Progressive jackpot slots at Loki casino
The difference between progressive and regular slots
You can find and win a progressive jackpot slots in many online casinos, and Loki is not an exception. However, some players are often confused by this term due to the lack of concise information, so let’s determine it. In general, 99% of online slots offer jackpots. Even the word “jackpot” itself became widely used because of the rise of the casino slots’ popularity in the middle of the 20th century in land-based casinos.
But it’s critically important to understand that in the majority of 5 reels and 3 reels online slots, jackpots are fixed. For example, the jackpot can be set to be the x10,000 multiplier of your original bet. In this case, even if you’re betting the maximum possible stake, you won’t get anything as big as that, be that bonus free spins or real cash.
However, the best progressive jackpot slots work differently. Their jackpots are constantly growing and they don’t have the upper limit. How is that possible? Such a jackpot increases from all the wagers players make on a certain slot game or a network of linked 5 reel progressive slots. A small percentage of each bet, excluding the wager free spins, is deducted to form progressive jackpots.
So, the more gamblers play a popular particular progressive jackpot slot, the grander the figure gets, and in some cases this amount could be really called life changing for almost any player, as it already happened with Mega Moolah slot or Hall of Gods jackpot slot. Additionally, it is really difficult to win the jackpot payline, so it could grow for a really long time. That’s how multi-million dollar jackpots are awarded and that’s how they’re different from regular 5 reels online casino slots. Read along to learn more about this amazing bonus game!
Why is it worth it to play progressive jackpot slots?
Really, it’s not that difficult to see the main reason that draws gamblers towards playing progressive jackpot slots like Mega Moolah online. Just think of it: you can become the owner of a massive jackpot amount of money in the blink of an eye. Just a single spin — and you win a life changing fortune that just might be enough to never work a day in your life. Obviously, it is an extremely attractive idea, especially when playing it with bonus free spins on the casino site. But what makes this idea to be even more fascinating is the fact that there are many cases where players really win these huge prizes. Of course, we’re not gonna lie to you — the odds of winning a progressive jackpot from the first spin are extremely small compared to regular 5 reel Android mobile online slots.
However, that is also understandable because if every second gambler would win enormous prizes every time, all online casinos in the world would go broke in a couple of days. But the most critical thing is that you can really get a jackpot win, and they offer a lot of fun chasing it. Our best jackpot slot game offers are from NetEnt, Amatic, Yggdrasil, NYX, Betsoft, Pragmatic Play, and Microgaming with their Mega Moolah classic.
However, that’s also understandable because if every second gambler would win multi-million progressive jackpots, all online casinos in the world would go broke in a couple of days. But the most important fact is that you can really win a progressive jackpot, and it’s a lot of fun chasing it. Our well-known progressive jackpot slots providers are NetEnt, Amatic, Yggdrasil, NYX, Betsoft, Pragmatic Play, Microgaming.
The biggest progressive jackpots
During the gambling industry's development on the Internet, many jackpots were won in the best progressive slots from Microgaming with their incredibly popular Mega Moolah slot, NetEnt, Playtech jackpot slots such as Jackpot Giant Mega Fortune, Yggdrasil, and many other top software companies. As of now, jackpot payout from mobile 5 reel progressive jackpot slots exceeded hundreds of millions of dollars. You can even read about it in the news as these jackpots were praised to be larger than in land-based casinos. However, the first major record of a multi-million popular jackpot slot, Mega Fortune from NetEnt, was set in January, 2013 when a player from Finland won a total of €17,861,800.47.
The Mega Fortune casino slot game remained the all time high mark until 2015. But then the Mega Moolah jackpot wheel slot from the Microgaming jackpot broke the record and was reported in the news you can read online. This event took place in 2015. Briton John Heywood became the lucky player who won a total of €17 879 645, 15 Mega Moolah jackpot that was introduced to Guinness World Records which made biggest jackpot news in the gambling industry.
These are not the first winnings of several millions on 6 reels huge progressive jackpot slots, but before, the prizes did not reach such insane volumes. However, it is likely that the highest score will be broken again, maybe even by the Mega Moolah slot game in the near future and may even exceed those that have already taken place in the lotteries.
