A progressive jackpot, also known as a non-game bonus, is a jackpot that increases every time the game is played, but no matter how the jackpot prize is won. When the jackpot prize is won, then the jackpot prize for the following play is set to a certain amount and then resumes growing under the same rules as when the jackpot prize was won. If a player wins multiple jackpots during a single day, then the total prize won throughout the course of a year becomes known as a stacked jackpot, or grand jackpot.
The first question most people ask about is what constitutes a progressive jackpot. In most casinos, a progressive jackpot occurs when a bonus is offered with a base prize worth X dollars. If you win a bonus worth this much money, you have walked away with a pre-determined amount of money called the “base prize”. If you then play more games and win even more, the money in the jackpot will continue to increase without any interference from taxes or normal-sized earnings. It’s important to note that this is different than a non Progressive jackpot; when a non Progressive jackpot occurs, the prize money in the jackpot prize is divided up between all of the winners in a single game, not among jackpot winners in consecutive games.
The only way to keep the jackpot prize from increasing past its value is to play more games. In some states, there are limitations placed on how much money can be taken from the jackpot. Most of these restrictions are in place to prevent the amount of money that can be taken from the jackpot from increasing past reasonable limits. In some cases, if a person wins a jackpot they may be banned from playing again in that state if they win an equal or greater prize the second time around.
There are many different methods to win the larger jackpots, but in most states if the max amount of money awarded is reached, that jackpot will be tripled in value. Sometimes, there are progressive jackpots that run for a specific amount of time, then will halve in value until they are completed. Other jackpots have a time limit and will only change based on how long they are left.
You need to know when the best times to play are. Most casinos don’t give out their jackpots until a specified number of players have actually won them. If you wait too long, your chances of winning a big jackpot decrease. If you win right before the cut off time, your chances of doubling your money increase, but since the odds of winning are pretty slim you’ll likely just walk away with a small amount. In some states, there are laws stating that all winning tickets have to be shared, meaning that one person doesn’t get all of the money.
You can find out which games have the most jackpots at the casino. If you ask a dealer, they’ll tell you. The Internet also contains plenty of information on these sites. It’s also a good idea to play a lot of games and play at different times, taking notes and keeping track of your winnings. This will allow you to compare your winnings over time to determine which games have the biggest jackpots.
