The Woodbine Entertainment Group has announced a mandatory payout date of Saturday, March 11 for the current Standardbred Jackpot Hi-5.
Horseplayers will have three more opportunities to wager on the Woodbine Racetrack Jackpot Hi-5, which currently has a carryover of $476,469, before the wager is suspended following this Saturday’s card (March 4) in preparation for the mandatory payout.
The current Jackpot Hi-5 carryover has been growing since January 7, which was the first card to offer Hi-5 wagering following a mandatory payout on December 23.
The most recent mandatory payout (December 23, 2016) had more than $2 million of new money wagered into the pool, which featured a carryover of $548,396, to create a total pool of $2.6 million.
A winning 20-cent ticket on the December 23 Jackpot Hi-5 returned $4,842.70.
The December 23 mandatory payout was not the first time the total pool exceeded $2 million.
A mandatory payout on October 24, 2015 at Woodbine generated a total pool of more than $2.2 million, with $1.6 million of new money wagered into the Hi-5 that evening. The 20-cent payout was $12,746.60
On August 30, 2014 at Mohawk, the Jackpot Hi-5 total pool was $2.5 million, while a mandatory payout on May 17, 2014 at Woodbine had a total pool of $2 million.
The Jackpot Hi-5 requires horseplayers to select the top-five finishers in order and features a $0.20 minimum wager with a 15 per cent takeout.
More details regarding the mandatory payout on March 11 will be distributed following this Saturday’s card. Post time for live racing Thursday, Friday and Saturday at Woodbine is 7:30 p.m.
(WEG)