Interesting jackpot facts to ponder next time you wager: Part Two - Slots
This week we are going to turn our attention to the world of Progressive Jackpot slots and take a look at some of the more interesting facts and figures about this hugely popular form of gambling.
In Part One of this two-part series of articles last week, we looked at some of the big money facts and figures surrounding the world of lotteries.
It isn't difficult to understand why progressive slots are among the most popular form of wagering online today. The fact that there is absolutely no skill required to win, combined with a jackpot on some slots which can offer a life-changing amount of money, in some cases multiple millions, make these slots the casino-based version of the lottery.
So in this article we are going to take you through some of the most popular facts and figures about he humble progressive slot. How did it start? What's the biggest win ever paid out? Has anybody ever managed to trigger a progressive jackpot more than once?
Hopefully armed with these facts, you'll be able to get to grips with some high quality progressive jackpot slots such as Major Millions and the famed "millionaire maker" Mega Moolah slot, who only just crowned its record ever winner in the past few weeks.
Progressive Slot Facts
The first progressive slot game - The first real progressive slot game were developed in the 1980s due to the soaring costs of running slots, such as the 8-reel Big Bertha, which used to eat up metres of valuable floor space at a casino and often required two attendants to watch the slot and pay out customers.
It may sound strange but it was development work on video poker that led to the first real progressive slot. Until then, many casinos believed people would refuse to believe a video slot could be trusted. However, the development of video poker software, such as Jacks or Better and Deuces Wild led to a revolution in gaming.
In 1981, Inge Telnaes developed a virtual reel system which allowed slot machines with three and five reels to have many more combinations of reel outcomes on every spin, while giving the impression of having the same slot game reels as in the real world.
In an instant, the number of combinations on a slot grew from thousands, to millions and billions. Soon Casinos in Vegas were stocking these new games, but as yet nobody had fully realised that this could offer punters a chance to win big money. That innovation came in 1986 when IGT came up with the Megabucks slot. This was the first true progressive game as it required a $3 stake to play and several machines were linked, with a percentage of each stake played added to the progressive jackpot fund, which always started at one million US dollars.
Soon, many casinos had over 60 games in a single simple modem-based network playing the Megabucks slot game and the games went down a storm with Vegas customers, many of whom would specifically travel to the city on their holidays to play the world's first progressive slot.
Less than a year after the progressive jackpot was launched on Megabucks, it was won by a gambler in Reno, Nevada, on 1st February 1987, the lucky winner pocketing $4,988,842.17 on their lucky spin.
Just a few years later, the development of the Internet, soon saw casinos start to establish themselves on this new platform. Within an incredibly short space of time, Casinos were online and realising that the Internet offered the best possible medium to allow players to play all kinds of games, including of course, progressive slots.
The biggest Online progressive slots - What are the most popular and biggest paying online progressive slots you can play online today? Well there are a number of different options available to you. Without doubt the most famous and popular game is Microgaming's Mega Moolah, which has a guaranteed progressive prizes of 1 million in whatever your local currency is.
Remember too, you don't just have to play the original Mega Moolah game to stand a chance of winning the massive progressive jackpot. Four other games, 5-Reel Drive, Isis, Summertime and The Dark Knight slots all offer you the same chance of winning the big progressive prize too.
However Microgaming also offer a range of other progressive jackpot games, including the popular Major Millions slot, which celebrated its first Million jackpot winner recently. Other progressive slots include King Cashalot, Treasure Nile, Tunzamunni, Triple Sevens, Cash Splash, LotsaLoot, Fruit Fiesta and Wow Pot.
Other popular progressive slots on the internet include Sky Vegas Sky Millions, Hall of Gods, Jackpot Giant and Mega Fortune.
The Biggest Online Progressive Slot Wins - So you know the games to play, lets now take a look at the top three biggest ever online progressive jackpot winners.
- 3rd Place - €11.7m - A Norwegian player who remained anonymous collected this huge jackpot playing Mega Fortune. However it was a record that was only held for a short time.
- 2nd Place - €17.861m - A Finnish player landed the biggest ever Mega Fortune slot jackpot win back in 2013 smashing the previous record by over six million Euro.
- 1st Place - €17.879m - Just a couple of weeks ago in October 2015, Jon Heywood from Crewe, Cheshire in the UK was confirmed as the biggest ever progressive jackpot slot winner when he won an incredible €17.879m (£13.2m) playing the Mega Moolah slot from Microgaming.
The Biggest Mobile Progressive Win - If you would like to win money on your mobile then you should follow the example of Mega Moolah player Gabriel M who played on his mobile in June 2014, winning $3.9m equivalent in Euros.
The Luckiest Progressive Jackpot Player - Most players can't even imagine what it would be like to win one progressive jackpot, but what happens if you are a player that wins two?
Well recently at Bet365 Casino, one lucky player, known only as Henrik A, managed to win a progressive jackpot prize of £591,131 playing the Adventures in Wonderland progressive and then just a few weeks later, he returned to the site and won a staggering £517,735 playing the Leprechaun's luck progressive game, taking home over £1.1m in the process.
However Henrik's story is dwarfed by that of American veteran soldier Elmer Sherwin who was one of the first customers through the door at the newly opened Mirage Casino several years ago. However it was a trip he won't forget in a hurry as he landed a $4.6m Megabucks jackpot just 10 hours after the casino opened.
Yet that is not where Elmer's story ends. Sixteen years after that momentous win, Sherwin struck lucky again, winning $21m on the same Megabucks game! Talk about luck!
Byline: This article was published by Mega Moolah expert Henry. Media and other enquiries.