Slot JP paid by multiple casino checks?

Say you win $37.5K on a Dragon Link slot machine. Your bank won't accept deposits of over $10K. Can the cage give you five cashier checks of $7.5K?
I should ask the same question about table game chip cash-outs.

Quote: ChumpChange

Say you win $37.5K on a Dragon Link slot machine. Your bank won't accept deposits of over $10K. Can the cage give you five cashier checks of $7.5K?
I should ask the same question about table game chip cash-outs.
link to original post

Get a new bank. I have never heard of a bank that refuses deposits of $10k or more in a check. I really doubt that the casino would give you five cashier checks. Just take the cash, banks will take cash and there will be no hold time like there might be for a check.

That's one answer, but it's not quite the answer I was looking for, but for others it may be.

But I'll look up the AI answer now: search: "casino would give you five cashier checks."

Casinos typically do not issue third-party "cashier's checks." Instead, they issue regular checks drawn directly on one of the casino's bank accounts. Asking for multiple smaller checks rather than one large one is a deliberate attempt to break down the total payout.

Why Casinos Write Checks
For large jackpots (often those over $10,000, which trigger a W-2G tax form) or significant table game winnings, you can request a casino check in lieu of carrying large amounts of cash. These checks are drawn directly from the casino's banking institution.

The Problem with Splitting Payouts
Breaking a massive win into five smaller checks is considered structuring—the illegal practice of breaking up a financial transaction to avoid anti-money laundering (AML) reporting thresholds.

The Rule: Financial institutions, including casinos, are legally required by the Bank Secrecy Act to file a Currency Transaction Report (CTR) for transactions over $10,000 and a Suspicious Activity Report (SAR) for suspicious behavior.

The Consequence: Asking the casino cage to issue five separate checks (e.g., five checks of $2,000 each to total a $10,000 win) specifically to avoid paperwork will flag your activity as structuring. This will immediately trigger an AML compliance investigation.

Payout Options
If you are uncomfortable carrying large sums of cash, casinos offer a few legitimate alternatives:
Wire Transfers: You can have the casino wire your winnings directly to your personal bank account.
Casino Markers/Front Money: You can deposit funds into a front-money account at the casino cage and withdraw from it, or use it to establish credit lines before you start playing.
Security Escorts: For cash payouts, large casinos have security teams that will safely escort you to your hotel room or vehicle.

For the latest regulatory guidelines regarding winnings, check the FinCEN Casino Recordkeeping Requirements.
https://www.fincen.gov/resources/statutes-regulations/guidance/frequently-asked-questions-casino-recordkeeping-reporting
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I like how Lady Luck HQ keeps getting big handbags from the casino to carry her $50K+ or $100K+ cash wins. The self-pay doesn't work on spin wins of $50K or more.

The A.I. is a little off on that one. Structuring as defined by Title 31 of the BSA (Bank Secrecy Act) is limited to cash deposits and not checks. No paperwork is required for depositing checks.

It did look a little off, and it still seems a little off. Why would 5 checks count as structuring?

Seems I should get paid with 20X $1,875 TITO's instead for a $37.5K slot win.
(from Vital Vegas on X: A casino can pay your slot jackpot in the form of a TITO voucher, but they can’t split it up, also known as “ripping.” Per @redrockcasino)

In my local casino, that would only apply to hand pays between $2K and $3K, because the machines won't take TITO's over $3K. Other casinos may have much higher limits for TITO's insertions. High limit rooms may have different rules than regular floor machines.

Quote: ChumpChange

Say you win $37.5K on a Dragon Link slot machine. Your bank won't accept deposits of over $10K. Can the cage give you five cashier checks of $7.5K?
I should ask the same question about table game chip cash-outs.
link to original post

I call BS. What bank won’t take a DEPOSIT of over $10k?

Quote: ChumpChange

Say you win $37.5K on a Dragon Link slot machine. Your bank won't accept deposits of over $10K. Can the cage give you five cashier checks of $7.5K?
I should ask the same question about table game chip cash-outs.
link to original post

Like others have said, get a new bank. 15 minutes of phone calls should find one that wants to deposit your check. Yes, there may be a week while it clears, but that shouldn't be a problem.

Some banks may get troublesome with cash deposits, because they are unfamiliar with the extra reporting. Just tell them you understand there are extra forms because of the size of the deposit, and you don't mind following the rules.

As far as the casino, no, it is unlikely they will give you five checks. It is not unreasonable to request some cash ("walking around money") and the balance as a check, but trying to get multiple checks just doesn't sound right.

My bank limits the amount on checks deposited via phone to $10,000, but I can walk in and deposit unlimited checks.
You might have difficulty cashing large checks, but depositing them shouldn't be a problem. If it is, move your account.

