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Progressive jackpots grow until a lucky player hits a winning combination or triggers the winning event. Then the machine is reset to a predetermined amount and accumulates again. Every bet made on the progressive slot helps build the pot. For each spin, a percentage of the wager is added to the progressive total.

Progressive games are usually not limited to individual casinos. Instead, these progressive slots are played across a massive network of the top online Canadian casinos, and the reason the jackpot sums can hit millions of dollars.

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When you bet on a jackpot slot, a small portion is added to the ever-growing jackpot pool. Every provider will have different contribution amounts.

The Seed

The seed is used when a progressive jackpot has a payout. A player would not start funding the online slot machine if it began at zero. So providers will set a seed amount, and when the jackpot is won, it will reset to this determined amount. For example, the Mega Moolah seeds at C$2,000,000 each time it is won by a player.

The Prize

The more significant a progressive jackpot prize, the more gamblers will play it. As a result, the prize pool will gain traction in online casinos and the iGaming industry as it hits millions. However, there usually is not just one but three or four progressive amounts.

Let's look at Mega Moolah again. There are four progressive jackpot amounts that you can win:

• Mega: As of today, the amount is nearly C$7 million!
• Major: This seeds at 10,000 and currently stands at C$40,000.
• Minor: The minor usually pays out around C$100.
• Mini: The mini is typically around the C$10 range and pays out the most.

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There are three main types of jackpots; Fixed Jackpots, Local Jackpots, and スロット イベント 岐阜. So, let's break down how each operates and pays:

Fixed Jackpots

A fixed jackpot is a slot machine that includes a jackpot prize that is always the same. In other words, the amount stays the same even when someone wins. Regular slots will have a maximum you can win on any spin. The same applies to fixed jackpots, also known as non-progressive jackpots.

Fixed jackpot winnings can vary. Some have a set amount, no matter the size of your spin, while others have a jackpot value that is won based on your wager. So, if the maximum prize of a fixed jackpot slot is 5,000x, and you were spinning C$1, you would take home a C$5000 jackpot win.

Suppose you want a life-changing sum of money, then progressive jackpots or more suitable. In that case, however, fixed jackpots have a better chance of payouts more regularly, and the overall volatility of the slot is generally lower.

Local Jackpots

A local jackpot slot is restricted to a particular casinoinstead of growing across a network. They are progressive, so the value of the prize pool will continue to grow.

However, these slots will have fewer players contributing to the jackpot pot. Therefore, the top payout is relatively small compared to network progressive jackpot slots. So, you are looking at a few thousand or tens of thousands of dollars rather than millions.

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Whenever you wager on progressive slots, part of the bet will be added to the overall progressive jackpot until it is won. This amount can vary between slots. However, it is typically around the 2 to 5% mark. The more players, the larger the jackpot pool.These also run across various developer networks.

So, say you were playing an IGT jackpot slot, and each online casino that features it as a choice will contribute to the growth of the pot. The advantage is that, with more people playing, the larger it will grow.

Another consideration is the size of your bet. Some progressive jackpot slots require a minimum bet to qualify for the huge jackpot. One such game is the Jackpot Giant slot by Playtech. The minimum you must spin on this one is C$4 to activate the feature. The biggest win on this was €5.89 million by a lucky librarian.

Mega Moolahis another example. There is a minimum spin size of C$0.25 to be in with a chance of the massive jackpot. However, the higher your bet, it will improve your chances moderately. So, if you wager C$1 instead of the minimum, you would have a slightly higher chance of triggering the feature.

Some will trigger during free spins, while others will trigger randomly on the reels. In addition, each progressive jackpot slot will have different requirements and bet amounts. So, do always check the rules and the paytable before playing.

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When considering playing progressive slots, there are a few things to keep in mind. You should take into account the volatility of the slot, the bet range and your budget. It’s also good practice to check if you can play the slot for free before investing real money to ensure you fully understand how it works.

Volatility

Volatility in slots essentially refers to how frequently you can expect to winduring gaming sessions. This measure is usually paired with variance, which gives you an idea of the size range of payouts you can expect.

Typically, jackpot slots come with high volatility. This is because in order to be able to pay out large jackpots, there will usually be less frequent payouts in the slot’s base game.

For example, if a slot has a 95% RTP, this means that theoretically 95% of the total wagers paid into the slot will be paid back to players in winnings. If 90% of that is paid out as a single jackpot sum, that leaves only 5% to be spread out in other wins.

It’s good to remember that progressive slots are heavily regulated by various casino gaming control boards and software testing laboratories to ensure the complete fairness of each jackpot payout. While volatility and other measures are useful to gain an understanding of the overall experience of playing a slot, the use of random number generators (RNGs) guarantees that every player has a unique experience and every spin has an equal chance of a win.

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With higher volatility comes greater risk. Although payouts are usually more favourable, you can have many dead spins and quickly watch your balance deplete. However, these highly volatile slots can result in enormous payout amounts.

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Low volatility slots correlate to less risk.The payouts are more diminutive. However, they are a lot more frequent. A small to medium win will typically happen every few spins. These low-volatility slots can come with bigger wins. Still, it will not match the payouts found on high-volatility games.

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You can play progressive jackpots for freeat our top online Canadian casinos. This is a good way to familiarize yourself with the game mechanics.

