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Ability to withdraw credits

Thu, Sep 22 2016 2:14 AM (17 replies)
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  • freddobaxter
    1 Posts
    Tue, Jan 7 2014 9:17 AM

    im new on here and enjoy it very much but why haven't they made it possible to withdraw dredits that you earn? if they made it so you could imagine how many more players would want to play... the prize pots would be so much bigger also making more people want to play.. plus it would make people deposit/buy more credits making wgt more money. surely its a no brainer...

    I hope someone from the WGT staff replies and or they agree to change it so you can. thanks

  • courteneyfish
    15,796 Posts
    Tue, Jan 7 2014 10:53 AM

    That would make this a gambling site and lots of states and countries wouldn't be allowed to play.

  • borntobesting
    9,709 Posts
    Tue, Jan 7 2014 10:58 AM

    freddobaxter:

    im new on here and enjoy it very much but why haven't they made it possible to withdraw dredits that you earn? if they made it so you could imagine how many more players would want to play... the prize pots would be so much bigger also making more people want to play.. plus it would make people deposit/buy more credits making wgt more money. surely its a no brainer...

    I hope someone from the WGT staff replies and or they agree to change it so you can. thanks

    courteneyfish:

    That would make this a gambling site and lots of states and countries wouldn't be allowed to play.

    Not only that but the multi account holders and sand baggers would be in heaven.

  • trigvi
    2 Posts
    Sat, Mar 15 2014 1:04 PM

    courteneyfish:

    That would make this a gambling site and lots of states and countries wouldn't be allowed to play.

    Doesn't the US govt consider Fantasy Sports games of skills?

    Isn't this a fantasy sports website?

    Also, wouldn't be enough to simply disable cash withdrawals for people from said states/countries?

     

  • srellim234
    2,077 Posts
    Sat, Mar 15 2014 1:33 PM

    I'm not sure of all the ramifications but I do know that if enough "winnings" are acquired WGT would have to withhold some of the money, turn it in to the IRS and report the individuals to the government. The laws demand it to make sure the income is claimed and the individuals file their income taxes appropriately. Additionally some counties in some states here have their own laws about local taxes on winnings and when they are to be paid.

    Add to that tracking the laws and doing things correctly for all other countries. I'm sure WGT wants nothing to do with opening that can of worms and subjecting themselves to the additional scrutiny that goes with it.

     

  • alosso
    21,072 Posts
    Sat, Mar 15 2014 2:23 PM

    From a legal POV, a credit is nothing but a license for some in-game buying.

    Nevertheless, it's there!

    Verify your user account with WGT and claim one of the new gift cards from the Elite Pro Shop.

    Be sure to produce 165,000 crs for success.

  • salamii
    1,058 Posts
    Sat, Mar 15 2014 2:31 PM

    freddobaxter:

    im new on here and enjoy it very much but why haven't they made it possible to withdraw dredits that you earn? if they made it so you could imagine how many more players would want to play... the prize pots would be so much bigger also making more people want to play.. plus it would make people deposit/buy more credits making wgt more money. surely its a no brainer...

    I hope someone from the WGT staff replies and or they agree to change it so you can. thanks

    Even if this was possible, where would you spend the credits?   

  • Games4Ever71
    623 Posts
    Mon, Mar 17 2014 11:45 AM

    trigvi:

    courteneyfish:

    That would make this a gambling site and lots of states and countries wouldn't be allowed to play.

    Doesn't the US govt consider Fantasy Sports games of skills?

    Isn't this a fantasy sports website?

    Also, wouldn't be enough to simply disable cash withdrawals for people from said states/countries?

    In your own fantasy. If this turned into real cash earnings. I probably stop playing due to WGT would make it even harder to win.

  • Chinajohn
    1,190 Posts
    Mon, Mar 17 2014 8:59 PM

    borntobesting:

    Not only that but the multi account holders and sand baggers would be in heaven.

    ^^^^

    This is the main honest reason. Too many thieving scum here as it is, no need to encourage them any further.

  • andwhy67
    2,816 Posts
    Mon, Mar 17 2014 11:00 PM

    Or you could sell them on the 'black market' as someone i know did. 

    Make a payment through Paypal for example, receive a challenge for a 'blitz' game, i think that's how it can be done ;)

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