Top 10 most famous progressive jackpot slot machines
We offer over 100 of the best progressive jackpot slot games in our online casino, in which you can win several millions of dollars in just one spin. It is unlikely that you will be able to win the same prize with bonus wager free spins, in blackjack, poker, or on roulette wheel with live dealers at once. To get you started, here is the list of 10 most popular jackpot mobile slots on our casino site.
History of biggest jackpots
The history of these types of casino slot game machines begins more than three decades ago. One of the gambling industry pioneers was IGT, the American gambling equipment and software manufacturer. In 1986, the developer introduced Megabucks, which was the first time a huge progressive jackpot slot appeared on the market. It was fundamentally different from other slot machines due to its specific features:
● the developer has installed a special microprocessor that was more advanced than in any video slot game at the moment;
● from each bet a player made on Megabucks, a small amount was deducted to the jackpot;
● the main prize was formed due to deductions;
● receiving a bonus payment did not depend on the city where the slot game was located, and thus a system of interlinked progressive jackpots was introduced.
Subsequently, other software creators began to develop 5 reel video slots with drawn jackpots. These include the Swedish company NetEnt jackpot slots, founded in 1996. It introduced the Mega Fortune slot machine with three variations of jackpot bonus - Mega, Major, and Rapid. One of the most attractive developments of the Microgaming brand is Mega Moolah, with the help of the lucky ones becoming a dollar millionaire every year simply by jackpot paying a win. At the moment, numerous software developers see the potential of producing popular progressive jackpot slot games so there are plenty of them on the market.
How can you win massive jackpots?
As we mentioned this information before, it is really difficult to earn the combination of jackpot paying symbols on progressive slots. That is the main reason why the casino payouts from such huge jackpots are so rare. Therefore, the only tactic that we can suggest is to not to stick around with one grogressive slot game for too long. Try switching between different slots because your luck might change. It’s as simple as two and two: the more progressive slots you play, the more your chance of hitting the jackpot are. Another advice that is critical to mention is that you should always bet your maximum for the best results and also try to restrain from using bonus free spins. Betting on all paylines is usually the main thing that qualifies you for receiving the largest possible progressive jackpot, and if you manage to win a jackpot with bonus free spins, the casino site might not qualify it as a win because the rules are different in the range of casinos online. In general, feel free to contact the customer support to find out anything related to jackpot slots.
How does the progressive jackpot accumulate?
We’ve already discussed the common principle of generating a progressive jackpot. However, there is more to that because there are different approaches to jackpot formation. You can easily encounter each of these progressive jackpot game types in online casino sites nowadays, and that’s why it’s really significant to be aware of their peculiarities and bonus advantages. So, the majority of online casinos today use one of three ways to generate a progressive jackpot games or combine these kinds.
Standalone jackpots. This is the most common type, and such jackpots are formed only with spins on one slot. Players' bets made only on a specific slot game are credited to the prize pool that could be only won on this slot, thus creating a stand alone progrerssive tiered jackpot. While such jackpots rarely reach huge numbers, they are relatively easy to win. That is why this version of progressive jackpots slots is the best for players that are not familiar with this kind of betting and it will allow them to familiarize themselves with the game of progressive jackpots.
In-House. In this case, the top jackpot games draw the prize by deducting a portion of players' stakes from the spins on all slots of one online casino. To participate in chasing this type of progressive jackpot, you don’t need to play on a particular machine. Such cumulative jackpots are also considered to be a good option for newcomers because this is by far the easiest version of jackpot to hit. All you need to do is to play regular online slots on a casino site, and the more you will bet, the more your chance of winning will be. Usually, casinos give you points for real money betting, and the amount of these points make you qualify for the jackpot or its portion.
Linked Network. These are the largest progressive jackpots out there. In this variation, the jackpot is linked from all the bets and spins players make in different online casino sites playing on the same slot. That is why it is called the progressive jackpot network since many casinos are connected through a certain progressive jackpot slot. Such slot offers are usually created by a certain provider, which receives royalties from all casinos that are part of a single network.