A Look at the Progressive Bounty Knockout Tournaments Offered at Borgata Poker NJ
May 31, 2023
Borgata Poker's online poker platform is one of the most popular poker platforms in the state of New Jersey. The platform derives a lot of its popularity because it offers a lot of interesting bonuses and tournament promotions. One of the favs among NJ online poker players is the operator's "Progressive Bounty Knockout Tournaments" promotion, which is currently available under the listed terms and conditions.
Management at Borgata Poker is treating this like an ongoing offer. It will remain on the bonus menu until management decides it's time to make some kind of change. To participate in the promotion, Borgata Poker customers will need to simply enter one of the daily Progressive Bounty Knockout Tournaments, which are available 7 days a week at 8:00 pm ET. These tournaments work as follows.
The game No Limit Texas Hold'em. The entry fee has been set at $320 to be distributed as follows:
- $150 goes into the guaranteed prize pool
- $150 is listed as each player's beginning bounty amount
- $20 is paid as an administrative fee
There are three ways that participants can enter. They can pay cash, use tournament dollars, or use tournament tickets.
The guaranteed prize fund is set at $7,500 for each tournament. Each player starts with 75,000 in chips. The blinds will increase every 10-12 minutes. Re-entries will be permitted until the end of level 15.
Once a player is eliminated, 50% of their bounty fund is released as cash to the player that eliminated them. The other 50% is added to the bounty account of the player that eliminated them. This will continue until there is an overall winner. The winner will get 100% of the runner-up's bounty account, plus a lion's share of the tournament prize fund. Prizes and the number of payouts will be determined based on the number of entries a tournament gets with the minimum set at $7,500, the guaranteed amount.
Borgata Poker is tied to the PartyPoker platform. They are permitted to operate in New Jersey and other states that have legalized online poker. Players in one state might be competing with players in other states if said states have passed cross-state online poker legislation, which has happened in NJ.
In New Jersey, online gamblers are required to be 21 years old or older and to be in the state when they are logging into their online poker accounts. To ensure compliance, Borgata's management employs geo-tracking software for tracking purposes.