Caesars Entertainment Atlantic City's Bad Beat Poker Jackpot hits record $702,182

ATLANTIC CITY, N.J. -- (PRESS RELESASE) -- Caesars Entertainment Atlantic City today announced its Bad Beat Poker Jackpot has just surpassed the previous record. Pooled from the Caesars Atlantic City, Bally’s Atlantic City, Harrah’s Resort Atlantic City, and Showboat Atlantic City properties, collectively, the current Bad Beat Jackpot sits at $702,182. The former Atlantic City Bad Beat Jackpot record previously was set at $672,115. The current amount has climbed ever since the last Bad Beat Jackpot hit at Caesars on March 1 for $281,000.

“This record Atlantic City Bad Beat Jackpot has generated a buzz like nothing else in our Caesars Entertainment poker rooms,” said Don Marrandino, Eastern Division President for Caesars Entertainment Atlantic City. “Players are lining up each and every day for a chance at this life changing 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.

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 $1.00 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 Caesars Total Reward poker rooms in Atlantic City at the time of the bad beat with the losing hand getting the largest share. On the heels of this Total Bad Beat Jackpot win, Caesars Entertainment immediately administers the reset jackpot at $100,000.

All players in the Caesars Entertainment family of poker rooms are eligible for a chance to receive the payout.