5 Things You Should Know About Progressive Jackpots

Added: May 25, 2022

Last updated: April 23, 2023

Chasing those massive progressive jackpots is a favourite thing to do for many online casino slots players.

Before you start going after that huge Mega Moolah jackpot, there are some things you should know about progressive jackpot slots first.

With the potential for a massive payout and straightforward gameplay, progressive jackpots are some of the most exciting games to play.

They can fetch your prizes worth in the millions, and whether you play on a budget or stake some more significant amount, the possibility exists that you might turn a happy profit out of a jackpot game.

Not least, variety is one thing you wouldn’t have to worry about, as Divine Fortunes, Mega Moolah, and King Cashalot are just a few of the names to try yourself. And now, off to my list of top things you should know when it comes to progressive jackpots.

1. The highest amount ever won from a progressive jackpot is €17,9 million

microgaming_mega_moolah_jackpot biggest win

Progressive jackpots fascinate the masses, and they excite casual players. Yet, in the case of Mega Moolah, that is justified. Jon Heywood from the UK embodies the dreams of many players, and he is the person to hit the single-highest jackpot the game has ever offered – £13,209,300 or a near €17 million on the dot.

Yet, Heywood’s achievement is far from the most impressive in history. An unnamed individual clinched an estimated $39.7 million off land-based progressive jackpots back in 2015. The turned a total of $100 into the above-cited amount, making for the history’s luckiest player at the Excalibur Casino in Las Vegas, Nevada.

2. How much do your bets contribute to the prize pool?

have told you before; the progressive jackpot is the result of players’ contributions. True, this means that one man’s loss is another man’s gain, but not quite – any wager, winning or losing is adding around 3.7% to 7.5% to the total jackpot.

These numbers will vary for different games, and they will depend entirely on the developer to establish. At the same time, some percentages are easy to spot, while some developers, such as Microgaming, like to keep their contributions secret.

For instance, Microgaming tells you that you might have a bigger chance to trigger the jackpot if you play with the maximum bet size, but you don’t actually know how much bigger.

Every bet on Mega Fortune Dream by NetEnt contributes an estimated 5% on average, which is not too bad. Spins on Joker Millions by Yggdrasil would contribute roughly the same amount – 5.5%.

3. You can win the big jackpot with a minimum bet

Divine-fortune-Netent-mega-win

There could be a bit of bias when it comes to playing progressive jackpot games. Most players will tell you that the only way to land a massive payout is by depositing a lot more.

Once they fall into this common pitfall, it’s hard to climb back out. Yet, as most of my readers know, many fallacies can be shaken off. And as such, you can bet at as little as €0.10 and have an enjoyable experience and possibly hit the jackpot.

Knowing that you can play at €0.10 and still compete for big money is certainly a relief. It deals away with any pressure you might be experiencing and gives you another reason to be smart with how you spend your bankroll.

4. A massive selection of jackpots await at online casinos

Mega-Fortune-Dreams-progressive jackpot win

If you think there are only a few jackpots available, please – think again. The fact is there are over 100 different jackpot games and many smaller games with fixed jackpots.

Developers such as Red Tiger Gaming, NetEnt and Yggdrasil are developing all sorts of small jackpot games to add to the already impressive portfolio of progressive jackpots.

You can have your pick of the litter by going to any “jackpot” section at your favourite online casino and checking out the available options.

5. Some online casinos won’t pay out the full amount straightaway

progressive jackpot payout winnings

One important thing before setting off on your journey for untold riches is to consider the casino you will play carefully. I have heard people say that casinos are unfair, and they don’t pay out the full jackpot in full.

But this isn’t exactly true, is it? First, you should read through the terms and conditions of every online casino, and if you are after a jackpot – this is doubly valid. Just picking a casino at random is a bad idea.

Of course, logic dictates that if a casino is running a big jackpot by a respected provider, they seem legitimate and in most cases, they are. However, the jackpot is paid out on slightly different terms.

