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Online Casinos Raises Jackpot Payouts

Progressive online casino slot machines are the new rage in the internet gambling industry, and for players who hit the jackpot, they probably agree that progressive jackpots have a greater payout potential than traditional internet slots. But that doesn’t mean that all online casinos operate progressive slot machines with a large seed money pot – some scrimp while others find that increasing the initial seed money for the progressive slot machine keeps the internet gamblers happier for longer.

Slotland.com is one of the online casino slots gambling sites that have steadily increased the seed money in the site’s popular progressive slot machines over the past years. As the slots site has grown, so has the seed money. Though the site started at $10,000 in seed money, that was soon increased to $25,000, and now that site has doubled that amount and offers a massive $50,000.

Already it seems that the increase in seed money is paying off for the online casino players. Slotland.com’s progressive slots surpassed previous record jackpots just last month. The previous record was set in March of 2007 at $163,114. Now though the larger seed money means that the progressive jackpot was able to grow to $179,166 and paid out to an anonymous online casino player known only as TOPNOTCHED.

A representative for the online casinos company, Hannah Morante, elaborates on the positive effects of higher seed money in the progressive slot machines, “Doubling the starting amount means that jackpots will build higher in a shorter period of time. Even when jackpots occur within weeks of each other, all winners will be guaranteed a minimum win of $50,000 -- double the previous jackpot starting value.”