Big Win now what?

[Stormyme]

Hello

I am new to Askgamblers but have been coming here for years for tips and info. The question I have now is I hit a $244,000.00 Jackpot and it has been confirmed. My question is I am in the United States and they are in Malta. Any idea how they might pay me and how my bank is going to react to a sudden HUGE deposit?  lol  What are my tax obligations?  Anyone know how this works? 

[ValDes]

Hi there and welcome to AskGamblers Forum  

Wow, hitting a $244K jackpot!  Now that's a killer hit! Congrats! 

Here end the good news unfortunately.... If the operator is based in Malta it means there's pretty big chance it's also MGA licensed and if so, there's no way it would allow US players.  

[cocopop3011]

22 hours ago, Stormyme said:

Hello

I am new to Askgamblers but have been coming here for years for tips and info. The question I have now is I hit a $244,000.00 Jackpot and it has been confirmed. My question is I am in the United States and they are in Malta. Any idea how they might pay me and how my bank is going to react to a sudden HUGE deposit?  lol  What are my tax obligations?  Anyone know how this works? 

Can you reveal the casino? Or if you don't want to (which is fine) as Valdes has mentioned abovem are you sure your country of play is accepted there. How did you make your deposit? Have you completed any kind of verification yet?

[Stormyme]

3 hours ago, cocopop3011 said:

Can you reveal the casino? Or if you don't want to (which is fine) as Valdes has mentioned abovem are you sure your country of play is accepted there. How did you make your deposit? Have you completed any kind of verification yet?

I have cashed out numerous times with them and have had no problems. The most I have cashed out is $3k. So I am not sure what to expect with this larger win. The casino is Chumba.

[Flatzem]

On the review page for Chumba it says they accept US players and many of the reviewers are from USA.

They seem to be using some kind of gold coin system and sweepstakes to get around laws?

IS CHUMBA CASINO LEGAL?

Chumba Casino is a leading social casino site. In addition to our Gold Coin games, we use a unique sweepstakes model which allows the safe and secure redemption of Sweeps Coins for cash prizes to players in the US and Canada. We pride ourselves on adhering to the laws in the jurisdictions that we operate in. We engage with leading experts in those jurisdictions to ensure that we are fully compliant with all applicable laws.

 

[ValDes]

On 7/4/2020 at 6:24 AM, Stormyme said:

I have cashed out numerous times with them and have had no problems. The most I have cashed out is $3k. So I am not sure what to expect with this larger win. The casino is Chumba Casino.

Thanks for clarifying. 

Well, should you face any troubles getting paid you may always use AGCCS and submit a case against the operator. 

Good luck!

[cocopop3011]

On 7/4/2020 at 4:24 AM, Stormyme said:

I have cashed out numerous times with them and have had no problems. The most I have cashed out is $3k. So I am not sure what to expect with this larger win. The casino is Chumba Casino.

Aha, yes I am famiilar wtih the casino. Do you have any news on the withdrawal yet?

[RKovacc]

Hey! Hitting jp like that is something special, congratulations man! So, did you withdraw your winnings?

[Stormyme]

UPDATE

Everything has been confirmed and approved and my first installment of 50k will be in my account next week. Weekly installments of 50k or larger until paid in full.    Woot!!  lol

[cocopop3011]

12 hours ago, Stormyme said:

UPDATE

Everything has been confirmed and approved and my first installment of 50k will be in my account next week. Weekly installments of 50k or larger until paid in full.    Woot!!  lol

Wow Wow  Wow!!! Congrats this is amazing news indeed! Drinks are on you then?

[Flatzem]

On 7/18/2020 at 12:21 PM, Stormyme said:

UPDATE

Everything has been confirmed and approved and my first installment of 50k will be in my account next week. Weekly installments of 50k or larger until paid in full.    Woot!!  lol

you got any screenshots ? also what bet size were you playing on when you hit the jackpot and what slot? congrats on the win but will see what happens when your bank receives the bankwire and how you will explain that to them. and you asked about your tax obligations , I got only this pic to say about it.

 

[Stormyme]

I received first installment today. 3 more to come next week all at once. I was betting max $25 at the time on Rockin Reels.  But you can see I had already built up a balance and to get there I was betting $1-$2.50

[ValDes]

Oh my God, don't know about the monthly installments but the screenshot makes me feel jealous.... sooooo jealous!   

Again, good luck with the payments and hey, if something goes wrong you know what to do.