There are many different types of online slots, but online slots with jackpot prizes are some of the most popular online gambling games you can play. This is because they offer a chance to win incredibly generous prizes when you spin the reels. However, not all jackpot rewards are the same.
If you’re interested in trying your luck with jackpot slots but want to know more about this type of prize, you can find everything you need to know about jackpot online slots in this complete guide. Read on to learn more.
What Are Online Jackpot Slots?
An online jackpot slot is any slot machine that offers a jackpot prize. A jackpot prize is typically much larger than a regular payout that you can win when spinning the reels of an online slot.
How Do Slot Machine Jackpots Work?
If you’re thinking of betting on an online jackpot slot, you might be wondering how online slot machines work. Much like regular slots, jackpot slots use a random number generator, or RNG, to create a random string of numbers. These numbers are associated with a certain result that can appear on a slot machine’s reels. This includes whether you win a jackpot prize or not.
The size of the jackpot prize that you’ll win will generally depend on the type of jackpot slot that you play online.
The Different Types of Jackpots For Online Slots and Offline Slots
There are many different types of jackpot slots that you can find at both offline and online casinos. Here are six of the most popular types of jackpot slots.
1. Progressive Jackpot Slots
The prizes awarded by progressive jackpot slots increase in size each time a player bets on a connected game. This increasing prize pool is funded by a portion of each wager that goes towards the progressive jackpot. The rate at which the progressive jackpot can grow depends on numerous factors, such as what percentage of each wager goes into the prize pool, the size of each qualifying wager, and how many machines are connected to the progressive jackpot.
When a player wins a progressive jackpot, the prize resets to the “seed value,” which is the guaranteed starting point of the jackpot. It then starts increasing again until another player wins, once again resetting the prize pool to the seed value.
2. Local Jackpot Slots
Local jackpot slots are another subtype of progressive jackpot slots. This type of jackpot only takes a portion of each wager from connected slots available at a specific location, whether a traditional brick-and-mortar casino or just one virtual casino.
The prizes available from local jackpot slots are smaller than those from network jackpot slots (more on this type of jackpot slot below), but you’re more likely to win since fewer people are playing for a chance to win.
3. Network Jackpot Slots
Network jackpot slots are another subtype of progressive jackpot slots. Unlike local jackpot slots, the number of connected slots isn’t limited to one location and can include multiple slot machines across many physical and virtual locations.
Due to the number of connected slots, network jackpot slot prizes can increase to much larger sizes than local jackpot slots at a much quicker pace. However, since more slots are connected to this prize pool, you’re likely competing against more players, reducing your chances of winning.
4. Fixed Jackpot Slots
Unlike progressive jackpot slots, fixed jackpot slots offer a jackpot prize set at a specific value. Regardless of how many people wager or play, the potential payout of a slot with a fixed jackpot prize never changes.
5. Must-Drop Jackpot Slots
Must-drop jackpots are a type of jackpot prize that must be won (or “drop”) before a specific time or before a jackpot reaches a specific amount. This means the closer a jackpot gets to the specified target, whether it’s a time of day or total jackpot value, the more likely a player is to win. This can create some nail-biting excitement the longer a jackpot goes without being won, as each person spinning the reels hopes their next spin will allow them to win the must-drop jackpot prize.
6. Multiple Jackpot Slots
Multiple jackpot slots are slot titles with multiple jackpot rewards up for grabs. Typically, this category of jackpot slots offers three to four jackpot prizes but can offer as many as five jackpot rewards. It’s up to the game developer to decide how many jackpot prizes they want to include in their game.
Generally, you can win one of these jackpot prizes when playing a multiple jackpot slot by landing a specific combination of special symbols during the base game or a bonus feature. However, the exact requirements will vary depending on which slot game you’re playing.
3 Tips For Playing Jackpot Slots Online
Like any other jackpot prize, it’s always up to fortune whether you win or lose. However, these three tips might help improve your overall experience (and maybe even your chances of winning) when you wager on jackpot slots online:
1. Make Sure You Meet the Qualifying Criteria for the Jackpot
Each jackpot slot has different criteria to meet if you want to stand a chance to win the jackpot prize. For some online slots, you may need to wager the largest bet possible, while others may reward you with the jackpot prize any time you play, regardless of how much you wager. Other online slots may only offer a chance to win the jackpot prize if you trigger a specific feature. This is why you must check the qualifying criteria for each game to ensure you meet the right criteria if you’re playing to win one of these incredible payouts.
2. Pick a Game With Jackpot Prize Criteria That Suits Your Bankroll
While it may be tempting to play any jackpot game that catches your eye, if you want to optimize your chances of winning, you will want to pick a game that gives you the best chance to win while managing your slot bankroll.
For example, if an online slot requires you to spend $100 per spin to qualify for the jackpot and you only have $500 to wager, you’ll run out of opportunities to win pretty fast. However, if a game only requires a minimum wager of $20 to stand a chance to win, you’ll have many more opportunities to spin for that jackpot prize.
3. Keep Your Expectations (and Emotions) in Check
Even if you meet all the criteria for a jackpot and have a large bankroll to spend, winning the jackpot prize is always down to luck. No matter how much you hope to win or how much you’ve spent trying to win on a progressive or fixed jackpot slot machine online, the winner of a jackpot prize is always decided by chance. By keeping your expectations realistic and your emotions in check, you can avoid unnecessary disappointment or frustration when you play.
The Best Jackpot Slots Online
Now that you’ve completed this guide to online jackpot slots, it’s time to find some exciting slots with great jackpot prizes. At BetMGM Casino, you can play many online slots with progressive and fixed jackpots.
Here are three great games with jackpot prizes that you can play the next time you gamble online:
Enjoy Great Online Gambling at BetMGM Casino
In addition to exciting jackpot slots, you’ll find many other exciting online gambling experiences when you sign up to play at BetMGM Casino in Ontario.
You can spin the reels of regular online slots with fantastic prizes or try your luck with online versions of classic casino games like blackjack, craps, roulette, and more. You can also experience the best online and offline casino games with a wide range of exciting live dealer titles that bring the casino experience to your home.
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