The process of winning a casino jackpot is a bit complex. In order to collect the money, the casino must verify the winnings, collect tax forms, check the restricted list, and handle accounting paperwork. Some casinos keep millions in their safekeeping account for years before they can spend them. This isn’t a problem if you live in the state where the casino is located. However, if you live in another country, you may have to wait even longer.
Casino jackpots come in various forms. There are three basic types: fixed, progressive, and accumulative. The first is a low jackpot, while the second is the largest. The final one is the largest and is usually the most difficult to win. Players must play a specific slot machine to win it. The latter is known as a progressive jackpot. These are not common in other games but are considered a side game to other types.
The next type of casino jackpot is the “must-hit-by” jackpot. It is a revolving fund that grows over time by a certain percentage of the total wager. The casino may choose a specific value for the “must-hit-by” pot for a specific slot machine. A small jackpot may be programmed to pay between $1,000 and $3,000. The player must bet a minimum amount in order to win.