Who Pays Progressive Jackpot Wins Mines Games Casino

Who Pays Progressive Jackpot Wins Mines Games Casino

It is a common misconception that online gambling operators pay out progressive jackpot wins themselves but this is not necessarily the case.

Software providers normally supply the seed amount and then pull out bets from all gambling sites linked to the wide-area progressive network for the growing jackpot pool.

The straightforward example below can give you an idea of how this works.

  1. Software supplier X provides a progressive slot game to five gambling operators.

2. The progressive pool starts seeding at $100,000.

3. The 1st operator feeds $45,500 into the pool from players’ bets made on the slot.

4. The 2nd operator feeds $15,000 into the jackpot pool.

5. Bets made with the 3rd operator contribute $25,100 to the jackpot pool.

6. Bets at the 4th casino have a pool contribution of $10,500.

7. Finally, the 5th casino contributes $6,500 to the pool.

8. The jackpot has progressed to a total of $202,600 and a lucky player at casino #2 triggers it.

Now, the question is who pays the amount of $202,600 to the winning player when multiple casinos feed funds into the pool?

Software supplier X will first pull the entire jackpot amount from all associated sites in the network and either pay the winner directly or use casino #2 as an intermediary in the payment process.

This is the best course of action from the perspective of winning players because the software provider will pay the jackpot amount, no matter how large it is, in a single installment without any annoying delays.

In the second scenario, the software supplier seeding the jackpot delegates the payment duties to the gambling site where the jackpot has hit. This does not necessarily result in delays and complications, though.

Operators that are part of the Microgaming progressive network pay jackpot wins as a single lump sum after the industry-standard verification checks are complete. One recent example that comes to mind is from early June 2022 when a lucky player won the Mega Moolah jackpot and received $4.15 million in a single installment.

Software industry greats like Playtech and Microgaming transfer the full jackpot amount to the management of the online casino where the windfall has occurred. What happens from there sometimes depends on the withdrawal policies of individual operators.


Types of Progressives Jackpots Mines Games Casino

Types of Progressives Jackpots Mines Games Casino

1. Wide-Area

Wide-area progressive jackpots are shared across a network of multiple casinos that offer games by the same software provider. All networked casinos feed into the jackpot pool, allowing the prizes to escalate to six or seven-digit amounts, sometimes even more.

2. Local

Local progressive jackpots are similar but accumulate across several games, more often slots, linked in a network within a single online casino.

3. Standalone

Standalone progressive jackpots offer more modest prizes since only bets made on a single online slot or casino game contribute to the jackpot pool. While not life-changing, the prizes are still worthwhile as they grow to four or five-figure amounts.

4. Boiling-Point

Boiling-point jackpots typically drop when the progressive prize shoots up to a specific predetermined amount. The Super Jackpot from the recently launched Hot Drop Jackpot series belongs to this category as it must trigger before it reaches $250,000.

5. Time-Based

Time-based progressive jackpots must trigger within a designated timeframe, usually once per hour or before the end of the day. Good examples include Red Tiger’s Hourly and Daily Must Drop Jackpots where the average prizes range from three to five-figure amounts.


Fixed vs. Progressive Jackpots Online Mines Games

Fixed vs. Progressive Jackpots Online Mines Games

Most online slots and casino games offer fixed jackpots where there is a ceiling on the maximum amount players can win at any given time. With slots, this fixed amount can be expressed either as a cash value in the corresponding currency (eg. $50,000, £50,000) or in coins (50,000 coins).

In the second case, the base coin denomination the player has selected determines the cash value of the fixed jackpot in case of a win.

If you land a fixed jackpot of 50,000 coins with a base coin value of 0.10, you will essentially collect 5,000 units in your local currency, be it dollar, euro, or pound.

Respectively, if you play at higher stakes with a base credit denomination of 5.00, your win would increase to 250,000 in the corresponding currency.

This is not the case with progressive jackpots where a small percentage of each bet goes toward the jackpot pool which continues to grow until somebody eventually wins.

The pool is then reset to a base amount called a seed and starts accumulating all over again.


Mines Games Do Maximum Cash out Limits Affect Progressive Jackpot Wins

Mines Games Do Maximum Cash out Limits Affect Progressive Jackpot Wins

Winning a life-changing jackpot is easily the most exciting thing that can happen to any online casino player. Progressive jackpots are particularly appetizing as they grow each time someone places a bet, with their prizes going into the six or seven-figure realm in some cases.

