The national obsession with poker, fueled in part by TV coverage of high-stakes tournaments, has drawn droves of players into Station Casinos poker rooms, whose Jumbo Jackpots have swollen as a result.
Since the end of August, the Jumbo Hold ”˜em Poker Progressive has hit at least five times. And 964 players have split nearly $550,000 in prize money.
Since the "bad beat" progressive’s inception 18 months ago, the elusive bad beat has hit 21 times, and total prize money between the companywide progressive and individual property progressives has topped $4.8 million.
"Our poker rooms have never been busier," said Weldon Russell, corporate director of poker for Station.
The Station Casino Station Casinos Jumbo Holdem’ Poker Progressive is awarded when four-5s or better is beaten by a higher 4-of-a-kind or better — a "bad beat." When hit, the jackpot is shared by all qualified hold ”˜em players at all Station Casinos.
The winner and loser of the "bad beat," in addition to their jackpot, also receive a player’s share of consolation money. The loser receives $35,000 and the winner receives $20,000. Every qualified hold ”˜em player receives a guaranteed minimum of $200. The progressive jackpot is reset at $100,000, and increases every day until won.