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.