Online Casinos - Casinomeister Logo Online Casinos - Casinomeister

Go Back   Casinomeister's Online Casino and Poker Forum > The Amazing World of Online Casinos and Poker Rooms > Online Casinos

Notices

Online Casinos Online Casinos - Information, Experiences, questions and such. This is no place for ads or cloaked promos. Shills and spammers be warned

Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 16th June 2008, 04:16 PM
lauriejim's Avatar
The Southern Belle (pdr)
 
Join Date: Jun 2006
Location: somewhere in the south
Posts: 2,136
WTGs: 909
WTGd at 974 Times in 134 Posts
Thanks: 5,123
Thanked 3,377 Times in 1,183 Posts
Nominated 0 Times in 0 Posts
TOTW/F/M Award(s): 0
Reputation Points: 16997
Rep Power: 105
lauriejim has a reputation beyond reputelauriejim has a reputation beyond reputelauriejim has a reputation beyond reputelauriejim has a reputation beyond reputelauriejim has a reputation beyond reputelauriejim has a reputation beyond reputelauriejim has a reputation beyond reputelauriejim has a reputation beyond reputelauriejim has a reputation beyond reputelauriejim has a reputation beyond reputelauriejim has a reputation beyond repute
o.k, so you just hit a major progressive jackpot!!! what happens next ?

just a question i have always thought about, its got to be like a billion to one odds but like they say in the lottery someone will win.if you were to be that lucky person and hit the over 3 million jackpot, how is it paid? partial, lump sum or what ever the casino pays out per week? could you ask for it to be sent to your bank and pay the taxes on it? i would like to know just how this is done and how any of the casinos have handled this on past winners, i mean they do exist, the over million dollar winners, right?...................laurie
__________________
" After All Tomorrow Is Another Day "
Reply With Quote
  #2 (permalink)  
Old 16th June 2008, 04:22 PM
Webmeister
 
Join Date: Jun 2007
Location: Europe
Posts: 806
WTGs: 2
WTGd at 0 Times in 0 Posts
Thanks: 260
Thanked 367 Times in 194 Posts
Blog Entries: 6
Nominated 0 Times in 0 Posts
TOTW/F/M Award(s): 0
Reputation Points: 1933
Rep Power: 19
GaryWatson has a brilliant futureGaryWatson has a brilliant futureGaryWatson has a brilliant futureGaryWatson has a brilliant futureGaryWatson has a brilliant futureGaryWatson has a brilliant futureGaryWatson has a brilliant futureGaryWatson has a brilliant futureGaryWatson has a brilliant futureGaryWatson has a brilliant futureGaryWatson has a brilliant future
I got paid in a $20 lump sum but I heard even bigger winners have been paid in installments, dependent on the site. As for tax. I dont pay tax on winnings. I think that is the standard in the UK, although ive never had a big enough win for it to be an issue.
__________________
Ive started back working on my Horse Poker site. For those who dont know, H.O.R.S.E is a game combining 5 different poker disciplines. Holdem, Omaha hi/lo, Razz, Stud & Eights or better (stud hi/lo)

HORSE poker players have to be pretty rounded. Take the quick Poker Test and check your standings.
Reply With Quote
The Following User Says Thank You to GaryWatson For This Useful Post:
lauriejim (16th June 2008)
  #3 (permalink)  
Old 16th June 2008, 04:24 PM
Casinomeister's Avatar
Xmas Cheer Meister
 
Join Date: Jun 1998
Location: Here near my Bier, my dear.
Posts: 13,748
WTGs: 10
WTGd at 32 Times in 18 Posts
Thanks: 1,459
Thanked 4,653 Times in 1,693 Posts
Blog Entries: 2
Reputation Points: 24129
Rep Power: 15
Casinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond repute
It's usually lump sum - at least with Crypto, MGS and Playtech.

If a casino offers to pay in installments, I would definitely turn that down. Lump sum and no exceptions.
__________________
Beer is living proof that God loves us and wants us to be happy
~Ben Franklin

Useful links: ~ Accredited Casinos ~ I-Gaming Representatives ~ Evil Section ~ My Wish List ~ The Meister on YouTube ~ Donate Now!

