Do casinos release big wins instantly?

[junder]

Yeah, that's how casinos work these days, they have different levels of KYC.

For normal operation of a few dollars they don't really bother.

But when they pass a certain threshold then there is a higher KYC operation.

But casinos certainly don't implement KYC requirements solely to complicate withdrawals. I believe another goal is player security.
I once withdrew a large win without requiring KYC. The process took hours, and I was a bit anxious about the lengthy withdrawal process. But if KYC requirements had been in place, I probably wouldn't have waited that long. And even if it did, I wouldn't have had to worry, as I believe KYC is helpful.

[Anayochukwu]

I haven’t won really big in a casino or sportsbook, so I’m making this topic to get information from users who have already hit big, or who know stories about bettors who have.

My question is, do casinos release big wins instantly, like it’s just part of their normal process?

Please share your experiences so we can be aware..
And if there are any requirements aside from KYC, let us know so we can prepare for it in case we get lucky and hit the jackpot in the future.

I don't think it's worth worry about because casinos always have a specific rules for this, and there's no how you can even get closer to such big win. So just feel free because having this mindset can actually make you not to feel uncomfortable when gambling because you wouldn't want to hit big anymore and even though winning it's not possible to happen just like that, so always hope to have the luck first and everything would definitely be fine.

[nullama]

No casinos usually don’t release big winnings instantly. Large payouts are often checked and verified first to prevent fraud or errors. This can take anywhere from a few hours to several days, especially for jackpots. Smaller wins are usually paid right away but big wins almost always involve extra approval and paperwork.

Yeah, I think there is a threshold amount of money for payouts.

Let's say you want to withdraw a million dollars, that's very different to a fifty bucks payout.

I'm sure they need more paperwork for that first case.

[Mr. Magkaisa]

I haven’t won really big in a casino or sportsbook, so I’m making this topic to get information from users who have already hit big, or who know stories about bettors who have.

My question is, do casinos release big wins instantly, like it’s just part of their normal process?

Please share your experiences so we can be aware..
And if there are any requirements aside from KYC, let us know so we can prepare for it in case we get lucky and hit the jackpot in the future.

I won big amount with 1win casino and Betpanda. I do not need to do KYC and got my withdrawal instantly. just like the other withdrawal with small amount.
But there is one casino that hold my winnings, I made a thread on this forum with that before and that is the reason why they release my winning. and to be honest that is not a big amount but i hit a jackpot on 1 game.

My question is, do casinos release big wins instantly, like it’s just part of their normal process?

Some casinos are not, but there are legit casino that dont mind how big you win as long as it is legal.

with 1win, they will allow you to withdraw a max of 600,000,000 php or more than 1 Million USD. per transaction.

[KeenanEl19]

I don't think it's worth worry about because casinos always have a specific rules for this, and there's no how you can even get closer to such big win. So just feel free because having this mindset can actually make you not to feel uncomfortable when gambling because you wouldn't want to hit big anymore and even though winning it's not possible to happen just like that, so always hope to have the luck first and everything would definitely be fine.

I'm not a hypocrite when it comes to gambling. Of course, I want to be lucky and win. But we shouldn't place high expectations on gambling. When we place high expectations on gambling, we fear an inability to accept defeat, leading to resentment and a desire to recover losses. This can lead to even greater losses.

To ensure everything goes smoothly, everything must be done reasonably, within our means and limits. It's probably better not to have too many expectations or be too pessimistic. With casinos, sometimes when players win large amounts, payouts can take a long time. I've experienced small withdrawals, and everything went smoothly quickly, but large withdrawals can take a bit longer.

[Dunamisx]

Big wins are in categories, sometimes they do depending on the amount in question, but in cases whereby the money involved is too much, they also make some thorough checks to ensure they don't make any mistakes at the process and the procedures to have earned such amount are also clean and not found cheating, lastly, everything they may do or not will have to depend on the terms and conditions as contained in their rules.

