Finding the Biggest Online Casino Jackpots

Brick and mortar casinos are not the only places where you can win big jackpots by playing games of chance. Some of the biggest web casino wins of all time make the jackpots in Vegas and Atlantic City seem like chump change. That is because many online casinos use progressive slots that accumulate money over periods of time. Since the Internet makes it possible for more people to use the slot machines, the jackpots can reach millions of dollars.

Biggest Online Casino Wins of All Time on the Millionaire’s Club

The Millionaire’s Club is a popular online slot machine game that is operated by Cryptologic. True to the game’s name, they routinely give away jackpots worth millions of dollars. It started with a jackpot worth about $2 million, which added to the game’s popularity. As more and more people wanted to play The Millionaire’s Club for their chance to win huge jackpots, the winnings skyrocketed to $3 million and then $4 million. It is rare to find such lucky winners at brick and mortar casinos. It is even rarer to hear about a casino that awards millions of dollars to individual winners so frequently.

The Biggest Online Casino Wins of All Time Usually Come from the Largest Networks

If you are looking to hit one of the biggest internet casino wins of all times, then you should consider using an one that is linked to the largest gaming networks. Most of the main ones are actually linked to a handful of major networks. If you choose to sign up at web casinos that are linked to the largest gambling networks, then you increase your chances of winning an unbelievable jackpot.

Your chances of winning it big increases when you choose online casinos that use networks like Microgaming, Playtech, Cryptologic and Rival Gaming because more people contribute to the progressive slot’s pot. That means the pots build higher and faster.

Finding the Biggest Online Casino Jackpots

Most of the casinos that use progressive jackpots will show potential members how much their current jackpots are worth. This makes it easy for you to search the Internet for ones that give you the opportunity to win big. Of course, there are other things to consider before signing up.

Make sure the casino is a part of a legitimate network. You should also compare the perks and games that are offered by other casinos that are connected to the same network.

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Understanding How Online Casino Tax Works

One common question comes from online casino players is that whether they are going to pay their taxes or not in playing casino games. “What if we lose?”, “How the taxes deducted from our winnings?”, “Do they always deduct taxes every time we play online casino games?” These are the common confusion many gamblers are dealing with.

So, to start it depends on the gambling law that a particular country has specifically in managing an taxes from online casinos. But not all winnings are automatically taxed by the government. But it is always a player’s responsibility to understand everything about laws that are related to gambling so that they will be aware of how their country deduct money from their winnings. Here are the common processes that occur when getting a tax from online casinos and players (this is very important specially if you are a player from the United States).

Winning Taxes:

In many countries around the globe, especially the USA, it is mandatory for a player to submit or share something from her/his winnings. Sometimes, it reaches to the highest rate which is 50%, the lowest is 30%. How do they know if you win? You are obliged to declare your money or else you will be questioned if they track your money in their audit. Every player is required to declare their money if they win from playing online casino games to the IRS (Internal Revenue Services) whether it is offset by loses or not.

Though the fact still remains that online casinos specifically from U.S. do not declare the amount of your winnings, and of course the federal law do not know if you win or lose, you still have the obligation to follow the law and declare it in your own because at the end, you will still end up explaining to the IRS where your money comes from because they will track your money through their audit.

If you are a big time or the what they call “high roller” player and choose to declare and pay your online casino tax, it will be reported as other income on U.S. tax returns. The process goes by submitting only the net of your winnings. Meaning, if you play blackjack and win $3000 from a $300 bet, that means you have to declare all $2,700.

The only exemption is that you are only required to declare and pay online casino tax if and only if you win big. It considers big if you win 600$ above, and that’s the only time that you are going to declare how much money you have won from playing casino games in the internet.

Tax when a player lose:

About tax when you lose, they indicate it as itemized deductions and will be deducted to your winnings. So it would be much better if you will take care of your taxes and keep them on track. Listed under “other miscellaneous deductions”, you are able to deduct up to the amount you have declared in your total winnings. Please be reminded that you are not allowed or you can’t show a gambling tax loss. For example, if you have declared $5,000 in your winnings, you can also declare $5,000 in your itemized deductions under losses. Just make it sure that you will not exceed to the amount that you have recently declared.

