Progressive Jackpot Meter
The amount of the jackpot is shown on a meter as a money value. Usually the jackpot can only be won by winning the combination with the highest payoff, e.g. a royal flush at a video poker game, or five of the most valuable symbols (lemons, cherries, alligators, etc.) on a slot machine. Once a player wins the jackpot, the jackpot resets to a preset minimum level.
The amount on the jackpot progresses (increases) a small amount for every play on a connected machine. The amount that the jackpot advances by is set by the casino ("the house"). For example, on a machine whose house edge is 5%, a generous jackpot contribution might be 1% (one fifth of the expected profit). The house is prepared to contribute some of the profit of a jackpot linked machine because players are attracted by the:
- relative novelty of progressive jackpots (generally, only a small fraction of the house's gaming machines will be connected to a progressive jackpot)
- constantly changing meter, often displayed on large LED or LCD displays
- large amount of the jackpot, which eventually motivates more players to play the game.
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Famous quotes containing the words progressive and/or meter:
“A man is a method, a progressive arrangement; a selecting principle, gathering his like to him; wherever he goes.”
—Ralph Waldo Emerson (1803–1882)
“His meter was bitter, and ironic and spectacular and inviting: so was life. There wasn’t much other life during those times than to what his pen paid the tribute of poetic tragic glamour and offered the reconciliation of the familiarities of tragedy.”
—Zelda Fitzgerald (1900–1948)