Progressive Jackpot Pay-outs Online over 1 Billion a Year

10/06/2015
By Tommie ClarkGoogle
Massive progressive jackpot networks from the leaders in the industry have now meant that the progressive jackpot slots and table games are no longer restricted to one online casino. As a result, this means that these slots have gained in reach. The reason? Progressive jackpot networks hold the virtual slot machines; while, online casinos can opt in for an equity deal that allows them to pull down the slot and present it on their online casino in their progressive slots sections.

In the end 1 single progressive slot could be operated at several casinos. If each casino has 100 thousand members and 10 casinos connect – that’s 1 million players exposed

 Progressive jackpots are built up and added to by using the amount of cash invested by players into game play. A percentage is taken out per spin or per bet and that percentage is added to the progressive jackpot. In the past, 1 progressive game would be exposed to just those that play at the online casino.

With a progressive jackpot network, 1 slot is connected to many casinos meaning more money pumped in at a quicker rate equating to larger jackpots paid out more often

The direct result of the progressive jackpot network is that the speed at which the online progressive jackpots have been paying out has increased 10 fold. Progressive jackpot coffers are effectively filling up 10 times faster than before. And when the coffers are full, the slot feels more inclined to empty its coffers.

With the addition of mobile progressive slots and table games, the reach the progressive games now have has also increased 10 fold giving rise to billions in jackpot pay-outs

Before the slots paid out here and there. A progressive jackpot pay out at any one casino became big news. However, the news is still big, but not as big as before. The reason is because a $3 million progressive jackpot is no longer an abnormal or obscenely big pay out. Also, the news of these kinds of jackpot is as regular as clockwork nowadays.

Mega Moolah a long-time favorite used to pay out $900,000 jackpots once a month – now it pays $3 million jackpot at least once a week even via mobile play

This slot is just testament to how well organised the progressive jackpot networks have become. The big players are Microgaming, NYX and Amaya Gaming right now. They have the highest paying and most regular progressive jackpot pay-outs per year coming to a combined total over a $1 billion!
 
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