When a slot machine player goes to a casino, his only big dream is to hit the coveted and sizable progressive jackpot. If you have ever seen a casino that has the ability to offer huge wins, often in the millions, in addition to the payout, you have seen the game of progressive jackpots. Those who play a progressive jackpot game know that it will have a prominent “jackpot meter” that indicates the size of the jackpots.
If a player’s wager increases the progressive jackpot by a randomly selected amount, the player wins the “progressive slot machine” jackpot. When a progressive jackpot is played, when it is first turned on, or when the machine approaches the amount of the newly won progressive jackpot after a bet has been placed on it. There is no limit to the number of progressive jackpots won on progressive slot machines, except when they approach the maximum allowed progressive jackpots and must be paid out. If you win a Progressive Jackpot, you can choose the amounts for the next Progressive Jackpots by selecting them at the beginning or end of each game. The progressive Jackpots can also be increased at any time during the game, even when they are off.
Remember, progressive jackpots can win anywhere from the original maximum jackpot and are due when they come close to the maximum jackpot.
Some casinos believe that they need to dip into progressive jackpot funds to meet these obligations because they are unlucky enough to get their progressive side in time. Suffice it to say that having a winner who is never able to cash out of a progressive slot machine is a loss of efficiency, the winner is never able and willing to wait so long for their payment, and it becomes a no-go area for casinos. One solution would be simply to set up a system for accumulating progressive jackpot funds in anticipation of the winners and then pay the money out to the lucky player. Progressive jackpots can be won in various ways to provide some relief to casinos that do not offer games with such huge prizes.
Each time a customer places a bet (i.e. spins the reel of a slot machine), a predetermined portion of the bet is transferred to the jackpot. For each hand, a small percentage of these bets is added to a maximum win or “jackpot” amount that is common in progressive jackpots. When a player wins a progressive jackpot, the maximum winnings increase with each bet and increase by a fixed amount.