How Often Do Progressive Slots Payout?

If you’re a fan of online slots, you’ve probably come across the term “progressive slots”. These are games that offer a jackpot that increases every time someone plays the game. The allure of progressive slots is that the jackpot can continue to grow until someone hits it, potentially resulting in life-changing payouts.

But how often do progressive slots actually payout? The answer isn’t straightforward, as it depends on several factors.

Firstly, it’s important to understand that there are different types of progressive slots. Some games have standalone jackpots, which means that the jackpot only grows when people play that specific game.

Other games have networked jackpots, where multiple games contribute to the same jackpot pool. Networked jackpots tend to offer larger payouts but are also harder to win.

In terms of frequency of payouts, standalone progressive slots tend to payout more often than networked ones. This is because there are fewer players contributing to the jackpot pool, so it’s easier for someone to hit the jackpot. However, standalone progressive slots also tend to offer smaller payouts compared to networked ones.

Networked progressive slots can take longer to payout due to the larger pool size and more players contributing to it. However, when they do payout, they can offer life-changing sums of money. For example, Mega Moolah – one of the most popular networked progressive slots – has paid out over $1 billion since its launch in 2006.

Another factor influencing how often progressive slots payout is variance. Variance refers to how often and how much a slot machine pays out over time.

High variance games payout less frequently but offer larger payouts when they do hit. Low variance games pay out more frequently but offer smaller payouts.

Progressive slots tend to have high variance due to their large jackpots. This means that while payouts may not happen as often as with non-progressive slots, when they do happen they can be life-changing. It’s important to keep this in mind when playing progressive slots, as you may need to budget accordingly if you want to chase the jackpot.

In conclusion, how often progressive slots payout depends on several factors such as the type of jackpot, network size, and variance. Standalone progressive slots tend to payout more frequently but offer smaller payouts, while networked ones can take longer to payout but offer larger sums of money. When it comes to playing progressive slots, it’s important to remember that they are high variance games and budget accordingly.