$3 Million Record Breaking Ca$hola Jackpot Continues to Climb
Ca$hola, the first ever multi- state progressive video lottery game to be offered among U.S. states, continues setting new records with a jackpot currently estimated at over $3 million and climbing. This current jackpot has been growing since last won on January 1, 2007.
The previous highest jackpot payout was $2,143,008 won last October 2006 at Mountaineer Park in West Virginia. Ca$hola's jackpot is based on a thirty-year annuity and can also be taken as a cash option equivalency.
Sales of the popular game began in July 2006 at venues located in the video lottery states of Delaware, Rhode Island, and West Virginia. Ca$hola features a shared prize pool that creates the progressive jackpot game that can be won by players in all three states.
Ca$hola is the first and only game to tie together video lottery terminals from different manufacturers and different central computer systems located in different jurisdictions. While each of the three participating states have operated progressive jackpot games at a single location and also at multiple locations within their respective jurisdictions, the $3 million jackpot is the largest ever offered in these jurisdictions. "Everyone is very excited about having broken the $3 million jackpot mark," says Gerry Aubin, Rhode Island Lottery Director and Chairman of the three state group known as the Multi-State Wide Area Progressive. "Our players continue demonstrating their appreciation for these large progressive jackpots."
Ca$hola's jackpots start at $165,000 and will grow to an expected average jackpot of nearly $1 million won about once a month, and reaching $2 million or more at times. The game can be played in nickel, or quarter denominations, to be determined by each jurisdiction. There are currently 221 machines throughout the three states that can be played for winning the jackpot.
To comply with local laws and rules, each participating machine offers two components of the game, the base game with odds and payouts unique to each jurisdiction, and the common progressive jackpot game available to all players. To qualify for a progressive jackpot win, players must use the max bet option - a $2.25 play. The odds of winning the jackpot are one in seven million.