We've heard from users through our comments, Reddit, and other channels that you wanted more prizes. We're excited to announce changes to the prize structure for the next Series. In our data modeling, this change should increase average APYs for all users while also creating more winners each week. Here's a summary of the changes:

  • We've nearly doubled the amount of mid-tier prizes

  • Total number of prizes in the Series has increased by 5,605

  • We're shifting to paying out more in Weeks 1-3

  • The Grand Prize will be reduced from $25,000 to $10,000

  • The total payout per Series remains unchanged at $50,000

What does the new prize structure look like?

Weeks 1 -3 Prize Distribution

Prize Amount

# of winners (old structure)

# of winners (new structure)

$0.10

0

2,390

$0.20

3,375

1,500

$1.00

350

665

$2.00

300

573

$5.00

195

496

$10.00

100

237

$20.00

35

70

$100.00

2

4

$500.00

1

1

Total

4,358

5,936

Week 4 Grand Prize Distribution

Prize Amount

# of winners (old structure)

# of winners (new structure)

$0.10

0

2,390

$0.20

3,500

1,500

$1.00

750

665

$2.00

350

573

$5.00

290

496

$10.00

130

237

$20.00

40

70

$100.00

8

9

$500.00

3

4

$1,000.00

2

0

$10,000.00

0

1

$25,000.00

1

0

Total

5,074

5,945

Note: This Series structure is replacing the previous $25,000 grand prize with a $10,000 grand prize

How long will this new prize structure be in place?

We're constantly iterating on our product experience and will know more about the longevity of this new prize structure after this Series. Feel free to share your thoughts, comments, or feedback via in-app chat or support@getprizepool.com, we're all ears.

A big thanks to our users, we're excited to help you build a strong financial foundation.

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