what happens when you cash big?

[Az cat 93 0]

I was able to cash for a little bit at a tourney recently. This got me to thinking...what do the people who cash big do? I mean if you win 50,000/100,000/1 mil/7.5 mil...Does the casino just give out cash or a cashiers check? Can you wire the money to an account from the casino? Do you just walk to your car in the parking lot with all that cash in your pocket? I would think it would be strange to walk to your parked car with all that money. ANyone know what the WSOP champs or runner ups did?

[jjdylan 0]

at the WSOP they just put the 7.5 mil back in those cardboard boxes and loaded them into the back of haschem's car

[PokerFan 0]

several ways they can handle it. first there will be IRS forms that will be completed before any money is awarded. you can have it in a check, wired to an account or cash....thou its not a good idea to take this option, ask Raymer, who was mugged/robbed outside his hotel room not long after his Main event win...

[TheWynn 0]

at the WSOP they just put the 7.5 mil back in those cardboard boxes and loaded them into the back of haschem's car

and the guards with the shot guns ride with him to the airport, fly with him to australia, and then ride with him to his bank until the deposit is made. Then they fly back and repeat process to whereever the next winner lives.

[theone 0]

You know, I dont think one question has ever just been honestly answered....But that would be no FUN...

[elkang 0]

Let me answer...they do whatever you want them to do. Cash, check, wire etc. Most people seem to get a check and sometimes take a small % as cash.btw, Hachem's money is still at the Rio. Also, in the old days they would escort so-and-so winner for his $150K prize with a security guard etc. But, nowadays, they just seem to point $200K, $500K winners to the cage.Really weird... especially when they ask for a tip later... I mean where's the pomp and circumstance - the service? But, the point is that things have changed and money seems to mean less in these tourneys.

[majorleag 0]

Let me answer...they do whatever you want them to do. Cash, check, wire etc. Most people seem to get a check and sometimes take a small % as cash.btw, Hachem's money is still at the Rio. Also, in the old days they would escort so-and-so winner for his $150K prize with a security guard etc. But, nowadays, they just seem to point $200K, $500K winners to the cage.Really weird... especially when they ask for a tip later... I mean where's the pomp and circumstance - the service? But, the point is that things have changed and money seems to mean less in these tourneys.

Correct and in fact they want to pay you in cash so you lose it all in their casino. I have won 2 Blackjack tournaments each for 25k and they actually pay you in $100 chips.The security guard will escort you to the cage and then you can decide what you want to do.The first time I won, I had told my wife that if I won I would bring her $5k, now I didn't really expect to win but I did so I asked for a check for $20k then I took the balance in cash.I intentionally had not told my wife that I won, I told her to close her eyes and put out her hand, then I put 50 $100 bills in her hand!What a great feeling that was!

[Governator 54]

Can't really go wrong taking cheques in increments I wouldn't think, unless a thief just happens to have the same name as you.