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Player Chooses Lump Sum

One lucky online casino player recently hit a large progressive jackpot – but when he was ready to collect his money, the Pharaohs Casino informed him plans to pay out small monthly payments until the balance was paid off. Now naturally the player had an issue with the payment methods. It is generally understood in the online casinos, lottery, and even in lawsuits that lump sum payments are always a better option because the individual is able to invest the sum of money rather than have a steady trickle that collects no interest and cannot then be invested.

Boss Media operates the Pharaohs online casino site, and initially informed the player that his US $117,248 jackpot win would be paid in monthly installments. The online casinos player was understandably disgruntled and went to the internet gambling message boards to spread the word about his win. Players were understandably concerned that the popular Boss Media choose such an unpopular disbursement method.

The jackpot winner though consulted with the online casino and all three parties came to agree to two payments. The first payment is immediate, the other part of the jackpot win will be disbursed to the winner once the casino firmly establishes his identity. The casino also plans to release his name and use the payout for publicity purposes.