Cannot decide between a fixed vs progressive jackpot? The former has a fixed prize amount attached. Doesn’t matter how much the bet is on the game. Most slots and lotteries have always been such a type.
Things changed in 1986. It was when IGT released Megabucks, the first-ever slot game with an escalating prize. Here, the prize amount accumulates over time. Since then, progressive and fixed jackpots have existed side by side.
In this piece, we’ll compare both options. Then, you’ll get to know which is best suited for you.
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Fixed Jackpots
Overview
A fixed jackpot has a standard winnable amount. That does not change. Once a player wins the major prize, it resets to the fixed amount.
Common Types
There are several types of fixed jackpots. Some of them include:
- Daily fixed jackpot
In this type, the prize pot usually resets at a specified time daily. It indicates that players can potentially win a fixed prize within those 24 hours. That drives excitement in players who want to win within that time frame.
- Win-limited fixed jackpot
This system caps the number of times a prize can be won. And what if a specific number of players have won it? The jackpot becomes temporarily inaccessible.
- Local fixed jackpot
A local fixed jackpot is associated with a specific game or machine. Or, a network of machines within a particular casino. Fewer players competing for the grand prize means better odds for you!
- Fixed jackpot slot tournament
This often requires players to compete for the highest wins or greatest number of points. The winner gets the final fixed prize.
When selecting between progressive jackpot varieties, many experienced players check the ideal slot games for detailed information on payout histories and jackpot mechanics. These guides analyze win frequencies, average jackpot sizes, and contribution percentages across different games, helping players make informed decisions. Whether you’re interested in local progressives with better odds or massive wide-area jackpots, expert reviews and statistical breakdowns can significantly improve your jackpot hunting strategy.
Progressive Jackpots
Overview
A progressive jackpot increases daily, weekly, monthly, and even yearly, depending on the rules laid down. In every case, each player’s bet goes to the total cash to be marketed out.
Now, to those coveted wins. Back in 1987, the first major prize was won. The lucky first winner received a whopping $5 million in Megabucks.
How about modern titles? Mega Moolah’s grand prize was won by a British man in 2015. That winner was awarded €17.9 million. Over the decades, several players have bagged millions in coveted prizes.
Common Types
Some of the types of climbing jackpots include:
- Local progressive jackpot
This type is associated with a particular slot game in one or more casinos. The number of participating players is often on the lower side.
- Wide-area progressive jackpot
A wide-area option usually connects numerous betting platforms in various cities or countries. The prize can easily become a large amount.
- Standalone progressive jackpot
This one is connected to a single game. People believe that when one wins the prize, the prize pot will start building up again. Take Mega Fortune. This game can attribute its existence to the standalone games with climbing prizes.
- Seeded progressive jackpot
A seeded type begins with the game provider putting aside a certain amount. With each wager made, the amount offered as the reward increases.
Differences Between Two Types
The table below gives a good summary of the difference between the two types of games with an escalating prize.
| Fixed | Progressive |
| Players can win the prize at any time if they meet the necessary conditions, indicating a high win frequency. | The win frequency is lower because of the large prize and player pool. |
| In most cases, the player’s bet doesn’t contribute to the jackpot. | A fraction of every player’s bet contributes to the progressive jackpot. |
| Usually restricted to a single game in one casino | Typically one or more games across a network of casinos in a large geographic area. |
Examples include:
|
Some popular progressive jackpot games are
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| Smaller prize amounts in the range of hundreds to thousands of dollars. | Usually reaches as high as millions of dollars. |
Examples include:
- Book of Dead
- Starburst
- Thunderstruck
Some popular progressive jackpot games are
- Mega Moolah
- Halls of Gods
- Mega Fortune
Smaller prize amounts in the range of hundreds to thousands of dollars. Usually reaches as high as millions of dollars.
Final Thoughts
There is no better choice between a progressive and a fixed jackpot since each has merits and demerits. Games with a preset prize pool are ideal if you like more chances to win smaller amounts but with less risk.
Progressive plays are for those who love large bets with long breaks and, as a result, have low chances of winning real money. You never know; you might be the lucky winner of unimaginable cash. Regardless of your decision, make sure it is fun for you.