Progressive jackpots are the ones that usually offer the biggest payouts of all so it is no wonder that these types of games keep growing in popularity.
Progressive jackpots work by taking a portion of each bet, that way contributing to funding the total jackpot prize, meaning the money that will be rewarded to the player who hits the jackpot.
With this type of jackpot, players from all over the world who play the same jackpot slot contribute to the prize, which means that the prize increases very quickly.
The only downside with a progressive jackpot is the fact that the probability of hitting one is lower, when compared to fixed jackpots. The number of players playing the same slot all over the world is significant, which means there is a lower chance that you will win a jackpot, because the competition is much higher.
When the lucky player triggers the jackpot prize through a random spin or special casino bonus feature, he receives the prize and the progressive jackpot resets to zero and starts collecting money from each bet all over again.
As progressive jackpots take a portion of every bet and win, it is worth mentioning that the rewards of winning bets will be smaller compared to traditional slot machines. For this reason, progressive slots have a lower RTP percentage than other online slots.