Caesars Entertainment announces the introduction of the Mega Beat Progressive Poker Jackpot to the Las Vegas poker market where participating Las Vegas poker rooms will launch the Mega Beat Progressive Poker Jackpot starting at $200,000.
With a progressive model the jackpot has the potential to climb to more than $1,000,000, making it one of the largest promotional poker jackpots in the casino entertainment industry. This multi-casino promotion offers poker players of all skill levels the opportunity to play for a chance at life changing money. The Mega Beat Progressive Poker Jackpot will award not only the losing hand and winning hand but all players actively playing in any of the participating Caesars Entertainment poker rooms.
Players are invited to participate at seven Caesars Entertainment resorts including Harrah’s Las Vegas, The Quad Resort & Casino, Flamingo Las Vegas, Bally’s Las Vegas, Planet Hollywood Resort & Casino, Caesars Palace and Rio All-Suite Hotel & Casino.
The Mega Beat Progressive Poker Jackpot is a prize that is paid when a strong hand is shown down and loses to an even stronger hand held by another player. For instance, if player A has a losing hand of Quad Fives and player B has a winning hand of Quad Sixes. The winning and losing hands must be the participant’s best possible combination of five (5) cards, which must include both of the participant’s hole cards (four of a kind must have pocket pair). The Bad Beat Jackpot is a progressive jackpot. When a Jackpot is won players will split the Mega Beat Progressive Poker Jackpot as follows:
· 20 percent of the Jackpot will be awarded to the Mega Beat hand (losing player);
· 10 percent of the Jackpot will be awarded to the winner of the hand
· The remaining 70 percent of the Jackpot will be equally divided as shares among all of the seated players on any Mega Beat Progressive Poker Jackpot eligible game at all eight (8) linked properties. The winning and losing player of the hand will also get a share in addition to the prize listed.
The minimum losing Mega Beat Hand will start at four (4) aces and, based on the size of the Jackpot, the required hand will be lowered by one (1) four of a kind ranking hand until the required hand is four (4) deuces. In effect, the bigger the jackpot, the easier it becomes to hit the jackpot without any qualification requirements or tournaments. When the Jackpot is hit the required hand will revert back to four (4) aces and the Jackpot will reset at $200,000. (See chart below)
MB JACKPOT AMOUNT QUALIFYING HAND
Between $200,000 and $300,000 Four (4) Aces (A’s) or higher loses
Between $300,001 and $400,000 Four (4) Kings (K’s) or higher loses
Between $400,001 and $500,000 Four (4) Queens (Q’s) or higher loses
Between $500,001 and $600,000 Four (4) Jacks (J’s) or higher loses
Between $600,001 and $700,000 Four (4) tens (10’s) or higher loses
Between $700,001 and $800,000 Four (4) nines (9’s) or higher loses
Between $800,001 and $900,000 Four (4) eights (8’s) or higher loses
Between $900,001 and $1,000,000 Four (4) sevens (7’s) or higher loses
Between $1,000,001 and $1,100,000 Four (4) Sixes (6’s) or higher loses
Between $1,100,001 and $1,200,000 Four (4) Fives (5’s) or higher loses
Between $1,200,001 and $1,300,000 Four (4) Fours (4’s) or higher loses
Between $1,300,001 and $1,400,000 Four (4) Three’s (3’s) or higher loses
$1,400,001 and higher Four (4) deuces (2’s) or higher loses