Party Bad Beat Jackpot: Absolute Crap?

[RydenStoompala]

Thought I would check out the rules on this popular beast. I am anxious to know the math when they pay out to quad 8's or better, set aside 30% of the jackpot, and...

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Every time the jackpot is hit, 70% of the jackpot amount will be distributed and 20% will be used as seed amount for the next jackpot. 10% will be retained by Party Poker as administrative fee.

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Holy vig, batman! Is it just me or is the mob running online poker? $8 grand plus on each payout for adding a junk gimic game to a site?

This is better than being legally able to sell tabacco!