Progressive jackpot games are some of the most popular, both online and at land-based casinos. What sets these apart from regular games is the possibility of the player walking away with a major win from a 'pot' of funds that builds up over time.

Check what are odds of hitting progressive jackpot on slot machines, video poker or bingo. ✰ Read about strategies and start winning.

This pot is created as a small portion, usually around 1- 2%, of all the money staked on the game is set aside for one player to scoop. For some time, it has been possible to link machines together, first at bricks and mortar casinos, and more recently at online casinos.

As there are now so many online casinos, with thousands, or hundreds of thousands of people playing the same progressive games, these jackpots can climb very quickly, to massive amounts. To check out many of the top slots games, visit the Progressive Jackpots site, which not only details what games are available, but also the current jackpot levels, where to find them, and how to claim exclusive bonus deals from the casinos that feature these exciting games.

But what are the odds of hitting a jackpot on a slot machine, Video Poker game, or even Bingo? Are they statistically worth playing, and will you still enjoy the games even if you don't come away significantly richer?

Slot machine progressive jackpot odds

The biggest online jackpots come from slot machines. Games like Mega Fortune, Mega Moolah and The Dark Knight Rises have made people millionaires in just a few seconds of play, and there are many others that carry jackpots worth more than enough to buy houses, cars, holidays or every other luxury imaginable.

To work out the actual odds of hitting the progressive jackpot prize, you need to look at how many reels the machine in question has, and how many symbols are on that reel. You also need to consider how the jackpot payout is triggered, as all of these variables will be different across the many progressive games online.

As an example, imagine a slot that has 5 reels, and each reel has 20 symbols across it, with one being a jackpot symbol. If the progressive prize is won by lining up the jackpot symbols across a payline, the actual odds of winning progressive jackpot on it are 20 X 20 X 20 X 20 X 20 which equals a 1 in 3,200,000 chance of the symbols lining up in your favour.

However, you are just one of many players, and it could be that your next spin is the one that triggers that huge prize payout. This is just an imaginary game however, and in reality the chances of winning progressive jackpot prize can be higher or lower.

Bear in mind that games pay out a percentage to the players, usually between 90 - 97% of the amount paid in, so the progressive jackpot odds are actually slightly lower than this. Known as the Return To Player, or RTP, the remaining percentage is the House Edge, or what the casino earns. Although games can be carried across many casinos, the pot is held by, and paid by, the developer, as it would be unfair for the casino whose customer hit the jackpot to have to pay out all of the prize.

Slots that have massive jackpots, like The Dark Knight Rises will have lots of people playing them at any one time, across multiple online casinos. This means that although just a tiny bit of each wager is going towards the jackpot prize, it still grows very quickly, and the jackpot is frequently hit. The game developers make sure that even if you don't win the jackpot, there is still plenty to entertain you, so many of these games have bonus rounds, free spins, multiplier prizes and so on.

Other games like Bingo and Video Poker can often be found with progressive jackpots. For Bingo games, players typically win the major prize if they get a Full House within a certain number of calls.

Video Poker progressive jackpots tend to be hit with a Royal Flush, where the cards are the 10, J, Q, K and A from one suit, which occurs on average once every 650,000 hands. Because this is more frequent, the prizes can be somewhat lower, but still life-changing, and again the actual odds can vary from machine to machine.

Whether you like the slots, Bingo, Video Poker or all games, you can review the biggest and best ones at Progressive Jackpots, where current jackpot values, biggest wins, where to find the games and how to claim the biggest welcome bonuses can all be found.

Home > Casino Game Odds > Slot Machines

Learn about the odds and probabilities of slot machines, including how slots payouts work at land casinos and also at online casinos.

Article Highlights:

Introduction Slot Payouts at Land Casinos Slot Payouts at Online Casinos

Introduction

Attempting to pinpoint the odds for slot machines is a daunting task. With such a variety of machines and games available, the odds can vary a great deal. Generally slots odds are expressed in the form of a payback percentage. The closer to 100%, the better for players. Some machines even pay back at percentages greater than 100%, giving the lucky players who find them a positive expectation for winning. These 'loose slots' are frequently mixed into the sea of machines on a casino gaming floor. For a while, casino operators placed the highest paying machines in high traffic areas like entrances, bars, and near lines for buffets or shows - basically any place a crowd of people was likely to be. The strategy behind the prominent placement of higher paying machines was that since they produced winners more frequently, they would also generate more interest from passers-by, making other players more likely to play at average or low paying machines.

