Progressive Jackpot [Meaning] - MasterTerms.com

Progressive Jackpot

A Progressive Jackpot is a type of jackpot that increases every time the game is played but not won.

This type of jackpot accumulates a portion of each player’s wager, and the total amount continues to grow until a lucky player wins the full amount. In Bingo, the Progressive Jackpot is usually tied to a specific pattern or winning condition, and if no one achieves the required pattern, the jackpot rolls over to the next game, growing larger with each play.

Progressive Jackpot Example

For example, in an online Bingo game, a Progressive Jackpot might start at $500. If no one wins, a portion of each ticket sold adds to the jackpot, which can eventually reach thousands of dollars before being won.