Those that like to play in New Jersey, take note... money set aside for a Progressive Jackpot may never actually be given out in the Jackpot and may be just taken by the casino as pure profit. With as little as 30 days notice, they can pull the machine and keep the cash which was supposed to be paid out to winners...
Under the old rules, when a casino wanted to shut down one of these progressive machines, it posted a notice that it intended to shut down the machine in 30 days. If someone hit the jackpot before the 30 days were up, the casino would immediately shut down the machine. If no one hit the jackpot, the casino had to move the player-funded part of the progressive to another progressive machine. Under the new rules, after 30 days the casino can just shut down the machine and keep the player-funded portion of the progressive jackpot.2nd change:
It used to be that a jackpot could be no less likely than 50,000,000 to 1. Now it can be 100,000,000 to 1. If a machine is played 6 spins per minute, 24 hours a day, 7 days a week, this jackpot will hit on the average once every 32 years. Really nice way to snatch those retirees' money even faster and leave less room for someone to even win a thing.
So, still wanna play in Atlantic City?
Link:
http://robison.casinocitytimes.com/article/new-jersey-casino-rule-changes-favor-casinos-59725