While most Dragonfish powered online gaming sites still limit jackpot payouts to 24 equal installments, the terms and conditions limiting regular bingo, slots, and other casino game wins have disappeared from all Dragonfish websites checked. This is great news for players who are used to seeing £1,000 per day, £2,000 per week and £3,000 per month withdrawal limits in the best cases at their bingo sites and £5,000 per month at casinos. Now, all winnings can be cashed out in a single transaction, contingent upon banking limits on the receiving end.
This Is Vegas Casino has a withdrawal limit of $4,000 per month, which we consider to be a very low value.If you manage to win big, you might struggle to withdraw your money all at once and it might take you several months or years to actually get all of it.
888 or Dragonfish?
While sorting 888 Holdings' business units has never been easy, Dragonfish is 888's business-to-business line that primarily consists of the delivery platform used by all casinos and bingo sites operating under 888's UK license. However, the brand does claim gaming sites. Dragonfish bingo sites include Wink Bingo, 888ladies, Robin Hood Bingo and Foxy Bingo. 888 licensees such as Spinzilla have removed max cash out terms entirely, while 888.com has listed £/€/$/30,000 as the maximum single withdrawal. Those terms and conditions were last updated in July 2017.
Changes Made Quietly
The changes were made quietly and are reportedly due to regulations imposed by the Gambling Commission in the United Kingdom. Customer service agents and bingo representatives have confirmed to the LCB Network Bingo Manager, Glo Wood, that daily, weekly, and monthly cash out limits have been removed, except in the cases of progressive jackpots.
Now NDBs Really are No Deposit Bonuses
Another great development for players is that they will no longer be required to deposit money before withdrawing winnings from a no deposit bonus or free spins offer. Regular account verification procedures such as registering banking details are still in place under the UKGC's 'know your customer' or KYC guidelines. But, now all that is needed to cash out from free offers is to meet wagering requirements and prove your identity, etc.
Of course, operators are still free to set max win limits such as £100 per offer.
Currently Benefit All Dragonfish Players
If initial reports are 100% accurate as to the reason for these changes there is no reason to believe this won't become the norm, at least for gamblers in the UK. While 888 currently has 273 bingo and casino domains and 18 white labels under license in the UK, they are registered in Gibraltar, and the UKGC can not force them to apply the terms to every player everywhere unless the changes came about as some sort of internal settlement that has not reached the news yet. But we can't speculate on that possibility.
Online Casino Withdrawal Limit 3000 Per Week Notice
However, accessing the terms and conditions pages of several bingo and casino sites powered by the Dragonfish platform showed the same terms and conditions as those accessed from UK IP addresses, signaling good news for Dragonfish players everywhere!
Sources
LatestCasinoBonuses, News, What Happened to Dragonfish Withdrawal Limits? 08-31-2017
The Gambling Commission, 888 UK Limited, Reference 39028, 08-31-2017
888 Holdings Plc, http://corporate.888.com/888-business-units/dragonfish 08-31-2017
Quite often, those who are new to online casinos do not realize that there may be a withdrawal limit imposed by the casino they are playing at. Or, if they do, they don’t understand why this is necessary.
What Are The Limits?
Most players are very excited when they win, and their first step after a win is to make a withdrawal. Then they may discover that their withdrawal request is denied. First off, most casinos have withdrawal limits in place. What this means, is that there is a set amount of money that can be withdrawn by any one transaction. Or, it could apply to the accumulation of multiple transactions over a set period of time.
Withdrawal Limit Examples
Every casino has its own set of rules and regulations. These are overseen by the licensing commission that they are operating under. Part of these rules includes those for withdrawals. Some examples of common rules are:
- Only a certain amount is allowed to be withdrawn in a day
- A specific amount can only be taken out in a one week period
- The casino may have a cap on the amount that can be withdrawn in a month.
Online Casino Withdrawal Limit 3000 Per Weekly
Exceptions
In some cases, online casinos will have different withdrawal rules for their VIP players or high rollers. These types of players are often allowed to withdraw larger amounts and perhaps more frequently.
Maximum Cash-Out Limits
These may sound the same as the withdrawal limits, but they are slightly different. Here the rules will stipulate how much you can withdraw based on your deposits or the bonus money you received. These rules can be complex, and not every casino imposes them.
Know What The Rules Are
It is important you understand the terms and conditions fully when it comes to withdrawals, in order to avoid disappointment. Don’t assume that all the terms and conditions will be the same from one casino to another. Many of them have the same basic rules, but beyond that they can differ.
Review the terms and conditions before you decide to deposit at any online casino. This way you will know if the terms are acceptable.