Online casino jackpot average predicted to hit $1million by 2018
Such has been the massive growth in online gambling that the jackpots offered by many virtual casinos have mushroomed over the last 10 years or so
. Some industry insiders are now predicting that it is only a matter of time before punters will be getting the chance to play from their own homes for a massive $1million jackpot equivalent to more than 640,000.This will be made possible, say the experts, by the combination of growth in the number of people taking part in online gambling, which will lead to casino groups individually generating much greater turnover, and then linking with counterparts to offer a product which can be scalable in the size of the rewards it offers.
This last asset is what makes the chance to play casino online much more attractive than partaking in games in a bricks and mortar' club, say observers of the market. The first online casinos were established in 1994. At that time, jackpots averaged around $5,000, or just over 3,200. Sixteen years later, that figure has increased ten-fold. But the reason why that pace of growth is expected to accelerate is the increased use of the networked progressive jackpot. This is where online gaming sites club together, and add a small fraction of every single online bet to a central pot.
When a large group of online casinos perhaps as many as several thousand - join together, the amount of money being added to that central pot, and therefore the size of the jackpot being offered, can increase rapidly. While the potential wins created by these new online mega-communities will be massive, there will of course, be more people playing, and so the chances of winning that ultimate jackpot will be smaller.
Nevertheless, the success of gambling has been built on the massive headline sums being offered to a tiny proportion of lucky players. And with more players being linked together through the ability to play casino online, their stakes quickly mount up to create a pot whose size will, in turn, draw in new players.
And the combination of a more friendly and open environment than many of the real venues, along with these massive jackpots to be played for, is likely to fuel growth in online casino participation for many years to come.
The appeal of the chance to play an online casino is clear, but to find out more about the massive variety of games available, check out a selection of casino reviews online.
Online casino jackpot average predicted to hit $1million by 2018
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