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

Aug 18, 2010, 03:20 ET from Carmen Media Group

GIBRALTAR, August 18, 2010 /PRNewswire/ -- 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 three key factors; growth in the industry itself, the success of individual casino groups and the networked approach to generating jackpots which is uniquely scalable in the online industry. For example, Gaming Club the world's first online casino, http://www.gamingclub.com, has been live since 1994. Its first major jackpots averaged $5,000, this year its jackpots will average $50,000, and is expected 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.

The World's Biggest Online Casino Progressive Jackpot Winner

Georgios M's passion for slot machines ensured that 2009 was a year to remember when the 36 year old business owner, husband and father hit the big one - EUR6.3 million ($8,6 million) - while playing the Mega Moolah Progressive Slot Machine on http://www.riverbelle.com! For Georgios, his date with destiny made him the recipient of the largest ever Microgaming casino jackpot payout.

Terry Maverick Spokesperson for Gaming Club and Riverbelle says:

"We're very proud of our progressive jackpots, it's amazing to think that only 12 years ago it was less than $5,000 and, you never know, within a few years we're confident that jackpots will regularly make our winning players overnight millionaires."

GamingClub Casino are owned and operated by The Carmen Media Group, a global gaming and entertainment group which was incorporated in Gibraltar and formed in 2002 out of the Demmy Group of companies. It is wholly owned subsidiary Tower Rock Ltd is licensed from Gibraltar to operate casinos and multiplayer poker in the online domain, and all flagship casino brands have been awarded the eCOGRA seal of approval.

Carmen Media owns many of the world's oldest and most respected online gaming sites including Gaming Club Online Casino (founded 1995), Jackpot City Online Casino, River Belle Online Casino (founded 1997) and Lucky Nugget Online Casino, as well as Cool Hand Poker.

Carmen Media products and online gaming brands are promoted through the industry leading gaming affiliate program ReferBack, thereby affording its partners opportunities to market English, French, Italian, German and Spanish products.

    For further information or to book an interview with the PR officer at
    Gaming Club Casino (http://www.gamingclub.com), please contact:

    Terry Maverick
    Cell: +27(0)713-56-92-02
    Tel: +27(0)21-258-69-28
    E-mail: terry.maverick@carmenmedia.com


SOURCE Carmen Media Group