History of jackpots

That sweet word ‘jackpot’

The rise of the jackpot concept coincides with the emergence of the word ‘gambling’. It is a matter of debate which one came first. According to historical information, gambling dates back to ancient China. Despite the arguments of many historians, this state is still considered the foundation of many nowadays known impressive products.

The fourteenth to nineteenth century is recognised as the period marked by the considerable spread of gambling throughout the civilised world, and the European continent in particular. Every country sought to ‘get’ one entertainment or another, as far as the rich class was concerned, as other classes could not afford to participate in such activities.

The development of the industry was particularly evident in card games and developments such as lotteries and bingo. Although each country had its own interpretation of such games, the basis was similar everywhere. In addition, they not only required money to participate, but could also be the source of valuable new rewards.

Different types of jackpots depending on the game

As new games were created or existing games were improved, the requirements to obtain the top prize or jackpot changed. Its appearance changed depending on the game. In some gambling entertainment it came in the form of cash prizes, while in others, it was presented as a different good, so desired by the winner.

Types of jackpots

Today, the type of jackpot depends on the game, whose result it is. The following can be specified in more detail:

  1. bingo – an Italian game, which existed since the 16th century, evolved into what is now traditional bingo, where the prize is a sum of money formed by wagering on the participants. It is possible to get the prize by creating a winning combination.
  2. lottery – the beginning of this kind of entertainment dates back to ancient Egypt. Today there is a significant variety of such games, having a common basis, but differing in certain rules and other features. Here, the jackpot depends on each bet or the conditions of the gaming operator.
  3. Poker – the final amount is formed by means of deductions from special bets, often bonus bets. The winnings are based on the conditions announced in advance for a particular game. As a rule, these are combinations.
  4. Video slots – essentially, the user enjoys spending time at the slot machine, where he has to bet, hope for luck and reap the rewards of his success in this kind of gambling.
  5. Roulette is a classic gambling game based purely on the player’s luck. The winnings are based on all guests’ bets, but the one who gets it will be the one to whom Fortune smiles and manages to guess the winning number.

In fact, there are as many types of jackpots as there are types of gambling. There are classifications based on how they are made, how they are obtained, etc. It is only worth noting that it is the jackpot that is often the main goal of players.