Casino jackpot is a type of game that is popular for rewarding lucky players with huge payouts. While the pay might be reasonable, the chances of winning are level for all players and at all times. But if you know that different variants exist, you can better your chances of winning one.
Casino Jackpot explained
Types of Jackpots
Casino jackpots work pretty much the same for both brick-and-mortar casinos and online casinos. But the advantages of playing online casino jackpots are very glaring; convenience, variety, bonuses, among several other side attractions.
Not to dwell on that, let’s delve right into the types of jackpots you can play.
- Fixed Jackpot
Fixed jackpot as the name suggests has a fixed amount tied to the lucky win. The typical price is less than $10,000. With the value being lower than progressives, they tend to be won more often.
- Progressive Jackpot
Progressive jackpots are more common than fixed jackpots, especially for online casinos. How does progressive jackpot work? It’s simple! The prize money keeps increasing as a portion of all stakes contributes to the money until a player wins.
There are also a number of variations of progressive jackpots. For online casinos, what you’ll mostly find is a wide progressive jackpot. Where the jackpot is shared across several individual online casinos. This allows the jackpots to become massive in no time.
What is Jackpot Drop?
Online Casino Jackpots exist in different shades and types. Apart from the common factor that almost all jackpots are progressive, there’s so much to differentiate the games.
One of the major differences in jackpots is how often they win. This is what is termed as Jackpot Drop – it determines how often a win drops. So, we’ve got hourly drops, daily drops, must drop, and a few other variants dependent on the online casino. A jackpot is triggered when you get the three jackpot symbols. The jackpot drop you get is determined when you spin the wheel.
As the jackpots are progressive, it only implies that the longer it takes to pool funds, the bigger the prize sum. Although the more lengthy drops start with a larger sum, they yet have much bigger prizes cos there’s more time for the sum to grow.
Let’s explain how each of these drops work, but first have a look at the jackpot wheel.
Hourly Drop Jackpot
Hourly drop is the smallest type of jackpot. This type of jackpot gives you 24 shots at the prize. Every hour, a player must win the jackpot which is often around a few thousand dollars.
Daily Drop Jackpot
The daily jackpot drop produces a win every 24 hours. The win often goes to the tune of ten thousand dollars or more, depending on the day of the week. Weekends being the highest.
Must Drop Jackpot
This is a type of jackpot that drops quite frequently. The jackpot must drop before it hits €1,000. Not all casinos run this type of jackpot. But a variant of this is common that pays out a lucky player based on the amount available.
The Mega Drop jackpot is the grandest of all jackpots. It doesn’t win as frequently as the others, but when it does win, it can pay out to millions of dollars at a time.
The thrill that comes with having a shot at winning a life-changing sum is why many players would always prefer jackpots to other casino games. And if you’re that lucky one, you’d finally be able to afford that life you’ve always dreamt of.
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What is a jackpot drop?
A jackpot drop is a casino jackpot that is linked to a timeframe. An hourly jackpot drop means that every 60 minutes there will be 1 lucky winner.
On which casino games can I win a casino jackpot?
You will find all jackpot slots in a special section in the casino games lobby. An online casino can also offer additional jackpots that can be won on specific games like Blackjack, Roulette, Baccarat, or Poker.
What happens when no one wins the casino jackpot?
The jackpot keeps going up if it’s not won unless there is a maximum set amount or a time limit like the jackpot drop. Eventually, the casino or the casino game provider needs to pay out a jackpot amount as is written in their terms and conditions.
What is a progressive jackpot slot?
The most common casino jackpot you can win is won on progressive jackpot slots. With every qualified spin, a % of the bet goes into the prize pool that increases the total jackpot amount.
Can I win more than one jackpot in a casino?
You can only win 1 casino jackpot per spin. Having said that it’s possible to win more than 1 jackpot in a casino, you just need to be incredibly lucky. The odds are about 1 in 50 million spins!