The online video slots market brings in 70% of the iGaming industry’s casino revenue, and even with the huge progressive jackpot slot payouts, this sector is one of the most profitable to date. In particular, Microgaming is now closing in on the £2 billion worth of jackpot payouts.
Microgaming first came online in 1994 when the internet was just making headway and by 1998 after releasing a series of online video slot games, the slot developer entered the progressive jackpot network with its first jackpot video slot – Cash Splash. Since that fateful year, the Microgaming Progressive Jackpot network developed into the largest and largest paying in the world.
Millionaires Created from Microgaming’s Flagship Jackpot Slot
One of the most successful Microgaming progressive jackpot slots is Mega Moolah, which hit the internet wires in 2006. Mega Moolah’s jackpot made the first millionaire directly via playing online slots and has continued to create many more.
The slot title hit the headlines again as it boasted life-changing jackpot winnings worth millions in sterling before making worldwide casino news with a record £13 million payout to a British army soldier in 2015. It was an unprecedented win and took until 2019 for Mega Moolah to repeat that feat as another record £13.3 million win hit the Microgaming’s newswire!
The very first Mega Moolah slot is still an immensely popular slot game. It has an African safari theme with cartoon symbols of the wildlife you will find in the sun-drenched African plains such as lions, rhinos, monkeys, and giraffe along with entertaining sound effects. Players can spin for as low as £0.25 by betting £0.01 per line on an incredibly fun 5-reel slot.
With its success, and the growth of the Microgaming progressive jackpot network, the developer chose to expand on the already established popularity of its flagship jackpot slot game!
Expansion of Mega Moolah Progressive Jackpot Brand
With the success of its flagship slot game on sites across the globe such as live22 casino, Mega Moolah slot title, Microgaming introduced 3 new progressive slots within its Mega Moolah mini brand with 2 of those slots already paying out multi-million pound jackpots helping Microgaming reach ever closer to the £2 billion mark.
Atlantean Treasures: This is an underwater themed Mega Moolah progressive jackpot slot that came out in February 2020. The slot is a joint effort between Microgaming and Neon Valley studios, and its top payout is already up to £6.9 million. What’s more is that there are only 10 pay lines on this 5-reel animated slot title and a high 92.08% RTP and a low £0.10 min bet!
Absolootly Mad: In April 2020 Microgaming introduced yet another new Mega Moolah jackpot slot title, already reporting a £5.8 million jackpot payout. Once again the release of this progressive slot was a joint effort, but this time Microgaming teamed up with Triple Edge Studios to produce a 243 ways to win no pay line slot over 5 reels with £0.20 min bet!
Fortunium Gold: The most recent addition to the Mega Moolah progressive jackpot slot collection was September 2020. It was Stormcraft Studios that got in on the action, this time with a sequel of the original Fortunium non-progressive video slot. Set in a steampunk fictional city players get to play this 40 pay line slot on a 5×5 grid but still bet as low as £0.10 per spin!
When Will Microgaming Pop the £2 billion Mark?
The big question now is when will Microgaming plough through that £2 billion worth of lifetime progressive jackpot payouts which all began back in 1998 with Cash Splash?
There is obvious effort to break through the barrier as the release of new Mega Moolah slots will continue while the firm is also releasing another set of progressive slots via its WoWPot brand of slots. This year Wheel of Wishes, book of Atem, Sisters Oz, and African Legends are all new WoWPot progressive slots.
It may be as soon as Christmas or New Year because when the holidays come around, this period is notorious for more players, bonuses to celebrate the festive period, and for paying out regular progressive jackpot wins.