Bingo payouts typically consist of cash which can start from as low as $50 at a small bingo hall, and rise all the way up to $1 million or more in a high-stake bingo game at a casino, or reputable online bingo site in the United States.
To play online bingo for real money in the US, you must access an online casino that offers the game. We’ve listed a few of the best bingo payout sites below.
Bingo payouts are not only limited to cash prizes, some of the other rewards can also include a car, travel expenses, and even novelty prizes at bingo halls.
Most online bingo sites offer cash money as bingo payouts. Although other sites may offer additional reward options. The money is transferred digitally to either a credit or e-wallet service.
You can check the kind of prizes that available for a bingo game. What’s more, you can check before playing the game.
All online gambling sites don’t pay out bingo winnings, as cash compared to bingo halls. They will have electronic banking options to get your online bingo payouts into your bank account.
Bingo Payout Percentage: Jackpots
There are two types of jackpots found in online bingo games: progressive jackpots and pre-set jackpots. The bingo payout percentage can range between 50 to 60% on average.
Both offer great bingo payouts as well as additional opportunities for players to win real money, over and above the standard bingo prizes.
The general definition of a progressive jackpot describes prize money that accumulates over time and doesn’t stop until the jackpot is won by a player of that specific game. In this case, the jackpot starts at a certain amount and increases every time a player buys a bingo ticket.
This particular jackpot is offered for 90-ball and 75- ball games (this means US players stand a chance at winning this jackpot). To win, you must match a certain number of balls called out during the game.
Progressive jackpots vary depending on where you play and which online bingo site you use. Bingo payout sites usually create a number pattern on their respective Backoffice well ahead of every game, which will be the numbers required to win in that specific seating.
For example, a bingo site could set the jackpot at 45 numbers, and the starting progressive jackpot amount at $5000. To win, you will need to match all 45 numbers in 45 calls or under. When the jackpot is won, its prize money will revert back to another starting amount, and the same process repeats itself.
Pre-set jackpots are amounts that are pre-specified before the start of each game and are fixed. This means that the amount will not increase and is not affected by the number of bingo tickets bought or participants in the game. Every number callout is tied to a specific jackpot amount. To win this jackpot, you need to match every number on your bingo card.