A guy said something like,"I won $10,000 when a Grand Jackpot Progressive hit. The Casino offered me a check but I couldn't take a check since I was having problems with my bank, so the Casino gave me the $10,000 in cash. I ended up stuffing the $10,000 in my jeans, a REALLY dangerous thing to do , stuffing $10,000 in my jeans when I was visiting the Casino alone. I miraculously was able to waddle out the casino with the entire $10,000 stuffed in my jeans and not have any money missing or stolen from me and go home with the entire amount. I was lucky.💡

Quote: Nathan

A guy said something like,"I won $10,000 when a Grand Jackpot Progressive hit. The Casino offered me a check but I couldn't take a check since I was having problems with my bank, so the Casino gave me the $10,000 in cash. I ended up stuffing the $10,000 in my jeans, a REALLY dangerous thing to do , stuffing $10,000 in my jeans when I was visiting the Casino alone. I miraculously was able to waddle out the casino with the entire $10,000 stuffed in my jeans and not have any money missing or stolen from me and go home with the entire amount. I was lucky.💡
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$10,000 in cash is not ridiculously large. You can fit it into most wallets unless the wallet is particularly small.

It’s only 100 $100 bills. Same as having $2,000 in twenties in your wallet or $100 in ones,

Quote: Nathan

A guy said something like,"I won $10,000 when a Grand Jackpot Progressive hit. The Casino offered me a check but I couldn't take a check since I was having problems with my bank, so the Casino gave me the $10,000 in cash. I ended up stuffing the $10,000 in my jeans, a REALLY dangerous thing to do , stuffing $10,000 in my jeans when I was visiting the Casino alone. I miraculously was able to waddle out the casino with the entire $10,000 stuffed in my jeans and not have any money missing or stolen from me and go home with the entire amount. I was lucky.💡
link to original post

When in the U.S. I always took cash up to $50k from the casino jackpots. $50k always fit easily in my sport coat without bulging. I never hit a jackpot over $50k so I never needed to get a check.

I walked out of an Atlantic City casino with about $11,000 in cash one early morning and had to walk four blocks to the bay house where I was staying. It seemed to take forever, and I encountered a couple of dozen shady people.

Well, it looks like I could get a $9.5K check and $28K cash from the above example. I would take chips but the pressure by the casino to spend it/cash it all in one day is just too great. I also have the option of paying $9K cash up front in tax withholding at 24%, so that would reduce my cash to $19K. I could then make two more $9.5K deposits to the bank later on. Maybe I could just keep the cash for playing money and try to earn a couple more $9.5K checks. Should be easy to do when trying to triple-up a $3K buy-in at the tables, checks would only be for $6K then though, $3K cash back.

Quote: DRich

Quote: Nathan

A guy said something like,"I won $10,000 when a Grand Jackpot Progressive hit. The Casino offered me a check but I couldn't take a check since I was having problems with my bank, so the Casino gave me the $10,000 in cash. I ended up stuffing the $10,000 in my jeans, a REALLY dangerous thing to do , stuffing $10,000 in my jeans when I was visiting the Casino alone. I miraculously was able to waddle out the casino with the entire $10,000 stuffed in my jeans and not have any money missing or stolen from me and go home with the entire amount. I was lucky.💡
link to original post

When in the U.S. I always took cash up to $50k from the casino jackpots. $50k always fit easily in my sport coat without bulging. I never hit a jackpot over $50k so I never needed to get a check.
link to original post

Mine goes down my pants. (And not for romance!) $50K goes in the pouch down my pants, without a bulge big enough to attract attention, of either the limp-wristed or angry-fisted kind.

Predators of any species do not like to take chances, just because with repeated predation the mathematics of chance will eventually catch up to them. Making things difficult, risky and questionable will deter most of them. But sometimes you will be dealing with a predator who isn't smart enough to recognize what is a risk. Those, you have to educate, and make pay up.

About 25 years ago, my wife won about $14,000 on one hand of Let It Ride at Foxwoods. Took a while for surveillance to approve it.

Afterwards, we went to the cage and after a minute we were directed to a little room on the side. About the same size as the little rooms at a bank where you bring your safe deposit box to rummage thru in private. Except one wall was a window to the cage.

The cashier asked how we wanted it. My wife asked for $x in cash, then $y and $z in separate checks. I don’t remember why she wanted it separately. They were reluctant to separate it but after a few minutes they agreed. Several minutes later we had the two checks and cash.

Bottom line, they’ll do it.

I'm guessing that was before 9/11/2001. Banks really have a burr up their butt with anti-money laundering BS since then. Can't help thinking it's affected casinos too. I'll put that down in the before-times, with a look for any repeaters since then.