It didn't take long for slots players to figure out this simple strategy, so casino managers shuffled things up a bit. Reverse methods were employed, putting low-paying machines in high traffic areas, and vice versa. These days, there really is no standard procedure for distributing the different pay level machines on a casino floor. Machines are mostly placed at random or in a secret arrangement that only the casino management and staff are privy to. The machines, themselves, still offer a mix of payout percentages with some high and the majority being low to average.

One popular guideline that is easy to follow is to try multiple machines until you find one that pays. Start with a nominal amount of money - such as 20 credits for a .25 or .50 credit machine - and see how it pays. If you are getting more back than you put in, you may have found a hot slot - or one set for higher payouts. Keep playing until it proves itself otherwise, and then try another machine. If the slot you picked is paying out next to nothing from the start, that could either be a cold machine or one set for lower payouts, which also means it's time to move on. There are many strategies slots players utilise, but a few rules of thumb will hold true regardless of where you play.

Average Slots Payout At Land Based Casinos

When playing slots games at land casinos, you will likely have machines that offer .01, .05, .25, 1, 5, and 100 credit betting denominations. How do you know which ones offer the best return rates? The highest denomination ones of course. Casinos generate more revenue by getting a large monetary turnover. Operators know that less overall money will go in and out of a .05 credit slot machine during the course of a day than will in a 1 credit machine. Because more money turns over in the higher-denomination machines, casinos can afford to offer higher return rates for players. Your bankroll may not be able to support playing a five-credit machine for several hours a day, but with a 98.4% payout, it offers significantly better odds than a .25 credit slot. To take it a step further, although you would have to be a high roller, the one hundred credit slots usually offer a near-100% return rate. Even though the machines don't see nearly as much action as the .25 and 1 credit slots, so much is at stake on a single spin that allows the casino to offer a near even money return.

So how much bankroll do you need to play different denominations of slot machines? Based on a three-coin maximum bet averaging ten spins per minute, and matched against the according payout rates, to play for an hour you would need:

• 6.75 credits to play the .05 credit slots
  
• 26.75 credits to play the .25 credit slots
  
• 74 credits to play the 1 credit slots
  
• 145 credits to play the 5 credit slots
  

Keep in mind that these bankroll figures are only estimates, based on the average payout across all slots. While playing, your actual return may vary a good bit from these numbers. To be conservative, you might try doubling the amounts listed above to ensure one hour's worth of play, if the length of your session is a concern. Lots of players have won giant jackpots with small bankrolls. In 2001, an Arizona businessman on holiday at Harrah's Las Vegas won the multi-million dollar Megabucks jackpot after investing only 22 dollars. The simplicity of the games, and the high win potential is a big part of what fuels the popularity of slot machines.

Average Slots Payout At Online Casinos

Like their land-based counterparts, online casinos are capable of producing large slots wins. Not only have the number of online slots choices matched - and sometimes even exceeded - the variety found in land casinos, but their payout rates tend to be even higher. Depending on the frequency and size of jackpots, online casinos may occasionally even top the 100% mark for overall slots payouts in a given month. While it holds true that players benefit from higher return rates, playing slots online also offers some conveniences over land based play (more on this topic at slots.info). Gone are the expenses and travel requirements of playing at a brick and mortar casino. Playing slots at home can also be much more informal. For example, a player can play in his or her pajamas, if they choose. For an idea of how well average online casino slot machines pay, the table below shows a recent ranking of top paying internet casinos for slots games:

The numbers on the chart above represent the top five online casinos in terms of slots payouts based upon an unbiased monthly audit by one of the largest international accounting firms for the most recent audit period. All of these casinos' slots games are tested using rigorous accounting standards to ensure fairness for players, and that the casinos are providing a consistently high rate of return.

If you'd like to try your luck playing slots online, browse our list of approved online casinos, which features a number of reputable establishments offering a large variety of slots.

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