The person that said winning isn’t everything, never won anything. Are you after the biggest winnings possible? Then you’ll want to check out jackpot slots. On top of the regular prizes, these machines have special high-paying win conditions called jackpots. These can be worth hundreds of thousands or even millions of dollars. BetAmo has one of the widest selections of jackpot slots available in New Zealand.
How are slot jackpot winnings taxed in New Zealand?
Inland Revenue classifies gambling as a recreational activity, rather than an income-generating one. This means that Kiwi players are unlikely to have to pay any income tax on their winnings.
Do slot jackpots hit often?
As the result of each spin is decided on a purely random basis, there is no way of predicting when a machine will hit a jackpot. You might not win the jackpot after spinning the reels a hundred thousand times or you may win several jackpots in a row. There’s no way of telling.
What is the difference between various jackpot slot types?
There are two main types of jackpot slots: progressive and non-progressive. When you play a progressive machine, a small part of each of your bets goes into the jackpot prize pool. Over time, this amount can grow to gigantic heights. Non-progressive machines offer smaller prizes and the jackpot consists of the publisher’s own cash.
How can I be sure my spin qualifies for a jackpot?
In order to be eligible for the jackpot, players have to make a certain minimum bet, which is usually higher than the slot’s minimum bet. Information on the size of this minimum, as well as all of the other terms and conditions of the jackpot, should be available in full in the slot’s paytable.
