Are you looking for booming jackpots from slots? Progressive slots are what you are looking for. Progressive machines are some of the most popular slots in casinos, as they offer very impressive prizes running to millions of dollars. Players flock these machines in casinos as no other games offer such lavish pay-outs.

• Welcome to Red Screen Ninjas. We are in Vegas playing high limit slots! In this episode, we decided to test our lucky with just $15 dollars that ended up pan.
• The most exciting thing about playing casino games is winning, while progressive jackpot party slots provide an opportunity to win more than any other games do. The sums of money you can win are huge, and keep getting bigger with every bet that you or the others place while playing a certain game (individual progressive jackpot) or on multiple slots that form a progressive network, often.

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We are going to learn what casinos mean when they say progressive machines, their benefits, and how they work. Read on.

What are Progressive Jackpots?

Progressive jackpots are pay-outs on gambling machines, such as video poker machines and slot machines, in casinos. They are usually marked as progressive machines, so players may be aware of that before they sit down to play.

Each time the machine is played, the combined jackpot winnings increase by small supplements. The casino sets the small chunks by which the jackpots are increased. On numerous occasions, these machines are linked so that the total increases faster as multiple players playing at different machines concurrently.

Each of the slots has a meter that displays the amount of the jackpot and the winning combinations that are needed. On a slot machine, for example, you might need five cherries showing to win. Once you have won the jackpot, the meter resets to the lowest level, and the process starts again.

Gamblers usually have to wager the maximum bet per play to qualify for the jackpot winnings. When the maximum is not wagered, the bet will still contribute to the jackpot, but the player is not allowed to keep the jackpot winnings should it hit on that play.

The Benefits of Progressive Machines

Though casinos have progressive slot machines to lure players to play, the number of machines in the casino are not many. The casino is usually willing to make a small contribution to the progressive jackpot winnings, but the odds always give the casino an edge over the players.

Gamblers love progressive jackpots because if they win, they win big. The size of the jackpot can quickly escalate from hundreds to thousands. Players risk their losses by feeding the slot for a chance to hit the progressive jackpot.

Progressive jackpot machines usually don’t pay out jackpot winnings frequently, because the casino presets the increments. The machine needs to be played for a while. The odds of winning faster pay-outs are on progressive machines are not as good as on regular slot machines.

How Progressive Machines Work

As already mentioned, progressive machines are distinct from other slots because their jackpots increase with every bet. The idea behind is quite simple: a small percentage of every bet feeds the pool of cash until one player hits the winning combination, which sets off the jackpot pay-out. Logically, the highest jackpots are won on games that have the most top wagers and the most players.

When a player hits the progressive jackpot, a few things happen. First, the machine locks up, lights flash on and off, and the player is instructed to call an attendant. The machine then sends an electronic signal to the control to notify the casino about the win.

Most of the progressive jackpot winnings are huge. They range from $10,000 to $1,000,000. Before the winnings are paid, the casino has to send someone to verify that the machine was operating well when the player hit the jackpot. The casino must confirm that the win is genuine.

The player who hits the jackpot can either be paid in cash or check. When the winnings are more significant, the pay-outs could be split. An amount could be paid by check on the day of winning, then the player can set time, say 60-90 days when they can collect the rest of the jackpot or an annual annuity.

Here are a few interesting things that you might need to consider before investing in a progressive jackpot

• Qualifying- this is one of the most important things that a player needs to learn. This is because not every wager on a progressive machine leads to winning an attractive pay-out.
• Jackpot Meter- the jackpot meter is another essential aspect of progressive machines. When the jackpot has been won, the amount of the highest pay-out resets and goes back to the lowest level from which it started.
• Odds and Expected Return- the odds of hitting the jackpot on a progressive slot are usually very thin, sometimes smaller than winning the lottery. If you remove the jackpot from the calculation, the house edge becomes different.

Who Pays Out the Jackpots?

Smaller pay-outs are paid by the casinos or I-casinos (online casinos). These include the lower level jackpots.

In bigger prize pay-outs, the software company is involved, primarily when the linked progressives are hosted in multiple locations.

The Biggest Progressive Jackpots in History

The highest progressive jackpot ever recoded is $39.7 million. It was won in the Excalibur Casino, Las Vegas, on one of the most famous slot games, IGT’s Megabucks. For a very long time, Megabucks was only available on physical slot machines across many gambling facilities around the globe. This was until recently when IGT added it to a portfolio of online games. Online slots are however, yet to hit such high pay-outs, but they are rapidly gaining popularity and making pay-outs to more and more players.

For example, Mega Moolah is known for the big pay-outs it regularly gives to players across the world. The game is commonly referred to as “The Millionaire Maker.” In 2015, a British army soldier, J. Heywood, won £13,213,838.68, by placing £0.25 bets on Betway. Canadian Marcus Goodwin won CA$11,633,898 in 2016. A Maori man in New Zealand took home NZ$10,144,395.82 a few months before that.

