Progressive slots are the most loved type of slot machines by casino players. Even if these games don’t offer the best returns on bets (about 89%), experienced players can’t resist the temptation to win a progressive jackpot. The pots on progressive slots are always higher than any other slot machines and the odds of winning big jackpots are far more lucrative than the lottery in terms of profitability. However, to win big, you’ll need luck on your side! Unlike games where methods and game strategies matter, luck is the only thing that can help you win the jackpot with progressive slots.

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Aside from being lucky, you’ll also need to register at a reliable online casino to guarantee a safe and proven gaming environment. The best way to achieve this is by checking out high-end casino guides. These guides strengths, like OCP, are that they direct you to legal and well-established online casinos. In other words, virtual casinos which are as reliable as land-based casinos.

Progressive slots – How do they work?

Compared to conventional slot machines, progressive slots have constantly changing jackpots. Mainly because the jackpots increase each time a player makes a bet. Typically, progressive slots are programmed to keep around 8% of the players bet to feed into the jackpot. The gambling house generally retains 3% of all stakes (gross profit). The rest, around 89%, is paid to the players. That’s why the mega jackpots in progressive slots are so popular – they can reach up to several million! One of the characteristics of progressive slots is that whenever a player has the chance to win the Mega Jackpot, it immediately restarts with a guaranteed minimum amount. But, the best thing is that they are connected to several casinos simultaneously! Secure gateways link thousands of players to online progressive slots – feeding mountains of money into them.

Mid-size wins from progressive slots

Just like with conventional slots, you can still lock-in wins on progressive slots without necessarily going for the mega jackpot. Many players often focus on medium-sized winnings instead of trying everything to win a big jackpot. This is a recommended approach for more level-headed players. Furthermore, being satisfied with reasonable earnings is often a more profitable way to gamble, while reducing playing time and avoiding a compulsive attitude.

The most popular progressive slots online

There aren’t as many progressive slots on the online market as there are classic versions. Progressive slots are much more complicated to set up than any other casino game. The technology used to make these games operational requires complex processes, both in terms of security and computer components. Overall, tests showed that there are only a few progressive slots that offer genuine chances to win big. Don’t let this deter you though! These games feature on the most popular online casinos in the world. In fact, they take pride of place on hundreds of online casinos in the UK, Canada, Europe and Asia. We researched progressive slots that pay the most and found four slots that stood out. These slots can win you anything from hundreds of thousands of pounds/dollars to several million! The amount of the jackpot depends solely on the slot’s popularity and the minimum guaranteed base decided by the providers.

Know Your Own Limits

This is probably the most obvious one, but it is also the most important one. It doesn’t matter if you are going to be betting on the ponies or if you are going to be playing those classic table games if you are going to bet, you need to make sure that you know your limits. This does not only mean that you need to know how much money you can and can’t spend. It means that you need to know how long you can and can’t play as well. Time can easily get away with you when you are engulfed in your favourite online casinos. If you are losing track of time then you probably have already lost track of what you’ve lost thus far.

Understand The House Edge And Betting Odds

Gambling is thrilling. It doesn’t matter if it is the stock cars or the men’s basketball that is your crutch, betting on these games are going to be thrilling. However, what you really need to know is that the odds and edge for betting on these games are different. This is where most people get drawn in and end up losing their shirts. When most people visit an online casino, they’ll immediately hit up the slot sections because it is usually more attractive and eye-popping. Well, did you know that certain slots games might offer the house a better edge? You could be more profitable by sitting down at the poker tables.

Never, Ever Chase Wins

I’m sorry to tell you this, but you are never “due” a win. You will always be playing with the same odds in every single hand you play. This is especially true with most modern slot games as the chances of winning are reset with every single spin. This is not a matter of odds, its a matter of chance and knowing the difference between those two things is the key to really winning.

Make Sure It’s Not a Secret

One of the smartest things you can do as a gambler is to make gambling a social thing rather than a personal thing. Even if you just play online casino games you can still use the chat feature and get to know the other players. Talking about problems with gambling is one benefit from this and the other is learning great tips, coupon codes and another is getting titbits of information from the other players. Talking is not just about listening, its about learning from other players mistakes and tips.

Be Wise with Your Plays

The most important aspect of playing casino games is choosing when to make your bets. You must think of the long run, not just aiming straight away for the jackpot. It doesn’t always mean that the result will be positive, but even making small wins here, or there can add up quickly. Before you know it, you may have more than the jackpot altogether.

Trial Run

While you can’t play for free to get used to a machine in the casinos, you can bet small amounts on it until you know what the win lines are and what the features do. There is nothing worse than missing out on a big win because you didn’t know how to play it properly.

Below, we’ve listed the online progressive slots with the biggest jackpots.

The Mega Moolah
This progressive slot machine, produced by Microgaming, is by far the best known on the internet. With the jackpot already starting at a minimum of one million, you know that when you win, you win big! Testimonials from players found on the OCP guide, prove just how much players love this stand-out game.

The Mega Fortune
Almost as popular as the Mega Moolah, this slot machine consists of 5 reels and 25 pay lines. Created by the Swedish provider Net Entertainment, this game is a huge hit with an array of online casinos in Canada and Sweden. Mega Fortune’s theme is based on the luxury life of millionaires.

Mega Vault Slot Machine Jackpot

The Giant Jackpot
This game is the best-known online casino affiliated with the Playtech provider. Playtech is currently one of the most active casino game providers in the UK market and produces the most successful graphics. In addition, payment rates for Playtech progressive machines are profitable, averaging at 90%.

