Online Bingo

Bingo prizes vary from simple cash amounts of $50 to millions of dollars. The prizes may also include objects such as a car, or appliances, trips or vacation packages. Virtually anything can be given away as a bingo prize depending on the context, but cash is the most common prize. The size of the jackpot is determined by how much money is coming in. Usually bingo halls are required to pay out at least 50% of the money coming in as prizes. This percentage can vary depending on the local rules of the States. Some places restrict the maximum amount that can be given away at each session or at each night as prizes.

A progressive jackpot is a prize that keeps increasing until somebody wins it. The game is usually started with an attractive prize money called as the “seed” money. In order to win the jackpot, the player must a blackout with a stipulated number of calls. If this is not won by anyone in one session, then the prize gets rolled over into the next game where it is increased by the addition of the new game’s prize. Therefore these games can go on for weeks and months and the prize amount can increase to a huge sum. Some bingo halls have a ceiling cap on the maximum jackpot sum, some don’t. The bingo halls may have other bonuses such as if the player gets a blackout within a very small number of calls he/she gets an additional prize. Since the chances of this happening are very slim, these jackpots get paid very few times in a year.

Progressive jackpots have now extended into high stakes games, where the end amount could be as high as a million. These are sometimes called as super jackpots and have literally thousands of houses taking on insurance to avoid becoming bankrupt. Satellite bingo games wherein a number of playing houses or websites are linked via satellites to play bingo simultaneously, usually offer these high prizes.


Usually if one is lucky enough to win a jackpot, the procedure is that they don’t get paid immediately. The bingo card is sent to a independent laboratory in the case of offline bingo, and the insurance company also reviews security tapes to rule out cheating. In the online environment, they check for hacking or any such software manipulation techniques used. The check is made out only after 48 hours. The procedure for the payout being, if the amount is less than $100,000 the money is paid in a lump sum, and if it is greater than that the money is paid out on a yearly basis. Paying tax money on the prizes won is still the individual player’s responsibility.

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