The slot machines with the highest payout.
This type of slot machine has the highest payouts but watch out for the RTP (Return To Player)!
Slots with a progressive jackpot owe their recent popularity to the high payouts they issue.
The Guinness World Record for the highest winning ever won on a slot machine was hit by Mega Moolah, a progressive jackpot slot.
The jackpot was hit in the UK on Betway online casino in 2019 and the amount was €17,879,645.12.
Why are payouts so high?
These slot machines are all connected to create a huge online network.
Your bets, along with those from other players using the very same slot as you, increase the jackpot value.
Therefore, the more players a slot machine has, the higher the value of the jackpot will be.
How to win a Jackpot?
The jackpot is randomly won.
No matter what type of bet you placed.
You can even place a minimum bet and still win 1 million euros.
What’s the Return to Player?
Compared to other slot machine, jackpot slots have a higher volatility.
This means the Return to Player rate is lower if compared to other slots.
For the record-breaking slot Mega Moolah, the RTP is around 80%.
It still is a higher rate if compared to land-based slots, but players must be aware of this characteristic if they choose to go for a slot with a lower RTP.
The extremely appealing jackpot definitely is the main reason why the RTP value is so low.
Long story short, no one gives you anything for free!