Withdrawl process for really big wins ?

Just wondering how jackpot wins are typically paid out by online casinos.  

  Normally the limit at this casino is $3000 with a $60 fee  and two day waiting period-and processed on the third "business day"

Their terms and conditions state that withdrawls over $3000  will be paid in increments of $3000 based upon agreed upon terms by the player and the  casino.

Have tried to contact them but so far just getting cookie cutter replies that don't even relate to my questions. 

Software won't let me request a withdrawl over $3000. 

  So just wondering what to expect while trying to withdraw over $50,000.  Which I  must say is an awesome problem to have but it 's got me worried.

Thanks for any input!

If the casino's t&c state this, the player has no other option,they need to make the withdrawals in installments until the full amount is paid out. So if you win 50K you will be paid in installemts up to $3,000. It can take months untill full amount of winnings is paid in total based on the agreement between a player and a casino. 

I heard about the bingo billy winner who won like 18k but they have a max cashout of like 500 a month. So I guess they are still on the installment plan. Europa I shot you a PM. Good to meet you.

Yes

Casino  payout according to their terms

However, with that said there are exeptions & sometimes different payouts terms whenever a Jackpot has been won - some casinos have a different payout strategy for Jackpot wins, that is different from regular play wins.

Not all casinos - But some do and they have a special section talking about what happens if you win a big jackpot amount.

I am okay with installments at $3000 if they process it as one withdrawl and I don't have to request a withdrawl for $3000 every week and pay $60 each time. 

 Just don't  know how to arrange that.

Okay lets clear things first

The withdrawal limit seems according to you $3000 per transaction? What is the monthly? Can you tell the casino name, so I can chase the terms and give a more detailed answer.

If its $3000 per transaction, with no monthly limits, then I would request a couple of $3000 withrawals and wait it out.

Looking forward hearing from you.

No VC will gladly send you 3000 at a time but you gotta request them individually. Maybe see if they can do 1 check and 1 btc. While you wait for the payments they will allow you to loose the money in the casino. lol

Also if its a Jackpot - Progressive : This is paid by the casino

Network Based - That is paid by the Provider itself. So if you were to win on Netent Mega Fortune Slot - Netent will pay you directly and the full installment all at once.

I won over £10000 once, it was £1000 per week and no more than £3000 per month, took over 3 months to withdraw. That was with an 888 group bingo site. and was fluffy favourites progressive..

Thanks for all the input!

 Don't want to share any of the specifics here just yet. Not until I  get in contact with the right person at the casino and see what we can work out. 

Now I  know what to expect, what's realistic and what's not. So thanks again.

I will let you know how it goes.

congrats on your win. hard for anyone to say they won $50000. you'll get it all straightened out. just remember you won!

europa99 wrote:

y the limit at this casino is $3000 with a $60 fee and two day waiting period-and processed on the third "business day" Their terms and conditions state that withdrawls over $3000 will be paid in increments of $3000 based upon agreed upon terms by the player and the casino. Have tried to contact them but so far just getting cookie cutter replies that don't even relate to my questions. Software won't let me request a withdrawl over $3000. So just wondering what to expect while trying to withdraw over $50,000. Which I must say is an awesome problem to have but it 's got me worried. Thanks for any input!

Congrats! So what happened with your w/d?

I would like to know as well, the mystery will continue I guess,

Wish I had that issue.

europa99 hasn't been active on LCB for the last 4 months. Hopefully he comes back and gives us an update.