What Is Progressive Jackpot?

What is a progressive jackpot? This is one of the most interesting and positive phenomena that exist in any kind of casino, including online casinos. The essence of it is very simple. A part of all the funds that fall into the budget of the casino, transferred to the account of the jackpot. This jackpot can be ripped off by any lucky guy.

And it must be said that this is an excellent phenomenon for both players and for the casino owners themselves. In the first case, there is an opportunity to earn a huge, you can say a fabulous amount of money for the player. In the second case, speaking about the case of casino owners, the main advantage if someone wins a progressive jackpot, then everyone will know about it, which means that there is additional advertising.

Progressive jackpot can have several ways of income at once, but everything goes to one lucky one. Nevertheless, it is fair to say that the slots machines as much as many other casino games that imply the presence of progressive jackpot usually have slightly reduced payout multipliers. But it's not surprising. The part of the casino's revenue goes to the jackpot, which will definitely be paid to the player. And for the players the difference in multipliers is not significant, compared to the chance to get a huge amount of money. This prize is often able to improve well-being for several years in advance, or even for all life.

In any way, it is necessary to distinguish the types of progressive jackpots, since they promise different payments and are accumulated under different conditions.

Types of progressive jackpots

One of the most common 5 types of progressive jackpots is called "In-house". It is formed by investing in slot machines in several different casinos that are on one network. This allows you to accumulate a truly impressive amount of money for the payment, and therefore attract additional customers.

Another version of the progressive jackpot is called Stand Alone Progressive. It's probably not so attractive than the previous one, but it is also very profitable. The essence of this jackpot is in the next details. The player gets the opportunity to win a substantial prize but receives much less from standard payments. A similar jackpot is formed solely on the basis of one slot machine or several.

Area Wide is one of the last of the most popular progressive jackpots. The essence of it is similar to the first version. The main difference is that whole groups of casinos are combined to one network and deducted from each rotation of the reel. The sizes of such jackpots are there are really impressive, but the chance of getting them is less. This is the situation when the wined jackpot can provide you with money for the whole life.

There are several more types of progressive jackpots, but they are bot so famous and well known as listed above. In any case, every type of progressive jackpot can give you an opportunity to make your life much more comfortable for a certain period of your life.