Imagine the disappointment a player would feel if they land an unexpected windfall only to learn they cannot withdraw the jackpot amount in full due to the casino’s maximum cash out policies. As outraging as they sound, such issues are not unheard of.

In this article, we walk you through the specifics of progressive jackpots and explain who pays them. We also cover the impact of maximum cash out policies on the payment process and give you hints on how to avoid potential issues in this regard. But first, let’s get back to basics and have a look at the main types of progressive jackpots and how they accumulate.


Withdrawing Your Mines Games Casino Wins Jackpot

Withdrawing Your Mines Games Casino Wins Jackpot

What happens when you win is entirely up to you. Feel free to cash out your loot or keep the winnings in your balance to continue playing guaranteed jackpot games. If you decide in favor of withdrawing, there is no shortage of payment methods to choose from at participating casinos.

The most common options include credit and debit cards, bank transfers, checks, cryptocurrencies, and e-wallets. After you select your desired payment method, enter the amount you wish to withdraw from your cash balance, confirm the transfer, and wait for the casino to process your withdrawal request.

Our advice is to opt for one of the supported cryptocurrencies as they ensure the fastest and most cost-effective online casino withdrawals. The most common options include Bitcoin, Tether, Bitcoin Cash, Ethereum, Ripple, and Litecoin.

Slot Releases with Mines Games Casino

Mines Games Casino are the latest craze in the reel spinning community but this hardly surprises us, considering how frequently the tasty prizes hit. At the time of publication, some of the most popular slot releases with guaranteed progressive jackpots include A Night with Cleo, Golden Buffalo, and 777 Deluxe.

 A Night with Cleo

 777 Deluxe

 Golden Buffalo

 Red Tiger Must Drop Jackpots

A Night with Cleo

A Night with Cleo is a proprietary slot release available at US-facing gambling sites like Bovada. This adult-oriented game takes players to Ancient Egypt where they join the sultry temptress Cleopatra on 5 reels with 20 paylines.

Apart from the three progressive jackpots, you can earn as many as 10,000 coins in the main game. A Double or Nothing feature activates after each winning spin. It enables players to potentially boost their profits while watching the Egyptian Queen strip a layer of clothing after each correct guess.


Types of Online Mines Games Casino Jackpot

Types of Online Mines Games Casino Jackpot

1. Hourly Jackpots

Hourly Jackpots are smaller in size but compensate with higher hit frequencies as they land every hour. The size of the average hourly prize is approximately $1,000, with players having the opportunity to land several hourly pots within the same day.

The countdown timer on the screen informs you when the jackpot is nearing its trigger point so that you can play more and improve your chances of pocketing the hourly prize.

2. Daily Jackpots

Daily Jackpots work similarly to hourly jackpots, the only difference being they trigger once every 24 hours. While this makes them harder to win, they are still worth chasing because the daily prizes reach two-digit amounts.

Mines Games Casino jackpots can reward players with $25,000 on average but the sum may be higher, depending on how many spinners play concurrently and when the prize hits precisely.

3. Super Jackpots

Super Jackpots are the most rewarding and offer the juiciest prizes. The triggering criteria here are different since the pots must drop before they reach a specific amount of cash. They resemble boiling-point jackpots in this respect.

Super Jackpots usually trigger before their value escalates to $250,000, which happens approximately four and a half days on average. However, the pot could land sooner provided that the prize pool has reached the drop amount faster.

Other than that, the Mines Games Casino play the same way as conventional online slots. The gameplay is rather straightforward as all you have to do is size your bets and match identical symbols on the paylines to receive the corresponding payouts.

 Jackpot Values Are Updated in Real-Time

 Winning Chances Increase when Pots Approach their Drop Thresholds

 Padlock Icons Denote ‘Locked’ Jackpots


People Who Have Become Rich Thanks To Gambling (MineGames)

People Who Have Become Rich Thanks To Gambling (MineGames)

As you sit at the blackjack table or in front of the slot machine, you may be wondering, does gambling ever pay off for anyone? And the truth of the matter is, as risky as gambling is, it really has made some people very rich. But the casino games which have led to people becoming very rich may surprise you.


