With a regular slot, the prizes are fixed and do not change. However, progressive slots are linked across multiple games and/or casinos. Each wager adds to the ever-increasing jackpot amount. The jackpot keeps growing until one lucky player triggers the top prize. After someone wins, the progressive jackpot resets to a predetermined base amount and starts increasing again. Some progressive jackpots accumulate rather quickly due to the volume of bets placed. The more people that play, the faster the jackpot grows. These prizes reach staggering amounts in the millions. Just imagine putting in a small bet and suddenly becoming an instant millionaire! It’s a life-changing proposition that keeps players coming back.
Types of progressive jackpots
- Standalone progressives – As the name suggests, the jackpot for these slots comes from bets placed on a lone machine. You’ll typically find standalone progressives in land-based casinos, with the prize generally in the tens of thousands of dollars.
- In-house progressives – These link together slots within a single casino. Bets from this group of games all contribute to the same jackpot. These prizes tend to be more substantial than standalone progressives, ranging from $100,000 to the millions.
- Wide-area progressives (WAPs) – WAP slots connect games across multiple casinos, sometimes covering entire states or countries. With the most bets going towards these jackpots, they offer the biggest payouts. WAP prizes routinely exceed $1 million, with some maxing out over $10 million.
Better winnings odds with progressives
Beyond the chance for an enormous jackpot, progressive slots also give you better odds of winning in general. Regular slot machines are programmed with a fixed payback percentage in the mid-to-high 80s or low 90s. This payback percentage determines how much money is paid out in prizes over time. However, part of each bet on progressive slots goes towards the growing jackpot. It means the casino has to pay out more money on these machines compared to regular slots. As a result, progressive jackpot games normally have payback percentages in the mid-to-high 90s.
The actual odds of winning the jackpot aren’t any different than a fixed payout on a regular slot. Industry averages peg those odds between 1 in 17 million and 1 in 50 million spins. Admittedly, those numbers are long shots. Nevertheless, with higher payout percentages overall, you stand a better chance of winning any prize on a progressive slot. Check out this link right now https://178.128.125.7.
More bonus features
In addition to better payout odds, progressive slots also tend to pack in more bonus features. These special game elements provide extra ways to win besides just matching symbols across paylines. Bonus features create excitement and lead to bigger victories. Some bonus elements like free spins, mini-games, and extra wild symbols are fairly common among progressive slots. Additionally, many also incorporate a wheel bonus. This is a secondary wheel game that triggers after specific wins. You then spin the wheel for a shot at progressive jackpots, fixed coin prizes, multipliers, and more. Wheel bonuses add anticipation since you never know what reward you’ll uncover. These features also give you more than one opportunity to win the game’s top progressive prize. Bonus features provide extra incentives to keep you playing by offering multiple paths to big payouts.
