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Progressive Jackpot Slots Guide

Progressive slots are the types of slots you dream about hitting — you put in a $10 bet and can walk away with $1M or more.

In 2020, Borgata casino and BetMGM casino were running a collaborative progressive jackpot on a slot series called The Big One which included several popular New Jersey slots. In July 2020, one woman from New Jersey ended up hitting the progressive jackpot and walked away with a record-high $3.2 million.

While not every progressive jackpot slot hits record high levels, the allure of the progressive jackpot is the concept of a compounding jackpot. Standard slot games have fixed payouts, but progressive slots can reach life-changing numbers.

This guide on progressive jackpot slots will explain what a progressive jackpot is and how these slots are different from your typical slot game.

Progressive jackpot slots

Best Overall New Jersey Casinos for Online Slots

If you’re looking for the best online casino for progressive jackpot slots, consider playing at some of the best online casinos in New Jersey.

Promotions
rating

Rating

ABV 100

ABV

This is the most important number! Casino bonuses are hard to understand. We have done the math and calculated how much money you get extra on a $100 deposit, after bonus terms and wagering. We call it Actual Bonus Value (ABV 100) to make it easy for you to compare. The higher number, the more generous bonus.

Type of bonus

Type

Bonus code

Code

Max bonus

Max

Wagering

Wag.

Extra bonus

Extra

Min deposit

Min

Expiry time

Exp.

Free bonus

Free

A free bonus is given on registration and needs no deposit. For more info about the free bonus, read the casino review

Launch date

Launch

Full review

Rev.

#1 out of 24 NJ casinos

$98.36

This is the most important number! Casino bonuses are hard to understand. We have done the math and calculated how much money you get extra on a $100 deposit, after bonus terms and wagering. We call it Actual Bonus Value (ABV 100) to make it easy for you to compare. The higher number, the more generous bonus.

100% match + $25 free

$25 FREEPLAY® received from this promotion is available at BetMGM Casino only and cannot be used on Jackpot Slots, Poker, or Sports

Not required

$300

5x

$10

14 days

Players has fourteen (14) days following qualifying deposit to complete FREEPLAY® wagering requirements on FREEPLAY®

25

August 2017

Harrah’s

Collect Bonus

#2 out of 24 NJ casinos

$100.19

This is the most important number! Casino bonuses are hard to understand. We have done the math and calculated how much money you get extra on a $100 deposit, after bonus terms and wagering. We call it Actual Bonus Value (ABV 100) to make it easy for you to compare. The higher number, the more generous bonus.

100% match

Get $10 free to start playing your favourite casino games including slots, blackjack, roulette and more

Not required

$300

5x

$10

7 days

10

November 2013

#3 out of 24 NJ casinos

$91.51

This is the most important number! Casino bonuses are hard to understand. We have done the math and calculated how much money you get extra on a $100 deposit, after bonus terms and wagering. We call it Actual Bonus Value (ABV 100) to make it easy for you to compare. The higher number, the more generous bonus.

100% match + $10 free

Not required

$1000

5x

$10

7 days

Players have 7 days to satisfy the Wagering Requirements from the day the bonus funds are awarded

10

November 2013

#4 out of 24 NJ casinos

$93.46

This is the most important number! Casino bonuses are hard to understand. We have done the math and calculated how much money you get extra on a $100 deposit, after bonus terms and wagering. We call it Actual Bonus Value (ABV 100) to make it easy for you to compare. The higher number, the more generous bonus.

100% match + $20 free

Casino online, no jackpot slots, no sports, no poker, no bingo

Not Required

$1000

15x

$10

30 days

$20 Bonus Dollars will be available on Borgata Casino account for three (3) days after completion of new account registration

20

November 2013

#5 out of 24 NJ casinos

$70.15

This is the most important number! Casino bonuses are hard to understand. We have done the math and calculated how much money you get extra on a $100 deposit, after bonus terms and wagering. We call it Actual Bonus Value (ABV 100) to make it easy for you to compare. The higher number, the more generous bonus.

