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What are the Different Types of Casino Jackpots?

What are the Different Types of Casino Jackpots?

There’s no doubt that there is endless fun involved when playing casino games, but ultimately for most players, the main aim is to win a huge and potentially life-changing jackpot prize.  For that reason, many casino players seek out slot machine games with the best jackpots, but proper research here is crucial, for the slot game with the largest jackpot doesn’t necessarily mean it is the best choice for all types of player. Furthermore, there are different types of casino jackpots. We’re going to look at the variants in further detail to help you choose the right casino jackpot slot game for you.

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What is a Casino Jackpot?

A casino jackpot or a slot game jackpot is precisely that; the absolute top prize available to win within a game. Some slots have more than one jackpot, for instance, 3 prizes available in the form of a Mega, Major and Minor Jackpot. The grand jackpot will always be the most valuable prize within a game, and the prize that every casino player desires to win. Casino jackpots are available for players to win on land-based slot machines as well as slots online, such as those at Gold Rush.

Fixed Jackpots

This type of jackpot is the most common type offered by online slots. A fixed jackpot is a set amount that is paid out every time a casino player lands the required winning combination. For instance, a fixed jackpot might be 450,000 coins, regardless of your stake value, or it might be 150x your stake. The prize never increases in value but is immediately replenished after a win. You could, in fact, hit a fixed jackpot twice in a row (if you were lucky enough!) as the value does not depend on the amount paid into the game whatsoever.

Many casino players prefer jackpots that are fixed as although the value can be lower than alternative jackpot types, the odds of winning are more consistent and tend to be considerably higher than progressive slot jackpots. However, thanks to the random number generator used in slot games, whether you win or not remains down to chance completely.

Progressive Jackpots 

The idea of a progressive jackpot is that the more people that chip in, the larger the jackpot becomes. Much like the concept of many lotteries, progressive jackpot slots offer a jackpot that accumulates the more that people play the slot game. This jackpot increases in value until it is won, and once claimed, the pot starts again from a minimum value. With each bet that players make, a small percentage of that bet is added to the prize pot. Progressive jackpots are exciting and jackpots can reach incredible amounts, which of course is a very attractive element for many casino players.

Types of Progressive Jackpots 

There are varying types of progressive jackpots.

  • Standalone progressives – this type of progressive jackpot is limited to one slot game. The prizes here are smaller, but with better chances of winning.
  • In-house progressives – games are linked together within one casino, meaning there is more cash going into the pot.
  • Wide area progressives – these cover larger venue casinos and online casinos. There can be enormous networks of machines across different online casinos, and of course, this type of progressive jackpot is often huge – sometimes millions can be won.

Top Rated Progressive Jackpot Slots

One of the most famous progressive jackpot slots of all time is Mega Moolah. This slot machine has dished out some of the world’s record jackpots and changed lives considerably. At Gold Rush Slots we offer over 500 slot games including many top-rated progressive jackpot slots – try them out today!