Do you play the lottery? If so, you would probably be more than happy to win a million dollars in your local lottery draw. But have you ever wondered what is the most possible money that you could ever possibly win? How high can the lottery jackpot grow? To answer these questions, it would be good to know what the worldwide lottery jackpot record is.
The biggest lottery jackpot in the world was a Power ball prize drawn on December 25, 2002. It was $314.9 million and was won by a man in West Virginia named Andrew Whittaker Jr. To this date, he holds the record for winning the biggest jackpot, worldwide.
Although that December 2002 jackpot is the worldwide lottery jackpot record, there have been many more huge jackpots won by a single person. Here are the next biggest, in order of jackpot size:
* On July 2, 2004, Geraldine Williams of Boston, Massachusetts won a Mega Millions jackpot of $294 million.
* On September 16, 2005, Harold Lerner of New Jersey won a $258 million Mega Millions jackpot.
* In August of 2009, a person in Bagnone, Italy anonymously claimed a SuperEnalotto jackpot of EUR147,807,299 ($219,419,942 USD).
* In July of 2005, Dolores McNamara of Limerick, Ireland won a EuroMillions jackpot of EUR115,436,126 ($171,364,935 USD).
* In May of 2009, a woman in Mallorca, Spain anonymously claimed a Euromillions jackpot of EUR126,231,764 ($187,391,060 USD).
The above jackpots hold the world record for the biggest amounts of money one by a single person. There have been other worldwide lotteries that have had jackpots in the above range, but I didn't include them because they were won by multiple tickets or by groups of people that split the prize.
Now you know that you could win jackpots well into the hundreds of millions of dollars level. Perhaps, one day, there will be a new record billion dollar jackpot and you could win it and go into the record books!
Tino writes a blog about lottery winners stories. It includes stories about people worldwide that have won big jackpots in games such as Lotto 6/49, Lotto Max, Powerball, and EuroMillions.
Friday, September 24, 2010
Casino Bonuses - Jackpots In Online Casinos - Part Two
The lucky winner was a gambler of InterCasino with a nick "Obaesso" - middle-aged factory worker, who plans to travel around the world (before he had not left his native town further than 50 kilometers). However, the winner has not received all the money, but just a modest part of $5,9 mln., another $2 mln. remained in the game. But in this case, there was no need to wait for long months - the jackpot was again broken in a couple of weeks, and moreover at a pound casino, so the prize equaled 2 million pounds or about 4 million dollars. This is how the online casinos added another couple of people to the club of millionaires.
Probably video poker is the second game with often occurrence of jackpot. Jackpot can be added to various versions of game as payment for picking up royal flash. Jackpot is usually paid only in a game of 5 coins and starts at 800 -1000 bets. However, jackpots are seldom happened greater in video poker, usually they range from $1-7 thousands (depending on the value of coins - 25 cents or $1).
Jackpots are nonetheless popular in another poker game - Caribbean Poker. A player can make an extra bet of exactly one dollar for jackpot. If he gets royal flash, then he takes the entire accumulated sum, if he gets street flash, then he wins 10 % of a jackpot. The sum of the jackpot in this game usually amounts to $100-$200 thousands and the record won sum equals to $720000.
Jackpots in slots, video and Caribbean poker can be found in most casinos, other games offer jackpots quite more seldom, though, in fact, jackpot can be "adjusted" to any game.
Microgaming casino offers roulette jackpot. You can win quite good money of several hundreds thousand dollars, if you win the bet at the same number five times in a row. Progressive blackjack also exists in Cryptologic casino and OddsOn casino. In fact, jackpot can be added in any case - the main condition for that is the demand for the game.
As we see, jackpots manage to fulfill their task and allow some players to win a lot of money, but does it mean that it is worth chasing down the jackpots? In most cases - no. Unfortunately, the casinos use the popularity of jackpot slots and set lower payment percentage for them. As a result the risk of losing considerably increases. I've already written in one of my articles, that in fact, the jackpot games can be of positive mathematic expectation for a gambler. Unfortunately mathematic expectation cannot be computed for the slots. So we can only hope that jackpot is big enough to take risks. In video and Caribbean poker mathematic expectation can be calculated at the given amount of jackpot. When the game has the player's preference, there is an opportunity to have such amount of jackpot. In this case, you can enter the game, though you should not rely on winning too much. The chance of winning the gain does not increase with growth of the jackpot.
Some gamblers may be worrying if the casino is able to pay them such great amount of money, if they manage to break the jackpot. If it is a small casino with unknown software, and which promises jackpots hundreds of thousands of dollars - I doubt if jackpot can really be broken there. But you should have no doubt if you deal with casinos of the famous software producers. The software producer himself provides for jackpot and he pays the gains. The funds are created in advance and there are no problems with the payments.