100% match + $10 free

UBCASINO500

$500

25x

$10

30 days

10

July 2019

SugarHouse

Collect Bonus

#6 out of 24 NJ casinos

$99.50

This is the most important number! Casino bonuses are hard to understand. We have done the math and calculated how much money you get extra on a $100 deposit, after bonus terms and wagering. We call it Actual Bonus Value (ABV 100) to make it easy for you to compare. The higher number, the more generous bonus.

100% match

250MATCH

$250

1x

$10

30 days

September 2016

Golden Nugget

Collect Bonus

#7 out of 24 NJ casinos

$81.59

This is the most important number! Casino bonuses are hard to understand. We have done the math and calculated how much money you get extra on a $100 deposit, after bonus terms and wagering. We call it Actual Bonus Value (ABV 100) to make it easy for you to compare. The higher number, the more generous bonus.

100% Match + 200 Free Spins

100% Match bonus + 200 Free Spins on 88 Fortunes Megaways

Not required

$1000

20x

$30

30 days

100% Match bonus – Players are eligible for this welcome offer once within 30 days of a successful first deposit.

December 2013

#8 out of 24 NJ casinos

$62.07

This is the most important number! Casino bonuses are hard to understand. We have done the math and calculated how much money you get extra on a $100 deposit, after bonus terms and wagering. We call it Actual Bonus Value (ABV 100) to make it easy for you to compare. The higher number, the more generous bonus.

100% match + $25 free

100% Match 1st Deposit Bonus and $25 No Deposit Bonus

Not Required

$500

20x

$10

15 days

25

July 2017

#9 out of 24 NJ casinos

$66.76

This is the most important number! Casino bonuses are hard to understand. We have done the math and calculated how much money you get extra on a $100 deposit, after bonus terms and wagering. We call it Actual Bonus Value (ABV 100) to make it easy for you to compare. The higher number, the more generous bonus.

100% match

CASINO500

$500

20x

$10

30 days

October 2019

#10 out of 24 NJ casinos

$65.46

This is the most important number! Casino bonuses are hard to understand. We have done the math and calculated how much money you get extra on a $100 deposit, after bonus terms and wagering. We call it Actual Bonus Value (ABV 100) to make it easy for you to compare. The higher number, the more generous bonus.

120% match

Not required

$500

30x

$20

First deposit only of $20 minimum

60 days

Bonus must be wagered 30 times within 60 days from granting

November 2013

Mohegan Sun

Collect Bonus

#11 out of 24 NJ casinos

$54.55

This is the most important number! Casino bonuses are hard to understand. We have done the math and calculated how much money you get extra on a $100 deposit, after bonus terms and wagering. We call it Actual Bonus Value (ABV 100) to make it easy for you to compare. The higher number, the more generous bonus.

100% match

To be eligible, you must be a MoheganSunCasino.com account holder with no prior deposits

MOHEGAN

$1000

30x

$10

30 days

July 2015

#12 out of 24 NJ casinos

$54.55

This is the most important number! Casino bonuses are hard to understand. We have done the math and calculated how much money you get extra on a $100 deposit, after bonus terms and wagering. We call it Actual Bonus Value (ABV 100) to make it easy for you to compare. The higher number, the more generous bonus.

100% match

1KFREE

$1000

30x

$10

30 days

February 2015

Tropicana

Collect Bonus

#13 out of 24 NJ casinos

$48.65

This is the most important number! Casino bonuses are hard to understand. We have done the math and calculated how much money you get extra on a $100 deposit, after bonus terms and wagering. We call it Actual Bonus Value (ABV 100) to make it easy for you to compare. The higher number, the more generous bonus.

Cashback

When you make your first deposit of not less than $10 in cash and place a first wager are eligible to receive either one of the following: (1) if their Net Loss exceeds 90% of their First Deposit at any time within seven (7) calendar days after placing the First Deposit and First Wager, the value of their First Deposit, up to a maximum of $100 in cash, or (2) if their Net Loss does not exceed 90% of their First Deposit after the conclusion of the seven (7) calendar days after placing the First Deposit and First Wager, the value of their Net Loss, up to a maximum of $100 in cash.

