What Are Progressive Slots?

What Are Progressive Slots?

Published on 05/20/2022 08:27:02

Ever since the online gambling sector started to exponentially, slots have dominated this industry reaching 80% of the total revenue of online casinos. There are a couple of reasons why slot games become very popular.

First of all, slot games became more creative and focused on the user-gameplay. This resulted in software-developing companies creating more fun-to-play games. Additionally, slot games are now more available than ever. There is a huge variety of games to choose from that will suit everyone’s playstyle.

Slot games now are different from one another in terms of graphics, gameplay, theme, and type. In this particular case, we will focus more on progressive slots as one of the most attractive options for players from websites such as 1GoodBet.

What are Progressive Slots?

Progressive slots are games where the ultimate prize “The Jackpot” isn’t a fixed amount and it progresses with every bet made until someone wins it.

There are different types of progressive slot jackpots. Some progressive jackpots pay automatically when the jackpot gets a certain size, but most of them are uncapped and in theory, can get bigger and bigger until a lucky winner lands on one.

How do Progressive Slots Work?

Well, most players don’t realize that progressive actually takes a portion of every bet towards funding the ultimate prize of the slot game. This is why progressive slot games usually have lower day-to-day payouts than other slots without a progressive jackpot.

The contribution towards the ultimate jackpot takes somewhere around 3% of every bet made towards funding the jackpot. It all depends on the type of slot game you choose to play.

But what happens if someone wins the jackpot? Does it start from zero?

Well, in most cases the jackpot doesn’t start from zero, since that wouldn’t be attractive to the viewers. This is why the casino itself guarantees a certain amount of the money called the ‘seed’. This means that in theory jackpots can be won a couple of times before even collecting all the money from the bets.

Progressive jackpots have continued to advance ever since they were introduced decades ago. So, what started as a single-game jackpot, now thanks to the technology evolved into jackpots that are funded across the entire international network of casinos.

So, the more people participate, the bigger the jackpots and they can be won more frequently.

Types of Progressive Slots

Nowadays, game developers are in a constant search of finding new ways to entertain people by introducing unique features that work on the same principles but provide different gameplay in slot games.

This is why we now have a couple of different types of progressive slot games. Here are some of the most popular.

Game Jackpot

Some progressive slots have their own progressive prize, although they are still funded by players playing at different casinos. These Game Jackpots are here to make the game more interesting and to provide more options for winning a jackpot.

Network Jackpot

Some game providers even choose to put a network jackpot, where the same prize will be up for grabs on different slots. For example, a network jackpot is a jackpot that is available on multiple slots coming from the same game developers.

Tiered Jackpots

In order to make progressive slots even more exciting to play, game developing companies have included multiple jackpots per slot. Some progressive slots even have as many as different progressive jackpots, ranging from Mini pots to huge life-changing jackpots. This improves the chances of winning a jackpot making the game more fun to play.

Timed Jackpots

Timed jackpot is another common strategy that slot game developing companies use in order to make their games more attractive. Timed progressive jackpots have Daily Jackpots, that feature from small prizes, to medium progressive pots that are guaranteed to pay only if you play at a particular time of the day.

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