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Unlike many slots that begin life on the floors of Las Vegas casinos, the Longhorn Jackpots slot machine boasts a very generous return-to-player (RTP). Its payout percentage of 96.05% is certainly above the norm. AGS has also made it clear that this is a highly volatile game, which shouldn’t surprise you considering it’s a jackpot slot.
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When it comes to slot machines, you have two broad categories. There are flat top slot machines, and there are progressive slot machines.

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A flat-top slot machine is more common, and it’s a game where the top prize is a fixed amount. 1,000 coins is a common prize, but it varies by machine.

Progressive slot machines, on the other hand, have top prizes (jackpots) that grow over time until they’re hit. They can be compared to lottery games in that respect. You know how the lottery gets bigger every week if there was no winner the previous week? Hitting the progressive on jackpot on real money slot machines is just like that.

How Big Does the Jackpot Get on a Progressive Slot Machine?

The obvious first question is, how big does the jackpot on a progressive slot machine get? The answer is that it varies based on the game.

You can find progressive jackpots that rival lottery prizes in size. The Megabucks slots in Nevada have the biggest progressive slot machine jackpot in the world. The jackpot starts at $10 million and grows until someone hits it.

When I wrote this post, the jackpot was at $15 million and growing. The biggest the jackpot ever got was in 2003, when it had risen to almost $40 million before getting hit. It’s also gotten as big as $35 million before being hit, too. But that’s on the outside end of the spectrum.

Progressive jackpots can also be much smaller, depending on the casino and the specific game. You can find plenty of progressive jackpots on the other end of the spectrum, too. Online progressives can be as low as $500 or $600.

The advantage to lower-sized progressive jackpots is that you’re more likely to win one. The odds of winning something like Megabucks are astronomically small.

What Does a Progressive Jackpot Do to the Expected Return?

If you’re not familiar with the expression, the “expected return” for a slot machine is the percentage of the money you get back in the long run when playing the machine. It’s expressed as a percentage, and it’s always less than 100%.

Expected return is based on the probability of winning and the amount you stand to win. Every prize on a slot machine has an expected return based on the probability of winning that prize multiplied by the size of the prize. When you add the expected return for each prize together, you get the overall return for the game.

Here’s what that means: If you have a slot machine with an expected total return of 94%, you expect to get back 94 cents for every dollar you put into the machine.

If you’re an average slot machine player, you might make 500 spins per hour. If you’re playing for a dollar per spin, you’re putting $500 through the machine per hour.

94% of $500 is $470, which means you’ll lose an average of $30 per hour on that machine.

Fey sold his share of his company with Holtz to start his own company, Charles Fey & Company. They put it in a local San Francisco saloon and it was a hit and a huge money maker. This machine is one of the reasons so many give Fey the credit for inventing the slot machine.It was a three-disc floor machine and was unlike any other ever created because instead of spitting out tokens or slips, it had the ability to dispense actual coins. In any event, in the basement of his house in 1895, Fey completed his next mechanical wonder, an even more modified version of the Horseshoe he called the “4-11-44” in homage to a popular lottery game at the time called “Policy,” in which the rare winning sequence was 4-11-44. Fey and Holtz went to work producing more, but before they got very far, Fey, once again, went packing. Who invented slot machines and what year.

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How Big Does the Jackpot Get on a Progressive Slot Machine?

What Does a Progressive Jackpot Do to the Expected Return?

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