Home /
News /
Progressive Jackpots – The Astonishing Power and Allure /

Progressive Jackpots – The Astonishing Power and Allure

By stringing together a number of slot machines, casinos were able to create huge prizes which are known as progressive jackpots. The more slots within the network, then the higher the prize. Microgaming is one of a number of game producers that offers some of the world's biggest. These include the famous Mega-Moolah slot which has paid out some eye-watering amounts over the years. We don't recommend spending your bankroll on the slots, as there's no skill requirement and it's all down to luck.

Rate this news

Introduction: The Power and Allure of Progressive Jackpots

Next time you’re sat down in front of one of the world’s biggest progressive jackpots paying slot machines, just stop for a moment and consider the size of the prize. It’s truly bonkers when you consider how little you need to put into the machine in order to get a shot at winning. In fact, the jackpot slots machine takes on a different meaning if you imagine winning such life-altering amounts. Now, whenever you put coins in, there will be a certain allure and appeal, due to the dream of all that would change from having a winning combination.

Probably the largest payouts on a regular basis come from slot machines playing MegaMoolah.

Progressive Jackpots Payouts

Of all the progressive jackpots slot machines, the internationally connected machines regularly pool jackpots of over $5 million. But though these prizes can grow to huge proportions, nothing can come close to the prizes of the Mega Moolah slots from the producer, Microgaming. Some years ago, they paid out a massive £13.2 million to a British soldier called Jon Heywood. He later went on to say that the win had come at the perfect time as his father was desperately ill and the funds were able to go towards his treatment.

Another game producer, NetEnt, claims the record for the largest prize of all time. A very lucky punter was playing a slot with just 25p when he hit the jackpot. The payout was an astounding £17.5 million. In some ways, this is the story of the perfect slot. A punter visits casinos to win the jackpot and was playing with tiny sums of cash, and yet was still able to win the largest prize. It illustrates that you don’t need to be shoving in £5 or £10 notes with every spin.

But you have to keep in mind that the odds of winning some of the slots machine’s biggest prizes are really on par with winning the lottery. So, though we understand the thinking and dreams behind playing these progressive slots, we caution against having a too bigger a splurge on these machines. We suggest that you always keep back the larger part of your bankroll for games requiring some skills. If you’re playing online, then your best bet is to visit 22Bet Casino. Not only do they have progressive jackpots slots, but lots of other casino games, and all with a tasty welcome bonus.

Can Slot Bonuses Be Used with Progressive Jackpots?

With so many casinos competing for a static number of players, then you’ll be able to find all sorts of bonuses designed to both attract and keep existing customers happy. These can be in the form of welcome bonuses or loyalty bonuses for customers who stay and spend. Many of these incentives come in the form of slot free-spins. There are even some bonuses that don’t require an initial deposit. We suggest that you doa Google Search in order to find these deposit-free bonuses.

progressive jackpots

But to answer the question, then no, your slot bonus cannot be used with progressive jackpots slots. Even though the casino itself doesn’t give out the slots prize (it’s the game’s producers who pay out the prizes), the casinos don’t want to be giving out, to all intents and purposes, free lottery tickets, free of charge. And keep in mind that progressive jackpots slots get their prize monies from players who directly contribute to them. So if casinos gave our free spins as bonuses, then these progressive prizes would be smaller and the casinos themselves would collect less money.

Though free spins are a great bonus and a great way to continue to enjoy the slots, you’ll not be able to use them to increase your jackpot winning chances for progressive jackpots.

Play Slots Online at the 22BET Casino

Microgaming Is the King of the Progressive Jackpots

If we look back, we can see that the game’s producer, Microgaming has paid out more than £1.1 billion in winnings. The highest of those sums was the £16.8 million paid out in October 2019. Since its inception in 2006, there have been 6 releases of new versions, with many more promised. The Mega Moolah pays out around £5 million every 9 weeks or so. We should point out that the progressive jackpots network isn’t just Mega Moolah, but also WoW Pot, which is currently available in 5 different versions. Then on top of these two, there are standalone progressive games that are also linked to multiple casinos such as Roulette Royale, Caribbean Draw Poker, and King Cshalot.

But without a doubt, the world’s biggest and most famous of them all s the Mega Moolah.

Mega Moolah – The Original Progressive Jackpot Slot

The theme of the Mega Moolah slot is based around the theme of an African Savannah. As with many slots, there are 5 reels and 3 rows. There are 25 lines and you have the chance to win one of four different progressive jackpots. The smallest jackpot is called the “Mini” and it starts its payout at 10,000 times the initial stake. Because all these prizes are played on a huge network, that’s the reason why they can grow to such gigantic proportions. The Mega Moolah slot offers a bonus jackpot, which will let you have 15 free spins along with a 3 x multiplier. This bonus can come at any time.

progressive jackpots

Progressive Jackpots: A Word on Volatility

Though most gamblers will know of the Mega Moolah, we’re certain that many don’t know there are other jackpot games that fall under the Mega Moolah’s umbrella. The following games are also hugely popular:

Mega Moolah Isis
Mega Moolah Summertime
Atlantean Treasures Mega Moolah
Absolootly Mad Mega Moolah
Fortunium Gold Mega Moolah

If you play any of these you’ll see that the gameplay is slightly different between them. But there’s a quality they all share, and that’s high volatility. Considering the size of the prizes that the Mega Moolah hands out, then there’s really no surprise that the RTP is so high. Having said that, the volatility of these progressive jackpots slots is so high, that we would recommend you consider whether they are worth playing at all.

As you know, high volatility means that though the prizes might be huge, the chances of them paying out are extremely slim. In other words, they pay out very infrequently. So when playing a progressive jackpots slot like the Mega Moolah, you should expect very, very long dry periods when no winnings are paid out. If we’re being realistic about our chances, then they are about the same as those found in playing the lottery. Which is a long-winded way of say “not great.”

Mind you, you would need to have a cold heart not to feel a sliver of excitement whenever you put in a coin and spin the reels. Go and visit 22Bet Casino and give the reels a spin. After all, we all have dreams, and someone has to win. So it might just be you!