Monthly Archives: April 2018

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While the odds are rarely going to be in your favour, it’s entirely possible to win it big while playing at the casino provided you manage to be in the right place at the right time. The process is largely the same for offline and online casinos, with the online benefits being the free spins no depositoptions you have to play with and a few steps of the equation being streamlined due to the nature of having an account.

The first thing that’s going to happen when you’re playing in a brick and mortar casino is the win is going to get verified. This is usually a simple process and may involve a technician making sure the machine is functioning properly, there was recently an incident where a woman believed she had won $43 million but was informed the machine had malfunctioned and had won only $2.50. In this situation, keeping calm and waiting for the win to be verified is the smartest move- starting to dream too early could lead to heartbreak. Once the machine’s been verified and your win confirmed, then it’s time to start thinking big and planning how to spend your cash.

The next issue you’re probably going to face is that you need to get your identity confirmed- most casinos will get this in the form of a Social Security or National Insurance Number, depending on where you live and what the applicable ID would be. Once you’ve proven you are who you say you are, the casino will likely ask for your bank account details so you can take the win in the form of a bank transfer. While a lot of casinos would prefer to pay in cash so you can get right back to gambling, if the win’s big enough that’s probably going to be quite impractical. The other downside to this is that, depending on where you are, the next details the casino are going to want off you are your tax details. If you win in America, you’re going to be taxed on the winnings almost as soon as you’ve claimed (though if you gamble frequently, you may be able to deduct a certain amount).

Once you’ve gone through the verification and details checking stages, you have to decide how you want to receive your cash. Lump sum? Monthly payment? There are a few options on offer and without knowledge of your situation, we can’t advise which is best for you but it’s a good idea to look at your options!

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