Slot machine games have been used since the late 1880s when Charles Fey built the first slot machine game, the Liberty Bell, in his workshop. Progressive slots came along about 100 years later in 1986 when IGT (International Gaming Technologies) released Megabucks, the first progressive game.

• Table Games Progressive Jackpot And Taxes
• Progressive Jackpot Slots
• Progressive Jackpot Table Games
• Ohio Lottery Ez Play Progressive Jackpot Games
• Progressive Jackpot Games

All progressive jackpot games must have an exit strategy that guarantees that the progressive jackpot will be won at some point. Common exit strategies include: › when the jackpot prize reaches a specific dollar amount, a specific day of the week or month, or a specific number of games played. Play online slots at Euslot Casino here at our jackpot slots page! We have a great list of progressive jackpot games for every type of online player. Sign up at Euslot today and receive your rewards! We offer not only licensed online slots, but also a unique system. What are Progressive Jackpots and how they work? Progressive Jackpot is the special jackpot video slot feature, where the total jackpot increases with every new game, unless there’s someone to win it. It takes only a minuscule percentage of each bet you place to sort of fuel the jackpot and make it bigger. Fast Play is everything you love about lottery games rolled into one; instant wins, progressive jackpots and lots of great games. Powerball; Mega Millions; Lucky For Life; Cash 5; Pick 4; Pick 3; Keno; Fast Play Games; Scratch-Offs; LUCKE-REWARDS. 50% of Progressive Jackpot. $10 Top Prize $269,409 100% of Progressive.

Until Megabucks all slot machine games paid a fixed maximum jackpot prize. The progressive technology IGT developed allowed games to gradually increase their jackpots over time.

I think it’s fair to say that progressive games have become common and popular across the world. Players love the big jackpots.

But are they worth playing for?

I’ve put a few dollars into those million dollar machines just to see what would happen. I didn’t win the progressive prizes but I didn’t like the results of my game play either.

Who Pays for Progressive Jackpots?

Whether it’s a slot machine or any other kind of gambling game, a progressive jackpot is paid the same way as a traditional prize. The money comes from players’ wagers.

The only time a casino risks its own money on a game is when it first introduces the game. The very first player could win a prize and the casino must cover it. Industry experts say it takes only a few weeks for a casino to earn a cash reserve on each game that covers all future payouts.

And that means all those progressive jackpots are covered by players’ wagers.

There’s too much debate and disagreement about how much the casinos make on progressive games to go into the details. The important thing to know is that a progressive jackpot is rarely paid out of the casino’s net worth.

How Progressive Games Work

The idea behind the progressive jackpot is simple. It starts out at a minimum level and as more wagers are played a little bit of each is allocated toward the jackpot.

The jackpot will only be rewarded on a random basis when an extremely rare combination of factors occurs. In slot games this is a combination of winning symbols. In other games it’s a combination of cards or die rolls depending on the game.

Most progressive games require that you make a maximum wager to win the progressive jackpot. So if you make anything less than the max bet and the winning symbols come up you’re only awarded a fixed prize.

The progressive jackpot may be increased by less than maximum wagers.

I know some people believe progressive games are designed to pay only after certain intervals but that can’t be true for all of them. I doubt it’s true for any of them. I say that because I’ve seen two people win progressive jackpots on the same machine within an hour of each other.

That poor second winner had to settle for slightly more than the minimum prize. But she was happy just the same.

A friend showed me an online slot game that had 4 or 5 progressive jackpots. It was a dizzying display of numbers increasing gradually over time. He asked me what I thought about all those jackpots.

I asked him if he was winning any money without the jackpots and he shrugged.

The slot game still pays smaller prizes. Progressive games can pay big or small prizes just like non-progressives. The idea is that the progressive prize retains a small, small percentage of every wager to cover the next jackpot.

The more progressive prizes the game pays the less likely it’s going to pay larger non-progressive prizes. But that’s just my opinion.

When a random number generator decides the action anything can happen even if that means the casino loses money on the game for a while.

