Slots are the most popular games played at casinos, whether it be at real money online casinos or traditional land based casinos. The popularity of slots is attributed to the fact that they are easy to play, and have a comparatively higher Return to Player (RTP) percentage when compared to other casino games. With slots now being played online it is more convenient than ever to play your favourite slots from your home, as well as grabbing a casino bonus in the signing up process.
Another reason why slots are so popular, particularly online slots real money, is because of the progressive jackpots which players stand a chance of winning when they spin the reels.
A progressive jackpot, as opposed to a regular jackpot, is a jackpot that increases as people play. The more people play, the higher the progressive jackpot prize grows, until a lucky player finally wins the big prize. Online progressive jackpots typically grow to eye watering amounts due to the fact that the progressive prize is accumulated from multiple slots across multiple casinos.
As a result of progressive jackpots being linked to multiple slots across various casinos, the odds of you triggering the jackpot are much lower than a normal jackpot. So what exactly are your odds of winning a progressive jackpot?
What are the Odds at Winning Progressive Slots?
The odds of winning a progressive slot are not as simple as calculating, for example, the odds of your numbers landing in a game of Roulette. There are several factors that significantly influence the likelihood of a progressive slot being triggered. These factors include the type of progressive jackpot, the software that runs the progressive jackpot as well as the algorithm that triggers the progressive jackpot winner. Therefore, each progressive slot that you take part in will have its own unique odds of triggering at any given time.
With that being said the odds of winning a progressive jackpot slot, on average, amounts to a 1 in 50 million chance. While this number may seem high, in comparison, the Lottery has a 1 in 300 million chance of you winning the top prize.
Let’s take a look at some of the types of progressive jackpots that you can expect to find so that you can get a clearer picture of your odds of winning.
Standalone Progressives
A standalone progressive jackpot was the first progressive jackpot seen at land-based casinos. This particular type of progressive accumulates funds form a single machine, which is triggered by a jackpot ticker. While it is more common to find progressive jackpots that link multiple slots together for the prize, there are still plenty of standalone progressive slot machines in casinos around the United States, because they were so popular at the time. These progressive jackpots seldomly reach over $10,000, which is still a decent amount of money to walk away with but pales in comparison to wide area network progressives.
Local Progressives
Casino slot machine.
The next step in the evolutionary chain for progressive jackpots is the local progressive. Unlike the standalone progressive, the local progressive pools together funds from multiple slot machines within a specific casino. Depending on the size of the casino, the local progressive can include anywhere from 10 up to 100 machines. The more machines that are linked to the progressive the more lucrative the prize will be, and it is not uncommon for the jackpot to break the million-dollar mark.
Wide Area Network Progressives
Wide area network progressives, which is most common in USA online casinos, is a progressive jackpot that links various slots across numerous casinos. The size and scope of the funds that are accumulated through this massive network means that the progressive jackpot prize often accumulates into the millions. Some of the biggest online casino games for real money wins have been through wide-area network progressive slots. If you are playing a slot that is linked to a wide area network progressive then you may stand a chance to win the progressive jackpot simply by spinning the reels.
Try Your Hand at Progressive Slots Online
Land-based progressive jackpot slots will put you in line to win some serious cash. While the chances of you actually winning the progressive jackpot is rather slim, the benefit is that you still stand a chance of winning a some real money while playing the main slot game. Signing up at an online casino will also enable you take advantage of the casinos welcome offers, which includes a no deposit bonus, inclusive of free spins and more.
Slots being offered at online casinos have made it super convenient to gamble wherever you are, and with online casinos offering progressive jackpots there is even more reason to sign up and play. Before choosing a casino we suggest reading through our online casino reviews to find the casinos offering the most lucrative progressive jackpots around.
Online progressive jackpots are extremely popular, as they have a tendency of paying out regularly and tend to have higher pay-outs compared to land based slots. With progressive slots such as Wheel of Fortune and Microgaming’s Mega Moolah, it’s clear why so many are choosing to take part in online progressive jackpot slots.
