There’s nothing like winning a couple of hundred quid at an online casino, eh? Of course there is! Winning couple of million is much, much better. Most of us will never get that lucky, but quite a few people have already struck a jackpot amounting well into seven-digit territory. Not a lot of games offer such prizes though, even ones on which you could wager few hundred or so. In fact, progressive jackpots are the only games that offer prizes that exceed hundreds of thousands per jackpot. If you’re feeling lucky today, visit www.casino-mate.com and check out some of their progressive jackpot games. Also, you may want to check this newly launched site out and see which high-quality casinos it features.
How Do Progressive Jackpots Work?
Progressive jackpot games are pretty much same as normal slot games. There are progressive table games available as well. There is one small difference, yet a difference that changes people’s lives. You place a bet and let the reels spin just like on any other slot game. Every progressive jackpot game features a normal, non-progressive jackpot, just like any other fruity. But, a small portion of every stake goes into a separate pot, which actually is the progressive jackpot pool. The more people play, the more money are placed in the pool. Amounts quickly add up and within weeks a progressive jackpot may reach amounts higher than a million, or even 10 million.
Now, it is pretty clear why progressive jackpots are the most popular and most commonly played games at any given online casino, right? Bear in mind though, you won’t be eligible for a progressive jackpot unless you wager the maximum amount of coins. But don’t worry, as even the maximum amount of coins won’t cost that much. The amount won is usually paid out in the currency in which the original bet was wagered.
How Often Do They Pay Out?
Chances are often 1 in 15, 20 or 50 million that you will win a progressive jackpot, but you surely wonder how often it happens. Well, that depends on the progressive game in question, as some games with smaller jackpots may pay-out a bit more frequently. But it doesn’t take too long even with some high paying games, and the average pay-out time isn’t longer than 3 months, or about 12 weeks.
For example, once in 8 weeks and 4 days, on average, someone hits the NetEnt’s Mega Fortune Dreams jackpot. The average jackpot amount for this slot is higher than €3,6 million, whereas the biggest win was slightly above €5m and it was won by a man from Finland. Microgaming’s Mega Moolah has a minimum progressive jackpot amount of $1m and the average time is 12 weeks and 5 days. The biggest jackpot won on this slot game was £13,212,882 and it was won by Britton Jon Heywood in 2015. Mega Fortune Mega, another progressive slot developed by NetEnt has an average jackpot time of 11 weeks and 3 days and the top amount was just below €18m.