Millions of people try their luck playing online slot machines. Slots are so popular due to their bright colors, interesting themes, outstanding sound effects, and a wide variety of betting options. For many years, online slots have been evolving, introducing new features of all tastes. Today, one of the most popular types of online slots is a slot with a progressive jackpot. Many well-known software providers offer various games with all kinds of features. Some of them provide Megaways feature with hundreds of paylines to form combinations. In our case, we review slots with multimillion jackpots!
What is a slot with a progressive jackpot?
Every top online casino offers a wide selection of slots with progressive jackpots. Among the popular types of slots, progressive slots are different in the way of payments. The word “progressive”, means that the winning amount is accumulated through time. People make bets, influencing the jackpot prize. Therefore, the more players place bets on the game of chance during the specific round time, the bigger the jackpot will grow.
When the player becomes the lucky winner of the jackpot, the prize pool starts from zero dollars again. Many players agree that it is a very attractive type of slot, giving you a chance to become a multimillionaire in one spin. But you may ask a question of where to start playing for the biggest jackpot of your life? In the list below, we have formed the rating of the top 5 progressive slots by Playtech.
1. Gold Rally Slots
This is one of the best progressive slots by Playtech. It has 3 reels and 8 paylines to trigger the winning combination. Moreover, Gold Rally Slot is based on mining and gold, which also can give a chance to hit the progressive jackpot of over $1 million.
In order to hit the jackpot, the player must wager at least 8 credits, and trigger nine scatter symbols in the field. Of course, it’s not that easy to collect nine scatter symbols, however, players can also win smaller prizes with other combinations.
The theme of the slot does not need much as an introduction, since we have seen such a superhero many times. In general, slots with an action hero are extremely popular among comics fans and development studios. Spiderman slot has 5 reels and 25 paylines. In addition, the slot does not attract newcomers with innovative features, but it offers traditional and classic features along with a progressive jackpot.
Also, the slot features Wild symbols, which are represented by the word “wild”, as well as Scatter symbols as the “spiderman” logo. Moreover, there is a surprise feature, which turns three or four basic symbols into wild symbols, except for the scatter.
X-MEN is another slot dedicated to superhero thematic. In this case, comics fans can enjoy the X-MEN superheroes, as well as 5 reels, and two versions with 25 paylines, and 50 paylines. Among the symbols, there are the most famous superheroes: Wolverine, Nightcrawler, Cyclops, Storm, Mystique, Magneto, Juggernaut, Sabretooth, and Rouge.
Special Wild symbols are in the form of “wild” words, and the Scatter symbol looks like the X-Men logo. Also, the game provides the “X feature”, which gives super prize when 5 hero symbols form an X on reels 2,3,4. In this case, the player will get the win multiplied by 5x.
4. IRON MAN 3
Our fourth progressive jackpot slot is dedicated to Marvel comics. Playtech offers sci-fi characters, which is Iron Man now. The third part of the iconic superhero movie brought us 5 reels and 2 paylines.
Continuing with the sci-fi characters that Playtech brought to the slot machines, it is now the turn of Iron Man 3, which has 5 reels and 25 paylines. Also, players will find their low value symbols, including 9, 10, J, K, Q. Special symbols are represented by the Iron Man or Iron Man 3 logo. If you will be able to manage 5 Wild symbols on the reels, your winning will be multiplied by 10,000x.
5. Fantastic Four
Let’s conclude our list of top slots with progressive jackpots by Playtech with Fantastic Four. The slot features all the heroes from the legendary Fantastic Four. It has 20 paylines, or 50 paylines in the updated version, and 5 reels.
NZD, simply, is an abbreviation of the New Zealand dollar. NZD is a national currency in New Zealand. You should also know that any online casino that accepts the New Zealand dollar is known as NZD online casino.
It is certainly possible to win, but you will not be able to win a large amount when playing for such bets, even if you win X1000. You will also win cents.
That is quite reasonable why a person might get a thought of starting its own online gambling business. It brings much profit, especially nowadays when online related industries are at the top. Just like the huge yearly revenues of online casinos, one has to spend the big sums of money for the business launch.
Gambling business requires many responsibilities and attention. The known stereotype about casinos that they are always cheating impose additional obligations on the casino owners. They have to license their business activity, get special certificates and constantly prove that they are safe and fair.
This ‘proof’ costs money which you as a potential owner need to pay at the very beginning. All the licenses, certificates and security technologies are the first instruments that you have to think of before you start. Not a single high roller or even a regular player will make funds into an ‘unknown’ casino without an official license.
However, in order to receive a license you need to accomplish several steps. First one is to create the company according to the laws of the country that allows running online casinos. They are usually small countries like Malta, Costa Rica, Gibraltar or it can be the UK, by the way. The company registration cost varies. In the UK it’s 550 euros, in Costa Rica you would have to pay almost 3,000 euros. However, Gibraltar and Curacao don’t take charges at all. So, let’s take the average cost of the registration of a legal entity – $1,000.
The site content is the most important. It’s the face of the online casino. The real money attractive games are what people come for to the online casinos. Basically, you need to make a deal with at least one software provider and have a minimum of 500 games in your casino lobby. Nevertheless, the more games and providers, the more customers. The price is different again. It varies from $10,000 to $150,000. It depends on the provider reputation and amount of games you purchase. Mind that you will have to pay commission from each game. About 15% from one game revenue goes to the provider. Averagely, you could pay about $50,000 for games including commission.
Finally, you can apply for the license. This step allows you to host servers and represent casino games worldwide (where they are accepted by laws, of course). Generally, the licensee is based in the same country where you registered your casino business. Accordingly, the price varies. For example, in the well-reputed Malta you can get the MGA license for about $18,000 + the same for annual fee, in total over $35,000. In Costa Rica you’ll pay totally $50,000. Besides, the license doesn’t last forever. It’s issued for several years. On average, 6 years is the expiry date. So, let’s assume that the first licensing costs $50,000 including the cost itself and annual fee.
Your casino site should be, first of all, clear and easy to navigate. Whenever a visitor enters the site, he or she must understand what the casino offers: games, bonuses, banking options, support, security and etc. Clarity, transparency and availability of all website options. The whole development of the website costs from $10,000 to $50,000. Though we can’t deny additional losses. Let’s take $50,000 for the website development stage.
This step is necessary for all businesses. In order to let people know about you, you need a marketing plan including advertising, SEO content and affiliates. Your minimal marketing losses can be $20,000. However, it doesn’t make much sense as it pays off quite a little. For the good profitable marketing system you can pay $100,000 and even $200,000 monthly. Additionally, you will have to pay a fixed sum and sort of 20% commission to the partners that brought you clients. All in all, for the advertising stage we have approximately $100,000 a month which annually is $1,200,000.
Here you should include, first of all, salaries for your staff. It should be a whole team of specialists in the fields of design, web development, security service, support, sales and marketing, finance and copywriting. In addition, you will have to maintain the site and its security system annually. The total cost of this all will be about $500,000 a year. It depends on the salary amounts you can afford, of course.
This is a specific amount of money you save in the bank as a guarantee that you are able to give payouts to your players. It can’t be used for taxes and other expenses. This is a necessary fund, and its minimum depends on the registration country. It will cost you about $100,000.
If we consider each expense given above, the online casino site costs $1,951,000 at the start. Still, you have to understand that this sum is not exact. In reality you may pay more or even less. Anyway, considering all the necessary and additional expenses, you need to have at least $2 million in your account to open and maintain the casino site during one year. With an excellent marketing plan you can compensate for the losses during a couple of years, or even less period of time.