If you've ever been to an online casino and presumably you have since you’re reading this online gambling article!
No doubt you've not failed to miss the flashy adverts for all the progressive slot machine games.
Relatively speaking, progressive jackpots haven’t been around that long.
The payouts of progressive slot machines are exactly that, progressive, meaning that they gradually grow as more and more bets are placed by players. The more bets that are placed, the higher the jackpot becomes. The beauty of the concept of progressive games is that there is no maximum upper limit on the size of jackpot. Progressive jackpots can (and do) easily reach millions of dollars.
Back in 2007 one player hit the Cryptologic Millionaire’s Club jackpot when it stood at $5.9 million and I believe that this still might be the current world record. Prior to this hit, the world record for an online progressive slot game had been a touch under $3 million.
It is certainly quite common to search through the online casinos sites such as Golden Casino and Jackpot City casino and see six figure jackpots and often as high as $2 to $3 million. And as more and more people turn to the internet and online gambling, the jackpots can only get bigger yet. So what are the odds of hitting a progressive jackpot? Pretty poor actually unsurprisingly at about 1 to over 1 million. But this is no reason not play. Just knowing about the possibility of winning so big, adds so much excitement to the game. Plus lower level payouts are more frequent and can provide hours of entertainment.