Slot machine jackpots work differently depending on their type, which we will be covering later in this review. To explain how jackpots work, it would be wise to define the essence of the concept itself. Basically, jackpots in slots can be randomly hit by any player when the latter is spinning the reel by placing bets. Now, let’s delve into details – how does jackpot drop work in casinos.
Jackpot slots are one of the most popular categories of games offered by any online casino out there. You may ask why? Well, it’s all because virtually any gambler can hit it with a bet of any amount. So jackpot slots can produce a large win, which significantly exceeds the average payouts of slot machines. In fact, that’s the reason why so many people associate hitting a jackpot with winning a lottery.
To understand the underlying of how jackpot slots work, let’s turn to the technical side of the question:
The classic variant of jackpot slots gives a gambler an opportunity to win an amount of money, fixed in the game. To hit a jackpot, one needs to get the corresponding combination of symbols or get the winning hand of cards, the prize depends on the type of slot. Microgaming, NetEnt, Yggdrasil, Play’n Go, Evolution Gaming are some of the largest providers of games with a fixed jackpot.
Some jackpot slots work differently. For instance, here is how progressive jackpot slots work. Usually, such slots have a few fixed jackpots linked to the stakes and one big progressive jackpot. The progressive jackpot is the maximum sum of money accumulated in a particular game, which is not fixed. This jackpot is paid from the percentage of the real-money bets made by real players. The prize has a certain minimum mark and is gradually filled until it is hit by a fortunate gambler. How quickly the jackpot amount will grow is influenced by the activity of users. The more bets are made, and the more often the reels of slot machines spin, the more money will be loaded up eventually, until someone gets the desired combination of symbols or numbers. When the player hits the jackpot, the jackpot is reset to zero, plummeting to the minimum amount, which can be different in each slot. Such software developers as NetEnt, Microgaming, Playtech, Yggdrasil, and others provide casinos with these types of slots. A player can try their luck at Joker Millions, Mega Moolah, Hall of Gods, and other slot games featuring a progressive jackpot.
To understand how jackpots work to the fullest extent, we shall find out what are the types of jackpots that we can bump into. Many gamblers have no clue that the chances of hitting a jackpot are directly related to the type of it. Depending on the type of jackpot available in slot games, the amount of possible winnings will be different, respectively. Here are the most common kinds of jackpots and how they work.
To know how winning the casino jackpot works you need to understand that many jackpots are tied directly to the game developer. The local jackpot, on the other hand, is determined by the online casino operator. Accordingly, the amount of this type of jackpot will be significantly lower because local jackpots are accumulated at the casino itself. In this case, the winning amounts on different sites can vary. The casino itself pays them to the winner without any participation of the provider in the process.
Punters should always check that the betting site they want to play at is licensed. Online casinos will list their license and number on their site. You then can go to the particular gaming authority the site is licensed with and double-check it is valid. A licensed casino is bound by strict regulations relating to offering fair games and protecting player data. They are routinely audited and, if they are found to be breaking the rules, face financial and legal penalties.
The size of a fixed jackpot is not affected by the number of tickets sold or bets made. The amount is set by the casino operator or the software developer. The main advantages of these cash prizes are their permanence, as well as high chances of winning compared to other types of jackpots. Such games tend to have a higher RTP rate, too. Slots with such a jackpot kind are suitable for those who strive for stable, albeit not too large, winnings.
As it was mentioned before, progressive jackpot slots build up a jackpot from the percentage of bets placed by players. The sum of the maximum jackpot is not established by the casino or games developer. Now it’s clearer how progressive jackpot slots are different from the fixed ones.
Sometimes a game has more than just one jackpot, meaning gamblers have a chance to hit multiple jackpots. Jackpots, on their part, can be either fixed, or progressive. The odds for hitting at least one are bigger with multiple jackpots. However, the amount is distributed evenly between all of them.
As we already mentioned, slots are not alone when it comes to jackpots. Other games boast this great option as well. Sometimes the jackpots in those can be even bigger! Let’s take a closer look at some of the games you are surely familiar with, and maybe did not know include jackpots.
Up to this point in the review, we have been breaking down the essence of jackpots, different types of it, and more on how jackpots work. Slots are what comes to any gambler’s mind first when talking about jackpots. Even though many players realize how lucky they should be to hit a million-dollar jackpot, it’s still a desirable target that drives slot lovers crazy. At the end of the day, you never know which spin can change your life forever.
This game is a golden classic of casino games, which is why it never goes out of fashion and tons of gamblers play it regularly. Casino operators know how hyped people are for jackpots in online slots no matter how much they have at stake, so they decided to introduce them in other games as well. In roulette, for instance, the way jackpot works is pretty much identical. A gambler has a chance to hit a jackpot when wins his bet. The only difference is that except for your regular bet, you must place a little bit to the bank of a progressive jackpot.
The largest developers of casino games, in addition to slots, also release other games with jackpots. There is a poker version with the ability to hit the jackpot. Instead of typical symbol combinations, poker hands are the winning ones. If you are not afraid of low volatility, then you should try jackpot poker.
Online casinos tend to put all the games with the jackpot option into one big category, so explore even more unexpected ways for the biggest winnings, but only if have read and truly understand how how jackpots slots work
When anyone hits a big jackpot, the representatives of the casino reach out to a lucky player with all the following instructions of cashing it out. But not all the jackpots are worth millions, so if you hit a mini jackpot that drops daily, and wish to withdraw your funds, you would have to know the nuances related to payouts.
Make sure you have the information about the time you’ll have to wait until the money is withdrawn from your account. Essentially, it depends on two things: a casino, and a banking method. It may take longer than you expected, so always clarify the details.
When withdrawing winnings, commissions are inevitable. Commission fees vary depending on the banking option you choose. Generally, e-wallets and crypto-wallets have the lowest commissions, while payments by phone – the highest.
Gamblers have more than enough banking options to choose from. The choice will come down to your needs.
Jackpots are indeed something to be looking forward to. But is it always worth trying hunting them in the first place? Since we already managed to understand how slot machine jackpots work and how jackpots drops work at a casino, it is time for highlighting the pros and cons.
In this review, we touched on a rather exciting subject of jackpots, and now you know how jackpots work, in which games you can hit it, and what are the upsides and downsides. Whether you play a fruit machine or a modern and advanced video slot, there is always a chance to become a lucky one and make your dream come true. If you ever feel like gambling is causing you problems, professionals from Be Gamble Aware help thousands of people overcome their anxieties and addictions.
Jackpot slots are regular games with a major reward for players hitting them.
Progressive jackpots increase as players place more and more bets.
Multiple jackpots allow gamblers to hit it more than once per one slot machine.
To get a jackpot payout you need to find out about time limits, commission fees, and available banking options.