Players Against Progressive Jackpots in Installments

The influential Casinomeister information portal has recently added 40 Playtech-powered websites to its "not recommended" list for insisting on progressive jackpot payments in installments, thus renewing the debate on whether progressive jackpots should be paid at once or gradually in installments.

This question inevitably brings to mind the example of a player who hit a $4.2 million Playtech jackpot on the Joyland online casino website back in 2008, but couldn’t withdraw more than $9,000 a month as per casino's regular-win maximum withdrawal rule.

At that rate, it would have taken the player almost 40 years to finally receive the total progressive jackpot amount, not to mention the constant risk of the company undergoing management changes (which it subsequently did).

According to Casinomeister reports, the casino management then offered the player a deal of half the jackpot in cash, using an anonymous email address, most likely to ensure they are not connected with such a questionable deal.

As Playtech had already paid out the jackpot in full to the casino management, they decided to take the casino's part as the casino decision was covered by the standard T&Cs to which the player had agreed before signing up, Playtech claimed. Afterwards, Joyland was acquired by the William Hill group, and it transpired that the withheld half of the jackpot had gone missing.

Presently, the progressive jackpot installment payout remains part of T&C in around forty Playtech-powered operations.

Players disagree with such payout concept as they understand progressive jackpots are gathered by small contributions from every bet made and are kept separate by the software provider so that the payment can be executed right away when the jackpot is hit.

Additionally, underlining that the software provider pays full jackpot to the operator, player community insists that the operator should therefore do the same with the lucky player.

A number of punters have also pointed out that they would not play progressives if they knew that the amount would be paid in installments in the event of a jackpot hit.

  • No avatar medium


    • male
    • offline
    • 11
      thanks given
    • 10
      thanks received
    That's a weird rule and if I hit a big Jackpot I would like to use the money now, not after 20 years...There's no problems with NetEnt or Microgaming huge jackpots and they are paid after verification process ended, so Why Playtech guys cant take such the great example? 4.2 millions with 9k monthly instalments, they gotto be kidding.. All Jackpots should be paid within 1 month maximum, because players already made the profit for jackpot games..

lcb activities in the last 24 hours

  • 39
    new members
  • 619
    members online
  • 19616
    guests online
  • 139
    new posts
  • 560
    free games played
Join the club

Highest Community Rated Online Casinos

Swipe left or right to see more

Latest forum posts

Join today and start earning rewards

You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
S logo

Report to moderator

Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

Please note that your email address will be revealed to the moderators if you use this

Select Language
Search Results