In horse racing, a Jackpot Carryover occurs when only a single winning ticket collects the total Jackpot pool, commonly associated with Super Hi-5, Pick 5, and Pick 6 wagers. If multiple tickets win, a portion of the pool is reserved for future Jackpot pools, with typically 70% paid to winners and 30% carried over. A Mandatory Payout is when a track pays out the entire pool to all winning tickets on a specific day, often the final day of a meet, disregarding the single winner rule, and awarding the pool to the closest ticket if no one wins.
Jackpot Carryover: Only a single winning ticket will collect the total Jackpot pool.
Jackpot Carryovers are typically offered on Super Hi-5, Pick 5, and Pick 6 wagers.
- If there are multiple winning tickets (multiple players have 5 of 5 correct on a Pick 5 or 6 of 6 correct on a Pick 6):
- The track sets aside a percentage of the pool to be carried over to the next racing day this wager type is offered (this pool is called the Jackpot pool and is reserved for 1 single winning ticket).
- The remainder of the pool is paid out to all winning tickets.
- Typically 70% is paid to winning tickets and 30% added to the Jackpot carryover.
Mandatory Payout – a track can announce a mandatory payout on a specific racing day.
- This means the track will be paying out the entire pool to all winning tickets – there will be no carryover no matter what.
- When there is a mandatory payout, the “single winner” rule is not applied for Jackpot wagers. If no one has a correct winning ticket, whoever is closest will receive the entire pool including any Jackpot pool.
- Mandatory payouts are most common on a track’s final day of their meet.