For example, a casino would pay it out in instalments over a pre-determined period, which is always there to check. I have seen people say that if a casino’s withdrawal limit is €10,000 per month, this is the maximum instalment you can withdraw from the casino.

Well, most casinos make sure to make an exception and release your jackpot in hefty instalments, which I believe is fair. For example, some casinos clearly state that there are no limitations when it comes to jackpot payouts – the way it’s supposed to be.

Play progressive slots at these reliable online casinos

You will find all the best progressive jackpot slots at these trustworthy online casinos:

Available in your country
#1
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To receive the welcome bonus, you must deposit at least $10 in the first 20 minutes after registering. The welcome offer does not have a validity period.

Bonus Info & Terms
#2
  • 🤑 Exciting welcome offer
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Like every casino bonus, the Rizz Casino welcome pack has terms and conditions. First, you must deposit at least €20 to claim the bonus. However, this offer excludes Skrill, Neteller, ecoPayz, and Paysafecard deposits. Moreover, once the bonus is added to your account, you must fulfill a 20x wagering requirement (deposit and bonus amount) to withdraw winnings from the offer.

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#3
  • 🤑 Mouthwatering welcome bonus
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After the fourth deposit, you can claim the 100 free spins offered by the casino at 20 free spins daily for 5 days. But as you may have expected, terms and conditions apply to claiming and using the Bombastic Casino welcome bonus. The minimum qualifying deposit amount you can make to claim this bonus is 10 USDT, with no promo code needed. Once the bonus is credited to your account, you have 14 days to use and complete the Bombastic Casino wagering requirements 30x.

Bonus Info & Terms
#4
  • ✅ Licensed and secure
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That said, before claiming any of the Buffalo Casino welcome bonus offers, I suggest you read through the Buffalo Casino bonus terms and conditions. For instance, the minimum required deposit for the bonus is €10, and the maximum amount you can wager using bonus money is €5. Additionally, you must fulfill 40x Buffalo Casino wagering requirements for both bonus credits and free spins to keep the winnings.

Bonus Info & Terms
#5
  • 🤑Crypto-friendly
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It has a wagering requirement of 60x and I have to say that the bonus terms and conditions are not fair, 60x is an above the standards, so be aware before you deposit for welcome bonus.

Bonus Info & Terms
#6
  • 🤑 Mouthwatering welcome bonus
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Unlike some operators, you don't need a promo code to claim this welcome bonus. However, the minimum qualifying deposit set for the offer is $20 each for the first, second, and third deposit bonuses. Once you claim the bonus, you must also fulfill 40x Spinbet Casino wagering requirements to cash out winnings made from the offer.

Bonus Info & Terms
#7
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Let's roll Review

Note that the deposit + bonus amount is subject to a 35x wagering requirement for any winnings to be withdrawn. Ensure you complete the wagering requirement within the 30-day validity period. Slots contribute 100%, and table games and video poker contribute 10% to the wagering requirement.

Bonus Info & Terms
#8
  • 📱Top-notch mobile performance
  • 🤑Crypto gambling
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You need a minimum of $20 to claim the offers. Additionally, if you can deposit $100 or more for your first deposit, you can claim up to 100 free spins to play the Hot Lucky 7s slot.

Bonus Info & Terms
#9
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Nevertheless, note that the qualifying deposit for the Goldwin Casino welcome bonus is €20, and the free spins have no wagering requirements. However, your match bonus for the second and third deposits comes with 35x Goldwin Casino wagering requirements.

Bonus Info & Terms
#10
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  • ⚡️ Progressive jackpots
Let's roll Review

The minimum deposit for the welcome offer is $50, which is a bit higher than most other online casinos I gotta admit. However, if you don’t mind the steep deposit, you can get a pretty decent starting bonus to try out what this casino has to offer.

Bonus Info & Terms

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