If you hope to get rich with the help of jackpot - play in the famous casinos from the famous software providers and good luck to you.
Arthur Prudent is the developer of Casino bonus codes, web site covering gambling news, features reviews on Casinos, Poker rooms, bingos, Sports Betting bonuses promotions and more. Casino bonuses: Jackpots In Online Casinos.
Probably video poker is the second game with often occurrence of jackpot. Jackpot can be added to various versions of game as payment for picking up royal flash. Jackpot is usually paid only in a game of 5 coins and starts at 800 -1000 bets. However, jackpots are seldom happened greater in video poker, usually they range from $1-7 thousands (depending on the value of coins - 25 cents or $1).
Jackpots are nonetheless popular in another poker game - Caribbean Poker. A player can make an extra bet of exactly one dollar for jackpot. If he gets royal flash, then he takes the entire accumulated sum, if he gets street flash, then he wins 10 % of a jackpot. The sum of the jackpot in this game usually amounts to $100-$200 thousands and the record won sum equals to $720000.
Jackpots in slots, video and Caribbean poker can be found in most casinos, other games offer jackpots quite more seldom, though, in fact, jackpot can be "adjusted" to any game.
Microgaming casino offers roulette jackpot. You can win quite good money of several hundreds thousand dollars, if you win the bet at the same number five times in a row. Progressive blackjack also exists in Cryptologic casino and OddsOn casino. In fact, jackpot can be added in any case - the main condition for that is the demand for the game.
As we see, jackpots manage to fulfill their task and allow some players to win a lot of money, but does it mean that it is worth chasing down the jackpots? In most cases - no. Unfortunately, the casinos use the popularity of jackpot slots and set lower payment percentage for them. As a result the risk of losing considerably increases. I've already written in one of my articles, that in fact, the jackpot games can be of positive mathematic expectation for a gambler. Unfortunately mathematic expectation cannot be computed for the slots. So we can only hope that jackpot is big enough to take risks. In video and Caribbean poker mathematic expectation can be calculated at the given amount of jackpot. When the game has the player's preference, there is an opportunity to have such amount of jackpot. In this case, you can enter the game, though you should not rely on winning too much. The chance of winning the gain does not increase with growth of the jackpot.
Some gamblers may be worrying if the casino is able to pay them such great amount of money, if they manage to break the jackpot. If it is a small casino with unknown software, and which promises jackpots hundreds of thousands of dollars - I doubt if jackpot can really be broken there. But you should have no doubt if you deal with casinos of the famous software producers. The software producer himself provides for jackpot and he pays the gains. The funds are created in advance and there are no problems with the payments.
If you hope to get rich with the help of jackpot - play in the famous casinos from the famous software providers and good luck to you.
Arthur Prudent is the developer of Casino bonus codes, web site covering gambling news, features reviews on Casinos, Poker rooms, bingos, Sports Betting bonuses promotions and more. Casino bonuses: Jackpots In Online Casinos.
Biggest Progressive Slots Jackpots -- How They Grow And How You Can Win Them!
A brief History of Progressive Slots
In the beginning there were no such thing as progressive slots; they only became possible in the early 1980's when microchips were added to slots machines. Even then it wasn't until March of 1986 that the first multi site linked progressive slot machines were introduced by the slot machine manufacturer IGT.
Having the same jackpot being fed from a number of different machines (which are often spread across a number of different casinos) means these progressive jackpots can quickly grow to be very large indeed. I have heard of casinos in Las Vegas where slots players have won over $8 million in a single win on a progressive jackpot.
How Progressive Jackpots Work
Progressive Jackpots grow by skimming an amount of money from each and every bet; this means that their payout rate on normal wins (non jackpot wins) is lower than that of a regular slots machine. However if you take the progressive jackpot into account the payout would be the same.
For example if you were playing at a Las Vegas casino on a linked progressive slots machine with a fixed $5 bet per spin. Your money could be divided as follows, 25 cents adds to the progressive jackpot, $1.25 goes to the casino and the remaining $3.50 is paid out in non jackpot wins. If however you were playing a non progressive slots game at that same casino it is likely that your money would be divided as follows. $1.25 to the casino and $3.75 paid out on wins.
The example above assumes the casino has a 75% payout rate, in reality slots at land based casinos typically have payout rates ranging from 70% up to 87%. This is in stark contrast to the online casinos which typically have payout rates from 89% up to as much as 99.5%!
So at a typical online casino with a 95% pay out rate the money you pay in for a $5 per spin online progressive jackpot slots would be divided up something like this. $0.25 for the online casino, $0.25 added to the progressive jackpot and the remaining $4.50 is paid out in non jackpot winnings.
Given these statistics it is not hard to see why many hard core slots players are now playing online from their computers.
