Progressive Jackpot vs Local Jackpot vs Network Jackpot + Slots List
Progressive jackpots are definitely the most intriguing part of online gambling with a good reason for that. Why so? Enormous prizes make them impossible to ignore.
Best Paying (RTP) Online Slots with Progressive Jackpot
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What is the slot machine jackpot at online casino?
Whether you are an active casino player or not, you have almost certainly come across the word “jackpot” so many times during your life.
The word “Jackpot” does not need to be explained in the context of everyday life. We usually use this word when we want to stress out two things:
an enormous amount of luck has been involved
we have gained huge benefits. So, it is something super valuable. And normally it is very hard to obtain.
However, when we are talking about online slots, the meaning is going to be similar, but not exactly the same.
In the context of online casino slots, the word “jackpot” could have 2 meanings:
the biggest possible winning in a particular slot. For example, when you hit 5 top-paying symbols on a pay-line. This winning size is fixed and does not depend on external factors (other players bets etc.).
when some portion of your online slot bet is becoming the part of a huge jackpot. In fact, many casino players build this prize pool by contributing their money in overall savings, the size of which will be truly enormous (millions of euros in some cases).
In this article, we are going to speak about the jackpot at online slot that has the second name, which is “progressive” jackpot.
How Progressive Jackpot, Local (Slot) Jackpot and Network Jackpot interact with one another?
Every Local (Slot) Jackpot is progressive since the prize pool is getting formed gradually (progressively).
Every Network Jackpot is progressive as well, because of the same reason.
But Local (Slot) Jackpot is not Network Jackpot and vice versa.
Hope this “drawing” of mine is going to help you to understand their interactions better.
Further, I am going to cover all differences and similarities between these jackpots.
The Progressive Jackpot at online slot
Whenever an online casino player makes bet at a progressive slot, some part of the bet (cost of the spin) is becoming the part of the progressive jackpot (overall savings). Usually, this part of the bet is no more than 3-5% (the exact number depends on the particular slot).
The more players around the world try their luck in some slot with progressive jackpot feature, the bigger size of the jackpot is going to become eventually.
Hence, jackpot must meet these conditions to be considered as progressive:
the prize pool is increasing gradually (It is not a constant number and can not be known beforehand)
every bet (spin) at progressive slot is contributing to the progressive jackpot (it explains why it is increasing gradually)
a progressive jackpot is getting triggered randomly, and RNG is involved in process (Every player of this particular slot could win the jackpot, however, the probability is low).
It is worth to mention, that your bet size impacts on your chances to win the jackpot. As you have already guessed, the bigger your bet size (cost per spin) in a progressive slot the better chances to hit the jackpot.
The Local Jackpot at online slot
As I have said before, every Local jackpot is progressive, hence all progressive jackpot characteristics are applied to the local jackpot as well. Namely, it is increasing gradually, part of each spin cost is becoming the part of the whole prize pool, and the win at local jackpot is distributed on a random basis.
There are (some) features that separate Local jackpot from other progressive jackpots:
it is getting formed only in a particular slot in a particular online casino, that's why it is called “Local”
because of the limited number of players, who contribute to this kind of jackpot, the size is not enormously big. And in the majority cases, it can not be considered as life-changing money. (In general, we are talking about thousands of euros, and less often tens of thousands)
Implementing the local jackpot feature in some slots is a relatively often used marketing tool. Online casinos do so in order to stand out from the thousands of other casinos on the market and be able to compete with them.
It has been mentioned, each online casino has got its own policy regarding “local” jackpot in a particular slot. The best way to find out about them is either read “Terms and Conditions” or contact online casino support (via live chat or email). Sometimes such slots (with local jackpot option) could be found in a special section on the online casino websites.
The Network Jackpot at online slot
The most well-known kind of progressive jackpots is “network” jackpot, due to its monster size.
The software providers produce online slots and let online casinos to use their products. They are getting paid for their service with a share of online casino profit. Thus, software providers are incentivized financially to make casino players prefer their own slots. Here “network” jackpot feature comes handy.
The system is the same as for all progressive jackpots with the following differences:
all players of the particular progressive slot contribute to the jackpot. So, if you play in Mega Moolah by Microgaming, part of every bet in every casino where this slot is available is going to form final jackpot
size of the jackpot is enormous (from tens of thousands to millions of euros). It is understandable because the contributing pool of players is significantly bigger than in the case with “local” jackpot.
The Progressive slots: are they worth playing?
I would say it depends on your personal gambling preferences. Please keep in mind, that volatility level in progressive slots is considered to be rather high since jackpot money must come from somewhere.
So, if you prefer “high risk - high reward” strategy, then progressive slots are definitely your place to go. But less frequent winnings in such slots should be expected.
In conclusion, I would like to say, that the progressive slot is quite a legit option to win a lot of money and not being robbed like in the case of the government lotteries (why government lotteries are the biggest scam). Because in terms of RTP (return to player %), progressive slots certainly vary. Though, in general, I would not say they stand out either in a good or bad way (RTP is around 96%, which is average on the market). What can not be said about government lotteries, where players are getting appealed by huge jackpots in the cost of meager RTP % (around 50-70%, which is unbelievably low).
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