[fruktik]

Withdrawing a large sum may be no problem with casinos, but banks will definitely freeze the transaction until the circumstances are clarified. They'll ask where the funds are coming from. Am I engaged in illegal activity? They'll likely ask me to open a sole proprietorship account if the transfers are recurring, which will automatically oblige me to pay taxes on the funds. Yes, the amount can be broken down into smaller amounts, but that's no guarantee. A few weeks ago, a decree was issued that even small amounts will be frozen if the source is unknown.

[Agbe]

Yes casinos release big but in most cases they will stress you and you will be frustrated. Casinos would not do anything if you are win small amount and the day you win big, they will ask you to submit documents like ID Card, phone number and other documents and immediately your documentation is not current they would blocked your account. But not all the casinos does that. If you have done your KYC before winning big, you will release your win instantly.  Nevertheless, some will not and they will block your account.

[GIF-JOBS]

Yes casinos release big but in most cases they will stress you and you will be frustrated. Casinos would not do anything if you are win small amount and the day you win big, they will ask you to submit documents like ID Card, phone number and other documents and immediately your documentation is not current they would blocked your account. But not all the casinos does that. If you have done your KYC before winning big, you will release your win instantly.  Nevertheless, some will not and they will block your account.

This kind of thing is only done by fraudulent casinos, and to stay away from such fraud, we must choose a good casino, which has a very good reputation. We often see that many gamblers fall into this kind of trap, they have no problem in withdrawing small amounts, but when they go to withdraw a large amount of money, the casino company blocks their account on various pretexts and takes their money. But not all casinos, which are very popular and reputable, we should choose a casino based on these.

[Fivestar4everMVP]

Yes casinos release big but in most cases they will stress you and you will be frustrated. Casinos would not do anything if you are win small amount and the day you win big, they will ask you to submit documents like ID Card, phone number and other documents and immediately your documentation is not current they would blocked your account. But not all the casinos does that. If you have done your KYC before winning big, you will release your win instantly.  Nevertheless, some will not and they will block your account.

I know you already said it depends on the casino, but so also it is about releasing big wins as well, not all casinos will release big wins at once, especially smaller casinos that are either just starting or aren't doing very well in the industry yet...

I have seen a casino where a gambler won around $70k+, and the casino could not afford the liquidity to pay up the win at once, they didn't demand kyc verification from the user, they simply told the user that they can't afford to pay him the winning at once, that they will he paying him $3k every week (on Sundays) until the total sum of $70+ is reached, and the user had no choice but to accept.

[blockman]

Yes casinos release big but in most cases they will stress you and you will be frustrated. Casinos would not do anything if you are win small amount and the day you win big, they will ask you to submit documents like ID Card, phone number and other documents and immediately your documentation is not current they would blocked your account. But not all the casinos does that. If you have done your KYC before winning big, you will release your win instantly.  Nevertheless, some will not and they will block your account.

It differs per casino on how they are filtering all of those big wins. If the user have done it genuinely which we assume that most of the gamblers are, they're going to release it without any troubles. But then if they start to have some issues about these unusual big wins, that's when they are suspicious and won't just allow to let those withdrawals go and so they ask for more documents until everything is provided and it's up to them what's next to be processed with. They're not disclosing the reasons for the delay of it and not all of them are the same. Whoever goes through with that hectic process might be lucky in gambling but unlucky with where they've gambled.

[Royal Cap]

But casinos certainly don't implement KYC requirements solely to complicate withdrawals. I believe another goal is player security.
I once withdrew a large win without requiring KYC. The process took hours, and I was a bit anxious about the lengthy withdrawal process. But if KYC requirements had been in place, I probably wouldn't have waited that long. And even if it did, I wouldn't have had to worry, as I believe KYC is helpful.

I am surprised to hear that you were able to withdraw such a large amount of money without KYC verification. But as far as I know KYC is mainly given so that you are a real person to verify it. Because money laundering is done in many gambling platforms. And to get rid of them they follow two systems one is 1x wagering and other is KYC verification.

[Z_MBFM]

I haven’t won really big in a casino or sportsbook, so I’m making this topic to get information from users who have already hit big, or who know stories about bettors who have.

My question is, do casinos release big wins instantly, like it’s just part of their normal process?

Please share your experiences so we can be aware..
And if there are any requirements aside from KYC, let us know so we can prepare for it in case we get lucky and hit the jackpot in the future.

