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An Introduction to Jackpots

Our very own article on jackpots is here to give you an insight of what different types of jackpots you can expect to come across. We take a look at all the different jackpot types and what you should expect from jackpots. There are a variety of rules, ways of playing and games that offer jackpots. We even take a look at some of those games and how you can win the jackpots of those games.

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We all love games that have major payouts. We are not talking about smaller prizes no. This is about massive life-changing rewards that can be won with the smallest of bets. Here, we take a look at the introduction to jackpots and what you can expect. Where to find them, the different jackpot types and more. Read on for additional information.

An Introduction to Jackpots

The key distinction between jackpot and normal slots is that jackpot slots carry a much larger payoff. Jackpot slots usually have a prize associated to them that can be triggered by a single spin. In most cases, a high wager is not required to win a jackpot. They can be won for as little as £0.10 and as much as £5. The jackpot awards are well-known to be enormous. They can even reach the seven-digit mark on occasion.

Jackpots Types

Nowadays, there are many different forms of jackpots. Jackpot slots are the most common type of jackpot, however they can be classified into two types based on how they behave. Fixed and progressive jackpots are the two most common jackpot kinds. Let’s take a look at each one separately. You can also find a variety of jackpot types in our latest jackpot ratings.

Progressive Jackpots

In a nutshell, progressive jackpots are prizes that grow in value over time if they are not won. There is no limit to how high these jackpot payouts can grow in some games. Every time a player places a bet, a small portion of that bet goes toward accumulating the jackpot.

The amount of the progressive jackpot will be reset when a player wins it. Following that, the procedure will repeat itself.

Fixed Jackpots

Some games, on the other hand, will feature predetermined jackpots. These are huge sums of money that never change. A fixed jackpot could be a specific amount (for example, £1,000) or a fixed amount multiplied by your bet (say 500x your total stake). Fixed jackpots are not as popular as progressive jackpots, but they are both jackpots with large payouts for those who are fortunate enough to win them.

The difference between Local and Network Jackpots

There are local and network jackpots to consider in addition to fixed and progressive prizes. Prizes that can only be won in a specific casino or on a specific game are known as local jackpots. Network jackpots can be won at a variety of casino sites and on a variety of games.

Local jackpots are smaller than network jackpots, which is the difference between the two. From an analytical standpoint, a local jackpot is comparable to a village tombola, whereas a network jackpot is comparable to the UK National Lottery. Although there are many more people fighting for the network prize, the payout is far higher.

The Multiple Jackpot

There are many jackpots associated with some games. That means they have more than one important award instead of just one. These games are known for having modest graded jackpots followed by a massive mega payout.

Mega Moolah Slot

Microgaming’s Mega Moolah is a great example of a slot with several jackpots. The game contains four jackpots, three of which are fixed and one of which is progressive. The jackpot is networked, which means it may be won at any casino that offers the Mega Moolah slot or any of its other brands. There are more than five separate Mega Moolah slots, all of which share the same network jackpot and hence contribute to the same prize pool. The colossal jackpot award starts at £1,000,000 and has produced some of the most significant victories in the history of online slots. The largest Mega Moolah jackpot ever won was just over £16.2 million.

Other Games with Jackpots

In addition to the jackpot slot stated above, jackpots can also be found in other casino games. Blackjack, table games, and Caribbean stud poker are just a few examples. Let’s take a look at each one separately.

Superman Roulette

The first game on the list is Playtech’s Superman Roulette. Clark Kent, the hero of DC Comics, is at the center of the action in this branded online roulette game. Playtech’s casino game is based on a European Roulette table and pays out 726 times your entire bet.

That’s not even taking into account the four separate progressive prizes available on the roulette table. The Mini, Minor, Major, and Grand jackpots are the four jackpots in Superman Roulette. To build up the progressive jackpot, they are fed by many DC games throughout multiple casinos. The Grand Prize begins at £200,000 and continues to rise until it is won. To be in the running for the jackpot, you’ll need to increase your investment by 1%.

The jackpot is randomly triggered. To win, you must first complete a picking game in which you must locate coloured balls with numbers in order to activate one of four jackpots. You are assured a win if you activate the jackpot mode.

Progressive Blazing 7’s Blackjack

7’s blazing Blackjack is a sort of card game in which the side bet has a jackpot tied to it. You can always place a wager on the 7’s jackpot side bet while playing a round of blackjack. This normally costs between £1 and £5, however it varies depending on the casino.

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The game is played with six decks, and you must match sevens to win. Your two face-up cards, as well as the dealer’s face-up card, are used to create these combinations. You’ll have the best hand if you have three suited sevens or three diamond sevens. This is preferable to three suited sevens or three colored sevens. The jackpot award will be paid out in full to the first place finisher. The second-place finisher will earn 10% of the prize. The jackpot award is determined by the amount you wager. If you bet £1, you could win £20,000-£100,000, while betting £5 may get you £100,000-£500,000.

Caribbean Stud Poker

Caribbean Stud Poker offers one of the most intriguing jackpot concepts. The table game contains a progressive jackpot that can only be won if you place a side wager on it. The side bet is usually around £1 and contributes to the jackpot payout.

Every variation of Caribbean Stud Poker has its own set of rules and payouts. Some casinos will pay you for a Straight Flush, while others will pay you for a four-of-a-kind. The payouts vary according on the game, but they all follow a similar pattern. Caribbean Stud Poker boasts prizes ranging from £29,000 to just over £425,000 in the majority of situations. If a player gets a Royal Flush, they get 100% of the prize. If you have a Straight Flush, you’ll only get about 10% of the jackpot, although Four of a Kind can pay anywhere from 1% to 5% of the jackpot. The casino, the supplier, and the type of Caribbean Stud Poker all have a role.

Jackpot Trivia

The largest online jackpot slot win to date is a staggering £17.4 million on Mega Fortune. NetEnt’s slot has narrowly beaten Mega Moolah to the top spot, while Microgaming’s slot owns three of the top five spots for the greatest payout from an online slot.

The largest land-based win in history is more than twice as large as the online progressive jackpot. A resident of Los Angeles claimed the record in 2003 for $39.7 million. He was in Las Vegas and had placed a $100 bet for the huge jackpot.

Last but not least, the largest jackpot win of all time was made on Mega Millions, an American lottery game. On October 23rd 2018, a player from South Carolina won a massive $1.537 billion.

The Bottom Line

To conclude on this introduction to jackpots, we hope that you are informed of what they consist of. Jackpots can take place in all forms, on slots, table games, lotteries and more. Hence, here are a variety of jackpot games to choose from here at JackpotFinder.

If you are unsure about your next game to play, feel free to browse through our content. We have a variety of choice and even give you access to the hottest lotteries in the world. Indeed, that includes Mega Millions and the US Powerball. In addition, you do not need to reside in the United States to play, simply check out one of our affiliate sites.