13 Miss. Code. R. 3-3.9 - Discontinuing a Bad Beat Jackpot
(a) Once a bad beat
jackpot has been established, the licensee shall not discontinue the jackpot
except by a player winning the jackpot or unless the Executive Director
approves otherwise.
(b) The
licensee shall submit a proposal for discontinuing the bad beat jackpot to the
local Mississippi Gaming Commission District Office. The proposal shall include
the:
(1) Proposed date for discontinuation of
the jackpot.
(2) Proposed manner
for dispersing all jackpot levels and the escrow fund (i.e. changing the
qualifying hands, etc.).
(c) The licensee, upon approval by the
Executive Director to discontinue the jackpot, shall cease taking a jackpot
rake.
(d) The licensee, upon
approval by the Executive Director to discontinue the jackpot, may remove an
amount equal to the initial jackpot seed from the escrow account.
(e) The licensee shall post notification of
the intent to discontinue the bad beat jackpot in a prominent and conspicuous
manner in the card room.
Notes
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