(PRESS RELEASE) -- Harrah's Philadelphia announced that at 5:10 pm on Championship Sunday, its Total Bad Beat Jackpot of $183,623 hit at one of its Texas Hold‘em Poker 1-2 No-Limit tables. In addition to the two main poker players embroiled in the hand, five other players received a payout of $9,181 simply for sitting at the table at the time of the hit. To date, Philadelphia’s home of the Bad Beat has paid out over $1,925,635 in winnings.
“2013 was a tremendous year for Harrah’s Philadelphia poker players striking it big with our Bad Beat Jackpot, with this latest hit its seems that 2014 could possibly even be bigger,” said Ron Baumann, Senior Vice President and General Manager of Harrah’s Philadelphia. “Harrah’s Philadelphia would like to congratulate all the players stationed at the poker table at the time of the hit on Sunday, as well as the hundreds of others who have cashed-in since the Bad Beats’ inception.”
Anthony Nicodemo, of Philadelphia, PA, thought he had the winning hand when he laid out his Quad Kings, only to experience a bad beat when opponent David Gallagher, of Ridley Park, PA, flashed his King High Straight Flush and secured the win. The losing hand earned Nicodemo $91,811 while Gallagher added $45,905 to his wallet. The Total Bad Beat Jackpot currently sits at $119,727.
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 administered the reset jackpot at $100,000.
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