Here’s how it works:
Say there is a fee of $100/racer:
50 % of that goes to Jackpot Racing to cover expenses as well as incorporates a percentage that goes toward some charitable or local foundation:
The rest, or the other 50 % gets split up among YOU the racers/contestants as follows:
- 35% to Age Groups
- 15% to Overall
So, for example: If there are 70 female contestants for a 5K race:
- F25- Under = 10
- F26-35 = 20
- F36-45 = 20
- F46-55 = 10
- F55+ = 10
- For Age Group F36-45: 20 x $100 = $2000
- 50% to JPR (Jackpot Racing) = $1000
- 50% to the contestant pots = $1000
- From that pot: 35% of each contestant fee goes into their Age Group Pot;
- For the Age Group, F36-45: $1000 x 35% = $350 in their Age Group Pot
- 1st place = $200
- 2nd place = $150
- For the Age Group, F36-45: $1000 x 35% = $350 in their Age Group Pot
- 15% to Overall Pot = $7.50 from each contestant, so $7.50 x 70 (total # of contestants) = $525
- 1st Overall = @$262
- 2nd = @$175
- 3rd = @$105
- From that pot: 35% of each contestant fee goes into their Age Group Pot;
Contestants have the opportunity to win BOTH Age Group AND Overall Pots!
Our Age Group Categories for both Men and Women are broken down as follows:
- 25 – Under
- 26 – 35
- 36 – 45
- 46 – 55
- 55+