Microgaming's Progressive Jackpots Paying More Often
Since they were first introduced, Microgaming’s popular progressive jackpot games have been making the news at regular intervals. In common with several others games that run on the Microgaming Progressive Jackpot Network, the world's biggest, Major Millions is known for large and frequent payouts.
This weekend saw another lucky player strike gold with a win of almost $300 000. Owing to the size of the network, news has not yet filtered through regarding the identity of the lucky punter or even the particular Microgaming casino at which he or she scored the latest jackpot win.
In 2002, it was the Major Millions progressive game that made the gambling headlines with the biggest ever recorded win at an online casino. The prize payout on that occasion was more than $1.5 million and, although it was a world record at the time, it was actually quite modest by today’s standards.
Following a period that gave rise to several seven figure payouts and the resulting huge increase in traffic, Major Millions not maintained its highest payout levels for the last few years. Despite this, however, it has still made a lot of punters very happy with numerous wins that have regularly exceeded the $800K level.
During the course of 2009, the size of payouts for the Major Millions game has, once more, tended to be lower with an average win of around $360K and a 12-month high of $563K. This has, in no way altered the payout ratios since the lower totals appear to have been compensated by more frequent wins.
This pattern of steadily declining jackpot amounts appears typical of progressive games, even among those operated by competing software companies. Mega Moolah followed a similar and even more dramatic downswing. Following three initial wins of $4 million, $5 million and $6 million about one year apart, its jackpot is now being struck far more frequently but payouts are most often just a little over the reset value of $1 000 000.
CashSplash, one of the oldest progressive games on the Microgaming Network, began as a 3-reeler with a full line bet of $1 x 3 per spin to scoop the jackpot. A video slot version was later released in parallel. In this version, the full bet is $0.20 x 15, which still amounts to a total of $3. Its jackpot was also won recently, paying our $37K, around average for the game currently.
Overall, the trend described is great news for punters. Whereas the chances of a mega payout for anyone patient enough to wait a year or more have diminished, players now have access to some very substantial payouts and on a far more regular basis.
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