Another remarkable pay-out was of €17,861,813 unexpectedly won by an anonymous Finnish man in January 2013 at Paf Casino. The man got the right combination while playing NetEnt’s Mega Fortune. In 2011, a Norwegian student who was trying his luck with free spins won €11,736,228, while playing the same game.

In mobile jackpots, the highest pay-outs have been at Microgaming’s Mega Moolah. On August 28, 2016, a woman hit a jackpot of €7,968,311.26. She was playing the game on her mobile phone. It was the most prominent mobile win ever recorded until less than a year later in April 2017. A mobile player at Tipico Casino won €8,012,153.35

Conclusion

Progressive jackpots are very popular as they provide stunning pay-outs. They are pay-outs on gambling machines, like slots and poker machines. They are usually marked out in casinos so that players are aware.

The number of progressive machines in casinos are not many. The jackpots winnings also don’t happen as often because the house sets the increments. The odds of scooping the progressive jackpot are minimal compared to other games such as lotteries.

The casino pays smaller progressive jackpots while the software company pays larger ones.

Ever since progressive jackpots were invented in the 1980's, slots players have been trying to hit the elusive prizes that could change their lives in just one spin of the reels. With the huge increase in the number of players enjoying these slots that came about with the advent of online casinos in the late 1990's, progressive jackpot slots have become even more popular.

Now, whether playing online or at a land based casino, progressive slot jackpot winners can scoop multi-million Dollar prizes. By visiting Progressive Jackpots, you can check out the details on the biggest current prizes, see which online casino is featuring the hottest games, and even claim improved welcome packages to play these slots for free.

Contents

1. 1. About Progressive Jackpot Slots
2. 2. Biggest Land Based Progressive Wins
3. 3. Biggest Online Progressive Wins

1. About Progressive Jackpot Slots

Progressive slots are a special type of game where a small amount, typically 1%, of every bet made gets put aside, and the more people play the game, the bigger and faster the pot will grow. Since the technology to link many games together first came out, progressive jackpot games have become far more popular, as there can be hundreds, or even thousands of players on the same game, across the world, at any one time.

Previously, the jackpots were limited to a single machine, which meant that prizes couldn't rise very fast and either paid out relatively small wins, or paid out very infrequently. But all that has now changed, and lots of lucky people have become rich playing progressive jackpots slots at traditional casinos and online.

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2. Biggest Land Based Progressive Wins

Las Vegas is the undisputed home of land based gambling, and it should be no surprise to find that the biggest wins have occurred in this city's' many casinos. The most famous of these are the Megabucks progressive jackpot winners, some of whom have walked away with several million Dollars for 1c stakes.

Many winners like to remain anonymous, but it's known that the world record progressive jackpot win was claimed by a 25 year old software engineer who won $39.7 million on the Megabucks slot in the Excalibur resort. Another Megabucks win was claimed by Cynthia Jay Brenna, a 27 year old cocktail waitress from Vegas who scooped $34 million in 2000, while Elmer Sherwin won $4.6 million in 1998, and then $21 million in 2005.

Wheel of Fortune progressive jackpot winners can be found at many casinos, as this range of games are among the most popular across the USA. In general, prizes are around the $200-250,000 level, but there have been some recent $1 - 2 million+ wins.

While progressive jackpot slots at land based casinos will remain a big attraction for many, online casinos have become far more widely played, and feature a wider range of games, with bigger prizes.

3. Biggest Online Progressive Wins

Because there are so many progressive jackpot winners at casino online, a full list would fill several pages, but some of the biggest wins include a Stockholm man who won €4.1 million just before Christmas 2013 on the Arabian Nights game, a lucky player from Finland who scored a €5.5 million win on Mega Moolah. An Oxfordshire resident became the biggest progressive jackpot winner UK when he scooped £5.8 million on The Dark Knight Rises.

But the biggest slot machine progressive jackpot win came about on the Mega Fortune slot, with an €11.7 million payout in 2011, and a staggering €17.8 million win by another Finnish player. The anonymous person wagered 25c on a spin one night in January 2013, and triggered the bonus game which played through all three of its' rounds to reward him with the biggest progressive jackpot winner.

Once a progressive jackpot win has been hit, its' value is reset to a base level, which can still be a substantial sum, and it starts to grow again from there. If you want to see what the current values of each of the biggest games is, simply check the details at Progressive Jackpots, where the information is shown, as well as a section where readers can post videos of their wins.

So see what jackpots are on offer, and then hopefully you will be able to let everyone know about your good fortune by posting wins on Progressive Jackpots.