History of Online Jackpots

Progressive jackpots are one of the biggest gambling inventions of the 21st century, but do people really win progressives and how much has really been paid out since the progressive jackpot was first invented?

One of the best online gaming software manufacturers is a company known as Microgaming. They have designed a number of progressive jackpots for online casinos and they also publish live information on the state of progressives.
With hundreds of online progressive jackpot competitions available, compared to the humble beginnings when just a few progressive jackpots were available, people are spoiled for choice when it comes to choosing a jackpot, never mind a game.

According to Microgaming, who currently offer 25 progressive prizes alone, over $280 million dollars has been handed out in grand prizes which has been split between 14 millionaires (and counting) and countless other jackpot winners.

Thanks to progressive jackpots, online casinos have seen a real boon in popularity. Given the possibilities of winning a huge windfall for simply playing video poker or online slots, some online gamers are now part of a community that play not only for enjoyment and a remote chance of winning, but for a real chance at a huge prize.

Different Types of Progressive Jackpots

Traditionally progressive jackpots were delivered in a variety of ways, with independent progressives, networked progressives and also inter-casino progressives. They all offered differing odds, payouts and to some degree or another they were all highly popular.

In the past at traditional casinos, progressive competitions were limited to slot machines. This meant that if you wanted a chance at winning the grand stake you had to play a game which had a very high house edge.

With the development of online gambling, this is no longer the case as players are now almost free to choose any one of a number of games that contribute to a grand progressive prize.

However, playing online has one major disadvantage which is that more people have access to the same competition. This means players have had to evolve and use smarter strategies to ensure that they can stay the pace for the best chance of winning.

Many looking to gain the most from progressive jackpots have adopted many of the strategies used by professional gamblers.

Using techniques such as advanced money management, which is a strategy in which players can limit losses, manage their bankroll and ensure survivability, jackpot players now have the capability to last long enough for the grand payout.

While the odds still remain very small for the progressive jackpot the sheer range of games that contribute to the prize has meant that jackpots are occurring much more rapidly online than in traditional gaming casinos.

The future looks set to take progressive jackpots even further. With advanced innovations and software just being released by the gaming sites, the next ten years of progressive gambling look set to be just as exciting as the past ten.