Can casinos ban you for winning too much? The simple answer to that question is no. If you are playing fairly and are not cheating, then casinos have no right to ban you. Of course, casinos will be curious if one player is consistently winning more than average, especially on a single game.
You are likely to get the attention of the casino for winning a lot. Contrary to popular belief, casinos actually give preferential treatment to players who seem to be winning more. Largely because players who win more tend to bet more.
What Happens When You Win Too Much at Casino?
In any case,, is there such a thing as winning too much? When you win a considerable amount of money in one go at the casino, you will likely get complimentary drinks, a personal host, and maybe a Form W-2G for your taxes.
Another thing likely to happen when you win large amounts of cash is the casino trying to negotiate with you to pay you out. But before they do that, they are more likely to encourage you to keep playing. Albeit in a bid to get their money back.
If you are a shrewd player and choose to get all your winnings instead of playing some more, you’ll probably need to negotiate whether you are getting a lump sum or monthly installment payments.
How Casinos Pay When You Win Too Much?
Depending on what state or casino you are in, there is a cashout limit, and you cannot get a cash payout exceeding that amount. In some casinos, you may get a once-off payment if your winnings are $10,000 or less. And some casinos will even give you a lump sum cash payment of $25,000.
In other cases, you would be asked to take a monthly installment payment if you want to get your full payout. However, if you insist on a once-off lump sum, you may not be able to get the full prize as you incur a charge for exceeding the casino’s limit.
What Happens When You Win Too Much at an Online Casino?
Instead of banning you from the casino when you win too much, a casino is more likely to try and keep you on. Even at online casinos, when you win too much, you are likely to be invited to the casino’s VIP club.
That comes with perks such as a personal host, bigger withdrawal limits, low wagering requirements and more bonuses and perks. All things considered winning too much at a casino is probably good for you if you enjoy being treated like a VIP.
