Slots with jackpot prizes are famous for offering chances at potentially life-changing payouts. As recently as February 2025, players enjoying BetMGM Casino slots have risked a few dollars to win six-figure prizes. In 2024, there were even some historic seven-figure jackpot wins!
It’s natural to fantasize about what it would be like to have one of those moments for yourself. The indisputable fact is that the return on the stake for these winners is astronomical.
However, players must remember that for every person who has one of these thrilling moments, there are thousands of others who play hoping for the same experience but don’t get that result. These wins are extremely rare.
Yet, the old saying of “you can’t win if you don’t play” rings true. BetMGM offers these chances at massive jackpot slot wins every day.
How BetMGM Casino Slot Jackpots Work
In most online casinos, there are two overarching categories of jackpots for slot games. Those categories refer to the value structure of the jackpot.
Fixed jackpots have, as the name suggests, a fixed value. Landing the appropriate combination of symbols or an individual symbol translates to the same value in terms of payout each time for every player.
Many BetMGM slot games offer progressive jackpots, too. These jackpots have starting values, often called seed values, but grow from there.
There are several different structures for how those progressive jackpots grow and to what extent.
The Variety of Progressive Jackpot Configurations
In general, slots add value to progressive jackpots by taking a portion of each bet on the game to contribute to the jackpot’s value. The jackpot grows in value until it either hits a pre-fixed cap or someone wins it.
When a player hits a jackpot, it returns to the seed value and the process begins anew. There are some exceptions to these norms, though. Uncapped jackpots, which lack upward limits, exist. These jackpots continue to grow indefinitely until they are claimed.
Some slots require players to place a side bet to get access to chances at progressive jackpots. In these instances, all or most of that side bet value contributes to the worth of the jackpots.
There are also jackpots attached to more than one slot game. These games provide a great example of misconceptions that players may have about jackpot slots.
Myths About Slot Jackpots
If you talk to regular slot players, you’re bound to get a lot of different advice about how to go about trying for jackpot prizes in the games. There’s nothing wrong with having a system as long as it includes responsible gambling and observes that slots are games of chance.
However, many people have fallen victim to some errant beliefs about jackpots in their efforts to hit it big. Some common myths are:
The Bigger the Jackpot, the Longer the Odds
It is generally true in slot play that the more valuable payouts are rarer than those which are less valuable. However, this does not always mean that the odds of hitting a slot jackpot get less favorable to players as the value escalates.
Slots with progressive jackpots at BetMGM have fixed odds. That means your chances of hitting the jackpot are the same on each play, presuming the same bet amount, regardless of what level the jackpot is currently worth.
Progressive Jackpots are Always More Valuable than Fixed Jackpots
This is simply not true. Especially when progressive jackpots drop to their seed values, many of the fixed jackpots available in a lot of BetMGM slots are actually worth more than their progressive counterparts.
Players should refer to the pay tables for each game they are considering betting on to assess their chances. It’s good to keep in mind that in many slots, chances at the biggest payouts have higher betting minimums.
If a Progressive Jackpot Hasn’t Hit in a Long Time, It Must be Due Soon
Again, the chances of hitting a slot jackpot at BetMGM are the same on each play made at the same bet level, regardless of whether it has been an hour, a day, a week, a month, a year, etc. since the last time it was claimed. Each bet has an equal chance regardless of when it was placed or by whom.
That leads into another myth that players are “competing” with each other for progressive jackpot payouts. While it’s true that only one player can claim the prizes at a time, there is no competition because these jackpots are awarded randomly.
The odds of a progressive hitting are the same right after a reset as when it’s built up, so even if another player has just won a big progressive, your chances haven’t changed.
You’re Less Likely to Win a Progressive Jackpot if More People are Trying for It
This is a fundamental misunderstanding of how slots work. The random number generators that determine the results of slot plays remain constant whether one person or 1 million people are playing the game simultaneously.
It can be true that more people will play a slot when a jackpot gets especially large. However, that does not alter the odds of any single play hitting any prize.
BetMGM is the Destination for Players Seeking the Most Valuable Slot Jackpots
BetMGM not only encourages players to inform themselves about how slot jackpots work and verify the odds of hitting any of these prizes, but also offers thousands of chances to claim jackpot wins during slot play on a daily basis. BetMGM’s slots library is massive and many of these games contain a jackpot of some kind.
For example, the Rakin’ Bacon Odyssey slot at BetMGM has four levels of fixed jackpots, topping out at 2,840 times the value of your wager. Then there’s the exclusive Wheel of Fortune Triple Gold Gold Spin slot, which has a progressive jackpot that seeds at $1 million.
Of the over $128 million in progressive jackpot payouts that BetMGM granted in 2024, some of the biggest prizes came from slots that are part of BetMGM’s The Big One Progressive Slot Network. It’s another layer of excitement that BetMGM adds to slot play.
BetMGM’s The Big One Slots are the Utmost in Progressive Thrills
Players who are looking for the best progressive jackpot slots may want to consider the games that are part of BetMGM’s The Big One network because qualifying bets on each of the slots contribute to the jackpots’ values. For that reason, these jackpots can grow quickly.
Games in the network include:
- Bison Fury
- Loot’En Khamun and the Dead Sea Scrolls
- Mirage Mega Magma
Play of these titles has led to historic wins, like a $1 million jackpot hit from a 40-cent bet on Bison Fury in April 2024. When it comes to making history, BetMGM is unmatched.
As proof, a BetMGM player tried their luck at the Fruit Blaster slot in February 2024 and claimed what was at the time the largest progressive jackpot win in US online casino history at over $6.5 million. With a plan for responsible play and a good understanding of the odds, you can try your luck to join the winners of these rare prizes at BetMGM whenever you’re ready.
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