Perhaps the most famous casino game which is filled with a number of Cinderella stories is the table game, poker. The reason poker, more than almost any other game, has the ability to make you rich is because it is a skill game in which you are playing against other poker players instead of playing against the house.

Annette Obrestad

Annette Obrestad is famous because she started her online poker career when she was just 15 years old. What’s even more amazing, is she claims she never deposited a single time, but rather would only enroll in free online poker tournaments. From September 2006 to February 2007 she won over $500,000 on PokerStars, $200,000 on Ultimate Bet, and $136,000 on Full Tilt Poker. Of course, Annette was too young to legally gamble in the United States so she had to keep her live tournaments to those which were played in Europe. Qualifying in one of these tournaments led to her playing the World Series of Poker in Europe, which she won, and took home over 2 million dollars at just 19 years old.

Peter Eastgate

Another poker success story is that of Peter Eastgate, who also began to play poker at a young age while he was in university. He found he was so good at it, that he ended up dropping out of school to pursue poker full time. This led to him eventually playing the $10,000 World Championship No Limit Hold’em Main Event in 2008, which he won. He basically became an instant millionaire, leaving the tournament with just over 9 million dollars in his pocket.

Sports Betting

Of course, one could go on all day about all the poker players who have found themselves in rags to riches stories thanks to their skills. But if you don’t have the ability to play poker, does this mean you don’t have a chance? Of course not! Surprisingly, after poker, one of the number one ways people have found themselves becoming rich is in the practice of sports betting.

Matthew Benham

Matthew Benham started out as a lowly mathematician, but then one day, noticed that the game of soccer had a lot to do with statistics. He began using his algorithms and math skills and applying them to bets he would make at the sports book. His math was so on the spot he quickly began making enough money to make bigger and bigger bets. Today, he owns a company known as Brentford FC and is worth millions of dollars. When asked in an interview how he did it, Benham admitted that he wasn’t flawless, and though he had the math behind him, he often made mistakes while betting. But he says he kept with it, and eventually it paid off.

Jonas Gjelstad

Now, you’re probably thinking that you don’t know high level math to put you ahead in sports betting, but this isn’t the only kind of sports betting out there! Jonas Gjelstad is another sports betting success story who started betting on games when he was just 4 years old. In fact, his first sports bet (facilitated by his father of course) was only 2.50 pounds. As his winnings grew over the years, so did his bets until at one point, he won over $1 million in a single year. He is now worth millions and owns his own company which helps teach other people how to sports bet.

Billy Walters

Another sports betting success story is Billy Walters, who bet his paper route money on the New York Yankees in the 1955 World Series. Although he lost that particular bet, this was the beginning of a new world for Billy who continued to bet money on sports regularly. He continued to have average luck though, winning occasionally, but frequently losing, until he hit his mid-thirties. That’s when he finally began to win some big bets and the rest they say, is history. As of 2014 Billy Walters is worth a staggering $100 million USD.


Believe it or not, Blackjack is another game which has quite a few success stories. One of the most famous is Zeljko Ranogajec, who was born in Australia to a family of Croatian immigrants. He began playing Blackjack when he was in college and quickly learned how to count cards while he played. Starting with a bank roll of only a few hundred dollars, he quickly turned this into millions over the period of a couple years. Eventually, he also branched out to play Keno, and bet on horse races. But in interviews, he still attests that he won most of his millions thanks solely to Blackjack. According to the Australian Financial Review, Zeljko Ranogajec is currently worth over $600million Australian Dollars.


These are only a few of the thousands of gamblers who have made it big over the years. And this means there’s definitely a possibility that you could be the next gambling Cinderella story. You just have to have a little bit of skill, some luck, and some provably fair gaming to get you started. Although only poker, blackjack, and sports betting was covered in this article, every day in Las Vegas you hear the stories of people making big money as they win on spins of slots, at Bingo, and even at Keno, so you never know which may game may be the one which takes you to the next level and makes your dreams come true.

Also, the world is changing. As demonstrated in Annette Obrestad’s story, the world of online gambling is quickly growing to prominence. And with it, comes new casino games which can be comfortably played from home, as well as a whole new way to possibly win millions of dollars.

This article was brought to you by the provably fair Bitcoin Dice Game on MintDice. Originally posted on the MintDice Casino Blog.