Nowadays, online casinos allow iGamers to deposit money via e-Payment methods such as PayPal
, Neteller, Skrill, while others even allow Bitcoin. By accepting all players, whether it is the high-rollers who spend thousands of dollars or just a curious person scouring the internet and then decides to spend a few dollars, it has contributed to the vast payouts by casinos to iGamers. In the past, most of the players who profited on their visit to casinos were high rollers.
This is because they spent big and won big while those who were on a limited budget, won a few thousand dollars at most, and wins were rare. With the influx of iGamers on the internet who jump from one casino to the other in search of better bonuses, payouts, and the latest game releases, it has seen jackpots grow to record-breaking amounts. The most popular Progressive jackpot slots are played almost every minute, which means that the jackpot amount increases by the minute in real time!
There are also Non-Progressive jackpots whose jackpot-amount does not increase no matter how many times it is played. Such slots are an iGamers favorite because the base game and the bonus games pay out more often and they often have Multipliers. This is due to the fact that Non-Progressive jackpot slots are a smaller investment to casinos as compared to their Progressive counterpart. A slot's payout frequency is calculated as an RTP ratio which is the Return To Player ratio. It is how often a slot pays out when an iGamer plays the slot. Usually, Non-Progressive jackpot slots have a higher RTP ratio as compared to slots with Progressive Jackpots. Because of the millions of dollars at stake, winning on Progressive jackpots is more challenging, which adds to the overall thrill of the game.
The record jackpot amount ever won on an online slot is stands at €17,861,800 which is approximately $20,262,854.60. A highlight of this win is that the player only wagered a mere $25 cent equivalent and made a staggering 7,000,000,000 % profit. It was an achievement realized on the Mega Fortune slot which is developed by Netent. Not so long after this, another online winner amassed £13.2 which is approximately $16,800,000 on the Mega Moolah slot developed by Microgaming. These records are bound to be broken sometime soon as more and more people are joining online casinos to try their luck whilst having fun at the same time.
So popular have Progressive jackpots become, that most casinos have launched mobile jackpots. These jackpots are centered around the casino's mobile app for smartphones. They are just as popular, albeit with a smaller prize money, but just as enticing as the ones accessible via laptops and desktop computers. A total sum of $11,610,536.59 million is the current record for the highest amount won on a mobile Progressive jackpot slot, which was on the Mega Moolah video slot developed by Microgaming. What is impressive is that the winner only played with a bet of $1.50 on an iPad.
The Progressive jackpot slots also have a base game and might also include the bonus game plus a Non-Progressive jackpot. In most of them, you can adjust bet limits as you play to land some wins. You can alternatively, opt to just play the Progressive jackpot and to do this, a majority of the slots have a cap on the minimum amount you can wager. That is because some slots have up to three Progressive Jackpots mainly; Minimum, Medium, and the grand jackpot. Each has a wagering requirement plus a different cash prize on offer. To play for the grand prize, you have to stake the maximum wager available.
As you can see there are some Progressive jackpot slots which allow you to kill more than one bird, with one stone. You can either opt for a Non-Progressive jackpot or stake for up to 3 Progressive Jackpots. Some of the notable Progressive jackpot slots are Mega Fortune and Mega Moolah, which are found in most online casinos.
Progressive jackpots seem to be the new Lotteries and it is one of the core reasons why the online casinos are growing every day. For as little as 25 cents, it is possible to change your life with millions, instantly. So, why not try to claim the millions of dollars at stake? In fact, there are other less popular Progressive jackpot slot titles which payout 10s or 100s of thousands in winnings. They are much easier to win, although the winners do not get the press coverage that a $12 million winner will/might receive, they are still worth a try anyway. Play the Progressive jackpots today, you never know where your fortunes lie.