Biggest Slots Jackpots How they grow and how you can win them
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Biggest Slots Jackpots: How They Grow and How You Can Win Them
Summary
Discover the fascinating world of progressive slot machines, understand how these jackpots swell, and learn how to boost your chances of hitting it big.---
A Brief History of Progressive Slots
In the early days, there were no progressive slots. These became a reality in the early 1980s with the introduction of microchips in slot machines. The game changed in March 1986 when IGT, a leading slot machine manufacturer, launched the first multi-site linked progressive slot machines.
By linking machines across various casinos, these progressive jackpots accumulate rapidly, leading to massive payouts. In Las Vegas, for instance, players have scored over $8 million from a single progressive jackpot win.
How Progressive Jackpots Work
Progressive jackpots grow by allocating a portion of every bet to the jackpot pool. This means the payout rate for non-jackpot wins is slightly lower than a regular slot machine. However, if you consider the potential jackpot, the total payout is comparable.
For example, on a $5 spin at a Las Vegas casino, 25 cents might go to the jackpot, $1.25 to the casino, and $3.50 for non-jackpot payouts. In contrast, a non-progressive slot might distribute the same bet as $1.25 to the casino and $3.75 in winnings.
Typically, land-based casino slots have payout rates between 70% and 87%. Online casinos have much higher rates, ranging from 89% to 99.5%.
In an online casino with a 95% payout rate, a $5 bet might split like this: $0.25 to the casino, $0.25 to the jackpot, and $4.50 in non-jackpot winnings. This explains why many avid slots players choose online gaming.
Online Progressive Jackpot Games
Playing online offers better odds (minus the free drinks). But how do online jackpots compare to those at land-based casinos? They're constantly growing. The current record online is $1.76 million, set by the Millionaires Club progressive slot in December 2005. This jackpot has since risen to over $3.6 million and climbing!
At the current pace, new records are frequently set. While land-based casinos once dominated the largest payouts, online casinos are fast catching up.
How to Choose a Winning Slot
Selecting the right progressive jackpot to play is simpler than you might think. Key details include the jackpot's starting point, its highest payout, and the average payout. Various sites, like slotsjam.com, provide this information.
Aim to play when the jackpot exceeds its historical average?"this increases your chances of winning. If it surpasses its previous highest payout, your odds grow even more. To target the largest jackpots, avoid games immediately after a win and wait for payouts to exceed historical averages for the best shot at winning big.
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By understanding how progressive jackpots work and knowing when to play, you can position yourself to potentially hit those life-changing wins. Happy spinning!
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