Progressive jackpots are a mainstay of online casinos, but they have also been welcomed into online bingo thanks to the enormous amounts of prize money on offer.
The totals get accumulated from the money spent on more minor bingo games, and the prizes on offer can be in the tens of thousands. In general, to win a progressive jackpot prize in an online bingo game, you will need to have satisfied a set of requirements.
For example, you may need to get a full house within a set number of balls, at which point you will automatically get entitled to the contents of the progressive jackpot.
However, like most progressive jackpot schemes, you may have had to contribute a significant amount to the pot to be eligible for the win. It is not always the case, and many people look at progressive bingo as an investment.
The amounts of money available in a progressive jackpot game can vary wildly. For the most part, they are lower in bingo games than they are for other progressive jackpot games online, like slot machines.
Some are available over £100 and are won regularly because of relatively easy win criteria. The higher value pots are also available and often start from a fixed amount and increase each time the jackpot gets won.
For example, £10,000 may be the starting jackpot, and with each consecutive game in which it is not won, it will increase according to how much money has been wagered. In general, the higher value progressive jackpot games will have a higher ticket price. However, since there are no way of predicting when a progressive jackpot will get won, very big bingo jackpots can become available in modestly priced games.
There are several places you can head online to check out the latest progressive jackpot totals across a variety of the most popular online bingo sites.
These kinds of lists are beneficial if you want to attempt to win a progressive jackpot. Not only will you be able to see the current running total, but you will also be able to see when the last jackpot got won and how the current total may grow.
Once the jackpot has built up to a suitable amount, you can get involved yourself and stand more of a chance of winning if you have analysed the statistics carefully.
Many sites are offering progressive jackpots, but at the moment, the Dragonfish Bingo Network has the most significant progressive bingo jackpot winnings pool, totalling nearly £100,000.
As you might imagine, the frequency with which this large jackpot is won is low, and it has been over a month since the last big win. This is similarly responsible for the incredible size of current bingo jackpots.
The smaller progressive jackpots which get won more frequently are widely available, with UK Bingo offering progressive games several times each day.
The attraction of progressive online bingo jackpots is clear. It adds another potential for monetary gain, thanks to the random number generators that decide the fates of players worldwide.