Behind Online Progressive Jackpots
OnlineCasinoReports goes number crunching.
What's the Minimum Stake?
Players should be aware that although all wagers contribute towards the jackpot they may have to make a special bet (which could just be a $1 side bet) or the play the maximum bet in order to qualify for the progressive jackpot. Imagine how soul destroying it would be to get the winning combination but miss out on a six figure prize! The lesson? Check out the rules carefully to ensure you place the right bet to have a chance of the progressive jackpot.
What's the Minimum You Can Win?
Progressive jackpots start at a minimum level and grow until one lucky player wins the big prize. Once the big money has been won the progressive jackpot total is reset to the minimum amount again. Different games have different minimum wins. The Mega Moolah Mini Mollah has a starting value of just $10, WowPot begins at $1,500, Major Millions resets to $25,000 and Mega Moolah's Mega Progressive starts off at a cool£1,000,000.Game-themed progressives, Monopoly and Cleudo have a jackpot base of £1,500,000.
High paying progressives regularly make the headlines however, smaller paying online progressives are not to be sniffed at. Progressive jackpot games such as LotsaLoot may pay out less but they pay out more often. Jean G went into the record books for winning an amazing 8 times, totaling over $383k.
What's the Maximum You Can Win?
Some progressive jackpots have a capped maximum. The popular Monopoly and Cleudo slots have a max win of $500,000. Other jackpots, such as Mega Moolah have no limit on how high the jackpot can go. The biggest Mega Moolah winner was $5.5 million in 2008 and in just a few months ago, in August, it popped at a massive $4.1 million.
According to Microgaming, their Progressive Jackpot Network is one of the most popular on the net and has paid out over €265m since it started.
So there you have it; all you need to know all about the numbers behind progressive jackpots.