Progressive Jackpot Slots
Let’s take a look at how progressive jackpots operate at crypto casinos and whether it’s worth giving them a go.
What is a Progressive Jackpot Slot?
Progressive jackpots are a specific type of crypto slot where players from multiple sites all contribute to a single, constantly growing prize. Having so many players involved in one jackpot means things can escalate quickly, with the top prize in some crypto progressive slots paying out millions.
The games themselves are similar to regular crypto slots. They come from all sorts of providers, can have all the same features like wilds and respins, and still pay out small wins regularly. Each progressive jackpot slot will have its own RTP. The only thing that makes them different is this massive jackpot hanging over them.
How Progressive Jackpots Work at Crypto Casinos
The bottom line is that the jackpot gets bigger and bigger until a player wins it. But, if you want to know the ins and outs, here’s how a progressive jackpot works at any crypto casino.
Seed
This is the starting point of the jackpot. Instead of starting at £0, there’s a default amount which is automatically added to the prize pool. This could be any amount. IGT’s MegaJackpots restarts at £500,000 after being won, for example.
The seed is in place to keep players coming back. If you imagine a big jackpot being won and the prize dropping from millions to zero all of a sudden, there’s no way players are going to want to play it. Having seed money ensures the jackpot is always worth playing for.
Building a Jackpot
Seed money isn’t the only way the jackpot is build. Every time you play on one of these slots, a small portion of your stake is syphoned off and added to the jackpot. This is where the ‘Progressive’ part comes in, as the jackpot gradually builds, bit by bit. Or bitcoin by bitcoin, you might say.
The exact amount of your bet that goes towards the jackpot depends on the software provider. Daily jackpots might take a higher percentage, as the payout is guaranteed. For example, Red Tiger Daily Jackpots take 3%, versus the 2.3% on MegaJackpots, a game created by IGT.
Prize
The biggest prizes reach into the millions. Mega Moolah is one of the most popular jackpot slots available at crypto casinos, and regularly pays out seven- and eight-figures sums. The wait isn’t even that long sometimes. For instance, Mega Moolah millionaires were made in both September and October 2024.
But some progressive jackpots are smaller. There are even three-figure prizes. Have a look around and choose the one which works for you.
Regular Jackpots vs Progressive Jackpots
There are many different types of jackpots available on the slots at crypto casinos. Often, progressive slots hog the limelight due to the fact some of them absolutely dwarf the smaller ones. But is that necessarily a good thing?
Regular jackpot slots such as fixed jackpots will have a stronger appeal to some players. You know exactly what you’re playing for, and the prize doesn’t decrease after somebody else wins it. There are also more small jackpots, which are easier to win.
Pros and Cons of Progressive Jackpot Slots
If you’re a fan of crypto slots, you’ll already know there are seemingly endless options out there. And it’s a similar case for progressive slots, as they’re all different.
However, there are some common themes among them. Here are the main pros and cons of most progressive slots at crypto casinos.
Pros
- Mega prizes. Some of the top prizes are astonishing, like Mega Moolah dishing out over £10 million.
- Big budgets. These are high-quality games made by big studios, making for an awesome player experience.
- Widely available. The progressive element works best when the game is everywhere, so it’s easy for you to find.
Cons
- Lower RTPs. Because they’re “saving up” for the jackpot, most of these slots have lower RTPs.
- Hard to win. You need to put in a lot of time and get very lucky to hit a jackpot – especially the big ones.
FAQs
Can you make money playing progressive jackpot slots?
Progressive jackpot slots at crypto casinos have major prizes on the line, but the odds of winning them are slim. If you want the highest return on crypto slots, focus on the RTP rather than the jackpot prize.
What’s the most popular crypto progressive jackpot?
The most famous progressive slot is Mega Moolah, because it’s already made over 40 players millionaires. The biggest win to date came in January 2019 for over C$20 million, which is close to £11 million.
Is it worth playing progressive slots at crypto casinos?
Progressive slots are great for players who enjoy games with massive prizes, but only if they acknowledge they’re unlikely to ever win them. If you want consistent wins, you should try regular crypto slots.
How often do progressive slots hit?
More often than you’d think. Mega Moolah paid out its jackpot five times in 2024, with prizes ranging from C$3.6 million to €7 million. Nonetheless, it’s exceedingly tough to hit the jackpot.
