What if i win the Jackpot!!!

Hi Members,

As i sit cozy in my living room playing slots online, i start to dream what i would do if i won the Jackpot or random pot. I look up at the jackpot and it is up to 159K. Wow, instantly i find myself on a tropical island sipping margaritas. As i lay on the beach my only concern is where will i travel next! With each spin i eagerly await..will i be the one? Will my name be in lights across the screen as the big winner....ahhh what a happy day if it were to happen. But in my heart i think i will never be that lucky!

Then out of the dark...like a lighting bolt....BOOM..my  dream comes to a screeching halt. What if i did win a HUGE jackpot...could i really claim it. My fears start to kick in. How would i explain such a large sum of money that suddenly appears in my bank account. Knowing that the bank reports any large deposit to the IRS..i panic. Will Uncle Sam confiscate it from me?

Suddenly i no longer hope for the big one...suddenly my dreams are shattered. This will be my luck...im gonna win and never be able to collect!

Has anyone ever won a big jackpot? Can the American dream come true? I wonder if anyone has had the same thoughts i have....

Lipstick

You would probably get like $2000 per month until the balance was paid. However, it probably depends on the casino software that you hit on. Microgaming would probably pay you really quickly and probably all at one time depending on the size of the it. I have won significant amounts and have always been paid every dime within 24 hours of cashing out. RTG, on the other hand is a totally different beast! They must have cash flow issues because to even get $100 on a cashout takes 2-3 months! I would hate to see how long it takes for them to pay thousands! I think if I remember correctly, they have a monthly withdrawal limit of like $2000. Would be nice to hit a big one, though! Even if I could only collect $2000 per month, I would be happy! Just knowing you had all that cash coming would be enough for me! Payday....cha ching!!!!

How would the bank here in the US handle something like that if it were a wire transfer from some other country?? Certainly it would be reported and can we be honest and say we won it from an On-line casino ? After we tell them how we recieved it, what then??  It makes me also afraid to "Win the big one."                                              PMM2008                             

Well put EVERYONE.  I have to agree, I don't think I want to hit "The Big One" at least not online anyway.  I will be happy hitting the little jackpots. (If I would cash out) hehe


GOOD LUCK ALL!!!!

Ive had these thoughts too.  I'm a lawyer and I keep meaning to look into this but I always get bogged down at work and then sucked into the slots on my breaks and never get to it:).  But I did see a profile on online gamblers, poker players mostly, on some news show, that had won hundreds of thousands of dollars and collected them on a regular basis AND showed their faces on TV.  I'm inclined to believe the laws are directed towards punishing the providers rather than the players but that still leaves tax implications that I am unaware of.  If I ever become motivated enough to check into it Ill post it somewhere.

hummmmmm!  Let see... What if I win the jackpot?
I will probably go to shopping with my teenage daughter everyday. What else...I will give half to my mom and put the rest of money to my bank to earn interest.
I don't buy any lotto tickets so I don't think I will ever win big money so for me, better off work my bu** off to enjoy my life I guess. Sounds depressing, huh!!!

Hi Members,

As i sit cozy in my living room playing slots online, i start to dream what i would do if i won the Jackpot or random pot. I look up at the jackpot and it is up to 159K. Wow, instantly i find myself on a tropical island sipping margaritas. As i lay on the beach my only concern is where will i travel next! With each spin i eagerly await..will i be the one? Will my name be in lights across the screen as the big winner....ahhh what a happy day if it were to happen. But in my heart i think i will never be that lucky!

What if i did win a HUGE jackpot...could i really claim it. My fears start to kick in. How would i explain such a large sum of money that suddenly appears in my bank account. Knowing that the bank reports any large deposit to the IRS..i panic. Will Uncle Sam confiscate it from me?

Lipstick

Oh..not funny Lipstick..They have done that to me before when I needed my money..went to the bank and it was totally drained.  NOT FUNNY!!!




Then out of the dark...like a lighting bolt....BOOM..my  dream comes to a screeching halt. What if i did win a HUGE jackpot...could i really claim it. My fears start to kick in. How would i explain such a large sum of money that suddenly appears in my bank account. Knowing that the bank reports any large deposit to the IRS..i panic. Will Uncle Sam confiscate it from me?

Suddenly i no longer hope for the big one...suddenly my dreams are shattered. This will be my luck...im gonna win and never be able to collect!

Has anyone ever won a big jackpot? Can the American dream come true? I wonder if anyone has had the same thoughts i have....

Lipstick


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I have huge wire transfers from Ireland into my account quite often, and so far, it has not been a problem.  But I know if it gets legalized, it will definately be.