It is imperative that you must prove your winnings and losses. That’s why keeping every receipt, tickets, etc. you receive from playing online casino games is a good option because the IRS strongly suggests that every online gambler must keep everything that will prove if they win or lose. All details must be included such as, the type of bet, how much you win or lose, name of the casino site, the I.P address of that casino, etc. Keeping a detailed book of your payment methods like eWallet, credit cards, debit cards etc. is very essential in paying your online casino tax.

So to conclude, keeping records in playing online casino games and making sure that they are well-organized will keep you away from being questioned by the IRS and also to avoid them sending you to jail for not paying taxes. And of course, you will be able to pay your online casino taxes hassle-free.

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Texas Hold’em – Online Casino

In the world of online casino, Texas Hold’em Poker can be a great enjoyment and even a profitable experience. It is one of the easiest games in the casino where users become masters very quickly. It is a game that goes far beyond the usual poker rules and mathematical points but people love to play it. All you have to do is rely very heavily on your intuition and common sense.

Is it like the real thing afterall?

Online casino Texas Hold’em would give you the feeling of the real casino and you would be tempted to play more and more. You get so much at the convenience of your own rooms, so just relax, sit back and play. You do not have to worry that its getting late and you have to get home. This makes these online casinos even more tempting and irresistible. The online poker Texas Hold’em games have the best software available which makes it very easy to play in a variety of surroundings and places. You can play this game in almost all the online casinos and win big cash amounts.

List of games

There is a list of online Texas Hold’em poker casino games which you can play for real money with high pay outs and bonuses relative to other online casinos. There are rules, strategies, odds and other game tips, all outlined so that you have more chances to win the game and enjoy. In order to get hang of the game and spend real money, you can also play it for free. Once you know exactly how to play then you can play it for cash. The games included are poker stars, poker kings, party pokers etc.

Do you want to play now?

Online casino games give you the ideal opportunity to enjoy and even earn cash. This is the best thing about these online casinos. You do not have to go anywhere but just in your own rooms and on your own computers, you can have access to these casino rooms. You can play them anytime you want and enjoy the moments of life.

From beginner to expert, you must play and practice. This will make you a master and as you keep on playing you would know the game in and out. There are websites to teach you and give you the right plan on how to play. They will charge you a small amount and you would be able to play the game. Don’t rush with excitement but play the game with ease using your mind power and intuition.

If you have been waiting to earn some extra cash or buy some dress at the designer store you love, this is the real opportunity that you can make it possible. Try these Texas Hold’em online poker games and try your luck. Your days of getting rich are not very far away.

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Online Casinos – A Chance To Relax, Dream, And Have Fun

The dream of winning a lot of money is quickly becoming a reality, with some online casino players winning thousands, and in some cases, millions of dollars. I’m sick of buying lottery tickets and never winning! Lets face it, you’ve got more chance of getting hit by a bus than you do of winning a major lottery jackpot. If you’d like to increase your chances of winning a lot of money, and have some fun at the same time, then I recommend experimenting with online casinos.

Advantages of Online Casinos Versus Lottery Tickets

1) More chance of winning

How many people ever win a major lottery jackpot in their lifetime? Not very many at all! My father used to buy a lottery ticket every week, over a period of thirty years. The most amount of money he ever won was less than $100! Compare that to online slot machines that pay out millions of dollars to whoever hits the jackpot! Online poker is also a very profitable game, once you acquire the necessary skills and experience.

2) More entertaining

Online casinos are very entertaining! The sounds, the flickering colours, its almost like being in a real casino!

3) Free welcome bonuses

A lot of online casinos will offer you a big welcome bonus just for playing there. The same cannot be said for lottery tickets. Doesn’t seem very welcoming does it?

Lottery is one of the most popular businesses in the world. It offers the average person the chance to buy a dream. However, its a very unlikely dream as the chances of winning a major jackpot are almost zero! If you want a greater chance of winning, with the chance to have some fun at the same time, then I recommend giving online casinos a try.

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