Holly Cow!!! I can't believe it!

2brnot2b

Dormant account
Sorry for making a separate thread, but look!!!!



I deposited $50 and got $88 bonus. I hit that probably on my 20th spin! I still can't believe this! This is the biggest win I've hit and my first progressive ever! Now I'm not a virgin anymore! LOL

Does anyone know what should I do with the tax? I mean, what form should I fill out and stuff. Or maybe you can direct me to a website with that information?

Thanks in advance!

Man, I think I'm going crazy right now LMAO
 

scrollock

Senior Member
very nice win and well done to you!

for tax info it would help if we know where you are located.

dont start celebrating till you have been paid, lets just say there has been a few payment problems with this group recently, which has led to one of its sister casinos being rogued on this site.
 

2brnot2b

Dormant account
Oh no! I hope I'll get paid. I did take a screenshot of the history also just to be safe.

By the way, I live in Arizona.
 

Bruce Hamilton

Dormant account
Hope you read their
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page, especially this segment...
6.5.3 You are aware of and agree that the maximum amount that a Player can cash-out is $10,000 USD (or the equivalent amount in EURO or GBP currency) per month. This provision will not apply on the progressive Jackpot winnings.
It'll take you almost 8 months to collect, if you get paid at all. :eek:
 

slotchik

Dormant account
Bruce Hamilton said:
Hope you read their
You do not have permission to view link Log in or register now.
page, especially this segment...

It'll take you almost 8 months to collect, if you get paid at all. :eek:
No, it says the provision does NOT apply on progressive jackpot winnings.
 

thelawnet

Dormant account
2brnot2b said:
Sorry for making a separate thread, but look!!!!



I deposited $50 and got $88 bonus. I hit that probably on my 20th spin! I still can't believe this! This is the biggest win I've hit and my first progressive ever! Now I'm not a virgin anymore! LOL

Does anyone know what should I do with the tax? I mean, what form should I fill out and stuff. Or maybe you can direct me to a website with that information?

Thanks in advance!

Man, I think I'm going crazy right now LMAO
Make sure you complete the wagering requirements :)

Otherwise they will probably take the winnings away.
 

juliette

Dormant account
yeah, be sure to complete their T&C because (if not, like most of the casinos they will deny your withdraw...)
and tell us if your withdraw will be succesful...
 

scrollock

Senior Member
6.5.3 You are aware of and agree that the maximum amount that a Player can cash-out is $10,000 USD (or the equivalent amount in EURO or GBP currency) per month. This provision will not apply on the progressive Jackpot winnings.

wasn't it such a condition why CM placed cirrus on the "not recommended list"

when he done so, his explanation was

Added 30 June 2005


Cirrus Casino
Software provider: Real Time Gaming

The Question

Is this casino strapped for cash? Well, who knows but the casino staff. What is clear is that this casino will only pay you in chunks if you hit it big. The old paratrooper phrase comes to mind "Stay alert - stay alive!". This is something that all players should be alerted to.

Stated in their terms and conditions:
Players may request a withdrawal from their account at any time, but are limited to four withdrawals per month. The total withdrawal amount cannot exceed $8,000 per month. ($2,000.00 per week.) For High Rollers the limit is $12,000.00 per month. ($3,000.00 per week.)
This is a problematic clause, and any casino with a clause like this should be avoided (unless of course you don't plan on cashing out more than this at any time).


the more i think about it, the more i see the parallels between the virtual set-up & crown solutions.

for example they both own a whole host of casinos but deny that they have the same owners.
 

Simmo!

Moderator
Staff member
Bloody fantastic hit though. Well done :thumbsup: :D :thumbsup: :notworthy :eek2:

You'll probably be fine - as i understand it, progressives are centralised and probably paid by the operator as i think most casinos chip in to prog jackpots. I may be wrong though.
 

Aindreas_Daoc

Dormant account
Congratulations!!

Don't sweat the money, I'm sure you'll get paid. Especially progressives, as the money usually comes out of a "pool" from all the casinos that are linked to that progressive.

Just make sure you fulfill the terms of the bonus you get.

Wow...really nice win. Congrats again. :notworthy

Oh yeah, tax info: With that amount of money, you should probably hire a CPA in your area (probably runs around $200/hr tops) and figure out things together. If you have well documented gambling losses, the CPA can help you with that and the deductions alone should pay for the CPA's fee. Usually the CPA will tell you to save around 30% of it in CDs (or other liquid form of investment) that will mature around tax time, and you can send in the tax then.
 
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slotchik

Dormant account
or have it sent to Neteller, and withdraw $1,000 a day with your neteller atm card...and not pay taxes....LOL

Just kidding Mr. IRS...
 

KasinoKing

WebMeister & Slotaholic..
webmeister
PABnonaccred
CAG
MM
Holy Cow indeed! TOTALLY AWESOME! :thumbsup: :notworthy :thumbsup:

I'm sure you'll make 100% sure you meet all the T&C's before withdrawing.
Even if there is a limit - $8,000 a month? WOW!!!!

Shame you're not in England - no IRS, no TAX! :D

Enjoy your win! :thumbsup:
 

Ivy29

Dormant account
WTG!

I am so glad you hit this (now that I figured out who you are especially ;)

I couldn't buy a quarter with a $100 bill on that game, I figured it would roll to eleventy gazillion dollars and never hit.

I hope you get paid, and soon. I think you will (or they'll be sorry :D )
 

Stilcho

Dormant account
grats on the win, ask IRS when it comes to how to pay this, arizona is one of the states that still dont know what to do about online gambling specially wiinings. I think they will ask around 25% from this, it's up to you how you want to do this. contact IRS in arizona and see what they have to say.
 
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