Reply With Quote
The Following User Says Thank You to Casinomeister For This Useful Post:
lauriejim (16th June 2008)
  #4 (permalink)  
Old 16th June 2008, 05:08 PM
classymom's Avatar
Meister Member
 
Join Date: Aug 2007
Location: Port St lucie Florida
Posts: 464
WTGs: 1,050
WTGd at 192 Times in 44 Posts
Thanks: 1,319
Thanked 450 Times in 188 Posts
Nominated 0 Times in 0 Posts
TOTW/F/M Award(s): 0
Reputation Points: 2388
Rep Power: 19
classymom has a reputation beyond reputeclassymom has a reputation beyond reputeclassymom has a reputation beyond reputeclassymom has a reputation beyond reputeclassymom has a reputation beyond reputeclassymom has a reputation beyond reputeclassymom has a reputation beyond reputeclassymom has a reputation beyond reputeclassymom has a reputation beyond reputeclassymom has a reputation beyond reputeclassymom has a reputation beyond repute
But what if your in the States - wouldnt a big win cause a big flag to be waived with the banks?
__________________
" life isn't like a bowl of cherries- It's more like a jar of jalapenos. What you do today, might burn your ass tomorrow."
Reply With Quote
The Following User Says Thank You to classymom For This Useful Post:
lauriejim (16th June 2008)
  #5 (permalink)  
Old 16th June 2008, 05:48 PM
Mousey's Avatar
Resident Rodent
 
Join Date: Sep 2004
Location: Up$hitCreek
Posts: 2,016
WTGs: 0
WTGd at 2 Times in 1 Post
Thanks: 1,522
Thanked 1,562 Times in 869 Posts
Nominated 7 Times in 1 Post
TOTW/F/M Award(s): 0
Reputation Points: 8174
Rep Power: 68
Mousey has a reputation beyond reputeMousey has a reputation beyond reputeMousey has a reputation beyond reputeMousey has a reputation beyond reputeMousey has a reputation beyond reputeMousey has a reputation beyond reputeMousey has a reputation beyond reputeMousey has a reputation beyond reputeMousey has a reputation beyond reputeMousey has a reputation beyond reputeMousey has a reputation beyond repute
Quote:
Originally Posted by classymom View Post
But what if your in the States - wouldnt a big win cause a big flag to be waived with the banks?
Since the UIGEA I will not play the big progressives... and even at RTGs, I stick with playing games w/JPs under $10k.

While I've never hit a random or a progressive (and probably never will), let's just say, I don't won't the hassle of a huge windfall from an online casino right now.
__________________
Alice: But I don't want to go among mad people.
The Cat: Oh, you can't help that. We're all mad here. I'm mad. You're mad.
Reply With Quote
The Following User Says Thank You to Mousey For This Useful Post:
lauriejim (16th June 2008)
  #6 (permalink)  
Old 16th June 2008, 05:57 PM
Casinomeister's Avatar
Xmas Cheer Meister
 
Join Date: Jun 1998
Location: Here near my Bier, my dear.
Posts: 13,748
WTGs: 10
WTGd at 32 Times in 18 Posts
Thanks: 1,459
Thanked 4,653 Times in 1,693 Posts
Blog Entries: 2
Reputation Points: 24129
Rep Power: 15
Casinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond repute
Quote:
Originally Posted by classymom View Post
But what if your in the States - wouldnt a big win cause a big flag to be waived with the banks?
Good question. You might have to make some sort of arrangements for payments. I know in the past of a guy in NY who won the Major Millions progressive for 1.6 mill. He had no problem getting paid - but this was before the new US law.
__________________
Beer is living proof that God loves us and wants us to be happy
~Ben Franklin

Useful links: ~ Accredited Casinos ~ I-Gaming Representatives ~ Evil Section ~ My Wish List ~ The Meister on YouTube ~ Donate Now!

