If A Casino Overpays You

With record lottery payouts, many of my clients are asking me:

  • What happens if I win the lottery while in bankruptcy?

This not a yes or no question.

  • If you feel compelled to move forward with a deal when the numbers tell you to stop, analyze the strategic reasons themselves as rigorously as you can. Remember that most strategic reasons to do.
  • What’s already been a financially challenging year for thousands of Illinois residents, just became even more complicated for some of them. Last week, emails started arriving in the inboxes of people who received Pandemic Unemployment Assistance, or PUA, that they were overpaid and now have to pay that money back.
  • Iwas at a casino in MO. They overpaid me when I cashed out by 500 dollars. I didnt notice the mistake. It is now a month later,andwhenI went back to that casino they told me I had to pay them or get kicked out. Do i Have to pay them back?

The answer depends on:

  • How far along you are in the bankruptcy process
  • Whether you filed Chapter 7 Bankruptcy or Chapter 13 Bankruptcy

This article explains how it works in both types of consumer bankruptcy.

  • Usually creditors get paid off and you get to keep everything you win beyond what is necessary to pay them off

If there were an overpayment for a large amount that wasn't detected it could be considered a criminal act. In the case of a small overpayment, perhaps $25 or less, I don't think anyone is going to care. Casinos are very careful about watching their stacks of $100 chips and up. I doubt an 'error' would ever leave the table. The cashier at the casino is acting as a bank, and you just walked away with $2,000 that was not yours. That is theft, it does not matter who's mistake it was. You are legally obligated to return the money, just as they would be legally obligated to make it right if they shorted you.

CHAPTER 7 BANKRUPTCY

In a Chapter 7, Bankruptcy also called a liquidation or straight bankruptcy:

  • You should be able to keep the lottery winnings if you bought the ticket after filing the bankruptcy

If you bought the the winning ticket before filing bankruptcy in Minnesota, then the lottery money goes into the bankruptcy estate and gets distributed to creditors.

Most lottery winners are OK with this, because they still get to keep whatever is left over after the creditors are paid off.

  • For example, if you won $1 million dollars and had $50,000 in debt when you filed the bankruptcy, you would still get to keep $950,000 of your winnings

There is some justice in this.

After all why should the creditors get nothing when you win the lottery?

CHAPTER 13 BANKRUPTCY

If A Casino Overpays Youtube Music

  • In a Chapter 13 Bankruptcy, or wage earner plan, you must pay the lottery winnings in to the bankruptcy

The idea behind Chapter 13 is that you must pay what you can afford to creditors every month for three to five years, and whatever isn’t paid off at the end of this time gets discharged or forgiven.

If you have a month where you receive an unexpected lump sum or windfall, you must pay the lump sum in to the bankruptcy as well.

Overpays

Just like in Chapter 7 Bankruptcy, however, you get to keep whatever you win after the creditors are paid off.

What should you do if you win the lottery?

If A Casino Overpays Youtube

  • If you win the lottery while in bankruptcy, then you need to tell your bankruptcy lawyer about it
  • If you don’t then you can be charged with bankruptcy fraud

Because you still get whatever is left over after paying creditors, winning the lottery while in bankruptcy will probably still leave you debt-free and with a life-changing amount of money.

CONCLUSION

Casino

Even if you haven’t won the lottery, getting your debts discharged and gaining a fresh start might feel like you have.

Why not Contact Us at 612.824.4357 now and tell us how we can help you become debt free in Minnesota?

KWW
If you are playing a table game and using your player card at a casino you are staying at and are overpaid without you or the dealer realizing it at the time, then leave the table and cash out. Can the casino contact you later, say by leaving a message on your phone in your room and request that you repay the overpayment? If you were using your player card and staying at the hotel I would think it would be easy to find you, but is there a rule that once you leave the table the casino can no longer demand repayment? Don't get me wrong I would gladly pay back any overpayment as I don't want the casino cheating me anymore than I would want to cheat the casino, but just wondering if there are limits to when the casino can contact you and ask for the overpayment to be repaid? I could see this being an issue if you left the table and lost the money at a different game how could they still demand repayment? You may no longer have the funds to pay back what was originally overpaid in the first place.
Thanks for any info.
KWW
RS
In Las Vegas they can ask but you can always deny it, as long as you've been paid and have collected...even if they ask 2 seconds after you scooped it up. Other places, don't know. Pretty sure other places they can (legally) require you to pay back an overpayment....but I'm not sure if there's a statute of limitations on that or what it would be.
AlanMendelson
How much money are you talking about?
I've been overpaid various amounts over the years: was given a green instead of a red because of a careless dealer or a dirty stack, can't say the reason. I've been given a black instead of a green and the dealer said it was a dirty stack. I've been given three reds instead of two reds because the dealer made a mistake. But in ALL cases either another dealer caught it or I returned the error.
Getting back to your question: I doubt an accidental overpayment could ever be made for a large amount because in the case of large amounts the dealer must verify with a floorperson. If there were an overpayment for a large amount that wasn't detected it could be considered a criminal act.
In the case of a small overpayment, perhaps $25 or less, I don't think anyone is going to care.
Casinos are very careful about watching their stacks of $100 chips and up. I doubt an 'error' would ever leave the table.
In the case of an error of $25 or less, I doubt anyone would notice or care. Heck, I've seen dealers pay a player for a 'regularly made bet' that the player forgot to make. For example, a player always has $5 on the horn, and then forgets to make it because of a distraction -- the horn hits and the player is paid. Or a player was distracted when a new point is established and doesn't get his odds on the table, and on the next throw the point is hit. I've seen dealers pay as if the odds were there.
KWW
I was overpaid on a Mississippi Stud game for a Full house 10-1 when I really had a flush 6-1. I think my bet total was $50 so they paid 500 instead of 300. In this case the error was caught a few hands later before I left the table, but the guy next to me told me I should have left as soon as the overpayment had been made and they would not have been able to do anything about it. I was new to the game and admittedly a bit tipsy so I didn't realize the error but the guy next to me did, and was trying to tell me to leave the table so they would not make me repay. I really didn't understand what he was talking about so I stayed at the table and the casino made me repay. Thus my original question.
Ibeatyouraces
Keep it until asked for back. If you prefer to be 'ethical' about it, point out the error immediately and pay it back.
Paigowdan

