Jackpot Rewards removes guarantee of $1m weekly winner

Jackpot Rewards, the Newton online sweepstakes and shopping discount company backed by big-name investors Jack Connors and Peter Lynch will no longer guarantee that someone will win its $1 million weekly sweepstakes.

When the company launched in February, Jackpot Rewards emphasized its weekly guaranteed $1 million drawing -- open to members who paid its $3 weekly membership fee, or to other people who entered the contest by sending in a postcard.

Now, people will have a chance at $1 million each week, but there will be no guarantee that someone wins. The company will offer a guaranteed $1,000 weekly winner, according to chief executive Jim Miller. Miller would not disclose how many members have signed up for Jackpot Rewards.
(By Carolyn Y. Johnson, Globe staff)