There’s no word that gets the blood pumping like “jackpot.” The beckoning win is one of the most alluring aspects of casino games, whether online or land-based. We’re talking millions of dollars here, people!
The jackpot is the largest prize a casino game has to offer. It can be either fixed or progressive, which means the jackpot grows with every bet placed on the machine until someone wins.
Typically, jackpots are tied to slot machines, but there are also table games that feature a built-in jackpot. The two most popular casino games to win big money are blackjack and slots. Blackjack has the best odds and offers the greatest amount of winning potential. Slots have the lowest return-to-player (RTP) rate, but can have large jackpots.
The moment a jackpot is hit, the bells go off and the lights flash. The winner will get a visit from a representative to verify the win and fill out some paperwork. They’ll have to sign tax forms and confirm that they’re not on any state’s restricted list. Then they can choose how to spend their prize. Most decide to take a lump sum payment or monthly payouts over 20 years.
The biggest casinos will have a special team to handle jackpots and their winners, but even smaller casinos have their teams. Some of the paperwork can take hours, especially if the winner is a small win and not a mega-win.