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Record $1,853,875.84 Online Progressive Jackpot won at Casino Swiss

Discussion in 'Online Casinos' started by spearmaster, May 1, 2005.

    May 1, 2005
  1. spearmaster

    spearmaster RIP Ted

    Occupation:
    Devil's Advocate
    Location:
    Heaven
    Unfortunately, it wasn't me :(

     
    Last edited: May 1, 2005
  2. May 1, 2005
  3. largeeyes

    largeeyes Dormant account

    Occupation:
    Engineer
    Location:
    North America
    So how exactly do you get paid 1.8 million dollars from an online casino? Wire transfers I'm assuming?
     
  4. May 1, 2005
  5. polli123

    polli123 Webmaster CAG webmeister

    Occupation:
    Student
    Location:
    Germany
    I would say a couple of cheques.
     
  6. May 1, 2005
  7. Mugwump

    Mugwump Dormant account

    Location:
    Oho
    Just send it over to Netteller, please! I want all of those 'wonderful' netpoints!
     
    Last edited: May 1, 2005
  8. May 1, 2005
  9. spearmaster

    spearmaster RIP Ted

    Occupation:
    Devil's Advocate
    Location:
    Heaven
    Rumor has it that they will be presenting her a check in person at some yet-to-be-disclosed location. ;)
     
  10. May 1, 2005
  11. largeeyes

    largeeyes Dormant account

    Occupation:
    Engineer
    Location:
    North America
    Interesting. We see these giant jackpots(really anothing into the mid 5 figs is pretty darn big) and I've been getting curious how they pay out these kinds of sums of money.
     
  12. May 1, 2005
  13. elscrabinda

    elscrabinda Experienced Member PABnorogue PABnoaccred

    Occupation:
    jvonsofdmpvs
    Location:
    Oxford
    With Swiss, chances are it will involve a series of livechats spreading over several weeks getting differing information from each people, deliberate attempts to avoid paying out and complete denial that any jackpot ever existed.
     
  14. May 1, 2005
  15. jetset

    jetset Ueber Meister CAG

    Occupation:
    Senior Partner, InfoPowa News Service
    Location:
    Earth
    I'm not sure how other major companies handle their record progressive payouts, but having met with two of the Major Millions winning players who hit over the million jackpots I know that Microgaming / Jackpot Madness pays out in cash and in one payment. Free financial advice facilities are offered with it.
     
  16. May 1, 2005
  17. Vesuvio

    Vesuvio Dormant account

    Location:
    UK
    Though if the player's lucky she'll be banned and saved from receiving spam e-mails from them each day for the rest of her natural life :rolleyes:
     
  18. May 1, 2005
  19. eek

    eek Dormant account

    $5,000 a month...once the faxback clears :D
     
  20. May 1, 2005
  21. largeeyes

    largeeyes Dormant account

    Occupation:
    Engineer
    Location:
    North America
    By cash you mean a check, right? Not one of those suitcases.....??? :)
     
  22. May 2, 2005
  23. winbig

    winbig Keep winning this amount. webby PABnononaccred

    Occupation:
    Bum
    Location:
    Pennsylvania
    Would love to be in their shoes right now. Just curious, what exactly are the odds in hitting one of those progressives????
     
  24. May 2, 2005
  25. spearmaster

    spearmaster RIP Ted

    Occupation:
    Devil's Advocate
    Location:
    Heaven
    Normally, jackpot funds are pooled by the manufacturer from all participating casinos - so they should realistically have the funds available to make the payment in one lump sum.

    I believe this is what is going to happen, though I am not fully aware of the actual process involved as it is still being set up.

    What Jetset says is definitely true about the Microgaming jackpot system - it is well-organized, made in one payment, and even comes with financial advice.
     
  26. May 2, 2005
  27. chuchu59

    chuchu59 gambling addict CAG PABnonaccred

    Occupation:
    EXECUTIVE
    Location:
    SOMEWHERE IN ASIA
    Did this beat the Major Millions jackpot? I would have thought it was darn close.
     
  28. May 2, 2005
  29. jetset

    jetset Ueber Meister CAG

    Occupation:
    Senior Partner, InfoPowa News Service
    Location:
    Earth
    Swiss Casino has given us more information in a response to a press query.

    The winner is a 30-something American, CariM. The full amount of the win will be paid in one transfer, and advice is being provided to her by expert financial planners.

    She first signed up at the casino in Jan this year. When she made the big hit she had deposited $110 on Sat 30th April and played around 1 hour and 20 minutes before she hit the jackpot! The winning bet cost $16.
     
  30. May 2, 2005
  31. maxlevine

    maxlevine Webmaster webmeister

    Location:
    Montreal
    I believe Major Millions biggest jackpot was over $1.6 million in 2003.

    Max
     
  32. May 2, 2005
  33. Sodax77

    Sodax77 Dormant account

    Occupation:
    Human Being
    Location:
    EU|FI
    Yes. €1,453,610.18 ~ $1,779,827.44

    From Jackpotmadness:
    -----

    Joaquim Wins €1,453,610.18 - Largest Online Jackpot EVER!
    "It will be my 50th birthday in July as well as my 25th wedding anniversary in August. So I’m planning on celebrating these two events with my winnings."

    Joaquim M., won €1,453,610.18 ($1,779,827.44) on Major Millions on June 1, 2004 at Jackpot City.

    -----

    Joaquim M $ 1,779,827.44 Jackpot City 01 Jun 2004
    Jim L $ 1,683,526.64 Lucky Nugget Casino 18 Jul 2003
    Ronald H $ 1,626,184.56 Golden Tiger Casino 20 Feb 2003
     
    Last edited: May 2, 2005
  34. May 2, 2005
  35. eek

    eek Dormant account

    Well I hope her advisers mention that she will save around 35% x $1.8 mill if she goes abroad 'cos of US taxes on gambling.

    $630,000 extra dollar bills in your pocket could be handy for a few shopping trips
     
  36. May 2, 2005
  37. Lord_Have_Mercy

    Lord_Have_Mercy Quit Gambling

    Location:
    Parts, Unknown
    Hell, Playtech cheats people out of enough money from BJ to easily pay her 1.8 million
     
  38. May 3, 2005
  39. largeeyes

    largeeyes Dormant account

    Occupation:
    Engineer
    Location:
    North America
    Well, she'd have to relinquish citizenship to do that.....
     

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