Gambling News » May 2006
» May 25, 2006.
Microgaming Progressive Hits Landmark $200 Million Payout Total.
Microgaming's progressive jackpot network made history again on May 16 as its payout total passed the $200 million mark. The $100m mark was passed in August 2003. That's an average payout of $35 million a year!The total is further confirmation of Microgaming's industry leading position and comes at a time when the company is gearing up for a new stage of growth, signalled through its recently announced plans to consolidate all its online casino and poker brands under the Microgaming name.
Powered by Microgaming, nearly 6,000 jackpot winners have celebrated wins through the progressive jackpot network during the three year period since it launched, including Amanda R from Plymouth, who only last month became one of the UK's highest online gaming Jackpot winners, taking home a cool $1,427,369.74. In October 2005 alone, $4.9m was paid out to 100 winners.
Microgaming's progressive network is the largest online progressive jackpot offering on the internet - that's 19 progressive games to choose from, including classic slots and 5 reel video slots, video poker and stud poker, roulette and blackjack progressives.
Roger Raatgever, CEO, Microgaming comments: "Reaching $200m in payouts is a true landmark moment in the life of online gaming, but to reach it in three short years is remarkable. I think it's fair to say that this serves as testament to our commitment to provide the best and most rewarding playing experiences on the web. But, it doesn't stop there. With over 60 new games earmarked for release this year alone, we believe it won't be long before we celebrate reaching the $300 million mark."
Microgaming's progressive network has developed a reputation for generating overnight millionaires, creating eight to date. The $200m total equates to an average of $18,000 being paid out each day since launch. All the jackpots won through the casinos that provide the progressive games are offered in full, direct cash payments, in single cash payout!
As a founding member of eCOGRA (see approved online casinos and poker rooms), Microgaming is also at the forefront of an initiative focused on setting the highest standards in the gaming industry, most notably in the areas of fair gaming, responsible operator conduct and player protection.
Learn more about Microgaming progressive jackpots - see reviews of all progressive games, 100's of jackpot winner stories and current values (tickers). This is one of the more comprehensive online jackpots resource faeturing over 700 winners testimonials listed by game.
Source: Microgaming
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