diff --git a/scoring/utils.py b/scoring/utils.py
index c2342cb9d..8666aedbb 100644
--- a/scoring/utils.py
+++ b/scoring/utils.py
@@ -473,15 +473,19 @@ def assign_ranks(
 def assign_prize_percentages(
     entries: list[LeaderboardEntry], minimum_prize_percent: float
 ) -> list[LeaderboardEntry]:
-    total_take = sum(e.take for e in entries if not e.excluded and e.take is not None)
-    for entry in entries:
+    # Distribute prize % according to take
+    # anyone who takes less than the minimum gets redistributed up iteratively
+    scoring_take = sum((e.take or 0) * int(not e.excluded) for e in entries)
+    for entry in entries[::-1]:  # start in reverse
         entry.percent_prize = 0
-        if total_take and not entry.excluded and entry.take is not None:
-            percent_prize = entry.take / total_take
-            if percent_prize >= minimum_prize_percent:
-                # only give percent prize if it's above the minimum
-                entry.percent_prize = percent_prize
-    # renormalize percent_prize to sum to 1
+        if entry.excluded or not entry.take:
+            continue
+        percent_prize = entry.take / (scoring_take or 1)
+        if percent_prize < minimum_prize_percent:
+            # remove take from pool since they don't get prize
+            scoring_take -= entry.take
+        else:
+            entry.percent_prize = percent_prize
     percent_prize_sum = sum(entry.percent_prize for entry in entries) or 1
     for entry in entries:
         entry.percent_prize /= percent_prize_sum
diff --git a/tests/unit/test_scoring/test_utils.py b/tests/unit/test_scoring/test_utils.py
index 60dd2a83e..8db26f8e1 100644
--- a/tests/unit/test_scoring/test_utils.py
+++ b/tests/unit/test_scoring/test_utils.py
@@ -17,6 +17,7 @@ class TestScoringUtilsHelpers:
             ([6, 3, 1, 0], 0, [0.6, 0.3, 0.1, 0]),
             ([6, 3, 1, 0, -1], 0, [0.6, 0.3, 0.1, 0, 0]),
             ([6, 3, 1, 0, -1], 0.25, [2 / 3, 1 / 3, 0, 0, 0]),
+            ([0.90, 0.049, 0.041, 0.01], 0.05, [0.90 / 0.949, 0.049 / 0.949, 0, 0]),
         ],
     )
     def test_prize_percentages(self, entry_takes, minimum_prize_percent, expected):