You want to gamble at the casino, physically, and you are wondering how much money you could win? You are also wondering how much the casino could pay you in cash, from its own pocket? In this article, we answer these questions that some people might ask.
How much can a casino pay in cash?
In France, the law is very strict regarding casinos. Indeed, a land-based casino cannot pay a person more than 1,000 euros in cash. This limit, absolutely no casino is allowed to exceed... on paper at least. Because it is indeed possible to issue more cash provided that a TRACFIN declaration is made.
This involves the French intelligence services. This TRACFIN declaration allows for effective action against:
money laundering,
financing of terrorism,
tax, social and customs fraud.
How much can a casino pay in cash to a foreign person?
A non-tax resident in France can receive more cash from the casino. Indeed, the law provides that it is possible to retrieve up to 15,000 euros in cash. This money must, however, also go through the prior declaration to the authorities.
The obligations of casinos regarding cash payments
Besides the payment limits imposed, casinos must also keep detailed records of every cash transaction made. In case of doubt, establishments must report as soon as possible and provide all documents requested by the authorities.
These limitations and obligations generally push casinos to prefer other payment options for players. Here are the ones that are preferred:
the cheque, which allows for large jackpot payments but usually involves fairly long cashing times
the bank transfer, which allows you to receive your funds in about 2 to 3 days,
payments split between cheque, cash and bank transfer
What payment methods for online casinos?
Online, casinos do not offer cash payments. It is simply impossible. However, various options are available, such as cryptocurrency (Bitcoin, Ethereum, Ripple, Cardano and other stable coins) as well as e-wallets (Paypal, Neteller). It is also possible to be paid by traditional bank transfer or via a deposit made to your bank card.
In conclusion, on cash payments at the casino
Cash is certainly not the preferred option by casinos, at least if you win more than 1,000 euros. Indeed, the law imposes a payment limit and casinos do not really want to be bothered with obligations. As a result, they prefer other options (notably the cheque), especially for large winnings. Don't hesitate to inquire by going there in person!
You want to gamble at the casino, physically, and you are wondering how much money you could win? You are also wondering how much the casino could pay you in cash, from its own pocket? In this article, we answer these questions that some people might ask.
How much can a casino pay in cash?
In France, the law is very strict regarding casinos. Indeed, a land-based casino cannot pay a person more than 1,000 euros in cash. This limit, absolutely no casino is allowed to exceed... on paper at least. Because it is indeed possible to issue more cash provided that a TRACFIN declaration is made.
This involves the French intelligence services. This TRACFIN declaration allows for effective action against:
money laundering,
financing of terrorism,
tax, social and customs fraud.
How much can a casino pay in cash to a foreign person?
A non-tax resident in France can receive more cash from the casino. Indeed, the law provides that it is possible to retrieve up to 15,000 euros in cash. This money must, however, also go through the prior declaration to the authorities.
The obligations of casinos regarding cash payments
Besides the payment limits imposed, casinos must also keep detailed records of every cash transaction made. In case of doubt, establishments must report as soon as possible and provide all documents requested by the authorities.
These limitations and obligations generally push casinos to prefer other payment options for players. Here are the ones that are preferred:
the cheque, which allows for large jackpot payments but usually involves fairly long cashing times
the bank transfer, which allows you to receive your funds in about 2 to 3 days,
payments split between cheque, cash and bank transfer
What payment methods for online casinos?
Online, casinos do not offer cash payments. It is simply impossible. However, various options are available, such as cryptocurrency (Bitcoin, Ethereum, Ripple, Cardano and other stable coins) as well as e-wallets (Paypal, Neteller). It is also possible to be paid by traditional bank transfer or via a deposit made to your bank card.
In conclusion, on cash payments at the casino
Cash is certainly not the preferred option by casinos, at least if you win more than 1,000 euros. Indeed, the law imposes a payment limit and casinos do not really want to be bothered with obligations. As a result, they prefer other options (notably the cheque), especially for large winnings. Don't hesitate to inquire by going there in person!
