Hi bb1webs,
For most of the Microgaming jackpots, a % is taken from each bet and added to the progressive jackpot total, which is held separately by Microgaming. This percentage varies for different slots, but is on average c.3%. The slots work on a fixed coin size so this is standardised.
For the table games (e.g. Poker Ride), there is a separate fixed Jackpot bet, and it is this that is added to the Jackpot total.
When the Jackpot is won, the funds are transferred from Microgaming to the operator where the winning player is, and is paid out in one lump sum.
At 32Red Casino, one lucky player in January hit the King Cashalot Jackpot for over £1,000,000. The funds were transferred to her account immediately so she could start celebrating straight away!
I hope this helps! If you have any questions, please give me a shout :bigsmile:
Cheers,
Kate