A growing number of Asian slot players have taken interest in online casinos supported by Microgaming, mainly because of the Mega Moolah Progressive Jackpot.
Only recently, while many took to online gambling as recreation during the COVID-19 lockdown period, the Mega Moolah progressive prize money was hit four times in a row in just a span of one month.
The first win occurred in April 05, which made a lucky Canadian richer by CA$16.4 million (US$12.2 million). A month later on May 08, 2020, a Mega Moolah slot player in New Zealand was able to activate the Progressive Jackpot Feature and won NZ$ 13.6 million (US$10.8 million). While the month of May was not yet over, another fortunate Canadian Mega Moolah slot player hit the jackpot, which as of May 24, 2020 stood at US$7.4 million, or an equivalent of CA $9.9 million.
Lightning didn’t just strike twice in the month of May, because right after the jackpot was replenished with the US$4 million seed money, another Canadian online slot player took home CA$4.4 million as mega Moolah prize money. Actually, the triple wins in May was an unprecedented event in Microgaming’s history of jackpot payouts. To date, this leading igaming company has shelled out over $1.1 billion in jackpot prizes for its progressive slot offerings.
Asians’ Search for an Online Casino with Mega Moolah Progressive Slot Ends Here
Although there are a number of online casinos operating in Indonesia, only a few offer Microgaming slots as content. One that we know of is VSLOTS88 (www.vslots88.com), an online casino licensed and regulated by the Philippine Amusement and Gaming Corporation (PAGCOR), whilst certified by BMM Testlab as compliant with regulatory and technical standards for online casino gaming.
A visit to the website will instantly give information about the current amount or Mega Jackpot at stake in online slots, which registered members can vie for online or by way of mobile gambling app.
What Makes Progressive Jackpot Slots Different from Regular Video Slots?
While some online slots may have jackpot features, the prize at stake is smaller because the money offered as jackpot prizes are fixed amounts. Some other video slots have progressive jackpot features but offered only by a certain online casino for its customers. These are known as local jackpots, which may also work toward increasing progressively but on a smaller scale.
Now the main difference that Progressive Jackpot Slots make is that they are run by the iGaming company that provides support to online casinos through its deployment of proprietary video slots. That being the case, the igaming company puts up a certain amount as seed money or starting jackpot. The money will grow progressively into a huge prize until such time when a lucky player activates the Progressive Jackpot Bonus segment.
If a slot player hits the mega prize, the progressive prize fund resets with the original seed amount. A progressive slot may also offer Minor or Major prizes, which if won, will partially reduce the prize pool. Nonetheless, the igaming company running the progressive jackpot game automatically replenishes the prize pool with additional funds.
Now the reason why the prize is called a Progressive Jackpot is because the money increases while the video slot is being played by millions of online casino players worldwide.
Let us use the Mega Moolah Progressive Jackpot slot as an example. Every time an online casino player places a bet on a Mega Moolah spin, a portion of that bet will go to the Mega Moolah jackpot fund. While the amount may be minimal, growth is exponential, because everyday and every hour, millions of Mega Moolah slot players contribute massively through the bets they place in playing the game.
Currently as of this writing, the Mega Moolah Jackpot already stands at over US$12,650,000. .