jackpot 247

[craig1022]

hey guys i won a progressive jackpot £57000 via a bonus deposit and met all the bonus wagering conditions then went to withdraw and found out the maximum i can withdraw is £5000 per month. it is in the terms and conditions but surely that is not right it will take me one year to withdraw all my winnings which seems a bit of a joke. Has anyone else had a similar experience and if so what did you do ?

 

[HIGHIQ]

congrats on your wins...

which casino is it? is it lucky247?

i just google this jackpot247 never heard of before.. seems they have playtech games..

 

[aceking123]

hi im thinking its a playtech if so your going to have to wait sadly ( if its the other lucky247 then your in luck its a micro gaming site they payout in one )

 

[gagamel]

I think you mean jackpot247.com.
They have a limit of GBP 5000 per day not per month.

Cheers

 

[miso]

hey guys i won a progressive jackpot £57000 via a bonus deposit and met all the bonus wagering conditions then went to withdraw and found out the maximum i can withdraw is £5000 per month. it is in the terms and conditions but surely that is not right it will take me one year to withdraw all my winnings which seems a bit of a joke. Has anyone else had a similar experience and if so what did you do ?

First of all, congrats on big win. If it is indeed Jackpot247, then you should be alright. They are part of NetPlay group, which is huge. It owns Jackpot 247 and Supercasino.com, and it states in the terms that you can withdraw any amount up to your whole balance, no limitations. No mention about WD limits or progressive payouts.

Hope you get it and good luck,

Michael

Edit: Had another proper look at the terms, and they reserve the right to limit your winnings to 25k a month. Not bad, I think

 

[gagamel]

First of all, congrats on big win. If it is indeed Jackpot247, then you should be alright. They are part of NetPlay group, which is huge. It owns Jackpot 247 and Supercasino.com, and it states in the terms that you can withdraw any amount up to your whole balance, no limitations. No mention about WD limits or progressive payouts.

Hope you get it and good luck,

Michael

Max. withdrawal is GBP 5000 per day. I asked CS 10 minutes ago.

 

[craig1022]

thanks for all the responses guys. yes it is indeed jackpot247.com this is from the terms on there site... Please note where You choose to receive Bonuses from Us, and generate winnings from such Bonuses, in excess of Five Thousand Pounds (£5000) and You subsequently request a withdrawal, we reserve the right to restrict such withdrawal to be a maximum of Five Thousand Pounds (£5000) in any 30 day period. The remaining amount will be placed back into Your Player account... I thought with them being such a big company they would just pay out

 

[dionysus]

It's actually not an uncommon term. While it may suck, I'd still be stoked for $ in my acct every month.
I'd be more worried the casino folds before then. Looking at the front page, I'm not filled with confidence. GL though

 

[Tirilej]

This I found on the site regarding progressiv jackpots:

If You win a progressive jackpot, We reserve the right to, provided all these terms and conditions and all the Website's terms and conditions have been observed, pay or procure the payment of the prize money to You in equal monthly instalments of £20,000. For the avoidance of doubt, no interest will accrue in Your favour on any unpaid balance. In lieu of the monthly payments, a progressive jackpot winner may be offered the option of selecting a reduced lump sum amount based on the present value of the future payments.

 

[craig1022]

exactly my thinking i would rather receive it monthly but i have a funny feeling that the company is not going to be around much longer (don't ask why) and the fact i have to go on every 30 days and manually withdraw the funds

 

[craig1022]

This I found on the site regarding progressiv jackpots:

If You win a progressive jackpot, We reserve the right to, provided all these terms and conditions and all the Website's terms and conditions have been observed, pay or procure the payment of the prize money to You in equal monthly instalments of £20,000. For the avoidance of doubt, no interest will accrue in Your favour on any unpaid balance. In lieu of the monthly payments, a progressive jackpot winner may be offered the option of selecting a reduced lump sum amount based on the present value of the future payments.

does winning the progressive jackpot using bonus money not affect this though? I'm really unsure where i stand because i won it using bonus money

 

[Tirilej]

does winning the progressive jackpot using bonus money not affect this though? I'm really unsure where i stand because i won it using bonus money

I culdn't find any rules that you were not allowed playing progressivs using bonus money.
Some casinos don't allow that so you should always check before you do that.

