Jackpot Super Hi-5
will feature A Guarantee as long as the carryover continues
EAST RUTHERFORD, NJ – (March 12, 2015) With the last
race Jackpot Super Hi-5 pool featuring a carryover of $161,277, The Meadowlands
announces that if there is one winning ticket and the last race jackpot is hit,
the payout will be guaranteed to be $200,000.
Going forward, as the jackpot carryover continues to grow,
the guaranteed payout will also increase. Once the carryover reaches
$200,000, the jackpot payout will be guaranteed at $250,000, a $250,000
carryover will result in a $300,000 guaranteed jackpot payout, etc.
“The Jackpot Super Hi-5 pool has averaged between $28,000
and $35,000 of new money wagered each night,” said Director of Racing
Operations Darin Zoccali. “When the carryover reaches a threshold that
triggers a higher guarantee, the first few nights of that guarantee, the total
pool may be less than the guarantee, so if the jackpot is hit, the guarantee
will further reduce the takeout rate, which is already an industry-low
eight-percent (8%).”
Since being implemented, the Jackpot Super Hi-5 has sported
an average nightly payout of $3,790 for a $.20 cent wager. This is thanks
to 75% of the pool being paid out each night, with 25% of the pool carried over
into the jackpot.
The Meadowlands Jackpot Super Hi-5 is offered in the fifth
and last race on each racing program and the minimum wager is just $.20 cents.
The fifth race carryover is presently $47,522, while the
last race carryover is $161,277.
The Meadowlands offers live racing ever Friday and Saturday
night with first post time at 7:15 P.M.
