o.k, so you just hit a major progressive jackpot!!! what happens next ?

GGW Laurie

Dormant Account
Joined
Jun 16, 2006
Location
In the Beautiful South !!
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:D.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
 

GaryWatson

Dormant account
Joined
Jun 15, 2007
Location
Europe
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.
 

Casinomeister

Forum Cheermeister
Staff member
Joined
Jun 30, 1998
Location
Bierland
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.
 

classymom

Dormant account
Joined
Aug 2, 2007
Location
Port St lucie Florida
But what if your in the States - wouldnt a big win cause a big flag to be waived with the banks?
 

Mousey

Ueber Meister Mouse
Joined
Sep 12, 2004
Location
Up$hitCreek
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.
 

Casinomeister

Forum Cheermeister
Staff member
Joined
Jun 30, 1998
Location
Bierland
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.
 

Casinomeister

Forum Cheermeister
Staff member
Joined
Jun 30, 1998
Location
Bierland
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.
 

AuntieIdiot

Dormant Account
Joined
Dec 23, 2004
Location
land of forbidden gambling
I have also wondered how a "major progressive" would get paid to someone from the U.S. In 2005 (pre-UIGEA) I won almost $46,000 on LotsaLoot and it was wired to my bank account, no questions asked. I told my husband if I was to ever win another big jackpot I would fly out of country if I had to and pick up my check in person...is that an option? Inquiring minds do need to know!

I have attached a screenshot of my LotsaLoot win as I have never posted it here before.
 

bb28

Dormant Account
Joined
Nov 18, 2006
Location
US
I have also wondered how a "major progressive" would get paid to someone from the U.S. In 2005 (pre-UIGEA) I won almost $46,000 on LotsaLoot and it was wired to my bank account, no questions asked. I told my husband if I was to ever win another big jackpot I would fly out of country if I had to and pick up my check in person...is that an option? Inquiring minds do need to know!

I have attached a screenshot of my LotsaLoot win as I have never posted it here before.

Wow! Bet that was awesome, belated congratulations!

:thumbsup:
 

GGW Laurie

Dormant Account
Joined
Jun 16, 2006
Location
In the Beautiful South !!
I have also wondered how a "major progressive" would get paid to someone from the U.S. In 2005 (pre-UIGEA) I won almost $46,000 on LotsaLoot and it was wired to my bank account, no questions asked. I told my husband if I was to ever win another big jackpot I would fly out of country if I had to and pick up my check in person...is that an option? Inquiring minds do need to know!

I have attached a screenshot of my LotsaLoot win as I have never posted it here before.
..........belated congrats also auntie:thumbsup: i have thought the same thing, id be packed and be on a plane as fast as you could say "jackpot":D im sure there is some law about how much you can bring back into the country, check or not.
 

Westland Bowl

Tin Foil Hat Club Member
PABnonaccred
CAG
Joined
Nov 1, 2005
Location
America
I myself wondered about this a while ago. I decided that if I win that kind of money, then I'll try to open a bank account in UK or elsewhere and get a debit/credit card from them to use Stateside. But if the American peso continues to fall, then that $3 million shrinks to what, below 1 million British Pounds?? (my keyboard doesn't have the pound sign.)
 

AuntieIdiot

Dormant Account
Joined
Dec 23, 2004
Location
land of forbidden gambling
Wow, sweet win Auntie! Bet it took awhile to sink in that you had hit that!

I literally sat there for an hour or so staring at the screen...I also called the casino to make sure it was for real...I was shocked beyond belief. I had just signed up at the casino (Maple Casino) a few days before that and was actually afraid that I wouldn't get paid because I didn't know much about them and had never requested a withdrawal before, but sent in my docs and was paid very quickly.
 

SlotKing

New Member
PABnonaccred
Joined
Jun 18, 2006
Location
Kentucky, ya'll...
I know of a few MG casinos where they will actually fly you out to the casino's operations to celebrate, etc.. but in order to collect on the JP you MUST be able to go over there and essentially be available for them to do whatever they want with their publicity dept (read the T&C's... it's there).... this means passports, visas, customs declarations (since you are bringing back more than $10,000 of goods you would be required to declare it, assuming you didn't have a bank wire done), etc....

Just be ready to be publicized like you have never dreamed before... lol.... THEN start screaming... lol :D

Kris
 

w8n4win

Dormant Account
Joined
Feb 4, 2007
Location
Right Here
I literally sat there for an hour or so staring at the screen...I also called the casino to make sure it was for real...I was shocked beyond belief. I had just signed up at the casino (Maple Casino) a few days before that and was actually afraid that I wouldn't get paid because I didn't know much about them and had never requested a withdrawal before, but sent in my docs and was paid very quickly.

:lolup: I bet! I would never have thought to call the casino, I'll have to remember that, you know, just in case!
 

zebedy

No!!!! Im Spartacus
Joined
Jun 1, 2007
Location
Up a Tree
wtg AuntieIdiot thats a nice shot,






i know what would happen if i won a few million on a progresive slot,

id get run over by a bus as i went to pick up the check:sob:
 
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