{"id":891,"date":"2015-01-19T16:18:45","date_gmt":"2015-01-19T21:18:45","guid":{"rendered":"http:\/\/www.slotsmamma.com\/blog\/?p=891"},"modified":"2015-01-21T16:33:41","modified_gmt":"2015-01-21T21:33:41","slug":"where-big-progressive-slots-jackpots","status":"publish","type":"post","link":"https:\/\/www.slotsmamma.com\/blog\/where-big-progressive-slots-jackpots\/","title":{"rendered":"Where do Big Progressive Slots Jackpots come from?"},"content":{"rendered":"

\"slots-freerolls-worth-it\"<\/a>The size of some of the online slots jackpots these days is almost unbelievable. At any time, you can find slots prizes that are worth over $1 million. And in some cases, jackpots have actually been worth over $10 million! But where do these giant prizes come from? Going further, how do they reach such astronomical heights? Let’s answer these questions by looking at the basics of progressive slots jackpots.<\/p>\n

Launched by Casino Networks<\/strong><\/p>\n

The multi-million dollar slots prizes that you see are not the product of a single casino working independently, but rather a large network of casinos. When an online casino network offers the same game across dozens of sites, there’s a much greater chance that the jackpot will build to bigger proportions. As for how a progressive jackpot starts in the first place, the network will seed it with money and the prize grows from here. In some cases, the seed money can be $500,000 or more.<\/p>\n

A Small Percentage goes to the Jackpot<\/strong><\/p>\n

Every time players bet money on a progressive slots game, a small percentage goes to making the jackpot bigger. The amount can vary, but just to provide an example, let’s say that a game pays back 94% over the long term. And the network will then make sure that a percentage of their theoretical take – 6% in this instance – goes to the jackpot. A realistic sum might be 1-2% of every dollar wagered.<\/p>\n

Great for Casinos<\/strong><\/p>\n

While casino networks have to give up some of their house-edge revenue to make progressive jackpots grow, the end more than justifies the means. Assuming a jackpot grows large enough, it can attract thousands of new players to the linked online casinos. And so giving up one cent out of every 5-6 cents earned becomes a small cost in the grand scheme of things.<\/p>\n","protected":false},"excerpt":{"rendered":"

The size of some of the online slots jackpots these days is almost unbelievable. At any time, you can find slots prizes that are worth over $1 million. And in some cases, jackpots have actually been worth over $10 million! But where do these giant prizes come from? Going further, how do they reach such …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10,4,12],"tags":[211,210,166,209,26,30],"_links":{"self":[{"href":"https:\/\/www.slotsmamma.com\/blog\/wp-json\/wp\/v2\/posts\/891"}],"collection":[{"href":"https:\/\/www.slotsmamma.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.slotsmamma.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.slotsmamma.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.slotsmamma.com\/blog\/wp-json\/wp\/v2\/comments?post=891"}],"version-history":[{"count":14,"href":"https:\/\/www.slotsmamma.com\/blog\/wp-json\/wp\/v2\/posts\/891\/revisions"}],"predecessor-version":[{"id":906,"href":"https:\/\/www.slotsmamma.com\/blog\/wp-json\/wp\/v2\/posts\/891\/revisions\/906"}],"wp:attachment":[{"href":"https:\/\/www.slotsmamma.com\/blog\/wp-json\/wp\/v2\/media?parent=891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.slotsmamma.com\/blog\/wp-json\/wp\/v2\/categories?post=891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.slotsmamma.com\/blog\/wp-json\/wp\/v2\/tags?post=891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}