Should You Play Progressive Games with Higher Jackpots?

The working theory among many players is that you should wait for a progressive game’s jackpot to climb to a ridiculously high value.

This expectation is based on the classic Gambler’s Fallacy, and just as with lottery games whose jackpots go unwon for several weeks or months, the amount of the jackpot doesn’t matter.

That was a “local” progressive jackpot. There were about 6 games networked together. They were very popular with the casino’s regular slot players.

I’ve never heard of a national progressive game paying jackpots close together but it could happen. The more machines you network together the less money overall each machine need to contribute to the jackpot.

Of course, if the gaming company wants to offer a really big jackpot then it needs to siphon off more money from the wagers. They can do this by offering progressives only on higher wager machines or by increasing contributions from each wager.

Either way, you’re risking more money to win the biggest progressive jackpots than when you play for the smaller ones.

Table Games Progressive Jackpot And Taxes

Is Winning a Progressive Jackpot Worth the Trouble?

If a slot machine game offers a fixed top prize of $10,000 why would you not be satisfied with that?

Progressive Jackpot Slots

Your chances of winning a $10,000 jackpot are much better than your chances of winning a $1,000,000 jackpot – all other things being equal.

The percentages on these two hypothetical games could be different. You might have a higher RTP on a $25 progressive slot machine game than a $1 non-progressive slot game.

You could also have a higher variance on the non-progressive game – where the big prizes are paid less often but they are larger than the big (non-progressive) prizes on the progressive game.

I don’t know of a simple way to decide between two slot machine games. You should study the help screens. You may need to look up their PAR sheets and see if you can calculate the odds based on their published specifications.

Progressive Jackpot Table Games

My rule of thumb is that the larger the prize on the table the less likely I’m going to win the prize. It doesn’t matter what the game is.

How Much Do Other People Win from Non-Progressive Prizes?

When you’re learning about a game for the first time look at how it’s paying other players. The frequency of payouts should have nothing to do with the progressive jackpot. That jackpot is being covered by a percentage of each wager just like the other prizes.

Instead, what you want to know is how enjoyable the game is. Everyone enjoys winning so how often that seems to happen is an important clue.

Other people’s results don’t guarantee you’ll win just as much or more than they do. All you want to do is get an idea for how many wagers you must make before you can bring your balance back up to where you started.

Some games pay partial wins. These are called losing prizes. If you wager $5 and the game pays $4 you lost on that prize. You just didn’t lose your entire wager.

I don’t play slot machines very often but I avoid games that pay losing prizes. It takes too much effort to calculate how likely they are to let you get ahead. But I’ve never walked away from playing a game like that with more money than I put in.

Conclusion

Playing a progressive jackpot game is a personal decision. I think you should play the game because you enjoy the experience.

I don’t make extra wagers in blackjack so I never play for the progressive prize. I’ve only once seen anyone win a progressive prize in blackjack but I don’t think it’s a common game.

Even in slot machine games you have a choice. You can choose to play non-progressive or progressive games. You can choose to make qualifying wagers or not.

As long as you’re not forced to pay extra for the prize do what you feel is more entertaining. After all, you just might be the next winner.

Ohio Lottery Ez Play Progressive Jackpot Games

Progressive jackpot games, or what are often simply referred to as jackpot games, are one of the biggest draws of any online casino. And rightfully so! With their flickering tickers that highlight the growing prize, and massive cash payouts that can reach into the millions, jackpot slots are an alluring bunch. In fact, you might say, for those in search of potentially huge payouts, they are the ultimate casino dream.

What Is a Progressive Jackpot?

