Do Casinos Payout via Direct Deposit? - Las Vegas Forum - Tripadvisor

Do Casinos Payout via Direct Deposit?

New York City, New...
Level Contributor
341 posts
Do Casinos Payout via Direct Deposit?

So here's something I've been wondering, when it comes to big big payouts, like hundred thousand or millions kind of big payouts from let's say a progressive jackpot or what have you....is walking into a bank with giant check the way to cash it? Is the giant check just ceremonial...is there a little paper check or is it possible to ask the casino to use direct deposit?

Things I've always wondered because you never know...it would be good to know just in case!

Thanks

Lexington, Kentucky
Level Contributor
804 posts
1 review
1. Re: Do Casinos Payout via Direct Deposit?

Yes, the checks are ceremonial. I think they will give you the money pretty much however you want it. Direct deposit would be the safest for sure. I sure wouldn't want to walk out of there with that much cash. I once saw a woman win $11000 and security came and escorted her somewhere. I saw her about an hour later and was telling her friend that she got the whole amount in cash. I thought she was crazy but I doubt she cared what I thought. Lol.

Phoenix, Arizona
Level Contributor
3,790 posts
1 review
2. Re: Do Casinos Payout via Direct Deposit?

Most of the time those mega-jackpots are paid as annuities anyway; you won't get a $500,000 pile of cash or a check, if you read the print on the machine it's paid out from the slot machine manufacturer, often over a period of time. Usually they've got to send someone out to inspect the machine, make sure it's legit, etc, before giving you the money. I'd imagine this happens fairly quickly, though. I wouldn't mind finding out first-hand.

For smaller jackpots such as hand-pays in higher denomination video poker, they will give you the option of paying off a marker or taking it as cash or a check, but will often try to pay it out in cash from my experience. Even if you ask for a check, sometimes they'll bring cash and claim they mis-heard you, and ask if you want them to go back and write the check, or say it'll take longer, etc. Obviously the casino knows that a check is much less likely to come back to them than cash in your pocket is.

NC
Level Contributor
2,498 posts
4 reviews
2 helpful votes
3. Re: Do Casinos Payout via Direct Deposit?

Aren't most of the large ones, Megabucks for example, really an annuity, paid out over years?

Zero's posted while I was still typing.

Edited: 11 years ago
4. Re: Do Casinos Payout via Direct Deposit?

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