However, keep in mind that although you will see the sum of the jackpot while spinning on some, you will play with fake cash and not take home any of your wins. Besides showcasing their considerable jackpot amounts, free games will also let you try out other bonuses, including free spins, wilds, scatters, and multipliers.

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Some progressive online slots only allow you to win a jackpot if you wager the maximum stake size. Meaning you might need a large bankroll for those spin amounts. Luckily, not all require such large wagers. When you load up the slot, if there is a minimum bet size to activate the jackpot, it will inform you before you start spinning.

Budget

Responsible gambling is another critical consideration to factor in when playing jackpot games. An essential thing you can do is to ensure you set a budget before playingany jackpot casino game. You can also set yourself time remindersand limit your deposit amounts. Only ever spending what you can afford to lose is an essential course of action to take.

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The odds of winning at a progressive slot are more complex than calculating, for example, the chances of your numbers landing in a game of Roulette. This is because several factors significantly influence the probability of triggering a progressive slot.

The facets will include the version of the jackpot and which software drives the algorithm that will trigger the winner. Therefore, every progressive slot has different oddsand ways the mechanics operate.

However, the average odds are around a one in 50 million chance of winning. So, although it may seem an incredibly high amount to win if you look at lottery numbers, there is an even lower 300 million to one chance of winning.

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Some games allow for a lump sum payment, where the cash is settled upfront. Others will require that the money gets paid in installments.

The biggest progressive jackpots run across various casino networksand the casino usually pays smaller payouts directly. However, suppose luck was on your side, and you nabbed millions. In that case, the respective game's software developer must get involved.

In a nutshell, if it is a large sum and the casino is processing the payment, it must be split up as stipulated in each online casino's terms and conditions. If the software developer is involved, you will generally receive your millions in one payout!

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Every Canadian player who plays progressive jackpot slots hopes they will be fortunate enough to appear on the winner's list of progressive jackpots. So many players from Canada have successfully won millions on Mega Moolah Jackpot slots. Let's look at some of this slot's most significant Canadian wins.

• $20,059,287.27 on the 30th January 2019
• $11,633,898.44 on the 5th November 2016
• $11,610,536.59 on the 28th August 2016
• $9,572,948.34 on the 14th March 2017
• $8,453,754.28 on the 16th January 2017
• $7,562,019.94 on the 9th April 2015

Many more Canadian gamblers have won lesser sums but are still in the millions on this slot. So you can see that even though players globally also have a chance, Canada scores well in the winner's table.

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Slot software providers are the brains and designers behind slot machines. Many incorporate a wheel element and come with many theme styles. To win is simple. For example, you usually need five jackpot symbols across the reels to land the jackpot. You then get taken to spin the wheel or a pick feature.

Microgaming

They have to be top of our list and have been in the industry since 1994since the beginning stages of online gambling. They provide high-quality casino games worldwide to the best online casinos with dynamic graphics, incredible animations, and a user-friendly interface. So, let us take a look at a few of the top Microgaming games:

Mega Moolah

As discussed in our article, this African-themed progressive jackpot slot has already altered many fortunate players' lives who have walked away with millions. It comes with 25 fixed paylines and a 5x3 grid set, and the minimum spin size is C$0.25, and the maximum is C$6.25. Any spin size can deliver the mega jackpot

Major Millions

Major Millions is a military-themed video slotoffering five reels, three rows, and 15 paylines. It was released in 2009, so the graphics are slightly older, and it shows in the graphics quality. However, it is the perfect progressive game for everyone, with a minimum bet of C$0.20, a maximum bet of C$3, and a chance at a massive progressive payout.

King Cashalot

Another great one by Microgaming is King Cashalot. It has a medieval theme, has nine paylines across five reels, and offers the "pick until collect" bonus game. The jackpot seeds at C$100,000, but it can grow massively beyond that and the chance to become a millionaire. It has simple gameplay, has nine paylines across a 5x3 reel setup, and you can spin from as little as C$0.01 to C$2.25.

NetEnt

NetEnt offers Canadian players four jackpot games. Considered one of the best software providers in the industry, NetEnt has an impressive game portfolio and it partners with some of the leading online casinos in Canada. Two iconic NetEnt slot games are Starburst and Gonzo's Quest. NetEnt's jackpots games include:

Mega Fortune

The Mega Fortune slot has made several people instant millionaires. It has five reels and 25 fixed paylines and comes with a luxurious theme. Even though it got created in 2008, the graphics have stood the test of time. In addition, it features free spins and a pick-me bonus game with three progressive jackpots on offer.

It made history and has been entered in the Guinness Book of Records for the most significant online jackpot win and even gone on to break it’s own record. The biggest win recorded on Mega Fortune now stands at over €17.8 million (nearly C$26 million).

Hall of Gods

Based on Norse legend, this five-reel and 20-fixed payline slot comes with a minimum bet of $0.20 and a maximum of C$50. The bonus game gets you a chance at pick-and-win features. Get three of Thor’s hammers on the reels, match three symbols, and win one of the three jackpots. It has made many millionaires, and C$12.6 million was the amount one lucky player banked!

Arabian Nights

Get transported to an ancient Arabic world in this 10-payline and five-reel video slot. The minimum bet per wager is C$0.10, and the maximum is C$20. It is a pooled jackpot with average payouts around the C$2.5 million mark. The top payout won on Arabian nights was C$3.35 million.