Not required

$100

1x

$10

A withdrawal of any kind from your account at any time prior to or during the 7 Day Period will automatically disqualify you from the Promotion.

7 days

November 2013

#14 out of 24 NJ casinos

$48.65

This is the most important number! Casino bonuses are hard to understand. We have done the math and calculated how much money you get extra on a $100 deposit, after bonus terms and wagering. We call it Actual Bonus Value (ABV 100) to make it easy for you to compare. The higher number, the more generous bonus.

Cashback

When you make your first deposit of not less than $10 in cash and place a first wager are eligible to receive either one of the following: (1) if their Net Loss exceeds 90% of their First Deposit at any time within seven (7) calendar days after placing the First Deposit and First Wager, the value of their First Deposit, up to a maximum of $100 in cash, or (2) if their Net Loss does not exceed 90% of their First Deposit after the conclusion of the seven (7) calendar days after placing the First Deposit and First Wager, the value of their Net Loss, up to a maximum of $100 in cash

Not required

$100

1x

$10

A withdrawal of any kind from your account at any time prior to or during the 7 Day Period will automatically disqualify you from the Promotion.

7 days

January 2014

#15 out of 24 NJ casinos

$47.53

This is the most important number! Casino bonuses are hard to understand. We have done the math and calculated how much money you get extra on a $100 deposit, after bonus terms and wagering. We call it Actual Bonus Value (ABV 100) to make it easy for you to compare. The higher number, the more generous bonus.

Cashback

Place your first wager on any one of Sponsor’s Casino offerings in order to trigger a 24 hour period beginning upon placing that first wager to place additional wagers, after which Sponsor will refund 100% of your net losses from such wagers incurred during such 24 hour period (the “Risk Free Period”), up to one thousand dollars ($1,000) in Casino Site Credit (“Promotion Bonus”)

Not required

$200

1x

$10

1 day

November 2013

Hard Rock

Collect Bonus

#16 out of 24 NJ casinos

$44.57

This is the most important number! Casino bonuses are hard to understand. We have done the math and calculated how much money you get extra on a $100 deposit, after bonus terms and wagering. We call it Actual Bonus Value (ABV 100) to make it easy for you to compare. The higher number, the more generous bonus.

100% match

When you make a first-time deposit, you will receive matching bonus funds in an amount equal to 100% of your first deposit, up to a maximum of $1,000

Not required

$1000

40x

$20

14 days

July 2018

#17 out of 24 NJ casinos

$44.57

This is the most important number! Casino bonuses are hard to understand. We have done the math and calculated how much money you get extra on a $100 deposit, after bonus terms and wagering. We call it Actual Bonus Value (ABV 100) to make it easy for you to compare. The higher number, the more generous bonus.

100% match

Make a qualifying deposit of $10 or more and claim the offer within 30 days of registering your account to qualify for a 100% matched amount in Bet Credits, up to a maximum of $500

Not required

$500

40x

$10

30 days

Your largest deposit/transfer (minimum $10) to Casino in the seven days prior to claiming the offer will qualify for a 100% matched bonus, up to a maximum of $1,000. This is your ‘qualifying deposit/transfer’.

August 2019

Ocean Resort

Collect Bonus

#18 out of 24 NJ casinos

$29.76

This is the most important number! Casino bonuses are hard to understand. We have done the math and calculated how much money you get extra on a $100 deposit, after bonus terms and wagering. We call it Actual Bonus Value (ABV 100) to make it easy for you to compare. The higher number, the more generous bonus.

100% match + $25 + 50 FS

Not required

$500

60x

$50

7 days

July 2018

William Hill

Collect Bonus

#19 out of 24 NJ casinos

$24.33

This is the most important number! Casino bonuses are hard to understand. We have done the math and calculated how much money you get extra on a $100 deposit, after bonus terms and wagering. We call it Actual Bonus Value (ABV 100) to make it easy for you to compare. The higher number, the more generous bonus.