Ok, if I hit a big one...I would like to go to Belize to do some scuba diving in their

beautiful coral reefs, and do a little hiking, and check out the Mayan Ruins, relax in the

seclusion of a remote village...and when I have had enough relaxing, come back to the

city, for some fun in the CASINOS!!   I may never want to go back.  Ahhh...Hold

that Marguarita please ::)

Actually I have a better idea,D.! If one of us win, we should put the money aside so when we get really, I mean really older, we can bulid a pretty mansion with many maids and our own casino in the play room...just imagine, AAAAAAAAHHHHHHHHHH~~~~~~~~~~~DREAM, DREAM, PLEASE COME TRUE.if I ever win, you will be the first to come and live with me, my sweet friend. big hugs.

Woo Hoo!! I won...I won....LOL...NOT

As loony as I am, I am also practical.  I would call my brother who is an attorney and ask him to refer me to a tax attorney.  Depending on what his advice would be then I would make my plans.  Being disabled I know I will never be able to own a home unless I get a windfall (I'm thinking the progressive cleopatra jackpot of 150K+ of course)so the first thing I would do is buy a home.  A nice ranch with some acreage out in the country but near my family.

But to bring us back to reality here is some advice that I found interesting while researching the Internet ....food for thought:

After a big win, planning is everything. The initial decisions you make are going to determine if the money will bring you great happiness or if you are destined to become another ‘riches to rag’ story.

Some of the most common pitfalls are:

Failure To Manage
Irresponsible Spending
Failure to invest properly
Lifestyle choices
Friends and relatives
Drugs and Alcohol

How to avoid these pitfalls?

Do not do anything until the gold dust clears from your head. Then find a tax attorney and financial advisor with verifiable track records. Most importantly, keep in mind that 50 million dollars does not go as far as it use to...hahaha

Nice post looney!! I hope all of us or some of us or even one of us here at LCB have an opportunity to have to plan our investments after a big win.  The pitfalls you mentioned are very true, and interesting.

Looney..you are cute   When I win, I will hire you as my advisor!

well ty nal....i have an accounting background...as if it wasnt obvious

OK NOW I REALLY WANT TO KNOW IF YOU COULD KEEP IT, OR GET PAID AT ALL, OR OR OR OR OR OR ................... SOMEBODY BRING IN THE EXPERTS PLEASE!!!

GOOD NEWS!!! You guys didn't lose - hopefully, if anything, you have won cuz if this didn't happen to you...

Used a $50 freechip code today after using a $10 freechip last week without deposit in between and not reading the terms and conditions...sometimes it's too easy to just want to get in there and play without realizing what it could have cost you every single time.

Today, I had a playthrough balance only $200 left to go and still over $1200 in my  account balance when I hit another big payout and decided to contact support to see if had wasted hitting 2 big payouts with funds I wouldn't have been able to claim only to find out I was right - got the greatest lesson I needed to learn - you just never know when a huge jackpot comes around and all you can do is take a screenshot - glad it happen with winnings I wouldn't cry over...ok maybe one tear then..but it wasn't the big jackpot or payout that I know I'm gonna hit someday and i KNOW i WILL be able to take it home cuz from here on in - I'm reading every term and condition for any bonus and abide by them (if I ever use them again - got me thinking - bonus vs no bonus which is better but that's another topic) Conclusion - in real money mode - PLAY TO KEEP YOUR WINNINGS or don't play at all unless it's in practice mode

If you have the time - I've included the transcript with support...


Gayan: Hello

Gayan: How are you?

Edward: hi i'm good

Gayan: How can I help?

Gayan: Great

Edward: can u tell me if i would be eligible to withdraw once i make the playthrough?

Edward: or do i need to make a deposit?

Gayan: Ok can I have your username please?

Edward: XXXXXXXXXX

Gayan: which casino are you playing?

Edward: luckyred

Gayan: Ok

Gayan: Im just checking for you

Edward: ok

Edward: cuz i had the initial $10 free chip...but also got a $50 chip today

Edward: the $10 i played last week..lost it pretty much right away

Gayan: Right im afraid per account is to only have 1 free chip this can cause your winnings to be voided.

Edward: awwww

Edward: and depositing now would do nothing?

Gayan: No

Gayan: What I suggest you to do

Gayan: is finish off the free bonus

Gayan: then make a depsoit

Edward: although i still have to playthrough..its the first time i'm actually winning

Gayan: that way whatever you win you will be able to cash out the winnings

Gayan: I understand but you have breached the terms of use

Edward: can you just wipe out my balance now? and i'll make a deposit

Edward: what if i hit another jackpot while just playing to get rid of my chips then i feel even more stupid

Edward: i'd rather clean it out than to see that happen

Gayan: Ok I can do that for you now

Gayan: One sec

Gayan: Ok thats been done for you now

Edward: thank...can u imagine the pain that would pierce right through you if you hit the one of the bigger jackpots but cant claim it

Gayan: Yes I can

Gayan: Your welcome

Edward: has it happened to someone?

