Jackpot slots are games that offer bigger-than-usual payouts for certain wins. It’s no wonder people are drawn to these slots, as the jackpot wins can reach into the millions. There are two main types of jackpot slots: progressive jackpots and fixed jackpots. They both offer larger-than-normal payouts, however, progressive jackpots grow in size whereas fixed jackpot prizes are static.
How do Progressive Jackpots Work?
A progressive jackpot is either triggered at random or when specific events occur in the game you are playing. For example, when you get certain symbols on a payline in a slot, or when you get a royal flush in a poker hand. These occurrences will trigger the progressive jackpot and subsequently fill your pockets with huge amounts of money.
Once the progressive has been won, it will reset to its baseline and begin the climb again. Sometimes, there may be a set time in which the jackpot needs to be won, for instance, with daily progressives. This means that the jackpot will be won and reset daily. In other cases, the time at which the progressive is won is completely random.
How are Progressive Jackpots Accumulated?
A small portion of every bet placed on the progressive jackpot game is added to the tally. This is why you will often see the value of the jackpot increasing in real time. The more people are playing at a time, the quicker the value will increase. These jackpot amounts will keep increasing exponentially until one lucky player triggers the bonus and takes home the prize.
The jackpot prizes can often accumulate into life-changing sums, and when won, can alter peoples lives. They are a big reason that people flock to the progressive games.
How do Progressive Jackpots Differ from Fixed Jackpots?
Fixed jackpots generally have a smaller amount of money on offer, and they do not accumulate over time. Their prizes, although bigger than others, remain fixed in number. An example would be a slot machine which offers a mini, minor, major, and mega bonus. The amounts offered will all be static numbers, but the mega bonus is usually a huge sum of money. They are just as desirable and enjoyable as progressive jackpots.