A question that every online casino player has is which online pokies have the highest payout? The question is an awkward one as it is greatly determined by which side of highest payout you mean.
The issue is that many could see this question as meaning the highest percentage payout while others could see it as the highest payout in cash sums. For the sake of argument, we are going for the latter, the pokies that have the highest jackpot payouts.
Online Pokies With Highest Payout
So now we have set our stall out to talk about which online pokies have the highest payout when it comes to total jackpot amounts and how often they payout rather than the percentage payouts they give.
Without further waiting let us get into the nitty-gritty of it all. There is a certain type of pokie that delivers higher jackpots and more wins than any other pokie available online, this pokie are the progressive online pokie.
There are numerous online progressive pokies around, many of which have developed a cult following but which of these have the biggest payouts of them all.
Well, there are a certain few progressive pokies that have easily shown themselves to be big payers. These are the pokies that deliver month in and month out, whilst also giving the hugest payouts ever.
What is pokie Payout?
The online casinos offer payout percentages on their pokie machines ranging between 94%- 97%. A very common and incorrect assumption is that if, say, you deposit $200 at a casino with a 97% payout percentage, you will on average receive back $194, that being 97% of 200. Unfortunately, the payout percentage is the payout of the casino games and not the payout on the deposits the casino receives.
Suppose you play a pokie machine with a payout of 95%, You will lose at a rate of 5% of the money you wager and the casino will “payout” 95%. That wagered money is in no way related to the deposited money in terms of casino payout. You can deposit $50 and wager $500, or you can deposit $1000 and wager $15. Your losses are based on your wagering and not on your deposits.
Wagering $3000 on this 95% pokie machine, the casino will hold $150 on average and “payout” the remainder of your $200 deposit – $50. The casino is ultimately going to pay you just 25%, yet the game still had a “payout” of fully 95%. So in order to lose your deposit entirely on a particular game, you would simply need to wager an average of twenty times your deposit, $4000, and that still playing a machine with a fully 95% payout percentage.
Payouts to Players
So the payout percentage figures relate exclusively to the money a player wagers and do not relate in any shape or form to the money a player deposits. When a casino posts a payout percentage of 97% they’re saying that of all the money their players have collectively wagered, the games have collectively paid out 97% and held a 3% profit. If the casino has made a monthly profit of $100,000 from players wagering totaling $50,000,000, the casino games have “paid out” 99.8%, which is still a great payout figure.
But if you successfully locate a game with a payout of 99.99%, you can wager a lot at a relatively low cost. You could wager $100,000 at an average cost of only $10. With other casino bonuses, you can find yourself with a very attractive proposition indeed.
How to find the highest payout pokies?
If you are looking for the highest payout pokies then as said above you need to understand what the Return To Player (RTP) percentage is of a pokies machine. Then check RTP of the pokies to find out how well it rates on the RTP scale:
- If a pokies machine has 93% or less then it has low RTP
- Between 93% and 95% is acceptable RTP
- In the range of 95% and 97% it’s great RTP
- Pokies between 97% and 98% is an excellent RTP
- If higher than 98% it is superb RTP pokies machine
The higher the RTP, the more favorable the odds are for you as a player and the bigger the chance that you will win on that particular pokies.
How can you check the RTP?
Most pokies have the RTP listed in the rules or paytables of their game. Sometimes you have to look for it, but most software providers are happy to provide the RTP. But remember that there are no pokies that will guarantee a win. On the other hand the closer the RTP comes to 100%, the better odds you have of actually beating the casino.
Progressives pokies have the lowest RTP percentages by far, often 8-10% less than the ones given above and that percentage includes all the big progressive jackpot amounts, so the RTP on the base game is even significantly lower.
The reason big progressive jackpot slot games have a lower RTP is that a certain percentage of your wager is a contribution to the jackpot fund, plus of course, in order to build a bigger jackpot, the slot cannot pay out as much as other pokies games otherwise the size of the jackpots would have to be considerably smaller.
This is why you can find some progressive jackpot pokies games have a lower RTP than non-progressives. However, it is the size of the jackpot on offer that matters more to players, which is why they will accept a lower RTP, for the chance to win a much bigger prize.
