What is a jackpot slot?
What do we really mean when we talk about slot machines and jackpots? On the old, classic slot machines, a fixed pay table was used where it was clear which combinations gave which prizes. These slots consisted of fewer wheels than today’s video slots and the bet lines were also significantly fewer. Maybe you remember the vending machines that stood on the Danish boat where three 7’s (often the color red) triggered the vending machine’s main prize?
In today’s modern and innovative video slots, the prize table is not removed, it and the fixed prize-winning combinations still exist, but in addition, many machines have introduced special symbols that trigger either a fixed jackpot or a progressive jackpot.
A progressive jackpot means that the pot increases for each spin you and all other players complete. Many of these types of slots are connected through the game developer across the various online casinos, which means that a large number of players are helping to grow the jackpot. For that reason, the pot has the potential to grow tremendously, and there are several lucky players who have won tens of millions on slot machines.
Once the jackpot is won, it is reset to a minimum level, but due to the enormous popularity this type of slot machine experiences, the pot quickly grows greasy and nice again.
On most jackpot machines, whether you play online or offline, you can easily follow the size of the pot. The vending machines do much to promote the jackpot and the sum can be continuously monitored either on a physical LED display (often above the vending machine) if you are at a land-based casino or on a monitor in connection with the online vending machine you have selected.
As the jackpot grows bigger and bigger, more and more players come to the slot, which in turn causes the jackpot to grow even faster. It is also worth noting that on many machines, your bets have nothing to say for how much of the jackpot you win if you were to be (extremely) lucky. If you trigger the jackpot, the whole pot will be yours, whether you bet one or a hundred bucks on the winning spin. However, at several of the classic casino games, you often have to choose a separate jackpot bet to play for the prize.
Another important point is that on many of the jackpot vending machines you will find that the payback percentage (RTP) is lower than on “regular” vending machines. This is because, as mentioned above, part of the bet per spin is set aside for the jackpot. Therefore, you have to be aware that (statistically) you will hit prize-winning combinations less often on an automaton that offers jackpots or progressive jackpots, but in return you have the opportunity to win some of the net’s biggest gains.
Two main types of jackpots
On machines with this type of jackpot, the maximum prize amount is determined in advance. The pot does not vary depending on how many players are playing or how many machines are connected.
As we mentioned at the outset, the Jackpot 6000 was one of the first jackpot machines we saw here in the country. The machine used (and still uses if you play Jackpot 600 online) a jackpot feature where the maximum winnings are fixed.
These types of jackpots grow larger for each hand played or each spin performed. A portion of the player’s bet goes to the jackpot each time, which causes it to rise continuously until it is released.
The jackpots can reach crazy sums, and the biggest win of all time on a slot machine was won in 2003 at a land-based casino. The prize totaled $ 38.7 million and was won on a slot machine with the aptly named Megabucks.
In 1995 and 1989, on the same vending machine, 21 and 4.6 million dollars were won respectively – by the same person.
How do slot machines work with a progressive jackpot?
As we’ve already mentioned, progressive jackpots are prize pools that grow as players use the slot machine. Each time you spin, a fixed percentage of the effort goes to build further on the jackpot. This means that the more players, and the greater the total bet of the players, the faster the jackpot grows.
At land-based casinos you will often find that several machines on the floor are connected and jointly build a jackpot. The amount that can be won at any time is clearly marked on large, flashing signs and the large sums are alluring to many casino visitors.
In the online casinos, the progressive jackpots work in much the same way. Regardless of whether you play with high or low stakes, you (all players with the same percentage of stakes) help to make the jackpot bigger each time you press the spin button. As a rule, there is also no minimum bet requirement to win the most generous prize.
The difference, compared to the physical casinos, is that the progressive jackpots of the online casinos do not necessarily limit themselves to one casino. In many places you will find that the same casinos offer the same slot machine and that the progressive jackpots grow across the various operators.
The best progressive jackpot vending machines
Today you will find several vending machines with potentially large progressive jackpot prizes. Among the first to see the online market were Mega Fortune Dreams and Mega Moolah, and these two are still the two vending machines where you will find the biggest jackpots.
It is also on these vending machines that the biggest winnings of the time at an online casino have been won. In 2011, a Norwegian won almost 12 million euros on Mega Fortune Dreams, which at that time was the world’s largest online prize. However, the record was broken in 2013, when a Finnish player won 17,861,813 million euros on the same slot. Two years later, in 2015, British Jon Heywood won approx. 28,000 euros more on Mega Moolah and holds the online record today.
The story of Jon Heywood becomes even more incredible when you are told that he only wagered 25 cents on the lucrative and historic spin.
In addition, you will find several other vending machines that also offer progressive jackpots:
Diamond Joker may be a bit like the Jackpot 6000, but offers three progressive jackpots of different sizes. As the name implies, the Joker symbols are the gateway to the biggest winnings.
Joker Millions is probably a jackpot slot machine where the Jokers are the focus. The slot machine uses sticky symbols, and if you collect 15 jokers (the entire playing field), you will run away with the progressive jackpot. At the time of writing, the pot is almost NOK 12 million.
Mystery Reels has several exciting features, including three progressive jackpots. One is triggered once every hour, the other and second largest is triggered once every day while the largest (Super Drop) is not time-limited.
Frequently asked questions about jackpots
The hope is to make slot machines with jackpots extremely popular. The answers to some of the questions that we get about the topic summarize the most important we have covered in this page.
Is a minimum bet required to play on jackpots?
All players have the opportunity to play with the jackpots. On the new, modern vending machines, there is usually no bet limit, but you may find that on some vending machines you have to play with maximum effort in order to win the biggest prizes.
Is there a greater or lesser chance of winning at jackpots?
The repayment percentage on jackpot vending machines is usually lower than on vending machines that do not offer jackpots. This is because part of your effort helps to build the jackpot bigger. You will thus find that the average RTP is usually a few percent lower on this type of machine.
In other words, this means that over time you will win several times on a slot machine without jackpots, but in return you will not have the opportunity to run out of prize pools that are often worth tens of millions. Should you be interested in playing jackpots, check out our recommendations for the best online casinos with great jackpot offers.