The progressive jackpot has in recent years, revitalized the online slot industry. So what is a progressive jackpot we hear you ask? Well the way it works is as follows. Firstly, to be in with a chance of winning a progressive jackpot you must make the maximum bets possible during your regular game. A percentage of this bet goes into a big linked jackpot (the progressive jackpot) in which a percentage of funds are collected from everybody playing the same slot. This can be every machine in the same casino or even every casino in the same country.
The odds of winning a progressive jackpot are very low, more or less equal to the odds of winning the national or state lottery so it’s a true gamble as to whether you will win this jackpot or not. There are many software companies starting to offer progressive jackpots, we are going to take a quick look at some of the most popular.
Microgaming progressive jackpots
One of the founding members of eCOGRA - and generally considered as having some of the most lucrative progressive jackpots in an online casino -, Microgaming, have brought a nice variety of high paying progressive jackpots to the table since their inception in 1994. As IGC members they are also committed to fairness in online casino gaming. And to date their progressive jackpots have paid out in excess of $500 million!
Playtech progressive jackpots
With some of the best online features across the board, Playtech have around 30 progressive jackpots including the hugely popular Gold Rally. Recently they had a progressive jackpot payout up to $7 million, which is quite a sizeable amount if you manage to win, and with the sheer variety of games they offer there will always be something for you to play depending on your favourite flavour.
Rival Gaming progressive jackpots
Specializing in online slots, one of the newer smaller software developers offering progressive jackpots are Rival Gaming. They may only have 4 available at this present time but they still know how to pack a good jackpot into a well-designed slot game. Their largest payout to date is around $300, 000 so still a very good win if you manage to scoop it up.