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Online slots award some of the largest jackpots that the gambling world has ever seen. While slot machines in land-based gambling venues are quite generous, progressive slots within the online casino market make players into multimillionaires regularly. This is as a result of the sheer number of players within the online gambling market as well as the vastness of online progressive slots networks.
In the online casino world, there are three types of jackpot networks, the most common of which will be the wide-area progressive network. This kind of jackpot network links the prize pool of a particular game across a range of online casino websites. As such, hundreds of players at lots of online casinos contribute to the prize pool, ensuring that the prizes climb very quickly.
At land-based casinos, this type of jackpot network is quite rare. Technology limitations restrict operators from linking jackpot pools unless the quality slot machines are physically connected via a ‘game bank’. On the flip side, lately, companies like International Game Technology have invented technological solutions that allow land-based operators to link games on a wide-area basis. Right now, there are actually only some of these networks, including IGT’s ‘MegaJackpots’ network.
The number of players in the online casino world also contributes to the fact that jackpots are a lot easier larger at gambling web pages. Multiple players can wager on the exact same game at once, driving up the jackpot prize pool to lucrative levels. In the land-based casino world, just one player can sit at a game at any point in time, so jackpots climb quite slowly when compared with online slots jackpots.
The largest jackpot networks in the online casino world belong to Microgaming and PlayTech. Microgaming’s progressive jackpot network has existed since the turn of the century, so the company has had over a decade to add new games and expand its prize pools. Throughout the years, Microgaming slot machines have paid out over $400 million in progressive jackpot prizes. The company’s most generous game is Mega Moolah, which offers up prizes worth more than $5 million frequently.
The WinAJackpot network from PlayTech has not been around for as long as Microgaming’s network, but it’s been very generous for the duration of its existence. The network was established in 2003 and it has paid out over $126 million in winnings over the course of the decade. The largest jackpot ever awarded by PlayTech was worth a notable $7.5 million from the game Beach Life.
Some newer online jackpot networks are also proving themselves to be quite generous. As an example, International Game Technology’s MegaJackpots network offers prizes worth a minimum of $1.5 million. Net Entertainment has also proven its worth by paying out a $22 million jackpot last year, smashing the record for the biggest jackpot ever awarded in the online casino world.
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