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A progressive jackpot is a jackpot (a gambling grand prize or payout) which increases each time the game is played 💴 but the jackpot is not won. When the progressive jackpot is won, the jackpot for the next play is reset 💴 to a predetermined value, and resumes increasing under the same rule.

Many slot machines and video poker machines feature a progressive 💴 jackpot. The jackpot increases by a small predetermined amount each time the game is played. Often multiple machines are pooled 💴 or linked together to form a larger progressive jackpot which grows more quickly because more non-winning plays can be counted 💴 toward it.

Many lotteries feature progressive jackpots. After each drawing in which the jackpot is not won, a large amount of 💴 money is "carried forward" to the jackpot for next drawing. Various television game shows have also featured progressive jackpots.

History [ 💴 edit ]

Progressive jackpots were first introduced in large casinos in 1986. The first progressive slot machine was Megabucks, developed by 💴 International Game Technology (IGT). Every time a player participated in the jackpot but did not hit it, a part of 💴 the winnings was accumulated to the main jackpot, growing without limit. On February 1, 1987, a player won the first 💴 progressive jackpot, which amounted to the sum ofR$4,988,842.17.