Microgaming, the Internet gambling software company which adapted the land industry's progressive jackpots concept to the online gambling environment, set a new benchmark in the genre as its Mega Moolah progressive slot topped $6 318 533 and counting this week. The eventual winner will set a new record, overtaking the present $5.5 million win achieved last year by a Finnish player.
Progressives network a range of otherwise competing online casinos, each of which contributes to the jackpot, which increases the more the slot is played. Whilst some providers insist that any multi-million dollar wins are paid out in instalments, the Microgaming Progressive Network pays in one tranche, supplying financial advice to the winner if desired.
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