Knowing when a jackpot slot machine will hit is something every player wants to know. After all, the main reason why many users play slots is to hit the jackpot that will bring them enough money to book a trip to the glamorous Las Vegas.
The truth is that jackpot winners are very few and far between. The odds that a jackpot slot machine pays that big jackpot are extremely low, so we wouldn’t advise our players to pursue them relentlessly. In any case, this is what you need to know about jackpot slots and progressive jackpot slots.
JACKPOTS – WHAT IS IT AND WHERE DID THEY COME FROM?
Originating in the 1890s, jackpot slots are considered one of the most popular online slots out there. They work differently than online slot machines, as players get the chance to win even bigger payouts with every jackpot spin — the ultimate prize is called the ‘jackpot’.
Do note that such prizes are far from frequent payouts, since the chance of hitting jackpot prizes is said to have worse odds than one in a million.
WHAT DOES THE WORD JACKPOT MEAN?
The word ‘jackpot‘ refers to the grand prize the jackpot video slot machine can pay. Jackpot slots usually include three or four jackpots of different sizes so as to offer slightly more frequent payouts than just one single, ultra-rare prize.
HOW DO ONLINE CASINO JACKPOTS WORK?
Jackpot video slot machines work just like any regular slot machine, only that you stand to win a grand prize whenever you land a winning combination on the reels. In fact, if you’ve been playing slots for a while and want to try to grab that elusive jackpot slot machine hit, you have nothing new to learn.
With that said, there are a few different types of jackpot slot machines out there, so we’d advise you to read up on their differences and similarities.
JACKPOT TYPES FOR SLOT MACHINES
With the information you’ve learned thus far, you’ll want to scour every casino floor of the multiple casinos in your area to find jackpot slots. Before doing so, we’d advise you to learn about every type of jackpot casino game below.
Better known as a fixed jackpot, permanent jackpots are slot machines in which the grand prize is predetermined by the slot machine provider.
Much like lottery games, the ultimate prize cannot grow by any means, unlike what happens in progressive slots, which we’ll explain below.
Progressive jackpots are one of the most sought-after online slots in the world of online casinos. Such slot machines pay differently than normal jackpot video slots. Here’s how.
PROGRESSIVE JACKPOT – HOW IT WORKS
Unlike fixed jackpot slots, progressive jackpot slot games are characterised by their ability to grow in size as they accumulate over time. A small percentage of each wager is added to the prize pot every time a player bets, and the jackpot continues growing until the prize is won.
If a player is lucky enough to trigger a win, the prize pot will reset to a value that was decided in advance and will continue to amass with every spin once again.
Triggering a progressive jackpot win is a one-in-a-million chance — the value of this prize may reach impressive levels, some even accumulating to seven or eight figures.
PROGRESSIVE JACKPOT RESTRICTIONS
Although you’ll be relying entirely on the Random Number Generator to win money, progressive jackpot slots have certain restrictions that dictate whether or not hitting the jackpot is possible.
- Bet size requirements: To be eligible for the progressive jackpot, players may be required to place a maximum bet.
- Game limitations: These jackpots are often specific to a predetermined selection of slot games, so players must play slots from this selection to qualify for the progressive prize.
- Casino restrictions: Some progressive jackpots are only available at specific online casinos — sometimes even just a single casino — so players may only play slots in said casinos to be in the chance for the prize.
- Time restrictions: Some progressive jackpots are only available during certain hours or on certain days.
- Payout restrictions: Some progressive slots have restrictions on how they can be paid out, such as a maximum payout amount or a requirement to claim the prize within a certain time period.
- Specific slot machine combinations: To trigger the prize in most progressive slots, one must land a specific combination of symbols on the reels. This is often known as the jackpot combination.
THE BEST PROGRESSIVE JACKPOTS YOU WANT TO HIT
If you’re intent on claiming big progressive jackpots, you’ll want to play a slot machine that is capable of delivering just that. Here are the progressive online slots that are capable of paying big.
- Mega Moolah: Mega Moolah is known to dish out some mega jackpots through its savannah-themed 5×3 reels. Although it has a good 25 paylines ready to carry that progressive prize, Mega Moolah is a low-volatility slot machine that offers an RTP of just 88.12%. Nevertheless, this game’s special feature includes the much-loved Free Spins bonus rounds, which makes this slot a big favourite among beginners and veterans alike.