A progressive jackpot casino game is any casino game with a progressive jackpot. Most often progressive jackpots are associated with slots, and somewhat less frequently video poker games. But there are actually instances of progressive roulette games and progressive blackjack games out there as well, though they’re certainly harder to find.
As for the definition of progressive jackpot, the jackpot part of the name is pretty clear. This refers to the prize amount on offer. Usually you will find a slots game’s prizes listed under its paytable, clearly marked with a monetary value per X number of symbols. This format exists in jackpot slots as well; that is, you continue to play for the regular prize table.
The twist in jackpot games is that there is also a progressive jackpot offered. It is not a fixed sum. Instead, this number is always displayed on your screen (most often at the top). And if you watch it closely, you will see that it continues to rise until one lucky player wins.
The way in which the actual jackpot is formed is also different than your standard prizes. Most often, it is actually two-fold. The software developer seeds the game with a set amount. So for example, Microgaming seeds its Mega Moolah Mega Jackpot game with £1,000,000! That means the minimum prize for landing that jackpot would be £1,000,000.
But it’s not just the seed money you win. These games are generally part of a network. That means that each time a player anywhere in the world and at any online casino that is part of the network places a wager on the game, a fraction of that wager goes into the jackpot prize. As such, as each person bets, you will see the prize value rising. The longer the game goes without paying out, the higher the prize will be. Once the prize is won, it is reset with its predetermined minimum prize and the excitement (and prize!) mounts again.

How to Play Jackpot Games Online

Playing jackpot slots is exactly the same as playing any other online slots machine. You log in to the casino, choose your game, set your bet, and click to spin.
Keep in mind, however, if you want to vie for the progressive jackpot prize, you will most likely need to bet the maximum allowed. This means that you will have to wager the highest amount on all of the available paylines in order to even be eligible for the jackpot prize. Once you have placed the max bet, you will need to land a very specific combination, as delineated by the game, in order to collect on the prize.
If that prospect intimidates you, just remember you can absolutely play jackpot casino games for lower wagers. You get the same fun and experience; it just takes the potential for the massive prize off the table.
The bottom line is that it takes big stakes to gain a big payoff, so these types of games are not necessarily a good option for those on a budget if you want to keep playing over the long-haul. On the flip side, in reality, all it takes is one lucky spin. In other words, deciding if they are worth the risk, or shall we say investment, is really up to you.

Playing Jackpot Games at Playzee Casino

At Playzee Casino we know that our players enjoy the thrill of jackpot games. That is why we strive to maintain a strong offering within our repertoire.
To access them, just visit our website and click the ‘games’ icon at the top of the page. You can then find them all listed under the ‘jackpots’ tab. In addition to a list of all available game options, conveniently laid out in a grid pattern, you’ll also be able to see the progressive prizes on offer, highlighted at the top of each game’s thumbnail.
As you will quickly see for yourself, this catalogue includes a range of classic heavy-hitters with some of the most popular progressive games like Mega Moolah and Mega Moolah Isis from Microgaming. You will of course also be pleased to see other top paying, fan favourites like the NetEnt powerhouses Mega Fortune, Divine Fortune, Grand Spinn Superpot, and Hall of Gods. If you are looking for something off the beaten path, you may try your luck at Apollo God of the Sun from Leander, or the rising star, Rainbow Jackpots brought to us by Red Tiger.
Other options for the adventurous include always engaging titles like The Goonies Jackpot King, Jackpot King, Ted, Mars Attacks, and Slots O Gold Megaways from Blueprint. If you are looking for a little Greek God and sea action there is Tridentia slots from Merkur.

History of Jackpot Games

Progressive Jackpot Games

As for the history of jackpot games, that is really anyone’s guess. Unlike roulette which has its clear origins in 18th century France, or the slot machine invention mostly credited to Charles Fey in the late 1890s US, the history of jackpot games is far less clear. The term jackpot itself is said to date back to the 1870s and was actually used in reference to a Jacks or Better game. In the 20th century the term really took off, and became symbolic of what it is today – that is winning a really big prize.
What we can also tell you is who has made history playing jackpot games. And that is the player who won €18,915,872 on Mega Moolah in September 2018, and made his way into the world record books. With a little luck, maybe you can make jackpot history too!
That being said, whatever the history, all we can say, is we are glad to have progressive jackpot games in the mix. They add a unique thrill to the game, and give us all an added element of fantasy with every spin of the reels.