Edward: can u tell me now what bonus i can claim with a deposit?

Gayan: yes it has

Edward: oh man...ouch!

Gayan: you can use the welcome offer

Edward: that's why i stop right now..cuz u never know

Edward: ok i'll do that

Gayan: If you click on the promotions page

Gayan: you will see all offer available.

Edward: ok

Edward: cool

Gayan: check the terms and conditions

Gayan: if you are happy then redeem the code

Gayan: before you deposit.

Edward: ok

Edward: are they different for each type of bonus?

Gayan: yes

Edward: i cant get the terms for the 400% first deposit

Gayan: * This offer is valid for first time depositors at the casino

Gayan: * The deposit and bonus must be wagered twenty-five (25) times before a cashout is permitted. Only the following games will count towards the playthrough of the bonus: Slots, Real Video Slots, Keno and Scratch Cards.

Gayan: * Deposits of a minimum $20 and up qualify for this bonus.

Gayan: * Players can only redeem either LUCKYRED400 or LUCKYRED100 on the first deposit, if they use both coupons all bonuses and winnings will be considered void

Gayan: * Each coupon can only be redeemed by the player one (1) time. The same coupon code cannot be used a second time.

Gayan: * Offer limited to one player per household/computer.

Gayan: * Maximum cashout for this bonus is $5000

Gayan: * Wagers on Baccarat, Craps, Roulette, War and Sic Bo, do not count towards this requirement

Gayan: * The bonus chips are unredeemable and will be removed from the associated cashout

Gayan: * Please redeem the coupon in the cashier before you make a deposit

Gayan: * Lucky Red Casino reserves the right to change the terms and conditions of this offer at any time and it is your responsibility to periodically check here for changes and updates.
Gayan: * In the event of a dispute, all decisions made by the casino will be final.

Edward: so if i take this bonus and i hit a jackpot still wouldn't win it!

Edward: ok then  no  i had better not take any bonus cuz I can only win $5000

Gayan: What do you mean by that?

Gayan: yes the max cash out is $5000

Edward: see that part...wow that would suck..LOL

Edward: i'll play without any bonus..that way no headaches

Edward: may i ask for your suggestion?

Edward: this is what i think players make a mistake of overlooking cuz its so different from a land casino

Edward: u can buy your chips even claim bonuses/promos but after you are done walk out with chips in hand or cash out the chips no questions asks other than your ID and player card if you've won large..the worst that can happen is you can get banned from the casino but at least you still keep what you've won -  just cant come back

Edward: sorry for all the questions...but do the terms carry over..for instance i decide to take the 400% bonus..but lose..and then able to either deposit or use a free chip...do i sitll have to playthrough what was left from the 400% and now plus the terms of the freechip?

Edward: Unless stated otherwise, the first three deposit bonuses claimed at Lucky Red Casino are subject to a maximum cash out restriction of $2,000

Edward: "A Splash of Cash
Did you know that our progressive jackpots just keep rising?" this a promotion u have advertising the jackppot yet only can get $2000

Edward: oh nvm....it was went on to advertise getting double comp pts for play the progressives

Edward: Gayan??? r u still there? or was i too much? sorry

Gayan: Sorry one sec

Edward: ok'

Gayan: Ok It is up to you how you would like to play

Gayan: But we do have alot of players who do not use coupons at all and just play with their own money

Gayan: that way there are no restrictions at all

Edward: yes and they are probably the winners

Edward: lol

Gayan: Well you can still be a winner using coupons

Gayan: the 1st 3 deposits do have max cash out

Gayan: but after 3 deposits most coupon will not have a max cash out with it.

Edward: did u read my message about the 400% bonus? does it carry over?

Gayan: let me just check

Edward: so my 1st 3 deposits regardless if i use a coupon or not have a max. cash out?

Gayan: No if you use a coupon then there is a max cash out

Gayan: if you dont then there are no restrictions at all

Edward: cool

Edward: and you are still checking on the 400% carry over thing

Gayan: you can only use 1 coupon on one deposit

Gayan: so once your balance is at $0 and all games are completed

Gayan: the coupon will clear off your account

Edward: ok just wanted to be clear

Gayan: and you will start fresh again if you made another deposit.

Edward: just dont want to have any regrets like i just did having to wipe the account clean 

Edward: thanks!

Gayan: Your welcome