Slots are the most popular games in slot sites and one of the main reasons for this are the jackpots on offer. They are one of few games that allow you to win a (technically) unlimited amount of money with a tiny initial outlay.
Some of the biggest jackpot wins have been worth tens of millions over the years, but there are smaller ones that are still worth considerable sums of money that land every day. Throughout this article, we will be looking at how these jackpots work and some of the biggest jackpot wins in casino history.
Whether you’re playing online or at a land-based casino, you’re going to be able to win a huge sum of money via progressive jackpot slots. A “jackpot win” may seem like a “jackpot win” regardless of if you’re playing online or at a land-based casino, but they do work slightly differently.
Land-based casinos will have jackpots that are linked to that casino and only that casino. They are usually tied to certain games and they are set at an amount that would have some bearing on how much play that game gets. In Laymen’s terms, the more action a game gets, the higher the jackpots.
Online jackpots work a little differently. The first thing to note is that they are often much larger than most land-based games. The reason behind this is that they get a lot more players on these games, meaning they make more money and therefore, can afford to pay out bigger jackpots.
It’s also worth noting that online games can pool jackpot sums across multiple sites and online slots with real money. For example, it’s common for an online casino to be part of a larger gaming group. This means that it might be the group that sets the jackpot for that specific slot, which can be then be won across several online casinos all a part of that group.
A wider example of this would be with a progressive jackpot that pools across networks. We talk more on this later in the article.
With a lot of games, there is the potential to win tens of millions from a single spin. This is the lure of the jackpot games. Below we have included the biggest slot jackpot wins in the world.
Please take note that these are all correct at the time of writing and jackpots can drop and change daily. Keep checking back to this article to see the latest record jackpot wins.
The jackpot games for online slots are one of the biggest sectors of the online casino industry. As a result, the volume of games that you can now play on and win serious sums of money is huge.
However, some games are simply able to offer jackpots and prizes like no other. Below we have listed the top highest paying jackpot games in the world right now. As ever, this information is correct at the time of writing.
There are two types of jackpots that we’ve touched on earlier in the article and these are network and fixed jackpots. They both play an important role in online slots, but they both work very differently.
A fixed jackpot is one that is linked to that game or even that casino. This means that the jackpot is fixed throughout the game and you know exactly what you are set to win should you trigger the jackpot.
A network jackpot is a sum of money that is linked over the network and not just the casino. This may mean that 10 casinos each host the same game, but instead of that jackpot being dedicated by the casino, it’s instead dictated by the network. Often you find these games have much bigger jackpots as a result of more people playing.
One of the best examples of this when you look at progressive jackpots. These are games where the amount of the jackpot is dictated by the amount of money that players contribute to the pot.
For example, a progressive game may state that 10% of every bet gets put into the pot. So, if you wagered £1 a spin, then 10p of that would go into the jackpot. The more bets that are made, the bigger the jackpots.
These games are linked across a network, so it means that players from a multitude of casinos that are playing the same game all contribute to the same jackpot. As you can imagine, the numbers start to stack up here and this is why progressive jackpot games are the biggest and most popular for any online casino.
One of the main things to note about jackpot slots is that there is no rhyme or reason as to when a jackpot will drop. It’s random, which means that it’s as likely to drop in consecutive spins as it is once every 1,000,000 spins.
You also need to be aware of the volatility of the games. This is the frequency that these games payout.
Compared to most slots, jackpot games are often what are classed from mid to high in terms of volatility. To put this simply, it means that they pay out less frequently than most slots, but higher amounts when these wins eventually come.
The games are heavily stacked around the lure of winning the jackpot. In terms of gameplay and even RTP rates, they are pretty poor. But unlike other slots, they give you a chance of winning big sums of money, which is the trade-off with most jackpot games, especially progressive ones.
Colm Phelan has spent several years working in the iGaming industry and has plenty of experience when it comes to writing, researching and rigorously testing online casinos and sportsbooks. While Colm has invested a lot of his time into the digital marketing world but his other passions include poker and a variety of sports including golf, NFL and football.Read Full Bio