Progressive Jackpot: Meaning and Definition
This is a jackpot game where the jackpot will get bigger as more players bet on the game. Usually, these are connected across a bunch of slot machines that all chip in to the same jackpot. The jackpot will continue to grow until won which can be in a number of ways including randomly triggered. After it's won, the progressive jackpot simply resets and starts fresh.
We’ve explained how a progressive slot machine works in our blog.
Summary
A progressive jackpot is a prize pool that increases as more players bet on the game, often linked across a network of slot machines. It continues to grow until it is won, which can happen randomly, and then it resets and starts building again.
What Is a Progressive Jackpot?
The best way to understand what a progressive jackpot is to give it a go. You can think of it as a prize pot that keeps getting bigger with every bet placed.
Why It's Important
The biggest appeal of a progressive jackpot is its potential size. Because the prize keeps growing, it can reach huge amounts, giving players the chance to win a life-changing payout from a relatively small bet. Also, the fact that somebody will definitely win and take the money home attracts players.
How It's Used
Progressive jackpots are most commonly found on slot machines and in online slot games, either on a single game or linked across multiple machines or casinos. Players automatically contribute to the jackpot when they play, and the prize resets once it’s been won.