There are several different types of progressive jackpot games and this means that the prize structures tend to vary a great deal. This is usually determined by the type of game you are playing on and in which casino you are playing at.
There are some games that are connected to a wide progressive jackpot network with millions of people that are all playing for one prize. This is how some of the jackpots reach such large amounts, plus there are also those that have much smaller jackpots. These smaller progressive jackpot prizes generally start at zero from the moment you enter the game and will continue to climb from then on. These are not usually connected to a wider network and therefore the prizes generally don’t climb too high.
If you win a relatively small progressive jackpot, this prize will almost certainly be paid out instantly, just like any other win of this size. However, the larger progressive jackpots may not be paid out as quite as quickly, which is quite common and is nothing to worry about.
Large jackpot games usually have prizes that start from somewhere in the region of $5,000 to $10,000, which will also climb until they are won. This often means that the prizes reach well into the millions.
If you happen to be one of those extremely lucky players who manages to take down a massive progressive jackpot, whether it’s while playing progressive Caribbean Stud poker, progressive video poker or on one of the numerous progressive jackpot slots, you will more than likely be contacted by either the management or even the actual owner of the online casino for various different reasons.
The casino owner may want to congratulate you, plus there may even be publicity protocols, especially if you receive a substantial win of more than $1,000,000 or so. The casino accounts manager may also try to get hold of you (if they offer this personalised service to their registered members) and this will basically be to advise you on the best way to transfer the funds to you, while trying to limit fees and charges.
In addition to this, your win may also need to be independently verified, along with your personal details etc. This verification process will depend on the size and nature of your win.
This is standard procedure at most reputable gambling portals and could mean that you will have to wait an extra one or two more days before receiving your winnings, so don’t start to panic if it hasn’t arrived as cashable funds straight after winning.