Reply With Quote
The Following User Says Thank You to Casinomeister For This Useful Post:
lauriejim (16th June 2008)
  #7 (permalink)  
Old 16th June 2008, 06:03 PM
Senior Member
 
Join Date: Jul 2004
Location: uk
Posts: 417
WTGs: 11
WTGd at 0 Times in 0 Posts
Thanks: 91
Thanked 82 Times in 66 Posts
Nominated 0 Times in 0 Posts
TOTW/F/M Award(s): 0
Reputation Points: 454
Rep Power: 22
uungy is a glorious beacon of lightuungy is a glorious beacon of lightuungy is a glorious beacon of lightuungy is a glorious beacon of lightuungy is a glorious beacon of light
If you win on a Wagerworks casino, you would get paid in installments
Reply With Quote
The Following User Says Thank You to uungy For This Useful Post:
lauriejim (16th June 2008)
  #8 (permalink)  
Old 16th June 2008, 06:29 PM
Casinomeister's Avatar
Xmas Cheer Meister
 
Join Date: Jun 1998
Location: Here near my Bier, my dear.
Posts: 13,748
WTGs: 10
WTGd at 32 Times in 18 Posts
Thanks: 1,459
Thanked 4,653 Times in 1,693 Posts
Blog Entries: 2
Reputation Points: 24129
Rep Power: 15
Casinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond repute
Quote:
Originally Posted by uungy View Post
If you win on a Wagerworks casino, you would get paid in installments
That sucks. But on the upside, Wagerworks is a well funded publicly traded company based in the US. Welching on payments wouldn't be an issue.
__________________
Beer is living proof that God loves us and wants us to be happy
~Ben Franklin

Useful links: ~ Accredited Casinos ~ I-Gaming Representatives ~ Evil Section ~ My Wish List ~ The Meister on YouTube ~ Donate Now!

Reply With Quote
  #9 (permalink)  
Old 16th June 2008, 08:58 PM
Meister Member
 
Join Date: May 2007
Location: Germany
Posts: 226
WTGs: 2
WTGd at 0 Times in 0 Posts
Thanks: 97
Thanked 116 Times in 59 Posts
Nominated 0 Times in 0 Posts
TOTW/F/M Award(s): 0
Reputation Points: 590
Rep Power: 10
james01 is a name known to alljames01 is a name known to alljames01 is a name known to alljames01 is a name known to alljames01 is a name known to alljames01 is a name known to all
Quote:
Originally Posted by Casinomeister View Post
That sucks. But on the upside, Wagerworks is a well funded publicly traded company based in the US. Welching on payments wouldn't be an issue.
Unless they go under.
__________________
Top 10 Casino Bonus Offers
Reply With Quote
  #10 (permalink)  
Old 16th June 2008, 09:15 PM
Casinomeister's Avatar
Xmas Cheer Meister
 
Join Date: Jun 1998
Location: Here near my Bier, my dear.
Posts: 13,748
WTGs: 10
WTGd at 32 Times in 18 Posts
Thanks: 1,459
Thanked 4,653 Times in 1,693 Posts
Blog Entries: 2
Reputation Points: 24129
Rep Power: 15
Casinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond reputeCasinomeister has a reputation beyond repute
Quote:
Originally Posted by james01 View Post
Unless they go under.
I don't think IGT has "going under" in their business vocabulary
__________________
Beer is living proof that God loves us and wants us to be happy
~Ben Franklin

Useful links: ~ Accredited Casinos ~ I-Gaming Representatives ~ Evil Section ~ My Wish List ~ The Meister on YouTube ~ Donate Now!

Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Major bingo jackpot won jetset Bingo! 0 11th April 2008 09:16 AM
Serious progressive jackpot win jetset Online Casinos 21 27th February 2008 11:23 AM
Jackpot Win on Tunzamunni Progressive at Jackpot Factory Group Casinomeister Casino Industry Discussion 7 22nd February 2007 06:17 PM
Major Millions Progressive Screenshot Win tombomb Online Casinos 63 12th July 2006 10:46 PM
Any screenshot of Progressive Jackpot ?!? nektar4d Online Casinos 4 10th June 2005 10:53 PM


All times are GMT +2. The time now is 05:33 PM.


Powered by vBulletin® Version 3.7.4
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.2.0
© All Rights Reserved, 1998-2008
Inactive Reminders By Mished.co.uk