What Are Progressive Slots and How Do They Work?

by Maisie

Progressive irish slots are one of the most popular types of games found in the online casinos’ game selection. These games are very attractive for players as they offer a lucrative, continuously growing grand prize. With jackpots that can even reach millions of dollars, it’s easy to see why so many people are obsessed with these thrilling slot machines.

If you are not familiar with this special category of slots, don’t worry. Below we will explain in detail what progressive slots are and how they work. In addition to these, we will also show you the most popular progressive slot machines of all time that millions of people enjoy playing in the world.

What Are Progressive Slots?

Progressive slots are a unique type of slot machine where the grand prize is constantly increasing. What does it exactly mean? That unlike in the case of other typical slots, here the jackpot is not fixed. The cash prize grows each time someone places a bet but the jackpot is not won by any of the players. The jackpot can get bigger and bigger thanks to the fact that a small fraction of each bet is automatically added to the prize.

Since the amount of grand prize is typically shown in real-time, gamblers are always aware of how much money they can win if they are lucky enough. Once a player wins the jackpot, it will be reset to a predetermined amount. Then, the jackpot continues to increase the same way it did before it has been won.

While some progressive slot machines automatically pay out once they reach a certain amount, others can grow bigger and bigger – regardless of the amount -, until a player finally wins it. This means that in some cases, these games offer a shockingly high grand prize, even 10 million dollars.

Here it’s important to note another difference between progressive jackpots. Some of the games were originally designed to have a progressive jackpot. However, others are only the modified variations of existing games that have become part of a jackpot network.

How Do They Work?

Now that you know what we call progressive slots, it’s time to take a closer look at how they work in detail. Going through the following basic terms can help you understand what makes it possible to offer enormous wins for the players.

The Contribution of Players

Due to the contribution of players, casinos can offer huge jackpots. But how does it work in reality? Regarding each bet placed on the game, a small portion of the bet amount is separated in order to fund the prize. Usually, this means that depending on the game you play about 2-3% of your wager goes directly to the jackpot pool.

As a result, you can very often encounter gigantic jackpots. You even have the chance of becoming a millionaire in a few minutes!

The Seed

As mentioned above, when someone wins the grand prize, the jackpot you can win goes back to a previously determined minimum value. Thus, the value of the jackpot is never zero!

Indeed, this factor is extremely important in regards to this type of slot. This is because most likely nobody would play these games if the starting prize (also known as the seed) was as low as $0 or $15. By setting a relatively high amount as a seed, casino operators can attract many more people to play.

The Jackpot

When it comes to the jackpot, aka the grand prize of progressive slots, the games differ significantly from each other. While some games have only one jackpot, others may have a grand prize that consists of multiple progressive jackpots. For example, one of the most popular games, Mega Moolah has 4 progressive jackpots.

Popular Progressive Slots

Below we will review two of the most popular progressive slots out there. These games are certainly worth trying if you are looking for some fun and a possibility to win big.

Mega Moolah

Without a doubt, Mega Moolah is one of the best slot machines available for online slot fans. This game was developed by a well-known gaming software development company called Microgaming. Mega Moolah is a 5-reel slot machine with 25 paylines. The African-themed design, cool sound effects, and great features make playing this game super fun.

Plus, let’s not forget about the jackpots! When spinning the reels in Mega Moolah, you get a chance to win a total of 4 jackpots: the Mini, Minor, Major, and Mega Jackpot. The biggest one is the Mega which can make the winner a millionaire.

Mega Fortune

Mega Fortune is another popular progressive jackpot game created by NetEnt. Similar to Mega Moolah, Mega Fortunes has 5 spinning reels as well. The number of paylines is 25. This luxury-themed slot machine comes with top-notch graphics, modern sound effects, and awesome bonus features, such as free spins, wilds, and a bonus wheel.

In the case of Mega Fortune, there are 3 progressive grand prizes available for the players: the Rapid, Major, and Mega jackpot.

The Bottom Line

Progressive jackpot games are just like any other online slots. The only difference is that in these games, the amount of the grand prize keeps rising until a lucky player wins it. Considering that the jackpot can very often be as high as millions of dollars, it’s not surprising that these slot machines enjoy high popularity all over the world. If you are looking for an exciting way to entertain yourself, don’t hesitate to give a shot at progressive jackpots.

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