As part of the closure of the Microgaming Poker Network on 19th May 2020, the two types of jackpots we offer must be decommissioned.
There are six jackpots offered in our poker product – the Bad Beat Jackpot, and five Fish Party Jackpots. Microgaming will be returning all funds collected from players which currently sit in these jackpots.
Bad Beat Jackpot
The Bad Beat Jackpot will be stopped on the 4th May 2020.
If you logged into our poker product at any time during 2020, you will receive any contributions you made to the Bad Beat Jackpot back into your account. (See Note 3 below for further detail).
Any excess funds in the jackpot (for example, contributions from inactive players or players whose accounts are locked or inaccessible for whatever reason) will be awarded in a freeroll which will take place on Monday 18th May 2020 at 20:00 CET. The freeroll will be open to all players who made a contribution to the jackpot in 2020.
Fish Party Jackpots
There are five Fish Party jackpots, at the €1, €5, €10, €20 and €50 level. Each jackpot is actually a blend of two jackpots which hit under the same winning conditions:
- A fixed jackpot, which awards up to 5,000x the buy-in. This jackpot is not a progressive and players don’t contribute anything to it.
- A progressive jackpot, which starts at €0 and increases by 0.85% of each buy-in. For example if a €10 Fish Party SNG starts, 3 players contribute 8.5 cents each to the jackpot (a total contribution of 25.5 cents).
When the Fish Party winning condition hits, both the fixed and progressive jackpots pay out simultaneously, combining to become a large progressive win.
For example, at the time of writing the €50 Fish Party jackpot stands at €454,284.27. This is made up of a €250,000 fixed jackpot (5,000 x 50) and €204,284.27 of progressive contributions from players.
The Fish Party jackpots will be stopped on the morning of the 18th May 2020. If you logged into our poker product at any time in 2020 you will receive your contributions back into your account.
Any excess funds in each progressive jackpot (for example, contributions from inactive players or players whose accounts are locked or inaccessible for whatever reason) will be awarded in a freeroll which will take place on Monday 18th May 2020 at 20:30 CET. There will be five freerolls in total, one for each buy-in level. Each freeroll will be open to players who made a contribution to the corresponding jackpot in 2020.
1 – From time to time Microgaming may add money to the Bad Beat Jackpot. Any such money will be refunded to Microgaming first. Only money contributed to the jackpot by players will be returned.
2 – For the avoidance of doubt, for each Fish Party jackpot only the progressive jackpot contributions, not the fixed jackpot, will be returned to players. (The fixed jackpot was not collected from players in the first place).
3 – With both the Bad Beat Jackpot and Fish Party jackpots, all of a player’s contributions that remain in the jackpot (i.e. have not been awarded through a jackpot win already) will be refunded to them. ‘Logged in in 2020’ is the criterion to be eligible for the refund, but all-time contributions will be returned (as long as they remain in the jackpot).
Q. How much will be refunded? What will the freeroll prize pools be?
A. As of 12:52 GMT on 13th March, the values were:
|Jackpot||Direct Refunds to Players||Freeroll Prize Pool|
|€1 Fish Party||€3,611.52||–|
|€5 Fish Party||€43,889.84||€8,121.37|
|€10 Fish Party||€29,621.99||€4,676.70|
|€20 Fish Party||€48,388.63||€12,451.31|
|€50 Fish Party||€76,670.73||€128,128.76|
Please note that the above values are subject to change as the jackpot sizes fluctuate.
Q. Why are only active players getting refunds?
A. Many of our poker rooms have inactive account policies. With such poker rooms, when an account is inactive for a period of time, the account is zeroed.
We want to ensure that this money goes back into the poker community, and not swept up by inactive account policies. Therefore we are only refunding players who are active.
To ensure you get your share of all the jackpots, simply log in at any time between now and the 4th May 2020.
Q. What players will not be eligible to receive a refund or play in the freerolls?
A. Players whose accounts are closed, whatever the reason, will not receive a refund and are not eligible to play in the freerolls. For the avoidance of doubt, this includes players who have self-excluded.
Q. I played with multiple poker rooms during 2020. Can I enter the freerolls more than once?
A. No, you will have only one entry in the freeroll. The account which you logged into most recently will be entered into the freerolls, any others will not be able to play.
Q. What about casino jackpots?
A. Microgaming’s casino jackpots are unaffected by the closure of the MPN and will remain available to players.