- Major Millions: Up-and-coming cadets on the hunt for good progressive slots will want to hear about this one. Major Millions is among the lesser-known games that include free spins and other special features, with the highlight being the progressive prize. Smaller jackpots pay up to 8,000x your wager, so don’t be dismayed if you fail to hit the maximum jackpot.
- Mercy of the Gods: In an effort to win progressive prizes while steering clear from a high house edge, players should definitely try Mercy of the Gods. The high-volatility action takes place on five reels and three rows, as is the case with most slots nowadays. This game has both a Respins feature and a Free Spins feature, attainable through Wilds and Scatters, respectively. To really win big, however, you’ll want to unlock the Gift of Wealth round and fill the reels with bonus symbols. That will be enough to net you the mega prize.
WHAT ARE THE CHANCES OF HITTING THE JACKPOT PLAYING A SLOT MACHINE?
The chances of hitting the jackpot on a slot machine can vary widely depending on several factors, including the specific game, the size of the jackpot, and the number of players participating. In general, the odds of hitting a progressive jackpot are lower than the odds of winning a smaller, non-progressive jackpot.
It’s important to keep in mind that slot machines are games of chance, and the Random Number Generator determines the outcome of each spin. This means that the odds of hitting the jackpot can change from one spin to the next and that the outcome of each spin is completely independent of all previous spins.
If you are interested in playing a progressive jackpot video slot, it’s a good idea to check the pay table to determine the odds of hitting the jackpot, as well as to understand any restrictions or requirements that may apply.
HOW OFTEN ARE JACKPOTS PAID OUT?
The frequency of jackpots being paid out varies depending on several factors, including the specific game, the size of the jackpot, and the number of players participating.
For smaller, non-progressive prizes, the frequency of payouts can be relatively high, as these jackpots are usually won on a more regular basis. For larger, progressive prizes, the frequency of payouts can be much lower, as the jackpot continues to grow until it is won.
The exact frequency of payouts for a specific progressive jackpot will depend on a number of factors, including the size of the jackpot, the number of players participating, and the odds of hitting the jackpot.
It’s important to remember that the frequency of jackpot payouts is influenced by many factors and can change over time, so it is difficult to determine the exact frequency of payouts for a specific game or progressive jackpot.
PAYOUT RULES FOR JACKPOTS
The rules for payouts for jackpots can vary widely depending on the specific game, the type of jackpot, and the jurisdiction in which the game is being played. Some common payout rules for jackpots include:
- Identification requirements: In order to claim a jackpot, players may be required to provide identification and proof of age.
- Time limits: Some jackpots may have a time limit for claiming the prize, such as a requirement to claim the prize within a certain number of days or hours after hitting the jackpot.
- Tax implications: Depending on the jurisdiction, jackpot winnings may be subject to taxes, and players may be responsible for reporting their winnings to the appropriate authorities.
- Payout options: Jackpot winnings may be paid out as a lump sum or in instalments, depending on the game’s rules and the player’s preference.
- Maximum payouts: Some jackpots may have restrictions on the maximum payout amount, such as a cap on the total amount that can be won.
- Verification procedures: Before a jackpot can be paid out, the game or machine may need to be verified to ensure that the jackpot was won fair and square.
It’s important to familiarise yourself with the rules and regulations of the specific jackpot you are playing in order to understand any restrictions or requirements that may apply to the payouts.
CONCLUSION – ARE SLOT JACKPOTS A HIT OR A MYTH?
Jackpot casino slots are the farthest thing from a myth. Several players have won and continue to win large prizes when playing progressive slots, so there is no reason to believe that the nature of jackpots is unfounded.
This said, players must be wary of the fact that landing a jackpot is extremely rare. No number of spins will guarantee that you’ll walk away with a large jackpot, so it is important to play responsibly at all times.
✅ Can jackpots be found at every casino?
No, but at LV BET, players can definitely find several jackpots worth playing.
✅ Can I hit the jackpot by playing slot machines with a minimum bet?
In most cases, you are eligible to hit the jackpot on a slot machine regardless of the size of your bet. However, there may be some restrictions for progressive jackpot slots that require you to place a maximum bet in order to be eligible for the progressive prize pool.
✅ Is the jackpot safe for an online casino player?
That will depend on the legitimacy of the casino you choose to play at. At LV BET, players can rest assured that their gaming experience is safe, owing to the multiple licenses that have proven our integrity.