A Brief History of Progressive
No Download Slots
Progressive slots did not exist in the beginning. They weren’t even possible until microchips were added in the 80s. Even so it wasn’t until the mid-80s when a slot machine manufacturer named IGT introduced them.
Since there is a common jackpot being funded from many different machines, typically across different casinos, can mean these progressive jackpots can quickly grow to be very large. In Las Vegas it’s not unheard of where slots players have won over $8 million in a single win on a progressive jackpot. The modern-day counterpart is the online casino no download slots.
How Progressive Jackpots Work
A progressive jackpot grows by receiving a small amount of money from each and every bet. This generally means their payout on a normal win (non jackpot wins) is lower than that of regular slot machines. However, if you take the progressive jackpot into account the payout would be the same. This applies to internet and mobile progressive slots as well.
Let’s say you were playing in a Las Vegas casino on a linked progressive slots machine. If the bet is $5 per spin, your money could be divided as follows: .25 cents added to the progressive jackpot, $1.25 goes to the casino and the remaining $3.50 is paid out in regular non-jackpot wins. If, however, you were playing a non progressive slots game at that same casino it is likely that your money would be divided as follows: $1.25 to the casino and $3.75 paid out on wins.
The example above assumes the casino has a 75% payout rate. In truth, land based casinos typically have payout rates ranging from 70% to 87% on average. This is in marked contrast to the online casinos where the no download slots typically have payout rates from 89% up to as much as 99.5%!
So, for example, at a mobile casino with a 95% pay out rate the money you pay in on a $5 per spin no download progressive jackpot slot could be divided up something like this: $0.25 for the online casino, $0.25 added to the progressive jackpot and the remaining $4.50 is paid out in non-jackpot winnings.
Given these statistics it is not hard to see why many hard core slots players are now playing online from their computers or phones.
Online & Mobile Progressive Jackpot No Download Slots Games
So aside from the free drinks, playing online sounds more advantageous for the player (because it seems you should win more). However, since we have discussed how large the jackpots can be at land casinos, your next question should be just how large are progressive jackpots at online casinos? The answer to that is that they are growing all the time. The current record as of this writing is over $2.5 million! Progressive online no download slots typically involved names like Mega Moolah, Monster Madness and Aztec’s Millions.
There is no doubt that even after the 2.5 million has been won, a new record will be set within a space of less than a year as the rate at which progressive jackpots online are growing is amazing. Just a few years ago a jackpot of a little over $1 million held the record. It is the opinion of many that sometime within the next couple of years the highest jackpots will be being paid out from the online casinos.
So how do you pick a winner?
Once you know what the progressive jackpot starts at, what its highest payout was and what its average payout amount is, then choosing which progressive jackpot to play is really not all that complicated. Slotland’s offers progressive no download slots and their site gives you this information, including their current progressive jackpot amount.
Obviously, once the jackpot in question is higher than it’s historical average the chances of it paying out are greatly increased. Even more, if it goes higher than its previous highest payout your chances are further increased again. So if you are chasing the biggest jackpots don’t play the games just after the jackpot has been won. Instead wait until after that games historical average payout has been passed for the best chance of winning big.