13 Miss. Code. R. 3-3.8 - 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
Notes
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