Since the launch of Red Tiger’s Daily Drops network in February 2019, £25m has been paid out in Daily Drop Jackpots according to SlotCatalog, the data-driven intelligence platform for slot games for the igaming industry.
The digital casino landscape is fickle and is changing at an ‘unprecedented rate’ as operators deal with increasing demands of savvy players engaging with digital gaming entertainment services.
SlotCatalog, who ‘facilitate and assist operators in its business goals and decision making in marketing and product for online players’ shared insight into the ‘innovative, accessible, player-friendly progressive jackpot mechanic’ of Daily Drop Jackpots which offered a prize sum of £40,000 to £60,000.
A spokesperson explained its findings: “As of May 2020, £25m has been paid out in jackpots in total. In August 2019, the Daily Drop Jackpot Network paid out its biggest-ever daily prize with one UK Betsson player scooping €78,429 from a €2 stake on Dragon’s Luck Power Reels.
“The evening of February 19th saw a lucky Interwetten player win a €10,274 Hourly Jackpot with a 20 cent spin on Dynamite Riches.
With the continued desire of digital natives and the now generation, it is very likely the popularity and the format of daily jackpots shall increase accordingly.”
There are three different Red Tiger Jackpot drops with the Hourly Drop Jackpot, which is a three to four figure jackpot which drops every hour of the day, the Daily Drop Jackpot, which drops every day at a specific time, and the Super Drop Jackpot which is a medium sized progressive jackpot that falls multiple times per day.
Since launching in February 2019, Daily Drop Jackpots have gone on to become ‘very popular with players’ according to Slotcatalog due to the players psychology. It elaborated: “players would rather have the opportunity to play for the prize today as against tomorrow.
“The concept is simple; each day, more and more operators connect their online casino brand to the daily jackpot network, thus allowing massive daily jackpots to be won against large progressive jackpots taking time to hit.”