Online Progressive Jackpot games
So apart from the free drinks playing online sounds more favorable as a player (in that you should win more). However I have already said how large jackpots can be at land based casinos so your next question is no doubt going to be just how large are progressive jackpots at online casinos? The answer to that is that they are growing all the time, the current record is $1.76 million and interestingly the exact same slot machine that paid that out in December 2005 currently has a Jackpot of over $3.5 Million and still rising! The slots game in question is millionaires club progressive jackpot slot and when this jackpot is eventually won it is going to set a new record for being the highest progressive slots jackpot of any online casino to date.
I have no doubt that even after that has been won a new record will be set within a space of less than a year, the rate at which progressive jackpots online are growing is amazing, only a couple of years ago a jackpot of a little over $1 million held the record. It is my opinion that sometime within the next couple of years the highest jackpots will be being paid out from the online casinos.
So how do you pick a winner?
Choosing which progressive jackpot to play is really not all that complicated. Once you know what the progressive jackpot starts at, what its highest payout was and what its average payout amount is. There are a number of slots sites that give you this information including the any of the progressive jackpot reviews at slotsjam.com.
Obviously once the jackpot in question is higher that it's historical average the chances of it paying out are greatly increased, and if it goes higher than its previous highest payout your chances are further increased again. So if you are chasing the biggest jackpots don't play the games just after the jackpot has been won instead wait until after that games historical average payout has been passed for the best chance of winning big.
Andy is a recognized slots expert and runs the online slots site slotsjam.com. You can ask him questions in the online slots forum on his site.
In the beginning there were no such thing as progressive slots; they only became possible in the early 1980's when microchips were added to slots machines. Even then it wasn't until March of 1986 that the first multi site linked progressive slot machines were introduced by the slot machine manufacturer IGT.
Having the same jackpot being fed from a number of different machines (which are often spread across a number of different casinos) means these progressive jackpots can quickly grow to be very large indeed. I have heard of casinos in Las Vegas where slots players have won over $8 million in a single win on a progressive jackpot.
How Progressive Jackpots Work
Progressive Jackpots grow by skimming an amount of money from each and every bet; this means that their payout rate on normal wins (non jackpot wins) is lower than that of a regular slots machine. However if you take the progressive jackpot into account the payout would be the same.
For example if you were playing at a Las Vegas casino on a linked progressive slots machine with a fixed $5 bet per spin. Your money could be divided as follows, 25 cents adds to the progressive jackpot, $1.25 goes to the casino and the remaining $3.50 is paid out in non jackpot wins. If however you were playing a non progressive slots game at that same casino it is likely that your money would be divided as follows. $1.25 to the casino and $3.75 paid out on wins.
The example above assumes the casino has a 75% payout rate, in reality slots at land based casinos typically have payout rates ranging from 70% up to 87%. This is in stark contrast to the online casinos which typically have payout rates from 89% up to as much as 99.5%!
So at a typical online casino with a 95% pay out rate the money you pay in for a $5 per spin online progressive jackpot slots would be divided up something like this. $0.25 for the online casino, $0.25 added to the progressive jackpot and the remaining $4.50 is paid out in non jackpot winnings.
Given these statistics it is not hard to see why many hard core slots players are now playing online from their computers.
Online Progressive Jackpot games
So apart from the free drinks playing online sounds more favorable as a player (in that you should win more). However I have already said how large jackpots can be at land based casinos so your next question is no doubt going to be just how large are progressive jackpots at online casinos? The answer to that is that they are growing all the time, the current record is $1.76 million and interestingly the exact same slot machine that paid that out in December 2005 currently has a Jackpot of over $3.5 Million and still rising! The slots game in question is millionaires club progressive jackpot slot and when this jackpot is eventually won it is going to set a new record for being the highest progressive slots jackpot of any online casino to date.
I have no doubt that even after that has been won a new record will be set within a space of less than a year, the rate at which progressive jackpots online are growing is amazing, only a couple of years ago a jackpot of a little over $1 million held the record. It is my opinion that sometime within the next couple of years the highest jackpots will be being paid out from the online casinos.
So how do you pick a winner?
Choosing which progressive jackpot to play is really not all that complicated. Once you know what the progressive jackpot starts at, what its highest payout was and what its average payout amount is. There are a number of slots sites that give you this information including the any of the progressive jackpot reviews at slotsjam.com.
Obviously once the jackpot in question is higher that it's historical average the chances of it paying out are greatly increased, and if it goes higher than its previous highest payout your chances are further increased again. So if you are chasing the biggest jackpots don't play the games just after the jackpot has been won instead wait until after that games historical average payout has been passed for the best chance of winning big.
Andy is a recognized slots expert and runs the online slots site slotsjam.com. You can ask him questions in the online slots forum on his site.
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