As far as I know, money laundering and the $10K limits are all about cash.

If your two checks totaled less than $10K, the casino probably didn't have a problem with that.

Quote: ChumpChange

I'm guessing that was before 9/11/2001. Banks really have a burr up their butt with anti-money laundering BS since then. Can't help thinking it's affected casinos too. I'll put that down in the before-times, with a look for any repeaters since then.
link to original post

Once again, the anti-money laundering only applies to cash.

Quote: DRich

Quote: ChumpChange

I'm guessing that was before 9/11/2001. Banks really have a burr up their butt with anti-money laundering BS since then. Can't help thinking it's affected casinos too. I'll put that down in the before-times, with a look for any repeaters since then.
link to original post

Once again, the anti-money laundering only applies to cash.
link to original post

I have laundered cash from casinos many times. It doesn't hurt it much. But that's a sign I had been playing too long, when I come home and out of fatigue or distraction forget my session stake in my pocket and launder it.

But I don't think a check would hold up to the process. Not the high quality, robust paper used in US currency and it would surely be destroyed and have to be reissued.

Does the casino charge to reissue a check? I assume they'd have to stop payment on the first check and wait a few days, but idk. Stop payments have never been in my life. Banks have fees that keep going up. It's not the regular $5 fee of yesteryear.

AI says: Stop payments usually expire after six months to two years. If the payee tries to cash the check after that period, it could still go through.
Exceptions: You generally cannot place a stop payment on guaranteed funds like cashier's checks or money orders once they are issued.

AI previously said casino checks are not cashiers checks.

Fees apply: Banks generally charge a non-refundable fee for this service, typically ranging from $15 to $35 depending on your financial institution.
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I didn't know this:
The $3,000 bank rule, established under the Bank Secrecy Act (BSA), requires financial institutions to verify identity and maintain detailed records when customers purchase monetary instruments—such as cashier's checks, money orders, or traveler's checks—using $3,000 or more in cash. It is an anti-money laundering measure.
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I just read a reddit where someone was asking where they could purchase a cashiers check. Their bank is online only. Later it was said that the local Chase bank would sell him one since he has a Chase credit card.
I didn't even know there were Chase banks around me, and there aren't, they are out of town. I just got my new Chase card in the mail, so I guess I could use that as ID to buy a cashiers check if I ever needed one in another town or city. I don't have an account at Chase bank, just the credit card. But I'm guessing my online bank won't accept cashiers checks for deposit either.

Quote: Brickapotamus

Quote: Nathan

A guy said something like,"I won $10,000 when a Grand Jackpot Progressive hit. The Casino offered me a check but I couldn't take a check since I was having problems with my bank, so the Casino gave me the $10,000 in cash. I ended up stuffing the $10,000 in my jeans, a REALLY dangerous thing to do , stuffing $10,000 in my jeans when I was visiting the Casino alone. I miraculously was able to waddle out the casino with the entire $10,000 stuffed in my jeans and not have any money missing or stolen from me and go home with the entire amount. I was lucky.💡
link to original post

$10,000 in cash is not ridiculously large. You can fit it into most wallets unless the wallet is particularly small.

It’s only 100 $100 bills. Same as having $2,000 in twenties in your wallet or $100 in ones,
link to original post

I don't know but he made it seem like it was a VERY difficult amount of money to stuff in his jeans. 💡

Quote: Nathan

[
I don't know but he made it seem like it was a VERY difficult amount of money to stuff in his jeans. 💡
link to original post

$10k cash would be difficult to put in tight jeans or skinny jeans.

Quote: Nathan

Quote: Brickapotamus

Quote: Nathan

A guy said something like,"I won $10,000 when a Grand Jackpot Progressive hit. The Casino offered me a check but I couldn't take a check since I was having problems with my bank, so the Casino gave me the $10,000 in cash. I ended up stuffing the $10,000 in my jeans, a REALLY dangerous thing to do , stuffing $10,000 in my jeans when I was visiting the Casino alone. I miraculously was able to waddle out the casino with the entire $10,000 stuffed in my jeans and not have any money missing or stolen from me and go home with the entire amount. I was lucky.💡
link to original post

$10,000 in cash is not ridiculously large. You can fit it into most wallets unless the wallet is particularly small.

It’s only 100 $100 bills. Same as having $2,000 in twenties in your wallet or $100 in ones,
link to original post

I don't know but he made it seem like it was a VERY difficult amount of money to stuff in his jeans. 💡
link to original post

Only if you're unprepared.
$10,000 is no problem in my usual casino wallet; $50,000 really wouldn't be a conspicuous bulge in a front pocket.

