Jackpot (Progressive)
A type of jackpot that increases in value every time the game is played but the jackpot is not won. It is typically linked across a network of multiple casinos.
A Progressive Jackpot is a prize pool that grows over time. A small fraction of every wager made on the game, by any player at any casino in the network, is added to the central jackpot fund. This allows the prize to grow to life-changing sums, often reaching millions of pounds.
The jackpot continues to grow until it is won by one player, at which point it “resets” to a predetermined seed amount and begins to accumulate again. This differs from a “fixed” jackpot, which has a static maximum payout.
Formulas and examples
How it works:<br>1. A "seed" amount is set (e.g., £1 million).<br>2. A small % of every bet from all players is added to the pot.<br>3. One player wins the entire pot.<br>4. The jackpot resets to the seed amount.