A Progressive Jackpot is a unique type of prize in slot games that accumulates and grows over time until it’s won by a lucky player. Unlike fixed jackpots that have a set value, progressive jackpots increase as players make bets, with a small portion of each wager contributing to the jackpot pool.
Progressive jackpots can be linked across multiple games, across multiple online casinos, or can be exclusive to a single slot game. When linked across a network of games or casinos, the jackpot can grow to life-changing sums, often reaching millions of dollars, as players from all over the world contribute with their bets.
Typically, there are specific combinations of symbols or bonus rounds that trigger the opportunity to win the progressive jackpot. Some games might offer it at random, while others require players to play at the maximum bet level to qualify for the jackpot. Some progressive jackpots are tiered, offering multiple levels of prizes ranging from smaller amounts to the grand prize.
Due to the potentially massive payouts, slots with progressive jackpots tend to have a lower return-to-player (RTP) percentage in the base game, reflecting the portion of the wager reserved for the jackpot contribution.
Once a progressive jackpot is won, it resets to a predetermined base amount and starts growing again. Given the allure of life-altering wins, progressive jackpot slots are incredibly popular among players, even though they are typically more volatile and can require more significant investment before hitting the jackpot.