The Continuously Growing Slots Jackpot
Long ago, progressive slots were non-existent. It was only in the first half of the 1980's when microchips were integrated with slot machines that progressive slots became possible. And it was not until six years later that the initial multi-site connected progressive slots were launched by the slot machine producer IGT.
Feeding similar jackpots from several machines (which are often extended across various casinos) means these progressive jackpots can rapidly increase to substantial amounts quickly.
Progressive jackpots increase by scimming a certain monetary value from individual bets; this means that the rate of payment on normal victories is slightly reduced when compared to standard slot machines. But, taking into consideration the progressive jackpot, the payment scheme would be identical.
For instance, if you were gambling at a Las Vegas casino on a connected progressive slot machine set at a five dollar bet for every spin your money could be split as follows; twenty five cents is added to the progressive jackpot, $1.25 proceeds to the casino and the remainder of $3.50 is paid out in the form of non-jackpot wins.
On the other hand, if you are using a non-progressive machine at the similar casino it is possible that your money would be split as follows: $1.25 goes to the casino and $3.75 will be the winnings pay out.
The scenario above presumes that the casino pays at a rate of 75%; in fact slots in terrestrial casinos have a common payment rate between 70% up to 87% which is a complete opposite of the payout in online casinos which range between 89% up to as high as 99.5%!
So, at a regular online casino with a payment of 95% the money you regularly pay for a $5 for every spin progressive slots would be split in this manner: 25 cents for the internet casino, another 25 cents goes to the jackpot and the $4.50 that is left is given in the form of winnings not related to the jackpot.
Based on these figures it is not difficult to understand why many slot players have switched to online slots.
So, what is the extent of progressive jackpots at online casinos? The answer is they continue to grow every time. The rate at which online jackpots are increasing is profound. Selecting the type of progressive jackpot is not that hard as soon as you have knowledge of where the jackpots begin, its maximum payout as well as what the average payout is.
Clearly, at the moment the jackpot in doubt is greater than its previous averages the possibilities are extremely enhanced. And if it grows again than the previous best, the chances are once again boosted. So if you are hunting down the maximum jackpots don't play slots after the jackpot has been obtained rather watch out for the point when the previous maximum average has been exceeded for the highest possibility of hitting big.