Wednesday, August 18, 2010

The Average Online Casino Jackpot Set to Break the $1,000,000 Barrier by 2018

GIBRALTAR, August 18, 2010 -- Growth in online gambling industry fuels surge in casino jackpot prizes with over 1000% increase since 1998 seen among many online casinos.

Industry watchers predict that average jackpots for online casinos are set to break the $1,000,000 barrier by 2018. Exponential growth in jackpots is set to continue due to 3 key factors; growth in the industry itself, the success of individual casino groups also the networked approach to generating jackpots which is uniquely scalable in the online industry. For instance, Gaming Club the world's first online casino,, has been live since 1994 and its first major jackpots averaged $5,000, this year its jackpots will average $50,000, and is likely to continue rapidly growing in the coming years.

The driving force behind this is the 'networked progressive jackpot'. Progressive jackpots are jackpots which are generated by taking a small percentage of each every single wager to add to a central pot. Because the casinos are all online, you can very quickly network thousands of them together across the world to have a huge central pot for a lucky winner to win.

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