Which Online Pokies Have The Highest Payout?
By now your chomping at the bit like a horse in reins and wondering which highest paying pokies these are, well worrying no more. The pokies in question are:
- Majors Millions
- King Cashalot
- Mega Moolah
- Age of Gods
- Jackpot Giant
- Gonzo’s Quest
- Great Blue
- Immortal Romance
- Blood Suckers
- Kings of Chicago
- Devil’s Delight
- Jack Hammer
- Go Banana
- Cosmic Fortune
- Steam Power
- Ghost Pirates
Let’s deep into the highest pokies payout so that it’s easier for you to select them and play to win.
1. Hall of Gods – $6,084,758
NetEnt’s progressive pokies seem to have a penchant for paying out jaw-dropping prizes. One player managed to score a godly jackpot worth $6,084,758 lately after triggering the Hall of Gods Mega Jackpot, forever immortalizing himself as a Very Important Player.
2. Mega Moolah – $5,956,662
Microgaming’s famous Mega Moolah online slot can always be relied on to pay out life-changing wins. The largest win for these pokies landed in May, clocking in at $8,165,457. Early in September, one fortunate gambler took home another Mega Jackpot, which at the time was worth a drool-worthy sum of $4,746,504. In mid-October, someone else scored $3,558,641 on the same safari-themed pokies.
Later in October, another punter won $4,444,248 on the same game, and in November, the pokies paid out an equally juicy jackpot of $2,771,825. In fact, Mega Moolah has paid out an incredible jackpot worth over $1m nearly once a month on average this year!
3. Mega Fortune – $4,853,228
September brought about an incredible €4,853,228 win for one Mega Fortune player – but there was more to come. It was reported in November that a player had once again struck a monumental win while playing NetEnt’s Mega Fortune. The slot’s progressive jackpot showered the thrilled player with an unbelievable haul worth €4,187,576 – one of the largest to have been paid out this year.
One very lucky player also struck casino gold when playing the same progressive slot in December. The punter in question hit the slot’s iconic Mega Jackpot on December 9, 2019, pocketing a hefty cash prize of €1,016,967. That’s the equivalent of nearly $15 million in local currency!
4. Millionaire Genie – $3,528,387
The Millionaire Genie pokies from Random Logic made a few players very happy this year. One punter, in particular, managed to land a whopping $3,528,387 prize when playing it at a relatively low stake. That’s definitely one way to make all your dreams come true…
5. Joker Millions – $3,109,781
Yggdrasil Gaming’s Joker Millions of pokies is another game known for being generous to a fault. In April, one of its fans managed to land its top progressive prize, pocketing the first jackpot for the game in the 22 weeks prior. Later in September, the same game made another player $3,040,869 richer.
All the above pokies are big payers, but it is clear the biggest is Mega Moolah. Mega Moolah is renowned for regular payouts and massive jackpot wins, it’s even made some lucky online casino players millionaires.
One thing to remember is that most of the gaming developers have the highest payout pokies. Not only Microgaming, NetEnt, Thunderkick, Real Time Gaming, Betsoft, and various others have such pokies at their respective online casinos to play.
The RTP varies 92.5% to 95.9%
Thus payout depends on the game you choose to play and the software of the game. Also, higher payouts are the machine’s credit denomination. Higher payouts are usually offered at the higher denominated pokie. One study showed that nickel machines at a certain casino averaged payouts of 92.5%, while quarter machines provided a 94.1% ratio. The rate of return on that casino’s dollar pokie was 95.9%, and the machines that featured a five-dollar minimum paid out at 98.4%.
Knowing this information can help a player decide not only what machine to play but also how much to wager. For example, if six spins are played per minute with a max bet of three credits, a player can expect to wager 1,080 credits per hour. When the payback percent on a machine is 95%, the player might expect to lose 0.05 x 1,080 = 54 credits. On a nickel machine, it would be $2.70. On a quarter machine, that’s $13.50. And when playing a dollar machine, it works out to $54. The size of the player’s bankroll will determine which denomination is worth the risk.
You can play all these pokies at Aussie-friendly online casinos with real AUD or BTC.