Bad Beat Jackpot

Bad Beat Jackpot. (a) A licensee may elect to offer a card room promotional activity involving a jackpot for one or more pre-designated high value hands when such a hand is held by a player as a losing hand. Such a promotion is defined as a Bad Beat Jackpot. (b) The jackpot shall be paid from a separate fund created and maintained from pot contributions at tables where a Bad Beat Jackpot will be offered. This fund shall meet the following criteria: 1. The fund shall consist of a primary jackpot amount with no more than two additional jackpot amounts. The primary jackpot will be the current Bad Beat Jackpot, which the amount shall be prominently and conspicuously displayed in the card room. 2. The remaining levels, if utilized, may be maintained without public display. The next available jackpot amount will automatically become the primary jackpot once the current Bad Beat Jackpot is paid out. 3. A separate escrow account shall be maintained for the purpose of re-seeding the lowest jackpot level. Funds in the escrow account shall be used for the purpose of re-seeding the Bad Beat Jackpot. 4. A second separate fund may be established by the casino licensee to fund card room promotions provided the funds are awarded to card room patrons participating in jackpot eligible card games of the type supplying the funds. 5. No more than thirty percent (30%) of the jackpot rake shall be distributed into the promotional fund. 6. The Bad Beat Jackpot levels shall not be capped or frozen. 7. The Bad Beat Jackpot levels shall not be used to fund promotional activities except that a small percentage of the primary jackpot may be offered as a mini-bad beat jackpot. 8. Any changes to the bad beat promotion may only be implemented after the current Bad Beat Jackpot is won. (c) A licensee offering a Bad Beat Jackpot shall post the rules in a conspicuous location within the card room. The rules shall include at a minimum: 1. The jackpot rake 2. The time of the day when the jackpot will be updated, which shall be no less than once per gaming day 3. The games eligible for the Bad Beat Jackpot 4. The qualifying hands with all specific requirements 5. The players qualifying for a portion of the jackpot 6. The percent of the jackpot awarded to each qualifying player 7. The procedure for Bad Beat Jackpot verification 8. The minimum age requirement to participate in the Bad Beat Jackpot