Quote:
Originally Posted by rubixxcube
What US land based casinos take administration fees? It is illegal to do this in nevada and many other states, from the nevada gaming board: https://gaming.nv.gov/modules/showdo...ocumentid=4507
Promotional Progressive Pots and Pools, Drawings and Giveaway Programs
Note 1: Promotional progressive pots and pools are defined as pots and pools which are contributed to by poker patrons and distributed back to poker patrons based upon the occurrence of a predetermined event.
Note 2: A promotional progressive pot or pool is, pursuant to Regulation 5.110, a “progressive payoff schedule” and must not be eliminated unless in accordance with Regulation 5.110.
14. The dollar amount of funds contributed by players into the pools is returned when won in accordance with the posted rules with no commission or administrative fee withheld.
Like another poster said this is not the case in California or Florida or Indian preserves which comprises most the casinos outside Nevada/jersey. (I think maryland returns 100% like Nevada fwiw)
It also has blurred lines at what “returned to player pool” is in a lot of instances. I think one casino used it to fund their progressive blackjack jackpot (in Atlantic City I think?) but could be mistaken. Chester harrahs mgm national harbor and multiple other casinos in Florida have used it to fulfill overlays on tournaments that didn’t reach guarantees.
I really don’t see how people could think other people managing their money when the casinos have no incentive to protect the money is a good idea when there are too many instances of mismanagement to count (in all life in general and especially business more then something small like this)