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A progressive jackpot is a jackpot (a gambling grand prize or payout) which increases each time the game is played but the jackpot is not won. When the progressive jackpot is won, the jackpot for the next play is reset to a predetermined value, and resumes increasing under the same rule.
Ladbrokes Slots is giving away a £50 Welcome Bonus when you bet £10. The newest, most fun place to play online slots, Blackjack and Roulette. It is wise to look to play slots with the highest RTP rates as this is the only way you can boost your chances of hitting the jackpot. For example, if you are interested in a title that has an RTP of 96%, it means that 96% of the money wagered on the slot will be awarded to players in the long run as a payout.
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It’s a holiday miracle for one man who spent his Christmas Eve at a Las Vegas casino.
The Suncoast Hotel and Casino reported a man named Kevin won nearly $15.5 million from one of its slot machines Thursday night.
'MEGABUCKS JACKPOT ALERT!' Suncoast Casino tweeted out alongside a photo of its hidden winner. 'Congratulations to Kevin for hitting the $15,491,103 Megabucks Progressive Jackpot at @suncoastcasino!'
According to a news release shared with Fox News, Kevin won the jackpot from an International Game Technology Megabucks slot machine Thursday afternoon around 12:30 p.m. He reportedly put only $40 into the machine before his monumental win.
It was the largest slot machine jackpot Nevada has seen in eight years, according to Boyd Gaming – the owner of Suncoast Casino.
'It was certainly a Christmas Eve to remember,' a spokesman from Boyd Gaming told Fox News. 'We’re excited and honored we could play a part in this historic holiday jackpot at the Suncoast.'
Kevin, whose identity was being protected for safety reasons, said he divides his time between Las Vegas and Alaska.
He told Boyd Gaming that he intends to use his winnings to support his business and 'pay it forward.'
Social media users on Facebook have extended their congratulations and well wishes to Kevin.
'Congrats!!!!! I can’t even win a $100 and I’m there every weekend,' one user wrote with a laughing emoji.
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'Wow,' another person chimed in. 'Merry Christmas to you.'
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The odds of winning a jackpot prize from a slot machine are against most players. (iStock)
One of the world-record slot machine jackpots to occur in Las Vegas happened at the MGM Resorts-owned Excalibur Hotel & Casino in 2003, according to records from International Game Technology. A 25-year-old Los Angeles man was said to have won $39.7 million.
Three years before that, an anonymous woman won $34.9 million at the now closed Desert Inn Resort.
It’s not just Kevin testing his luck this holiday season. A laid-off preschool teacher from North Carolina won $250,000 from a scratch-off ticket, according to an announcement post from the NC Education Lottery on Tuesday.
Fox News’ Bradford Betz contributed to this report.
Progressive Jackpot Slot Machines: FAQs
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Still scratching your head over progressive jackpots? Check out our FAQ to find out more.
Progressive jackpots are linked prize pools that are added to every time someone plays the game. The jackpot on a game is now often linked across multiple casinos. That means a player can win the same jackpot but at a different online casino.
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No. Most Internet video slots have exclusive jackpots that are triggered on a single computer or mobile. Most casinos have around 5-20 progressive jackpot slots online.
Yes. Only real money gamblers can access the biggest jackpots. After all, you can only win the lottery if you pay for a ticket too!
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No, which is why they're so much fun. The jackpot will continue to rise until it is triggered. However, once won, many jackpots 'seed' and are reset to a set prize level.
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Microgaming, Playtech, and NetEnt offer the most popular games. Microgaming's Mega Moolah and The Dark Knight, NetEnt's Mega Fortune and Cosmic Fortune, and Playtech's Age of the Gods Series Jackpot games are among the biggest titles on the web.