Woodbine Harness: Jackpot Hi-5 building for mandatory payout date

Woodbine Entertainment Group (WEG) today 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.

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The most recent mandatory payout (December 23) 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 $0.20 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 $0.20 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 percent 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.

-edited release WEG