can vary significantly. Often, slots feature several fixed jackpots, for example, Mini, Midi, and Mega. If you’re lucky and meet the necessary conditions for winning, the prize is automatically credited to your balance.
Global Jackpots
Global jackpots in slots are a type of progressive jackpot formed by players across many casinos. These can include projects from a single affiliate program or, in principle, all existing casinos where a certain game is available. Accordingly, players on each participating site see the same increasing amount. Such jackpots often make the news on thematic resources, as they play out hundreds of thousands, even millions of dollars! Unless otherwise specified in the game rules, any player who has placed a real money bet can become the owner of a huge prize. It’s important to note that the vast majority of progressive jackpots are paid directly by the game provider, not the casino.
Local Jackpots
Local jackpots in slots are played out only within a specific casino. Their formation principle is the same as with the global variety but is limited to a particular project. Logically, looking at the same game in another project, you will see entirely different figures. In most cases, local jackpots in slots are significantly lower than their global counterparts, but they can still reach impressive sizes. In case of a win, the prize is paid out by the casino. Cashing out such a prize may take a considerable amount of time if the project has withdrawal limits. Still, many sites meet players halfway, paying out jackpots beyond the limits.
Popular Slots with Jackpots
If you’re ready to test your luck and compete for huge jackpots, we invite you to explore the list of the most interesting slot machines. You can find them in the vast majority of reliable online casinos, a complete list of which is presented on this page.
Divine Fortune (NetEnt)
We can confidently say that Divine Fortune is the most popular game from the provider NetEnt. The slot features a classic 5×3 field configuration and, in addition to the regular game, offers players a free spins mode. Yet, the highlight of this slot machine is the bonus game mode, where players collect golden coins. Filling one or two horizontal lines of the field awards the Minor and Major jackpots, respectively. And if luck truly smiles on you, filling the entire field will grant you the progressive global Mega jackpot!
Mega Moolah (Microgaming)
This slot machine turns dozens of people into dollar millionaires annually, earning it the nickname Millionaire Maker. Released in 2006, the slot still captures the attention of thousands of players worldwide. They are not deterred by the outdated graphics and extremely low RTP by today’s standards. In pursuit of huge prizes, gambling enthusiasts are willing to overlook anything!
The progressive jackpot is awarded completely at random, and any spin, regardless of the bet size, can be winning. By triggering the bonus wheel and landing on the lucky sector, you could join the ranks of millionaires!
Volatile Vikings 2 Dream Drop (Relax Gaming)
In 2022, provider Relax Gaming launched a series of slot machines with a unique feature. The company’s slots form progressive jackpots not in one game but across several, allowing for huge prize pools. Each machine includes five progressive jackpots: Rapid, Midi, Maxi, Major, and Mega. Notably, the last two are guaranteed to be awarded before reaching a certain amount, giving an approximate idea of when the winner will be chosen.
Such jackpots can be found not only in Volatile Vikings 2 but also in other slots: Temple Tumble 2, Wild Chapo, Banana Town, and so forth. According to the developers, all provider games will be connected to the Dream Drop system shortly.
Book of Lady Jackpot RTP+ (Endorphina)
In some casinos, you can find a new variety of slot machines from the provider Endorphina. Aiming to increase player interest, the developer introduced several features into existing games. Firstly, three progressive jackpots were added, which can be won on any spin. To keep the slots profitable, the RTP was also increased. Even considering the commissions for forming the jackpots, the return-to-player percentage is higher than before the update.
100 Cats (EGT)
All slot machines from the provider EGT feature built-in progressive jackpots. As with the previous example, you can win a prize on any spin in these slot machines. If you’re lucky, you’ll activate the Jackpot Cards bonus game. You’ll see 12 closed cards that can be revealed in any order. As soon as you uncover three matching cards, you will be awarded the jackpot of the corresponding suit.
Conclusion
Jackpots in slots are what can make any player wealthy in the blink of an eye. Depending on the type of game, winning a huge prize can either be random with any spin or in a special bonus mode. There are several types of jackpots, with progressive global jackpots, which can reach hundreds of thousands, even millions of dollars, generating the most interest among players. Try your luck at a reliable casino – perhaps you are the next millionaire?
Frequently Asked Questions
Jackpots in slots are a prize pool that can be fixed or formed from the players’ bets.
There are four types of jackpots: fixed and progressive, global and local.
Fixed and progressive jackpots can be found in slots from a variety of providers. In our opinion, the most interesting games with this feature are presented by companies such as NetEnt, Relax Gaming, Endorphina, EGT, and others.
Depending on the type of prize pool formation, jackpot sizes can vary significantly. They can range from a few cents to hundreds of thousands and millions of dollars!
