Jun
29
Cheques as casino payment option
Filed Under Casino
Hitting that elusive big jackpot is surely the favorite dream of casino players. However, many people don’t know what options the casino will use in how to pay out a jackpot. If the jackpot is under $5,000 an attendant will usually verify the jackpot and then get your winnings. In the case of a larger or progressive jackpot a casino technician will generally verify that the machine was working properly when you hit the jackpot. If you strike it rich on a progressive machine, such as Megabucks, then a representative of the company will validate the jackpot before giving you a cheque.
One thing you can count on is that very sizeable jackpots will almost always be paid by cheque. Huge payouts like Megabucks are usually issued as a partial amount. You are then given the option of a lump sum or annuity on the remaining amount. The most common of casino payment methods practiced by multi-million dollar jackpots like Megabucks is an initial cheque payment for a partial amount followed by either a lump sum or an annuity on the balance depending on what the winner decides on after 90 days.
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