I do not wear tight jeans.

I sometimes carry 50X $1 bills to the cage and get change, but that won't fit in my wallet. My wallet can only handle 15-20 bills, I haven't counted. But I could keep a plastic tray for chips in the car, whether it's empty or not is another matter.

Quote: Dieter

Quote: Nathan

Quote: Brickapotamus

Quote: Nathan

A guy said something like,"I won $10,000 when a Grand Jackpot Progressive hit. The Casino offered me a check but I couldn't take a check since I was having problems with my bank, so the Casino gave me the $10,000 in cash. I ended up stuffing the $10,000 in my jeans, a REALLY dangerous thing to do , stuffing $10,000 in my jeans when I was visiting the Casino alone. I miraculously was able to waddle out the casino with the entire $10,000 stuffed in my jeans and not have any money missing or stolen from me and go home with the entire amount. I was lucky.💡
link to original post

$10,000 in cash is not ridiculously large. You can fit it into most wallets unless the wallet is particularly small.

It’s only 100 $100 bills. Same as having $2,000 in twenties in your wallet or $100 in ones,
link to original post

I don't know but he made it seem like it was a VERY difficult amount of money to stuff in his jeans. 💡
link to original post

Only if you're unprepared.
$10,000 is no problem in my usual casino wallet; $50,000 really wouldn't be a conspicuous bulge in a front pocket.

I do not wear tight jeans.
link to original post

Hmm.. You bring up a very good point about the tight jeans. He could have been wearing tight jeans and that's why he found it difficult to stuff the $10,000 in the jeans. 🤔💡

Quote: Nathan

Quote: Dieter

Quote: Nathan

Quote: Brickapotamus

Quote: Nathan

A guy said something like,"I won $10,000 when a Grand Jackpot Progressive hit. The Casino offered me a check but I couldn't take a check since I was having problems with my bank, so the Casino gave me the $10,000 in cash. I ended up stuffing the $10,000 in my jeans, a REALLY dangerous thing to do , stuffing $10,000 in my jeans when I was visiting the Casino alone. I miraculously was able to waddle out the casino with the entire $10,000 stuffed in my jeans and not have any money missing or stolen from me and go home with the entire amount. I was lucky.💡
link to original post

$10,000 in cash is not ridiculously large. You can fit it into most wallets unless the wallet is particularly small.

It’s only 100 $100 bills. Same as having $2,000 in twenties in your wallet or $100 in ones,
link to original post

I don't know but he made it seem like it was a VERY difficult amount of money to stuff in his jeans. 💡
link to original post

Only if you're unprepared.
$10,000 is no problem in my usual casino wallet; $50,000 really wouldn't be a conspicuous bulge in a front pocket.

I do not wear tight jeans.
link to original post

Hmm.. You bring up a very good point about the tight jeans. He could have been wearing tight jeans and that's why he found it difficult to stuff the $10,000 in the jeans. 🤔💡
link to original post

Honestly that explanation makes the story way funnier. $10k in hundreds is basically a thick smartphone-sized stack, not a cartoon duffel bag full of cash. But if the guy was wearing skinny jeans, suddenly it turns into a high-stakes mission just to walk through the casino without looking suspicious or losing half the bankroll out of a pocket.

Quote: Nathan

Quote: Dieter

Quote: Nathan

Quote: Brickapotamus

Quote: Nathan

A guy said something like,"I won $10,000 when a Grand Jackpot Progressive hit. The Casino offered me a check but I couldn't take a check since I was having problems with my bank, so the Casino gave me the $10,000 in cash. I ended up stuffing the $10,000 in my jeans, a REALLY dangerous thing to do , stuffing $10,000 in my jeans when I was visiting the Casino alone. I miraculously was able to waddle out the casino with the entire $10,000 stuffed in my jeans and not have any money missing or stolen from me and go home with the entire amount. I was lucky.💡
link to original post

$10,000 in cash is not ridiculously large. You can fit it into most wallets unless the wallet is particularly small.

It’s only 100 $100 bills. Same as having $2,000 in twenties in your wallet or $100 in ones,
link to original post

I don't know but he made it seem like it was a VERY difficult amount of money to stuff in his jeans. 💡
link to original post

Only if you're unprepared.
$10,000 is no problem in my usual casino wallet; $50,000 really wouldn't be a conspicuous bulge in a front pocket.

I do not wear tight jeans.
link to original post

Hmm.. You bring up a very good point about the tight jeans. He could have been wearing tight jeans and that's why he found it difficult to stuff the $10,000 in the jeans. 🤔💡
link to original post

Maybe he was wearing yoga pants.