Cashback

100% Cashback on your first deposit up to $50

Not Required

$50

2x

$10

5 days

September 2018

PokerStars

Collect Bonus

#20 out of 24 NJ casinos

$20.86

This is the most important number! Casino bonuses are hard to understand. We have done the math and calculated how much money you get extra on a $100 deposit, after bonus terms and wagering. We call it Actual Bonus Value (ABV 100) to make it easy for you to compare. The higher number, the more generous bonus.

100% match

Deposit $25 or more with the code ‘WELCOME1’ and you’ll get a 100% match deposit bonus up to $500. Claim a second match deposit bonus up to $500 & a Slots bonus . Next up, you’ll get a 100% match deposit bonus up to $500. On top of that, you’ll get a Mystery Chest containing a Slots bonus worth up to $500 that you can use to play any Slots. Just make a deposit of $25 or more with the code ‘WELCOME2’. Finally, make your third deposit of $25 or more using the code ‘WELCOME3’ to get another 100% match deposit bonus up to $500. Also, you’ll get another chance to open a Chest with another Slots bonus worth up to $500

WELCOME1

$500

80x

$25

28 days

To claim the second welcome bonus you must make this deposit within 14 days of your first qualifying deposit

March 2016

BetAmerica

Collect Bonus

#21 out of 24 NJ casinos

$16.69

This is the most important number! Casino bonuses are hard to understand. We have done the math and calculated how much money you get extra on a $100 deposit, after bonus terms and wagering. We call it Actual Bonus Value (ABV 100) to make it easy for you to compare. The higher number, the more generous bonus.

25% match

Register an account and enter code PLAY500 when making a deposit. Player will be awarded a 25% Deposit Match up to a max of $500 up to a max casino bonus of $500.

PLAY500

$500

20x

$10

7 days

Players will have 7 days to complete the rollover requirements before the bonus expires

February 2019

#22 out of 24 NJ casinos

N/A

N/A

For detailed explanation of wagering requirements, see Pala full review. Link below.

$10

November 2014

#23 out of 24 NJ casinos

N/A

N/A

-2x

$10

N/A days

November 2013

DraftKings

Collect Bonus

#24 out of 24 NJ casinos

N/A

N/A

For detailed explanation of wagering requirements, see DraftKings full review. Link below.

$10

N/A days

July 2018

Guide to Progressive Slots

Is it better to play progressive slots?

Playing progressive jackpot slots is the best way to hit the largest payout, even though the odds of hitting a progressive jackpot are not as good as other slots. Whether you’re playing in-person or at an online casino, you have several options for playing progressive jackpot slots.

Progressive slot machines have become immensely popular, making up about 30% of the slot offerings within a casino. These are the types of slots that gamblers dream about because just one lucky spin could change your whole life.

Let’s explore what progressive slots are and how they work. We’ll also discuss why casinos have such high-roller games and how you can do your best to try to win big yourself.

What Are Progressive Slots?

Plenty of slots out there have a set jackpot as their highest payout. Maybe it’s set at 2,000 credits, for example. Progressive slots, meanwhile, have jackpots that aren’t set at a fixed amount. A small portion of each wager is dedicated to “feed” the jackpot pool and help it grow. Think of progressive slots like a state lottery which has a jackpot that continues to grow as more people play and until someone wins.

If you’re playing in a live casino, the current amount of the progressive jackpot will be prominently displayed above the slots that contribute to that bank. For online slots, the game should display the amount above the middle reels for easy reference.

The progressive jackpot might be hit through a particular winning combination, in a bonus game, or even randomly across a specific sequence of slot symbols. Whichever player wins gets that full progressive jackpot amount, and then the jackpot resets and starts growing once more. In order to qualify for the progressive jackpot, you will need to meet the minimum requirements for that specific progressive slot which is often to bet the maximum amount for the slot game. If you fail to bet the maximum for the slot or do not meet other eligibility requirements, you will not win the progressive jackpot even if you hit the sequence needed.

Many progressives do have maximum amounts. Once a progressive has reached that cap, the jackpot won’t increase until someone wins.

