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Term "Jackpot"

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Usage area

This is a common term, widely used in different spheres of the gambling business. It is used in casinos, lotteries, bingo, and other industry.

Description

Jackpot – the maximum prize that can be obtained in gambling game.

The jackpot can be fixed when at stake a certain amount, or progressive, when its size is constantly increasing at the expense of deductions from bets of players.

Progressive jackpots are most common in online casinos played on video slots, although there are also video poker, blackjack, poker and other games of chance with accumulative amounts.

Very often the jackpot is called the largest payout, which is charged on a General basis. Also, the term can be used figuratively, denoting a big win.

Related terms

Progressive jackpot a progressive jackpot

Denis Anipchenko

Editor-in-chief of Casinoz

Editor-in-chief of the multilingual Casinoz platform. A linguist by education, he came into the gambling industry from the offline side — before 2010, when land-based casinos in Ukraine were still legal, he worked his way up from an entry-level operational position to casino manager. He has been at Casinoz since 2010: first as an editor and review author, then editor-in-chief from 2014. Coordinates a team of authors, translators, and reviewers across all language markets of the platform.

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