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Just like with national lotteries, winning a progressive jackpot in an online casino is the dream of many who wish to enjoy an improved lifestyle or simply to not have the end of the month stress which comes with covering bills. The biggest of progressive jackpots rise into six digits, while the smaller of them are often enough to buy that dream home or to take that dream vacation you’ve always fantasized about. The biggest online jackpot win to date, recognized by The Guinness Book of World Records was more than $15.5 million, won by a 20-year old Norwegian in September 2011, while the biggest Canadian winner was Sylvia P. who won a grand sum of $4,188,719.98 in August 2008.

The amounts that can be won online often exceed those in land based casinos – this is because online casinos have the advantage of being able to offer higher payout percentages as they don’t have the same high expenses as that of their land based counterparts. The amounts for progressive jackpots is accumulated by taking a percentage of each wager made by every player and adds it to the final jackpot pool until somebody eventually wins. The jackpot resets itself to a minimum amount specific to each game or casino.

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Independent progressive jackpots are generally smaller as they are not linked to many different games but are stand-alone. Where the big money can be found is in networked progressive jackpots. These networks are usually linked to games or to a group of games from a specific software provider like Microgaming or Playtech, and so players can have a chance at winning big at any number of online casinos which host the specific progressive jackpot games of these companies. So the jackpot increases via thousands of players around the world wagering on the qualifying games in pursuit of the handsome prize.

To qualify to have a chance at winning you usually need to wager the maximum bet for that game. Depending on the game, winning comes via you hitting a specified combination of symbols in slots, or a specific hand in games like video poker. Adding to the feel of the “great chase” the ever increasing jackpot amount is prominently displayed on the playing screen. As with anything of value, there are many players like you who are after the same jackpot so the odds of coming out on top are stacked high, but ultimately there is no greater prize in online gambling worth playing for.

A good observation strategy is to research at what amounts the previous jackpots have hit, and if you see a trend, start wagering when the jackpot reaches these amounts. Given the random nature of the games, this however provides no guarantee of success – it should be viewed as an “increasing your odds” exercise.

Progressive jackpot games are numerous with some of the most popular and high paying ones being Mega Moolah, King Cashalot, Major Millions, Beach Life and Mega Fortune. With these jackpots ticking over as you read this article right now, it may just be time to test your chances of becoming a new millionaire at one of our recommended online casinos.