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Online Jackpot Slots Explained

Have you ever wondered how online jackpot slots really work?

To help you navigate the world of online jackpot slots, our online casino experts have put together a guide.

This complete guide to jackpot slots will explain what they are and how they work. Plus, we’ll take a look at different types of jackpot slots, how to play, and how to make the most of your wagers!

Ready to get started? Here’s Online Jackpot Slots Explained.

The History of Jackpots 

The term jackpot was coined in poker. Specifically in the poker game Jacks or Better.  

Jackpots began as a pool of money that was created when no one won a hand. If no player met the necessary opening hand then each player had to contribute to the jackpot.

How Online Jackpot Slots Work 

In slots, a portion of each lost bet is put towards a mutual jackpot. The jackpot is won when the right combination is spun. This is known as a progressive jackpot. Progressive jackpots can grow exponentially.

There are also fixed jackpot slots. With a fixed jackpot, the prize does not grow. Instead, the casino or game provider decides on a fixed amount for the jackpot.

Jackpots slots allow players to win huge amounts of money! The amount you can win will depend on the game and the prize pool.

The different prize pools you might come across when playing jackpot slots include:

  • Mini - typically the smallest jackpot 
  • Minor 
  • Major 
  • Maxi 
  • Grand - most commonly the largest jackpot 

Players can access larger prize pools by wagering more. 

In addition to various prize pools, there are also many different types of online jackpot slots.  

Types of Online Jackpot Slots 

Let’s take a closer look at the variety of online jackpot slots available to Canadian players: 

  • Progressive Jackpots 
  • Fixed Jackpots 
  • Daily Jackpots 
  • Local Jackpots 
  • Network Jackpots 

Progressive Jackpots 

Progressive jackpots grow over time. The more players spin without winning, the bigger the jackpot gets. As a result, the jackpot total can vary greatly.  

Once the jackpot is won, the prize drops back down to a predetermined minimum. Because of this baseline, the jackpot is never zero. 

To win the maximum prize you must play the maximum bet. The bigger the risk, the bigger the reward!

Most new online jackpot slots are progressive jackpots. There are many popular progressive jackpots to choose from. Some of our favourites include: 

  • Mega Moolah 
  • Cash Splash 
  • King Cashalot 
  • Treasure Nile 
  • Fruit Fiesta 

The largest progressive jackpot that has been won at an online casino was over $28 million! This prize was won on Mega Moolah - an online jackpot slot created and operated by game developer Microgaming.  

Fixed Jackpots 

Fixed jackpot slots are a bit different from progressive jackpots. Some important points to note about fixed jackpot slots are: 

  • The jackpot is always a set amount. 
  • Fixed jackpots tend to be much smaller than progressive jackpots. 
  • The jackpot is won more frequently than with progressive jackpots. 
  • Players can expect a higher RTP compared to progressive jackpot slots.

Players can find lots of great fixed jackpot slots online. Here are some good ones to look for: 

  • Starburst 
  • Bonanza 
  • Book of Dead 
  • Rainbow Riches 
  • Fluffy Favourites 
  • Immortal Romance 

It’s possible to win between $10,000 and $250,000 on the slots above. Not too shabby! 

Daily Jackpots 

Daily jackpots are another variation. A daily jackpot is won once per day.  

Red Tiger Gaming was the first game developer to come out with a daily jackpot. Today, Red Tiger Gaming offers the following jackpot options on their online slot machines: 

  • Daily drop - a jackpot pool that is won once per day  
  • Super drop - a medium jackpot that is won several times daily  
  • Hourly drop - smaller prize pools that are won hourly  

Local Jackpots 

Local jackpots are contributed to by players from a single casino. These jackpots are often smaller than network jackpots. However, your chances of winning are greater. This is because there are fewer players involved.   

An example of a local jackpot is Mr Holmes & the Stolen Stones. This slot can be played at LeoVegas. Only LeoVegas players can contribute to and win this jackpot.  

Network Jackpots 

Network jackpots combine contributions from various casinos. All the gamblers playing a certain game contribute to the jackpot, regardless of what casino they’re playing at. 

With network jackpots, the prize is bigger but the odds of winning are lower. This is because there’s a large number of people who could win. 

An example of a network jackpot is Mega Fortune. This slot provides an opportunity for a huge cash out due to the large volume of contributions. 

Popular Jackpot Games 

Below are our top five jackpot slot games. 

  1. Mega Moolah 
  2. Mega Fortune 
  3. Arabian Nights 
  4. Joker Millions 
  5. Empire Fortune 

Let’s take a look at these in closer detail. 

Mega Moolah 

Mega Moolah is the world's largest online progressive jackpot slot. It has a fun and entertaining safari theme that includes lions, zebras, elephants, and more.  

  • Type of jackpot: Progressive jackpot slot 
  • Game provider: Microgaming 
  • RTP: 94.5% 

Mega Fortune 

When you play Mega Fortune, you have the opportunity to win mega jackpots, major jackpots, and free spins! Mega Fortune is all about the bougie lifestyle. You’ll feel like the rich and the famous when you’re spinning the wheel.  

  • Type of jackpot: Progressive jackpot slot 
  • Game provider: NetEnt 
  • RTP: 96% 

Arabian Nights 

Take a trip to the Middle East with the Arabian Nights online jackpot slot. This game provides ten lines and five reels. Spin five sultans on a single pay line to win big! 

  • Type of jackpot: Progressive jackpot slot 
  • Game provider: NetEnt 
  • RTP: 95.6% 

Joker Millions 

This game is littered with jokers and features a classic slot machine look. Players love this jackpot slot for its exciting features like freeze and re-spin and column multiplier. Want to win big? Just collect all 15 jokers during a jackpot spin to hit the big money! 

  • Type of jackpot: Progressive jackpot slot 
  • Game provider: Yggdrasil Gaming 
  • RTP: 95.30% 

Empire Fortune 

This jackpot slot offers the chance to win free spins, small wins, and huge prizes! If you love great graphics, this is the slot for you. This game provides an elegant aesthetic and lots of fun features, including a jackpot wheel and free spin mode. 

  • Type of jackpot: Progressive jackpot slot 
  • Game provider: Yggdrasil Gaming 
  • RTP: 94.3% 

FAQs

What are jackpot slots?

Jackpot slots are casino games that allow players to spin and win large jackpots. There are several types of online jackpot slots. This includes progressive, fixed, daily, local and network jackpots.  

The most common type of jackpot slot is a progressive jackpot slot. 

What are progressive jackpot slots?

Progressive jackpot slots are slots that offer jackpots that are continuously growing. The more people who play a progressive jackpot slot, the larger the jackpot gets. Once the jackpot is won, the prize resets.

How do progressive jackpots work?

Progressive jackpots work like this - money is pooled from lost bets to create one large jackpot. Because the jackpot continues to grow as more people play the game, progressive jackpots can turn lucky players into multimillionaires!  

When the winning combination is spun, the jackpot is won. Once the jackpot is won, the prize amount is reset to its baseline. The prize starts to build again as more and more gamblers play the slot. 

Are online jackpot slots available in Canada?

Yes, online jackpot slots are available in Canada. There are many great online casinos that offer progressive and fixed online jackpot slots.  

Some of our favourite Canadian-friendly online jackpot slots include Mega Moolah, Mega Fortune, Arabian Nights, Joker Millions, Empire Fortune, Book of Dead, and Fruit Fiesta. 

Thomas Brown

Thomas Brown

Thomas is responsible for all content on BettingGuide Canada. With his extensive knowledge of the gambling industry and college degree in law, he knows what you should look out for when choosing the best casino or sportsbook.

Last updated: 9/28/2021