If you were allowed to then it's still a progressive so that rule should be the one they pay after.

I'm curious though why you ask us. Why not ask the casino you won the jackpot on?

 

[craig1022]

I culdn't find any rules that you were not allowed playing progressivs using bonus money.
Some casinos don't allow that so you should always check before you do that.

If you were allowed to then it's still a progressive so that rule should be the one they pay after.

I'm curious though why you ask us. Why not ask the casino you won the jackpot on?

thanks for taking you're time to check, this is what it says in the terms... Please note where You choose to receive Bonuses from Us, and generate winnings from such Bonuses, in excess of Five Thousand Pounds (£5000) and You subsequently request a withdrawal, we reserve the right to restrict such withdrawal to be a maximum of Five Thousand Pounds (£5000) in any 30 day period. The remaining amount will be placed back into Your Player account.

i already have but they are insisting that i will be only receiving £5000 month hence why i was asking for advice. appreciate you taking you're time to respond

 

[Tirilej]

It sounds strange since they don't need to pay the progressive themselves.
Now don't play a cent back whatever they decide to do, because then the casino will earn all that money.

It's really not fair. Maybe someone can give you some good advice what to do.
I don't know so much

 

[craig1022]

It sounds strange since they don't need to pay the progressive themselves.
Now don't play a cent back whatever they decide to do, because then the casino will earn all that money.

It's really not fair. Maybe someone can give you some good advice what to do.
I don't know so much

it is indeed strange, i wouldn't be so bothered but like i said earlier i have a funny feeling they won't be around for another year to pay out lol

 

[jetset]

As the software provider and ultimate payer of its progressives (they presumably pay the whole amount in one tranche to the operator when a progressive is hit) Playtech has been repeatedly castigated for the subsequent and questionable behaviour of operators like this who then spread the payments out without paying interest on the original win, or try to persuade the player to accept a lesser amount in a full payment.

This is really questionable operator behaviour i.m.o. but Playtech does not seem inclined to do anything about it and it continues - we've seen a few cases in this forum and yet it still goes on.

The operator of course also hopes that any money returned to your account will be played back, thus giving them another opportunity to deprive you of your once-in-a-lifetime winnings.

With Playtech apparently continuing to turn a blind eye to this rotten operator conduct, and players still prepared to sign off on T&Cs that are detrimental to them in the event of a big win, I'm sure we will see more of these unfortunate cases in the future.

In short, it's morally wrong...but you're probably going to have grin and bear this.

 

[craig1022]

As the software provider and ultimate payer of its progressives (they presumably pay the whole amount in one tranche to the operator when a progressive is hit) Playtech has been repeatedly castigated for the subsequent and questionable behaviour of operators like this who then spread the payments out without paying interest on the original win, or try to persuade the player to accept a lesser amount in a full payment.

This is really questionable operator behaviour i.m.o. but Playtech does not seem inclined to do anything about it and it continues - we've seen a few cases in this forum and yet it still goes on.

The operator of course also hopes that any money returned to your account will be played back, thus giving them another opportunity to deprive you of your once-in-a-lifetime winnings.

With Playtech apparently continuing to turn a blind eye to this rotten operator conduct, and players still prepared to sign off on T&Cs that are detrimental to them in the event of a big win, I'm sure we will see more of these unfortunate cases in the future.

In short, it's morally wrong...but you're probably going to have grin and bear this.

you pretty much nailed it there! Although i want the winnings now £5000 pounds a month still isn't too shabby at all aslong as the casino doesn't go up in smoke haha