Do online casinos actually pay out

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So let’s say you are a citizen of the USA, and your slot or bingo jackpot exceeds $1,200. When someone wins a jackpot or a prize in a film, they always get exactly the amount of money they need to resolve some financial crisis as part of the plot.īut in truth, most of those characters would not get the money they needed in time, because a large chunk of their winnings would go right to Uncle Sam (or the applicable tax authority in their country). You didn’t think that you were going to get to keep all of that money, did you? This is a reality which is overlooked all the time in movies and TV shows. Next, the online casino is going to issue you a tax form.

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You may not need to reach out at all though there is a good chance that someone on staff will connect with you directly. So the first thing you should do is contact customer service to have them provide you with verification.

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Winning a jackpot is obviously a big deal.

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First, you need to verify that you have in fact won. There are some administrative and financial matters you are going to need to get sorted out before you start living your millionaire lifestyle. The reality is that you are not going to jump straight to the yacht and the margaritas. Let’s wait a moment before we start hiring the help.īut let’s backtrack a bit to the actual moment where you win a huge jackpot at an online casino.

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