Keep it until asked for back. If you prefer to be 'ethical' about it, point out the error immediately and pay it back.


I do this. If I didn't legitimately win it, it isn't mine, so why not be honest about it? For that matter, I sometimes get change for a $20 when paying with a $10 bill; I point it out, give it back, and don't give it a second thought. Different people have different values on this; one can think that 'their mistake makes it mine.' I disagree with that. If I demand payment when underpaid, I also give it back if overpaid.
Beware of all enterprises that require new clothes - Henry David Thoreau. Like Dealers' uniforms - Dan.
FleaStiff

I was new to the game and admittedly a bit tipsy so I didn't realize the error but the guy next to me did, and was trying to tell me to leave the table so they would not make me repay.

You were playing with TWO strikes against you. Ignorance and alcohol. If you are that drunk that you don't get the message, its your fault.
Surveillance probably caught it and they would have got it back eventually anyway.
They will NOT show the film to a player and you make a stink and be a mean sport about it, but the best thing to do is pay up when asked to. They have already made the decision to interrupt the game. Often a craps cheat is tolerated a few times just to keep the game going. Its best to play like a gentleman or at least like a somewhat tipsy gentleman.
ahiromu

Keep it until asked for back. If you prefer to be 'ethical' about it, point out the error immediately and pay it back.


This is how I act as well. At a casino, especially if you've been drinking, you have so much plausible deniability that nobody should ever get mad at you for taking an overpayment. I also tend to tip them some of it back... but it's definitely best to wait a few rounds before doing so. If you tip immediately after an overpayment, it just make it look worse than it actually was. That last bit might just be my personal flavor though.
I once got paid 50-1 instead of 25-1 and the dealer and I realized it at the same time about an hour later when he was paying off someone else for the same hit. We just looked at each other and I tipped $5 for a few rounds in a row. I'm afraid he thinks it was on purpose (I shouted out the payout and he trusted me), but it was a complete and utter accident.

If A Casino Overpays Youngstown

Its - Possessive; It's - 'It is' / 'It has'; There - Location; Their - Possessive; They're - 'They are'
Gabes22
I had something similar happen to me in 1999 on a Vegas trip for my 21st Birthday with my father. We were playing at the now defunct Showboat. I had $25 on the table, dad had $40. I had an 18, dad had 19, dealer had 6 showing, flipped over an 8 and drew a 6 for 20, she did the math wrong, thought she busted and dad and I were both paid on the hand. We thought nothing of it, but 15 minutes later three suits tapped us on the shoulder explaining the scenario like I just described and asked if we recalled it. We obviously played dumb, they invited us to his office to review the tape, we declined to which he said we would have to leave if we didn't pay the money back. so we got up, and went over to Boulder Station.
A flute with no holes is not a flute, a donut with no holes is a danish
If A Casino Overpays You
JimRockford

If A Casino Overpays Youngstown Ohio

I do this. If I didn't legitimately win it, it isn't mine, so why not be honest about it? For that matter, I sometimes get change for a $20 when paying with a $10 bill; I point it out, give it back, and don't give it a second thought. Different people have different values on this; one can think that 'their mistake makes it mine.' I disagree with that. If I demand payment when underpaid, I also give it back if overpaid.

I have pointed out errors in my favor before, but not every time. When I don't it's because I wonder how many times I have been underpaid and didn't notice. I only play a couple of times a year and usually indulge a little.
'Truth is ever to be found in the simplicity, and not in the multiplicity and confusion of things.' - Isaac Newton