How do Progressive Slots Work?

While everyone enjoys the slot machines, there are many players who will only play progressive slots--and for good reason. Some of these games have the potential to provide some seriously life-changing jackpots in the blink of an eye. However, how can a casino afford to pay out millions of dollars to a single slots winner? The answer has to do less with the casino and more with the casino software developer. Consider the Mega Moolah offering from Microgaming, for example. Since Microgaming makes this game available to hundreds of casinos, this creates a digital network. Each time a player makes a wager on this progressive jackpot slot, a portion of that bet is added to the jackpot. Then, when a player is lucky enough to win that jackpot, he or she is paid out the amount that was collected from the entire network over that period of time. Of course, when it resets, there is always a minimum amount at which the jackpot restarts.