Video games have become incredibly popular across the world with gamers of all ages. And although most games follow predictable formats, some game developers employ tactics that keep players coming back for more. 

One of these tactics is the introduction of loot boxes. Comparable to jackpots in the iGaming industry, these prizes introduce an aspect of chance, where players may receive unexpected awards. 

But how do loot boxes compare to real-world jackpots in casino games?

What Are Loot Boxes?

Loot boxes are in-game purchases that give players a random selection of virtual items. These can include weapons, power-ups, or skins. The boxes can be bought with in-game currency or real-world money. 

The draw of loot boxes is simple: players have no idea what they’re going to receive. The chance of getting a rare or valuable item is what keeps them purchasing these chests, crates, or card packs. Some games may disclose possible items that could be included in the loot box, however, the contents are usually unknown, adding to the anticipation and surprise once purchased. 

What Are Jackpots?

Jackpots are found in the iGaming industry. A player wins a jackpot unexpectedly, most commonly when playing online slots. A jackpot can be defined as “the largest possible prize that can be won” and is accumulated over time as more players play the game. 

Many types of online casinos offer these types of prizes. Players who want to aim for the jackpot without disclosing their identities should view a list of no KYC casinos to find platforms offering incredible winnings without the need for logging in with IDs. 

Although online slots often pay out small winnings to players, the aim is to win the jackpot—which can happen unexpectedly. 

There are different types of jackpots available:

• Progressive: These increase incrementally as more bets are placed. 
• Fixed: The total prize money doesn’t change.

• Mystery: Only the organizer of the jackpot knows the amount, and it is set between minimum and maximum limits.

However, where loot boxes offer virtual rewards that can impact gameplay or aesthetics, jackpots provide real financial incentives. This difference explains why gambling regulators are increasingly reviewing loot boxes, especially in terms of how they might encourage real-world gambling. 

Comparing Loot Boxes and Jackpots

There are several commonalities between loot boxes and jackpots. Many loot boxes offered by games like Overwatch, Roblox, Mario Kart, and eSports titles, once opened, offer players the opportunity to spin a wheel to land a prize, mimicking roulette wheels or the popular Wheel of Fortune game. 

Apart from that, loot boxes are very similar to gambling, as chance is a key element in both. Loot boxes have a randomized nature, just like the random number generators (RNGs) used in slot machines where any spin might allow you to take home the prize. There is a sense of excitement, anticipation, and risk, which enhances the gaming experience. 

Both formats tap into human psychology, offering the draw of winning something valuable, making them irresistible to players and allowing for an unpredictable gaming session.