Lotus Land Slot Machine Mega Jackpot Handpay

Megabucks are slots with progressive jackpots, combined into a single network that covers casinos in several American states. The owner and operator of this network is International Game Technology, better known by its abbreviated name IGT.

Megabucks slot is considered as an alternative to state lotteries and enjoys incredible popularity among Americans. Actually, there is an opinion that IGT specifically released it to create a lottery competition. Since the beginning of the eighties in the twentieth century, when the slot was launched for the first time, this slot made dozens of players millionaires.

Thanks to the skillfully organized advertising company, every Megabucks jackpot, when it reaches a considerable size, causes a real excitement among the gambling public. And every hit of the progressive jackpot is widely covered in the media, attracting even more casino visitors to the slot. No other slot in the world is overgrown with so many incredible myths, rumors, and legends. But with all this, there are a lot of gambling experts and just experienced players who consider Megabucks a hideous slot that absolutely does not deserve so much attention. So, who is right: fans or opponents of this slot?

Where to Play the Megabucks Slot

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How to Play Megabucks

The classic version of the Megabucks slot from IGT is a 3-reel slot machine with the only one payline. In order to qualify for a progressive jackpot, the player must definitely bet three dollars. There are a lot of stories (both true and fictitious) about casino customers, who had the jackpot combination, but they did not receive any jackpot because of a bet less than three dollars.

The progressive jackpot is not completely nullified when a lucky winner gets it but starts to grow from a certain amount. In recent years, this fixed amount is $10,000,000. There are persistent rumors that soon this initial sum of the jackpot should increase by one million.

Mega Millions Slot Machine Jackpot

Megabucks Slot Odds

Strange as it may seem, there is no official information about the probability of winning the Megabucks jackpot. Some casinos say that the player has one chance out of 50 million, while others claim that this is one chance of 17 million. Whatever it was, when the sum of the jackpot is large enough, fans of this slot are ready to fly thousands of kilometers to try their luck.

What do Lady Luck’s favorites have from this slot? Do they get all that huge amount of money that is advertised? When you win a jackpot, events can unfold as follows. First of all, the lucky guy will receive a check for $1,400,000. Then the winner is given two or three months to decide how he wants to get his winnings. There are two options: the amount is divided into annual payments, which will be transferred to the player within twenty-five years, or he can get the winnings immediately at a time, but at a rate of 60% of the jackpot.

Slot Machine Mega Jackpot Winner

That is, having won ten million, the winner can receive in the second variant only six million, but at once and with one payment. After receiving the win, he still has to pay taxes. Unsurprisingly, almost all holders of Megabucks jackpots prefer to receive their winnings in the form of annual payments.

However, in this case, they also have to pay taxes, the Internal Revenue Service of the United States (IRS) very strictly follows this. Subtract from the total amount of the jackpot another 40%, because such winnings are taxed at the maximum rate. So, the next time you hear that someone has won ten million in Megabucks and immediately took all the money, you know that the lucky guy got a little over three and a half million at his disposal.

The Curse of the Megabucks Jackpot

As already mentioned above, there are a lot of urban legends about the Megabucks slot and its jackpot, mostly of a gloomy nature. For the most part, they describe the tragic fate of players who managed to win a huge jackpot. It is believed that almost all the lucky people either perish or suffer numerous woes. The cause of their numerous misfortunes is the so-called Curse of the Megabucks slot.

Of course, in these stories, there is much more fiction than the truth. However, there is no smoke without fire — some winners, really, seriously suffered after they won the jackpot. In particular, the further life of the waitress Cynthia J. Brennan, who won $34.9 million in 2000, was sad. A month and a half after the win, Cynthia and her sister were hit by a drunk driver. The sister died on the spot, and Cynthia was forever paralyzed. The guy who drove the car in a state of intoxication was imprisoned for twenty-eight years.

But the rumors about the curse of Megabucks spread even before the year 2000. Simply, this accident was widely covered in the press and made people remember about other similar events, which at that time did not become so resonant. In 2003, many media published a story about a 25-year-old player who became the owner of the Megabucks jackpot and either died from a drug overdose in a casino hotel or was killed in a street shootout. IGT companies had to work hard to convince the public of the falsity of these statements.

There are also a lot of rumors about underage players and employees of different casinos who won the Megabucks jackpot but could not get it due to existing rules. But none of these rumors received documentary evidence.

Many experts in the field of gambling suggest that ITG recently made relevant changes to the Megabucks system, which makes the jackpot play less often, but with larger amounts. Although officially the company claims that nothing of the sort has happened, this opinion remains very popular.

Where Could You Play Megabucks?

Most fans of slot machines and large jackpots are not afraid of the curse of Megabucks and are willing to play in this slot. You can find this slot in almost all real casinos on the Las Vegas Strip, as well as in other establishments in Nevada, California, New Jersey, Mississippi, and some Indian reservations. Each state has its own separate network of Megabucks slots, but the biggest progressive jackpots are expected in Nevada. In other states, jackpots are much smaller.

Why do Experts Consider Megabucks a Bad Slot?

Experts do not believe in the curse of the Megabucks slot, but this does not stop them from considering this gambling machine not worthy of attention. The fact is that this slot is very unprofitable for the player. Firstly, it has an extremely high percentage of the casino advantage, which reaches 10-15% (for comparison, many slots in the Las Vegas casino are limited to 2-3%). Secondly, the procedure for paying a jackpot is extremely inconvenient. The winner either loses 40% of the amount or gets it in parts for 25 years. But the progressive jackpots of most other slots are paid immediately and in full.

All this suggests that Megabucks is a mediocre slot, which gained its popularity only thanks to record payments and a masterly organized PR campaign.

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