Connect with us

Also Interesting

What Are Casino Jackpots and How do They Work?

Published

5 minute read

Casino games have become more popular than ever thanks to online gaming, which allows you to sign in and start playing no matter where you are. With a huge range of games to enjoy, plus lots of exciting bonus offers, it’s little wonder to see that so many people across Canada are signing up to play. Among the most popular games available are jackpot slots, which combine simple and fun gameplay with huge potential prizes.

Just the word jackpot is enough to make a lot of casino player’s heart race, with the expectation of those big paydays creating an unmatched feeling of excitement. Both physical casinos and internet casinos provide a wide variety of thrilling jackpot games, and they all work in more or less the same way.

What Are Jackpot Slots?

Jackpot slots are much like regular slots, only the potential prizes are even bigger. A jackpot is simply a massive payout that is unlocked by completing a certain condition. The game is played as normal, where you place a wager and then spin the reels to land wins by matching symbols. However, as you play there’s always a chance that you can land the big prize if you’re lucky enough.

Just like regular slots, there are loads of different types of games to play, and all of them are incredibly easy to get into. Based on current trends, a growing number of people play these games on mobile, and there aren’t any complicated rules to understand.

How Do Jackpot Slots Work?

All modern slots work using software that randomly generates numbers each time you press the spin button or pull the lever. The numbers generated will determine which symbols show on the reels, and whether or not you win.

Depending on the type of jackpot slot you’re playing, the jackpot could be fixed or part of a progressive network. Fixed jackpots remain the same amount, based on your stake. So a typical jackpot might be 10,000x your stake, meaning it would be worth $100,000 if you bet $10 on each spin.

On the other hand, progressive jackpots slowly increase in size as you play, and a small part of your wager is added to the jackpot each time. Not only that, but the bets from other players are added too, so it can quickly grow if it’s a popular game.

Most jackpot slots feature a bonus round where lucky players can potentially win the big prize through collecting special symbols or hitting a certain combination. The rules differ depending on the game you’re playing, but it’s always decided by a random chance thanks to the software.

Jackpot slots and other slot machines have their random number generator software tested their return to player (RTP) rate calculated. This is a theoretical percentage of how much money you can hope to win back when playing the slot for an infinite amount of time.

Generally, jackpot slots have a lower RTP rate, which is made up by the fact that the prizes are so much bigger.

Daily Jackpots

While progressive jackpots are a lot of fun to play, there’s no way of knowing when the jackpot will actually drop. Players could be waiting weeks or even months before the prize is won, and while this means a bigger payout, it can be frustrating.

Daily jackpots offer a different way to play, with casinos advertising these games in their main lobby. Each of these games features a jackpot which must be won every single day, no exceptions. The software is programmed to award one random winner within each 24 time period, so you know they’re always going to be won

 

Todayville Content Team works with a wide variety of clients to develop compelling content solutions. Our experienced team develops strategic campaigns that use video and storytelling, digital advertising and social media to help our clients position and distinguish themselves in the market.

Follow Author

More from this author

Also Interesting

The bizarre story of Taro Tsujimoto

Published on

The National Hockey League (NHL) has seen its fair share of strange moments, but few compare to the bizarre and hilarious tale of Taro Tsujimoto, a player who never existed. His “selection” in the 1974 NHL Draft remains one of the most legendary pranks in hockey history. If you want to wager on actual players, making the 1xBet app download is definitely a great idea.

In the 1970s, the NHL Draft was a much less glamorous event than today. It was a tedious process conducted over the phone, with teams calling in their picks. The 3 biggest highlights of what happened during that year’s draft were:

  • the draft dragged on for hours;
  • there were multiple rounds and teams selecting unknown prospects from obscure leagues;
  • frustrated with the monotony, Buffalo Sabres general manager Punch Imlach decided to have a little fun.

As the 11th round approached, Imlach instructed his team’s representative to draft Taro Tsujimoto, a supposed forward from the Tokyo Katanas of the Japan Ice Hockey League. The name sounded authentic enough. The league officials, unfamiliar with Japanese hockey, accepted the pick without question. By downloading the 1xBet app you will also be able to wager on great NHL teams too.

A small problem

There was a small problem with all of this, as 2 things didn’t exist: Tsujimoto and the Tokyo Katanas. Imlach had completely fabricated the player as a joke, taking advantage of the NHL’s lack of verification. When it comes to NHL wagers, there is no better platform than the 1xBet Canada site.

For weeks, the league listed Tsujimoto as an official draft pick, and even some newspapers reported on Buffalo’s mysterious new Japanese prospect. Eventually, the Sabres admitted the hoax, and the NHL was forced to retroactively erase the selection from its records.

