If you’ve ever been to a casino, you’ve probably noticed that the casino jackpot is a large part of its appeal. In fact, some casinos have indicators that look like a thermometer, which indicate which jackpot games are likely to be hit by a large sum. These indicators play off the gambler’s fallacy, in which the next time a roulette wheel lands on seven reds, it must be black. That theory is wrong, of course.
Many large progressive jackpots are paid out in instalments, often over a decade. Microgaming’s Mega Moolah jackpot, for instance, is paid out in a lump sum. However, smaller jackpots are credited instantly. In addition, record-breaking progressive jackpots are more likely to be paid out by courier, bank transfer, or in person. Be sure to bring along a novelty-sized check in case you win.
While winning a casino jackpot is always exciting, it’s important to remember that it can take up to 90 days to process your money. That’s not good news for those who are not rich. If you are lucky enough to win, you may want to make sure you plan ahead for taxes. For example, you’ll have to pay income tax and possibly pay off some credit card debt before receiving your winnings. You’ll also have to fill out tax forms and complete accounting paperwork.
While playing casino jackpots at a local casino may seem easier, it’s not always convenient. It’s not only more convenient to play at an online casino, but you also save gas. You’ll spend less time driving and only need an Internet connection. And you’ll have the same chances of winning a casino jackpot online. So, what are you waiting for? Why not give it a try? You never know when you might win the jackpot.