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Trickle Down Economics In Online Casinos

Added: Feb. 3, 2014

Of course you know about the online casino software development company Playtech. You also know about progressive jackpots with online slots. But, did you know that there is another side to progressive jackpots, at least those from Playtech?

Here is what this is all about. If you paid attention to recent history you know that the term trickle down economics was very popular in the United States during the 1980s. This was a coin termed to explain how a government policy of lower taxation for business trickled down and helped out everyone else in the economy.

What does this have to do with online slot machine games and Playtech Software? In case you missed the big announcement recently, one lucky player enjoying his online slots at a popular Playtech online casino hit the big time. Apparently, this online casino player named Charles was playing the online slot machine game called Everybody’s Jackpot. And he won, he walked away with the massive progressive jackpot grand prize of $300,000.

But here’s the thing. The story does not end there. Nope, not at all. You see the way it works with Playtech online casinos (and other online casinos as well) is that the Progressive Jackpot does not in fact all end up in the pockets of one big winner.

Actually it works out like this. Take the example from above. Charles, the big winner walks away $300,000 richer. But that $300,000 represents 70% of the progressive jackpot. What about the rest of the money?

The remaining money, the other 30% actually gets spread around to other online qualifying casino players. The amount allocated to each player is determined by the amount of their total bets and when they were playing the same game. In most cases, there is a 24 hour window to be a part of the progressive jackpot.

One really cool feature of the trickle down payments to other participating online casino players is the time clock. Since participation in the progressive jackpot is based on 24 hours, you could have been playing online at any time during the qualifying 24 hours and still be eligible. You don’t even have to be logged in at the time of the big win to be eligible to win. Wouldn’t it be really cool to log back into your account and find yourself a winner?