Despite being a fictional player, Taro Tsujimoto took on a life of his own. Buffalo Sabres fans embraced the prank, and over the years, his name has become a cult legend in hockey culture. Some fans even wore jerseys with “Tsujimoto” on the back. The joke persisted so much that when EA Sports released NHL video games, players could occasionally find Tsujimoto in the game’s draft pool as a hidden Easter egg.

More than just a prank, the story of Taro Tsujimoto highlights 2 things: the quirks of old-school sports management and the creativity of one of hockey’s most colorful executives. Today, with the draft process being highly scrutinized and broadcast live, such a prank would be impossible. But Tsujimoto’s legacy lives on as one of hockey’s greatest inside jokes. What is not a joke are the great rewards that a platform like the Canadian 1xBet site can give you.

Continue Reading

Also Interesting

60% of Canadians gamble each month – why the industry is going from strength to strength

Published on

When it comes to regulating gambling, Canada has a somewhat relaxed approach. The Canadian Gaming Association oversees the industry, but it’s up to individual provinces to enact and enforce any laws relating to online casino gaming, sports betting, traditional casino gaming, and other forms of gambling.

Canada’s online casino gaming laws are not totally clear, but individual provinces are starting to put this right. Ontario was the first and did so when it launched its own regulated igaming market in April 2022. Now some other provinces have followed suit, creating a safer igaming environment for players in those provinces. Below is a look at gambling in Canada compared to other parts of the world, at gaming laws in Alberta compared to other provinces, and at the future of the Canadian, US, and UK gambling industries.

Canada: a forever love of gambling

Gambling in some form or other has always been popular in Canada. Way back in the 1990s, research found six in ten Canadians (60%) gambled every month. Additionally, four in ten (43%) spent between 1 and 20 Canadian dollars on gambling. Fast forward to today and the Canadian gambling market is worth 14.2 billion US dollars as of January 2024, according to data on the website of consumer and market data company Statista.

It seems Canada enjoys wagering just as much as two other countries that love a gamble: the US and the UK. Data on the Statista website shows that 49% of US adults took part in gambling activities in 2023. Fifty-six percent said their attitude towards gambling had relaxed, compared to the 50% of 2019.

The UK returned similar stats for the same year. Forty-eight percent of adults reported engaging in gambling activity. Online casinos generated the most gross gambling yield in 2023, but it was the nation’s National Lottery that people played the most.

 

Alberta: following Ontario’s lead

The regulatory developments in Ontario have triggered movement in Alberta. In May 2024, Bill 16, the Red Tape Reduction Amendment Act, made it through the process and later received Royal Assent to become law. The act removes the monopoly of gaming by a single government entity and will allow private operators, licensed by Alberta’s provincial regulator, to provide online gaming services in Alberta, meaning players will have a choice of more than one Alberta online casino to play at.

The regulation transforms Alberta into one of the more liberal provinces when it comes to online gambling, others being Quebec, Ontario, and British Columbia.

Several provinces, such as Novia Scotia and Northwest Territories, have no provincially regulated online gaming sites. Some also restrict betting on horse racing and/or other types of sports betting, obliging citizens to use international betting sites for freedom from caps and betting on as many events as they wish.

What lies ahead for the Canadian, US, and UK gambling industries?

Canada’s appetite for gambling is clear, and the industry’s online sector is beginning to thrive. Ontario has enjoyed vast success by creating its own regulated market, one which, in just its first year, saw Canadians place billions in wagers and the industry itself generate more than a billion in total gaming revenue.

Canada can expect to see other provinces follow Ontario’s lead and allow private operators to provide services in the province under license. The purpose of the regulation is player protection. Any province that develops a regulated market will focus on this, so there will also be regulations around the advertising of gambling services.

The US

Gambling online is the future for the US, too, although states are slow to legalize it. As of September 2024, 38 states had legalized sports betting, following the US Supreme Court’s ruling that states could regulate sports gambling directly.

Despite allowing sports betting, some states only permit in-person betting, and only a few states allow online casino gaming. Operators believe online casino gaming is the future of gambling.

The UK

In the UK, the use of artificial intelligence (AI) will get bigger and bigger. Companies have realized AI can enhance players’ experience and are embracing it more and more. For instance, sports betting websites can use it to crunch data and provide iGamers with stats and other data to make better betting decisions. They’re also understanding they can use AI to prioritize content players are likely to be interested in and to personalize their offerings and services to players’ preferences.

Canada enjoys gambling as much as America and the UK. Although laws around igaming are more of a grey area in Canada, some provinces are clearing the issue up by creating regulated markets and experiencing great success. As time goes by, more are sure to follow.

Continue Reading

Trending

X