What Happens When You Win a Progressive Jackpot?
Winning a progressive jackpot is one of the best things that could happen to any player. Progressive jackpots are one of the biggest payouts you could ever receive from a casino and is right up there with lottery wins.
So, what happens when you win a progressive jackpot at a land based or online casino? Are there due processes to follow? How long till you get your payout? Let’s find out!
Winning a Progressive Jackpot
Progressive jackpots are triggered either at random, or for achieving a specific card or symbol on the reels. Jackpots are also not limited to pokie games. They are inherent in video poker and some card games as well.
The moment you’ve triggered the jackpot, your machine will light up and notify you of your luck. The amount you won is also be displayed on screen. Most casinos load the entire sum directly into your casino account immediately, while others may require further verification before they do. You should also notice the jackpot amount return to its base amount.
While this is happening, you may feel very overwhelmed and maybe be in disbelief. The first natural reaction by most players is to screengrab the notification if you are playing online. Or, to call a casino staff member to verify the win if you are at a land-based casino. Casino VIP managers or Casino Hosts are usually the one’s to verify such big wins and will even congratulate you.
Popular Progressive Jackpot Games
You may be eager to know which games offer the best jackpots and where to find them. Well, you have quite a few options when it comes to this. Here are some of the popular progressive jackpot titles found at both online and land-based casinos.
|Jackpot Cleopatra’s Gold
|Queen of the Pyramids
|Wheel of Fortune
|Stars and Stripes
How Progressive Jackpots Are Paid Out
So how do casinos pay jackpot winners? Most casinos prefer to deposit the amount into an actual bank account mainly due to the fact that it’s a big amount. Different casinos also have different payout structures. Some might be able to pay you the exact amount due to you while others are only able to pay you your winnings in installments. It all depends on the payout rules or policy for that specific casino.
The monthly or weekly payments option may not be ideal for many, so to avoid this kind of disappointment, be sure to read up on the terms and conditions listed for every casino. Your best bet is to play at a casino that doesn’t have any maximum cashout limits.
You may also have other alternatives, though. Microgaming jackpot titles are one of them. Microgaming has a rules that stipulate that any casino which chooses to include its games must be prepared to pay out the full jackpot amount as quickly and efficiently as possible. This is part of the Microgaming experience. IGT progressive jackpot games work the exact opposite. Should you win a progressive jackpot while playing a game produced by IGT you will have to settle for having your winnings paid pout annually.