progressive jackpots

[steveyboy]

after reading through the forums on the different subjects the majority are about none payments from some casinos,if one was lucky enough to hit one of the progressive jackpots whom is responsible for the payment of the winnings and is there some that will only pay so much per month.

[Nate]

after reading through the forums on the different subjects the majority are about none payments from some casinos,if one was lucky enough to hit one of the progressive jackpots whom is responsible for the payment of the winnings and is there some that will only pay so much per month.

The Casino is responsible for the payment directly to you. I stand to be corrected, but being part of the Accredited List means that PJKP payments are to be made in a single lump sum. The only exception will be Wagerworks (for reasons that i am not aware of).

On the non payment of winnings issue, rather stick to an accredited Casino from this site and you will be much safer. Rogue Casinos tend to hold back payments even though the payment came from the software provider and not their own bankroll...

Nate

[footdr]

I have won numerous time as CW but have played at Inetbet and Rushmore just as long and have only won a small progressive once at InetBet. Never at Rushmore.

I play virtually 3 times or more per week at each X 4 years

[BigBet_Mel]

after reading through the forums on the different subjects the majority are about none payments from some casinos,if one was lucky enough to hit one of the progressive jackpots whom is responsible for the payment of the winnings and is there some that will only pay so much per month.

It depends on the casino itself, but from casinos I have worked with I know that the jackpot is paid to the winner in lump sums.. so you will receive for example an X amount per week or month until the total withdrawal amount is reached.

[winbig]

I have won numerous time as CW but have played at Inetbet and Rushmore just as long and have only won a small progressive once at InetBet. Never at Rushmore.

I play virtually 3 times or more per week at each X 4 years

yes. but those are random jackpots...the OP meant progressives...I don't think that RJ's are tied to the "lump sum" clause?

[chayton]

Ray won a progressive ($33K) at a Playtech casino and the casino at first wanted to pay in monthly installments. We did a PAB and once Max and Bryan got the parent casino manager involved, the payment was made in a lump sum.

From what I understand, when there are multiple casinos all offering a shot at the same progressive jackpot, a portion of each casino's income from play on that game goes to feed the progressive pot that's held in an account that's separate from the casinos (which is why I suspect that some rogue playtechs don't have access to the progressive jackpots - because they haven't been paying in.) But anyhow when a player wins the progressive, the funds from the account are released to the casino and then the casino pays the player.

If I'm operating a rogue casino and a player plays in my casino and wins a hefty $500K jackpot, once the funds are released to me I'm gonna think,
"Hmmmm, if I can string this player along with monthly payments, I can buy several pairs of Jimmy Choos and a solid gold toilet seat and that diamond encrusted Victoria's secret bra I've had my eye on...and in the meantime I can use the player's win to market my casino and bring in more suckers - er I mean players - and they'll throw enough money in that when the next payment to the player comes due, I'll have enough cash in the casino account. And if I don't, well...I can always cite processor problems and buy a little extra time. OR even better, I can lock out the player and say there's a fraud investigation and then I'll sell the casino to a reputable company and not tell THEM that the highly touted jackpot winner has only received three grand of their winnings!"

Aren't you guys glad I'm not running a casino?

[footdr]

I won 3556.00 random jp at CW but was only able to withdraw 3000.00 within one week

[liquuid_fusion]

I won about $117k at a Boss Media casino who at first wanted to pay in installments, but were persuaded to pay me in two lump sums after I got this website involved.

I also won a jackpot at Casino.com (aka Mansion) who paid in installments, however the installments were large so I didn't bother making a big issue of it. They paid about 20% of the win per month.

[Jasminebed]

There seems to be some confusion about "progressive" jackpots. RTGs random jackpots from real series slots and not considered progressives, even though they accumulate from all players AT THAT CASINO playing that slot or group of slots. They are generally referred to as "random jackpot" not "progressive jackpot"

RTG offers Progressives that are accumulated across at RTGs offering the progressive, and you can find a tab in the games menu for what games these are. The casino will make a payment to RTG for it's share of player contributions, and when the jackpot is won, RTG makes a payment to the casino in order for the casino to pay it to the player. If you take bonuses, you might want to familiarize yourself with which games are "progressive" as they are often excluded from coupon play.

Rival offers progressives run in a similar manner, and I believe that is how the ones on Playtech's Marvel Slots work as well.

MG also offers progressive slots, eg Mega Moolah, Wowpot, et al, and again, MG pays the progressive sum to the operator to pay to the player.

IMO, if the software provider is collecting the player generated revenues from these games, it would be appropriate for the software provider to pay these sums directly to the player, after appropriate security checks.

[winbig]

RTG offers Progressives that are accumulated across at RTGs offering the progressive, and you can find a tab in the games menu for what games these are. The casino will make a payment to RTG for it's share of player contributions, and when the jackpot is won, RTG makes a payment to the casino in order for the casino to pay it to the player.

The one exception to this is Bodog. If you've ever noticed, the progressive amounts on slots such as Jackpot Pinatas don't match up with any other RTG casino. Basically, Bodog's casino is a 'stand alone' model and is not on the RTG "network" of progressives. They're also the last casino to get the newest games. That's why I don't play there any longer.

I'm not sure if Bodog handles their own progressive pool or if it's still handled by RTG. But at least with Bodog, you're not going to get screwed.