PokerWorld.com to refund Bad Beat Jackpot share
Awhile back, PokerWorld.com removed their Bad Beat Jackpot from all of their poker tables (even though their website still says "Coming soon!").
A reason was not given, but PokerWorld is no longer contributing a share on the Gold Chip Network.
Where does that money go?
If you're Harrah's Las Vegas (which this month got rid of their property-wide bad beat jackpot that essentially copied Station Casinos'), you put the money back into each property and let that casino hold their own promotions.
Online is still somewhat the Wild Wild West, with not much ramification if the money just ends up evaporating into someone's Swiss bank account.
As for PokerWorld, they're doing the right thing. Because they're able to track the exact jackpot drop players contributed, they will soon be giving refunds.
A nice little unexpected rakeback.
PokerWorld will email players individually once the refund has been deposited.