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Caesars Atlantic City gives away Over $750,000

PRESS RELEASE

October 22, 2012

Caesars Entertainment Atlantic City announced that at 9:17 p.m. on Friday, October 19, its Total Bad Beat Jackpot of $598,612 hit at Harrah’s Resort Atlantic City, while a separate $160,000 Slot Jackpot hit at Caesars the following day. In two days, 263 winners took home their share of the $758,612 total payout.

The first floor of Caesars proved lucky for one player, as she hit for a $160,000 jackpot. The woman, who wished to remain anonymous, struck the jackpot at 11:34 a.m., while in the High Limit Slot area and playing a Double Top Dollar slot machine.

Roy Pilla thought he had the winning hand when he laid out his four eights, only to experience a bad beat when another player, Robert Page, flashed quad kings and sealed the win. Though he technically lost, Roy’s losing hand earned him $180,727 while Robert’s winning hand yielded him $120,865. In addition to the two players in the hand, another 260 players received $1,143 each for being in a Caesars Entertainment (Caesars, Harrah’s Resort, Bally’s and Showboat) poker room at the time of the Bad Beat. The Total Bad Beat Jackpot was immediately reset to $299,226.

“I couldn’t believe it when it happened; I’m still a little stunned to tell you the truth,” explained Bad Beat winner Robert Page of Egg Harbor Township, New Jersey. “I’ve been playing here for a while, because I feel like this is the best poker room in Atlantic City, but this is the first time I’ve really won such a substantial amount.”

On Tuesday, August 24, 2010, Caesars Entertainment Atlantic City introduced the City’s first-ever multi-casino Texas Hold’em Poker Room Bad Beat Jackpot initiative, and a starting jackpot of $524,045. Poker Room Bad Beat Jackpots at Harrah’s Resort, Caesars, Bally’s and Showboat now reflect one “Pooled” jackpot up for grabs. On Monday, August 13, 2012 Atlantic City’s biggest Total Bad Beat Jackpot, to date, of $787,320 hit at center Boardwalk, in the Caesars poker room.

The bad beat jackpot is a prize that is paid when a sufficiently strong hand is shown down and loses to an even stronger hand held by another player. The bad beat jackpot is progressive, with $1 taken out of each pot to fund the jackpot (in addition to the regular rake). When a jackpot is won, it will be split among all players sitting at a Bad Beat eligible table and in all of the Harrah’s Total Reward Poker rooms in Atlantic City at the time of the bad beat with the losing hand getting the largest share.

Payouts of the Total Bad Beat Jackpot are as follows:
30% of the jackpot will be awarded to the Bad Beat hand (losing player);
20% of the jackpot will be awarded to the winner of the hand;
The remainder of the jackpot will be awarded equally divided as shares among all of the seated players on any Bad Beat jackpot eligible game at all four linked properties. The players mentioned above will also get a share in addition to the prize listed. All winners will receive a minimum of $100.00.

The minimum losing Bad Beat Hand will start at four queens and each week. On Wednesday, the required hand will be lowered by one four-of-a-kind ranking hand until the required hand is four deuces. When the jackpot is hit the required hand will revert back to four queens and reset the next Wednesday. Example: If the jackpot is hit on a Monday the four queens would only be in effect for two days.

Return to New Jersey Casinos.


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