Newest Progressive Jackpot Millionaire Stays Quiet
The world of online progressive jackpots has created another millionaire. A player from Great Britain recently managed to hit the jackpot combination on Mega Fortune, a progressive slot by Net Entertainment, and won a total of £2,244,533. Mega Fortune is designed similar to an advanced online video slot, containing five reels instead of three and 25 paylines on which winning combinations can occur. However, only a specific combination of symbols will activate the progressive jackpot payout.
For privacy reasons, the British player has chosen to remain anonymous and reduce exposure by the media.
Unlike any standard online slots, games that come with a progressive jackpot have a significantly higher top win amount that increases over time. Microgaming, one of the leading developers in the industry, has dozens of progressive jackpots that range from a few hundred credits to pots that sit comfortably in the millions.
In addition, these jackpots are connected to a large network of online casinos that host the Microgaming software. The format means that every player at each of the linked casinos is contributing toward the progressive jackpot when they bet money on the game. With a high initial reset amount, Microgaming’s progressive jackpots consistently feature a large maximum payout.
The anonymous gambler is just one of a handful of lucky players who have managed to receive life-changing payouts. Jon Heywood, a casino player from the UK, currently holds the record for the largest progressive jackpot win online, which was a stunning €17,879,645. Heywood played the progressive slot Mega Moolah, which is a Microgaming title. The win occurred through Betway online casino.
The largest progressive jackpot win through a mobile device was in April of 2017 and went to an anonymous player. The player won over €7.3 million on the Microgaming progressive slot Mega Moolah.
While the potential of winning a progressive jackpot is exciting, players should be aware of the average game’s payouts. While many normal online slots post at least a 95-percent return to player, or RTP, the progressive slots tend to pay out much less. There is always the presence of a house edge, but the chances of seeing returns on bets in a progressive slot game are particularly poor.
Even though it is a prudent choice to remain anonymous after a win, the media exposure typically dwindles very quickly unless the jackpot sets a record.