Best Big Win Casinos 2020 – Largest Wins Ever Listed
A big win is every casino player’s dream. Some may call it ‘trying my luck’, some call it recklessness and some may choose to merge the two. Hence, many casino players search for the best big win casinos.
Nonetheless, they spend a lot of money playing their desired great win casino games, hoping to have that large win. Many of the best online casinos have cashed out some massive jackpots, making players’ dreams come true instantly!
Many of these massive wins paid out happened to regular people at a time they did not expect it at all. Though in many cases, for you to get that huge win, you need to wager more money.
Despite this, some people have gambled with just $1 and won millions. So, read on below and learn more about:
- How these casinos work.
- The best ways to win.
- Highest paying games.
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Most Wins at Casinos
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- Big Win FAQs
Big win casinos are different from standard Internet casinos because they don’t pay out anything else other than huge amounts of money. Most players would want to know how they can win big at the casino. Well, unfortunately, there isn’t a definite answer to that.
Otherwise, all gamblers would be winning big every day. However, below are a couple of things that you can do to increase your chances of winning big at casinos. It is the first step in finding the best way to win big online at the casino.
First, before anything else, make sure that you gamble responsibly. While this might not certainly improve your chances of winning, it will lower your loss rate.
If you’re wondering how to win big at the casino, here are our expert tips:
Set a Budget
This is the most important thing you need to do before they start playing your desired huge win casino games. You must decide the amount of money you want to spend and stick to it.
Once you’re are out of the budget, you should walk away from the game rather than chase your losses by depositing more money into their accounts.
Set a Time Limit
This is more or less the same as setting a budget; you need to decide how long you want to gamble for and stick to that timeframe.
Set a Winning Limit
Also, you need to decide the amount of money they want to win. In the event that they do win the money, you should stop playing and walk away. This is because it’s very easy to be tempted to continue playing so that you walk away with more than what you had hoped for.
There are scenarios where players have won big and continued playing, only for them to lose all their winnings and more.
What happens when you win big in a casino?
While you will qualify for a payout, there are some rules in place, especially for taxes at land-based casinos. All taxes on winnings are calculated on several tiers. For example, this could be broken down like the United States’ regulations:
- Tier 1: $1 to $1,199 – You cash out and go. The IRS doesn’t care about jackpots less than $1,200.
- Tier 2: $1,200 to $4,999 – you’ve entered the tax threshold. You must fill out a W-2G form to report the information to the feds, but casinos don’t have to take out withholdings. After that, you are expected to pay taxes yourself. However, if you don’t provide a Social Security number, the casino will then take out 28% for the IRS.
- Tier 3: $5,000 or more – The IRS will consider the winnings part of your income and bump you up to a higher tax bracket. If you hit it really big, expect to pay up to 40% in taxes.
For payouts, there are two options: a lump sum or lifetime payouts. Lump sums get the full 40% tax, while lifetime payouts are taxed every year. Still, lifetime payouts can be set for a certain amount every month or once a year.
Play Big Win Slots
If you are one of those players that want to change their lives with a huge payout, then playing progressive jackpots online is where it’s at. These big win casino games come with a huge payout that will have you covered for life! These big win slots are the best way to make money and get ahead of the game.
These games take a certain amount of each bet and transfer it to the jackpot. With hundreds of slot games linked together, progressive jackpots can grow to feature jackpots consisting of millions.
To become the winner, you must ensure that you select the ‘Bet Max’ option before you spin. Otherwise, if you win the jackpot, you may not get the total amount.
As we have mentioned, the big win casino slots with progressive jackpots, are the most attractive games to try. However, that does not mean that the other games are not worth a try.
You can also score big jackpots on games such as roulette as long as you know how to win big at casino roulette. What’s more, in this case, you will have to find the best big roulette win casino, in that way you maximize your chances of winning.
Some of the big wins at the casino recorded are from playing slots. So, you can always try your luck on these casino games to see if you won’t be the big winner.
In late January 2013, a player based in Finland was playing a popular progressive jackpot casino game called Mega Fortune. He placed a small bet, enjoyed his reel-spinning action and boom! He hit the jackpot and won himself a whopping US$24 million.
There are many stories that you will find on the internet because almost every day there is a lucky player who will have that big win.
Players have a lot of chances to win when playing at casinos. Though the odds may not always be in their favor, dreams do come true. Most of the winners had no idea that they will have their dreams come true.
In the long-term, the best strategy we’ve found is a progressive betting system on multiple paylines, or side bets if you’re playing table games at a casino site. Also, always take the free spins bonuses for featured slot machines, because the jackpots are usually higher.
When wagering at the top-recommended big win casinos, you must make sure that you register at a regulated and licensed website. This ensures that gameplay won’t only be fair but that your information; especially banking details will be kept safe.
Moreover, you can rest assured that you are gambling at the safest and secure venues online that we’ve vetted for fairness. So, go get that big win at one of our listed websites now!
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Big Win Casino FAQs
What is the biggest win in a casino?
According to reports, Kerry Packer won between $20 and $40 million. The Australian billionaire is famous for his big wins, so it’s hard to tell what his biggest win was or when it happened.
What is the biggest slot machine win?
To date, the biggest slot machine win ever recorded went to a software engineer in Los Angeles who bet $100 on Megabucks ar Excalibur in 2003. He won $39.7 million.
How do casinos pay out large winnings?
In general, winnings of $25 000 or less can be paid out in cash or by check legally. However, larger winners will likely get their big win paid out in annuities.
Can casinos kick you out for winning too much?
Yes, most casinos can do this. In reality, many brick-and-mortar casinos would rather encourage you to spend more money. Meanwhile, Internet casinos can also suspend your account if they think you’re actually cheating and could take days to verify your wins.
Do casinos track your winnings?
Yes, if you sign up for a player card and use it. They can then track and rate your gameplay and compare your win/loss rate. On the other hand, casino websites will track you regardless because you have an account with them.
Can a casino refuse to pay out?
Yes, but only if you’ve broken one of the rules like increasing your wagers too much.
What’s the most money ever won at a casino?
At the moment, the biggest win was $39.7 million at a California casino by an anonymous player.
How do you win a big bet?
By being careful with your money and spreading it around. Never bet on a single outcome, as this will lose you the most money in the long run.