If you gamble in a valid way and do not violate any rules, your big jackpots will be released just like normal wins. Always gamble on sites that have a good reputation, then no matter how big your win is, it will not matter to them. Your win is completely yours and they will be obliged to give it to you. However, if you gamble on a new site whose bankroll is small but you win a larger amount than that, which they are not able to pay, they will refuse to give you that money.

[Perfectbaby]

I know you already said it depends on the casino, but so also it is about releasing big wins as well, not all casinos will release big wins at once, especially smaller casinos that are either just starting or aren't doing very well in the industry yet...

I have seen a casino where a gambler won around $70k+, and the casino could not afford the liquidity to pay up the win at once, they didn't demand kyc verification from the user, they simply told the user that they can't afford to pay him the winning at once, that they will he paying him $3k every week (on Sundays) until the total sum of $70+ is reached, and the user had no choice but to accept.

That is true and I think I have came across something like this on this forum or on somewhere else which think is very possible.
The newly launched casino may not have that capacity to pull out such heavy amount to the gamblers because they are newly launched, although casino could either go borrow just to make sure they paid out their amount to the gamblers who won, actually it could be that there are other people who also made winning which they would want to ration the payment to everyone to receive their winning either biweekly or weekly in order to more to keep gambling and they could be paying through those funds gamblers are losing through platform which will be used to pay those who won.

[nullama]

Yes casinos release big but in most cases they will stress you and you will be frustrated. Casinos would not do anything if you are win small amount and the day you win big, they will ask you to submit documents like ID Card, phone number and other documents and immediately your documentation is not current they would blocked your account. But not all the casinos does that. If you have done your KYC before winning big, you will release your win instantly.  Nevertheless, some will not and they will block your account.

Yeah, I think this is actually how it works.

For low levels of money they will just pay it out.

But when the amount increases then they must do more KYC

[shasan]

You're right, but it's now. Before, I remember there wasn't such a thing as KYC, and I think there would have been more players because they liked to play, spend a lot of money, and maintain their privacy Now things aren't like that. I think that level of KYC has left many players out of this sphere of fun.

You are right, we do not requirea  know your customer information document earliar but as a scammer increasing day by day there is no chance to create multiple account by taking know your customer document. If it doesn't require then customer might be able to create multiple account and may try to take various bonus and may take stepps to violate the system of the gambling site.

[Muba20]

I've experienced small withdrawals, and everything went smoothly quickly, but large withdrawals can take a bit longer.

Usually, casinos take a little longer when withdrawing large amounts of money from casinos, it can be said that this is one of their regular tasks. Because when an attempt is made to withdraw big amounts, they try to double-check several things. They carefully review whether the money is being used for money laundering or not. Whether he is the real owner. Whether his KYC information is correct or not. If necessary, they may ask for the KYC documents re submit. His IP address and login details may also need to be monitored. Only when they can be sure of these things, they will allow the withdrawal of the money.

[Tigerheart3026]

i also never big wins in the casino, but i've seen several topics in the forum, those gambler won big, but they created topics when they're faced problem to withdrawal their money, that means big win you can't withdraw and get your money like small amount of withdrawal, of course some difficulties, like you have to submit kyc, they will verify like you didn’t money laundering, and your identification is real or not.

[nullama]

i also never big wins in the casino, but i've seen several topics in the forum, those gambler won big, but they created topics when they're faced problem to withdrawal their money, that means big win you can't withdraw and get your money like small amount of withdrawal, of course some difficulties, like you have to submit kyc, they will verify like you didn’t money laundering, and your identification is real or not.

I think gamblers will usually ignore their losses and only celebrate their wins

Its actually the most common thing to do.

Some people might believe that's the reality

[LUCKMCFLY]

I think gamblers will usually ignore their losses and only celebrate their wins

Its actually the most common thing to do.

Some people might believe that's the reality

They do it to avoid Feeling any kind of bad feeling Don't think I do that, every time I play and if I lose, in the next game session , which is usually the next day, or a few days later , I reset myself so I don't dwell on the thought that I lost before.