As I understand they would not have to. With the jackpots of that type, Megabucks, Quartermania, Wheel of Fortune, etc. These are jackpots that are secured by accounts with IGT. I believe I heard once that those JPs similar to a lottery are paid off as an annuity and pay an amout per year. You may have an option to take a payout in a lump sum but it would probably be about $10mil. These payouts would be paid by check from the IGT fund that is set up for each game. Reason for this is that, Correct me if I am wrong, All the machines in all the casinos pay into the fund. Therefore, if you Hit at Mirage, you are also getting money paid into the machines at Aladdin, Bally's Mandalay,....
|