Progressive jackpots came into the market back in the eighties in the hands of International Games Technology. This gaming software company is recognised as the biggest slot machines provider across the globe with more than one million titles in brick and mortar casinos and thousands of titles online. With the massive nature of the company, it is no surprise they looked to draw in more clients with massive winnings that stood in the millions of dollars. Hence, pooled jackpots were introduced where prizes were not definite and instead grew depending on how many punters were engaged in gameplay.
Today, billions have been collected in casino jackpot prizes in online and location-based casinos. Most of the winnings have been collected in slot games, considering they are the highest demanded on both platforms and have the most dedicated online bonuses such as Lucky Red Casino promotions. The highest win ever recorded was granted by the Mega Moolah Slot, which is a product of Microgaming. The payout was offered in January of 2013 to a UK man and stood at seventeen million, eight hundred and seventy-nine thousand, six hundred and forty-five dollars. The Mega Fortune Slot by NetEnt has also had its fair share in the spotlight with its highest win being eleven million, seven hundred thousand euros.
Considering big money offered in progressive jackpots, one can bring their dreams to life, even if they involve diving right back into the world of gambling. However, before getting back on the betting track to test lady luck again, it recommended that one:
- Hire a team of experts in the legal, finance, and tax fields to understands what comes with having so much money and how to spend wisely.
- Clear all debts to avoid running out of the cash and still owing people or companies money.
- Invest in areas that are highly likely to generate more cash so that you can continuously make big bank without depending on a one-time payout. Players should note that if more money is flowing out than in, the wins are bound to run out at some point no matter how big they are.
- Purchase a house, car, or any other dream item one craves and has always demanded more than their pockets were carrying.
Once all these affairs are in order, one can proceed to look into ways that they can spend their pooled jackpot wins in gambling destinations. More details on how this can be achieved are touched on in this review:
Gamble Some More
Placing even more stakes in gaming entities is one of the obvious steps taken by most jackpot winners, and it is not that bad considering it granted the win in the first place. However, unlike the first time around where stakes might have been limited to small amounts, one can exploit high limit stakes that grant big payouts in return once winning chances come around. Some slot machine games are known to accommodate as much as five hundred dollars per spin. Gamblers looking to exploit even more significant stakes can try their hand in table games where stakes as high as five hundred thousand per round are accommodated. Stakes that big on a straight number in roulette leaves one with a chance to walk away with as much as seventeen million, five hundred thousand dollars.
There have been several cases in the past where progressive jackpot winners have collected even bigger wins in a similar pooled system thanks to their persistence after landing a massive payout. The most prominent incidence is that of a sixty-something-year-old woman who stumbled upon a six hundred and eighty thousand-dollar payouts on the Wheel of Fortune game in The Palace Station Hotel, Vegas. The lady decided not to go out and spend her fortune and instead began trying her luck in slot games. A couple of months later, she was the proud winner of the Megabucks jackpot that paid twenty-seven million dollars.
Gamble Responsibly Regardless
Even with payouts that amount to tens of millions, gamers should keep in mind that the cash can run out if one does not gamble responsibly. It is essential that one approaches the tables with a budget of the amount they are willing to lose comfortably without dipping into funds meant for other projects. Additionally, the stakes-placed should be reasonable, depending on the jackpot prize collected. For instance, placing stakes of two hundred and fifty thousand dollars on roulette tables using a million-dollar win will see one lose all their cash in four rounds if luck is not on their side. However, dedicating one hundred thousand to the tables with wagers of one thousand dollars gives players one hundred chances to exploit their luck and collect decent wins along the way.
One of the finest examples of jackpot winnings gone south due to irresponsible casino spending is that of Kerry Packer. This Australian billionaire was on one of his big-spending casino trips when he won big collects on blackjack and baccarat tables that amounted to between twenty and forty million dollars. The win was so big that he is said to have tipped his doorman as much as one million dollars. However, Kerry did not know to quit while he was ahead and suffered a massive loss of twenty-eight million dollars two years later while gambling in a casino in London.
Make the Experience Real
In the past two decades, the gambling niche has seen a massive shift from offline to online conduction of business. Therefore, most progressive jackpot wins are collected on the web. Even though brick and mortar casinos have been overtaken by their internet counterparts, they have yet to lose their majestic grandeur, especially those placed in the right cities.
With online progressive jackpot wins, players can up and plan a vacation to an actual brick and mortar casino where they can see all the action unfold right before their eyes. With a fat wallet backing their adventures, it is possible to explore even the most lavish of these destinations that offer much more than just a gambling experience. Some of these casinos include:
- Venetian Macao Resort Hotel Casino
Macau has quickly risen to become the biggest land-based gambling destination with its annual revenue beating that of Las Vegas three years in a row by more than three times. This gem in China cements its claim as the biggest land-based gambling destination by being home to the grandest casino in the world, the Venetian Macao Resort Hotel Casino. This establishment bears a lot of similarities to that of its Las Vegas counterpart but with an Asian cultural twist. Punters can enjoy more than two thousand slots and five hundred tables on its floors.
- Marina Bay Sands Casino
This gambling destination is regarded as the architectural gem of Singapore with a striking design to match the whopping costs used in its construction. The entity hosts two thousand, three hundred slots and five hundred tables.
Closing Thoughts
Progressive jackpot wins can change one’s life. Players that are lucky enough to collect them can truly free the explorer within them, even when heading back to online portfolios.
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