keno blank carries the legend, "$50,000 limit
to aggregate players each games," or in some instances
the figure given is $25,000, depending on the casino
and the grand prize money it offers. What this means
in plain English is that the casino is liable for
a total payoff of $50,000 on any one games, not an
individual payoff. If two players happen to catch
enough numbers for each to collect $50,000, they'll
have to split that $50,000 between them. No total
payout on any one keno games will exceed this amount,
except for the progressive payouts, which states ambiguously
on the ticket, "Progressive limit $200,000 maximum."
This means the same thing as the aggregate payout,
and the casino will pay each winning player in one
games his portion of that progressive payout. If it's
the limit of $200,000 and two players have won, each
will get $100,000.
By having this rule, the casinos lower their risk
even further, though there really is no need for them
to do this. I never heard of any case where two players
were able to claim the top prize, and even if that's
happened, it wouldn't make more than a dent in the
casino's profits from keno.
I had written in a previous edition that the casinos
in Nevada could give $50,000 or even $100,000 as their
top prize and still not be hurt. Well, that day has
arrived with the standard $50,000 payouts and enhanced
progressive payouts amounting to as much as a quarter
of a million dollars. With the progressive payouts
the casino takes no risk either, for to move from
$50,000 up to $200,000 takes a lot of games in which
no one has claimed the grand prize, and the casino
has more than made back its money by the time someone
is fortunate enough to win the $250,000.
When someone does win that kind of money, the casino
gets a further benefit in the way of publicity. More
and more players will flock to that games, hoping that
lightning will strike twice. No matter which way they
slice the keno pie, the casino operators get the biggest
portion for themselves.