There are three major types of progressive slots, and it’s important to know how each one works to know what sort of jackpot you could be looking at.

Standalone Progressives

This was the first type of progressive slot ever developed, when bets placed on only that machine fed into the growing jackpot. It’s harder to find this type of standalone progressive slot, but they do still exist and are in casinos around the world. Oftentimes, the jackpot for these will be under $10,000 — which is still nothing to sneeze at, of course.

Local Progressives

These types of progressive slots are really common. Here, multiple slots banked together within the same casino are linked to one another over an internal network, and every one of those slots contributes to the growing prize amount. Depending on the casino, this could involve a dozen machines all the way up to a hundred or more. These local progressive jackpots are usually under $100,000, but they can also go up to the $1 million range.

Wide Area Network Progressives

These are the big-money progressives and the most popular casino games available today. Here, the network links together slots from multiple casinos within the same jurisdiction, which allows the jackpot to grow to crazy amounts — often over $1 million and many times over $10 million. Many online progressive slots will be either a local progressive slot or a wide area network progressive slot.

Benefits of Progressive Slots for Casinos

If players can make so much money playing on progressive slots, then why do casinos offer so many of them?

Slots have a much higher house edge in general compared to your other games like craps (0.8%), blackjack (0.5%), or baccarat (1.06%). Now, plenty of slots players concern themselves with the return to player (RTP) percentage to try to get the most out of a slot, looking for slots with at least a 90% RTP.

But the flip side of that RTP is the house edge. A slot with an RTP of 90% means that 10% of your average spend goes straight to the casino. Even if you find a slot with a return to player (RTP) rate of 95%, that means the house edge is still 5%.

Think of a house edge this way: If you spend $100 on a game with a house edge of 5%, then you make back only $95 on average, giving the casino $5. Such a significant house edge depletes players’ bankrolls more quickly than with table games that have lower house edges.

Meanwhile, progressive slots might declare an average RTP or a percentage range, but that range is affected by the very nature of a progressive game.

First off, a percentage of each bet on a progressive slot gets diverted to the growing jackpot. That amount comes out of the payback rate. Also, a big chunk of the game’s stated RTP comes from the jackpot’s payout. If a progressive slot has a stated 95% RTP, then 5% of that number might come from the jackpot.

This means that RTPs on progressives are harder to calculate accurately, and so the casino makes a better profit off of them than they already do with slot machines that have a hard and set maximum payout.

Not to mention, progressive jackpot slots offer some of the best marketing opportunities for casinos. If a progressive jackpot reaches $1 million or more, the casino can use that to draw more players to the casino and the slot. Once someone wins, it provides PR on the backside in the form of a huge payout from that casino. In both cases, the casino can use the progressive jackpot to further its brand recognition.

Benefits of Progressive Slots for Players

Despite progressive slots having lower payout rates (frequency), people play progressive jackpot slots at alarmingly high rates. Why is that? Well, simply put — you can win substantially more in a single spin playing a progressive slot than any other casino game. With just one bet on a progressive jackpot slot, you could retire and walk away from your job. You could legit become a millionaire in a single spin on a progressive slot. No other casino game has the ceiling of a progressive slot.

In Vegas alone, you have three (3) of the top slot wins of all time on progressive jackpot slots. The highest jackpot being a $39 million prize from Megabucks at Excalibur Casino. That type of prize is what gamblers dream of when they go to sleep at night, and it’s the major reason people play progressive slots.

People love the thrill of trying to win that million-dollar jackpot. Wouldn’t you want to be among those elite winners, too?

Strategies for Progressive Slots

If you want to play progressive slots, then keep some small strategies in mind. You can’t magically increase your odds of winning, but you can make your attempts more worthwhile.

Always Make the Max Bet

Oftentimes, progressive slots will only let you win the giant jackpot if you’ve made the maximum bet. Check the paytable details before you play to be sure that this is the case. If you bet only 1 credit instead of the max 4 credits, you’re putting yourself in the position to win only a quarter of the jackpot (at best).

