ALEXANDRIA, Va., June 16 -- United States Patent no. 12,307,860, issued on May 20, was assigned to IGT (Las Vegas).
"System, method, and device for back-betting progressive prize pools in a gaming system" was invented by Kevin Higgins (Reno, Nev.), Christopher Levin (Reno, Nev.) and Jeffery Shepherd (Reno, Nev.).
According to the abstract* released by the U.S. Patent & Trademark Office: "A system may manage a first prize pool based on a plurality of wagers placed at a plurality of electronic gaming machines (EGMs) for a game of chance or skill. A second prize pool may be managed based on a plurality of back-bet wagers placed at the plurality of user computational devices for an outcome of the game of chance or skill. An award can be distr...