Jackpot slots fascinate casino players all over the world, especially when the news of a new seven-figure record hit gets media attention.
Before trying to break into the record books through games like Mega Fortune Dreams or Mega Moolah, it’s a good idea to learn as much as you can about these exciting slot games that you’ll find in our casino. Start by understanding what a jackpot slot actually is before delving into the four different types, which games are most popular and why. Here’s your ultimate guide to jackpots!
What is a jackpot?
A jackpot slot is like a regular video slot, but with that little extra. That little, or not so little really, extra is an indefinite maximum sum that makes it possible to reach seven-figure wins in a single spin. These amounts can either be local to the casino you’re playing at or linked across multiple operators.
Types of jackpots
There are four different types of jackpots that you can encounter online – local, progressive, networked or linked and fixed jackpots. Although many of these are combined in practice, we’ll go through each one individually below.
The prize pool in local jackpots is made up of bets placed in a specific casino. Therefore, local jackpots are usually lower than linked ones (explained in the next section) because fewer players contribute to the overall prize pool.
Progressive jackpot games are the ones that make headlines. Because the prize pool is collected collectively by many players, these jackpots grow every time someone makes a new bet.
In other words – every time you bet C$10 on a progressive jackpot game like Mega Fortune or Hall of Gods, a small percentage of your stake is added to the top of the prize pool. The total is based on all bets placed on these slot machines, and since these games are hugely popular with players around the world, they can add up to thousands of bets every day. Add up all the bets, and you have the chance to reach a multi-million prize pool that a single winner can win. As exciting as these games are, keep in mind that progressive jackpots don’t pay out as often as other types.
Networked or linked jackpots
Networked or linked jackpots reach the most distinctive prize totals. Why? The pot is mainly collected through players’ bets on games like Mega Moolah and Mega Moolah Isis from several different casinos that offer this particular jackpot.
Just like the progressive variant, or lotteries, as you may know, every player’s bet contributes to the prize pool, which means that it can grow really big, really fast.
Fixed jackpots are just what they sound like – fixed. Sometimes referred to as ‘cash jackpots’, the game’s built-in features determine the maximum prize pool in these games. This means that the totals remain the same no matter how many players are playing.
Apart from the fact that the maximum prize is quite a bit smaller than in the previous variants, this type of jackpot tends to fall out more often. In addition, some game manufacturers have daily jackpots that are linked to a timer and have to fall out before a certain time.
Slots with multiple jackpots
Last out, we have games with multiple jackpots and different winning possibilities. Most game manufacturers use the terms mini, minor and major to indicate the size of the jackpot.
In this type, you usually get a wheel of fortune where you can go through three different jackpot levels to reach the maximum win. The sums here can either be linked or local, depending on the game in question.