Establish and Stick to Your Budget

You should set aside a certain amount of money as your bankroll and not go beyond that. Remember that, since you’re doing max bets, you’re going to be going through your money more quickly than if you were just doing minimum bets. Don’t let the excitement make you blow through your budget while you’re chasing that gigantic payout.

Play When the Jackpot Has Gotten Huge

To maximize your potential payout, only play when the progressive jackpot has become massive. This way, you’re more likely to actually win back more than just your bankroll if you do hit the big winning combination, and you’re maximizing the credits you are playing.

Don’t Fall Into the Gambler’s Fallacy

Just remember not to fall into a trap and believe that a jackpot is “due” soon. Just like any other game of probability, the results are randomized, and each round is a reset from the previous one. Every spin has the exact same chance of hitting the jackpot as the previous spin and as the next spin.

Top Progressive Jackpots

By now, you have a good grasp on progressive slots and how to maximize your chances of winning a progressive jackpot. So, what are some of the biggest progressive jackpot slot wins of all time? Below are a few of the top progressive jackpot payouts of all time.

1. $39.7 Million – Megabucks – Excalibur Casino, Las Vegas

A software engineer hit a $39.7 million jackpot playing a Megabucks slot in Las Vegas. They are quoted saying that they “may have spent $100 before hitting the jackpot.” The Megabucks slot machine is only offered at land-based casinos, but this progressive jackpot slot has made more than 20 people millionaires with its jackpot alone.

2. $34.9 Million – Megabucks – Desert Inn Casino, Las Vegas

Well, wouldn’t you know — the second biggest progressive jackpot of all time is a Megabucks slot again. This time, the winner was a cocktail waitress who lost her first $35 betting $3 a spin (max bet). She almost left before deciding to give it a couple more tries. Thankfully, she did, and she ended up walking away with the $34.9 million jackpot.

3. $27.5 Million – Megabucks – Palace Station Resort, Las Vegas

If you’re starting to spot a trend, it’s that you should probably try a Megabucks progressive slot if you’re ever in Las Vegas. The 3rd largest progressive slot jackpot of all time went to a woman who wagered about $240 on the slot game before hitting the massive jackpot. She didn’t give up gambling after either, a few months later she won almost $700,000 on another progressive slot game at the same casino.

Read more of the biggest slot wins of all time.

 

Players Beware With Progressive Slots

Progressive jackpot slots are distinctly appealing because of their profit potential. The idea of winning $10,000, $100,000, or even $1 million with just one lucky spin of the reels is supremely seductive.

But anyone who wants to try their luck on a progressive slot should be aware of what’s behind that allure. Progressive slots come with a high house edge and a low likelihood of getting that giant jackpot. You also are going to be spending your money much more quickly on a progressive because you’re only eligible for that highest payout by making the maximum bet.

In the end, only you can determine if you want to embrace these risks and try for that progressive jackpot. If this still sounds like the game for you, be sure to read reviews of online casinos to find the best options out there. And, if you or someone you know is struggling with gambling addiction, please take steps to safeguard yourself and them.

Progressive Slots FAQ

You can play progressive slots anytime, and your odds of winning the jackpot will not change regardless. However, the best time to play progressive slots is once the progressive jackpot has it a high number. This won’t increase your odds of winning, but it does mean that if you do win — you win more.

The biggest slot win of all time is on a progressive slot game known as Megabucks. In fact, Megabucks has the top 3 largest slot payouts of all time with almost all of them reaching $30 million.

The biggest progressive slot jackpot win of all time was an anonymous player in Las Vegas who won $39.7 million playing Megabucks progressive jackpot slot. They are believed to have only bet around $100.

The took the payments across 25-years and won in 2003 which means they still have several years left of payout.

progressive jackpot accumulates by taking a small percent of all previous, losing wagers on the progressive slot. As the jackpot grows, it can reach incredibly large sums of money. Once a slot player wagers the required amount (usually the max bet) and lands on the necessary slot symbol sequence for the progressive jackpot bonus, they will trigger the win and the jackpot resets again.