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Many people love online casinos because of the comfort and ease of playing games the casino sites offer over land-based casinos. However, the main aspect where brick and mortar casinos could be said to have an advantage over online casinos is payouts.

With real-life casinos, all you have to do is go to the cashier’s window and cash your chips for real money.

Meanwhile, online, you will need to select one of the payout or withdrawal methods available on the site. This usually takes a much longer time than cashing out at physical casinos.

However, with the advancement in technology, and increasing competition in the gaming industry, online casinos are constantly looking for more ways to make their site appeal to players. They are willing to achieve this by making their payout speed faster and providing more payout options for players.

Withdrawing your money from online casinos is as vital as depositing it. That’s why you should only play at an online casino that pays fast. However, a casino’s cash-out speed is not the only factor to check when considering an online casino’s payout.

It would help if you also considered the casino’s reputation, online casino real money free bonus, and banking options.

This guide covers information about fast payouts casinos and how to choose sites that ensure your winnings’ safety and security.

Make a Review Process

Every player hopes to win big while playing casino games. However, big payouts are quite useless if you can not withdraw them as real money. That’s why it’s essential to check your chosen casino through several factors before wagering real money.

Perform a background check on the company that runs the casino site. When was it established? Do they have a physical headquarters? Sister sites? Accessible customer care channels, and most especially a license?

Are online casinos legit? Yes, but not all of them, and one main feature that separates the wheat from the chaff is a license.

If a gambling site claims to be an instant withdrawal casino but does not have a license, don’t play there! It is most likely possible that the site is out to steal your money.

Gambling authorities subject casinos to a series of tests before they grant them their licenses. They periodically test the casino games and payout process to ensure fair play.

They also ensure that the casino has top-notch security on its site to protect its players’ information and financial transactions.

Why Fast Casino Payouts Matter

No matter how thrilling and exciting a gambling experience is, at the end of the day, you hope to win from it. When you win, you’d expect to withdraw your winning’s real money, and you will want it to be fast too.

If online casinos don’t wait much before granting your deposit request, then payouts should also be quick. It feels great to receive your winnings instantly after making a withdrawal request. It helps you feel secure and even sure of the casino’s trustworthiness.

Fast payouts help to reduce the stress that comes with slow withdrawal processes. You will also have more control over your playing budget.

If your winnings are left for long in your casino account, you might be tempted to stop the withdrawal and use the money to wager on more games. At the end of the day, you might end up losing the whole fund.

Besides, you may need the money for more important and urgent needs, and even if you don’t, your winnings are better in your bank account or e-wallet than the casino’s account.

Banking Options You Want to Avoid for Fast Casino Payouts

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Banking options, to a large extent, determine the speed of your payouts. Some banking methods process your payment within 24 hours.

Sometimes it takes up from 1-5 business days before receiving your earnings on some other payment platforms. Let’s look at the banking options you should give a wide berth if you seek the best online casino fast payout.

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Bankwire

If you can’t wait for some days before receiving your payout, don’t select bank wire as your withdrawal option. Although this method is readily available at the best online casinos that payout USA, transactions with it are usually slow. This is because processing time depends on the intermediary bank.

Check

Paper checks and eChecks are also prolonged withdrawal options. While eChecks can take a minimum of four days, Paper checks clearance time can be up to 10 days. If there are low funds, checks are also prone to bouncing, which means a longer waiting time for the player.

Money Transfer

Another method that you shouldn’t use to cash out funds in an online casino is a bank transfer. This is because two banks are involved, and they would have to communicate before you can receive your money. Dear player, this can take a long time.

Reputation and History

Know the status and credibility of an online casino before playing on it. The reputation of a business speaks a lot about it, and online casinos are not an exception.

Even if the casino is new, you are not the first player to sign up on it. Other people have played and witnessed the casino’s claims. This set of people are in the best position to tell you about the trustworthiness of the site.

You can know an online casino’s reputation and track record by reading their customer reviews online. However, ensure you read different opinions of people about the site to get a good and fair knowledge of the casino. This is because some customer reviews might be false, borne out of personal grudges or losses at the casino.

What Should You Do With This Information?

Now that you know the importance and ways of choosing a safe and fastest payout online casino, utilize this knowledge when choosing the next casino you want to play games for real money.

Payout speed is not the only factor that matters; you should also ensure that your chosen fastest withdrawal online casino is licensed with reputable authorities. It should also have a good reputation online.

We’re now in mid-August, and many of the country’s top gambling venues remain shut down. Many felt that casinos would only remain closed for a few weeks. As time goes on, however, more people recognize how difficult it is to reopen casinos right now. Interestingly, US online gambling revenue is surging thus far in 2020.

States are beginning to take notice of this revenue jump. It’s likely that more state leaders will begin looking into the legalization of this industry soon.

Today, we’re going to look at how much online gaming revenue jumped already this year.

Many Casinos Remain Closed Around the Country

For the past few years, the US casino industry has been growing steadily. Major gambling destinations such as Las Vegas and Atlantic City saw their tourism rates surge. Several massive new casino-resorts were being constructed around the country and some felt we’d entered into a new golden age for the gambling industry.

Things came to a screeching halt in March. At that time, health officials began warning that crowded venues would be prime locations for the new coronavirus to spread. State leaders around the country immediately called for the closure of all casinos.

Some parts of the US were hit harder due to these regulations than others. Places like Las Vegas, for example, took an immediate blow. This city relies heavily on its tourism and gambling industry. An incredible number of jobs were immediately lost due to the casinos shutdowns.

To make matters worse, no one knew when these regulations would be lifted. Casino companies immediately began coming up with plans to safely reopen. It wasn’t until June that casinos in Las Vegas were given permission to start accepting guests again.

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Even today, many states are prohibiting their commercial casinos from reopening. Over in New York, a large rally is being held this week to protest these regulations. It’s still unclear when all of the country’s gaming venues will be allowed to reopen. Many will likely be forced to permanently close their doors.

The longer land-based casinos remain closed, the more popular online casino gambling becomes. Reports have just surfaced that show how much revenue the country’s regulated online casino industry is generating right now.

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Here’s How Much US Online Gambling Revenue Already Increased in 2020

Online gambling has always been popular in the US. In recent years, several states have chosen to officially regulate and tax this industry. These states are now earning a massive amount of revenue from this industry.

It’s now becoming clear how much money the US online casino and poker industry is earning. This week, the American Gambling Association released a report showing the jump in earnings. The report claims US online gambling revenue tripled in 2020’s second quarter when compared to 2019.

The online poker and casino industry managed to bring in an incredible $402 million through April, May, and June. It’s the largest revenue increase ever recorded. Land-based casinos, unfortunately, saw their revenue dip by more than 80% in 2020’s second quarter.

Casey Clark, a vice president at the American Gaming Association, spoke with Business Insider about this massive revenue increase this week.

“Consumers like convenience,” Clark said. “There was very little competition from brick-and-mortar casinos in the second quarter.”

This trend probably won’t slow down anytime soon. More states are likely to begin looking into the regulations of this industry soon. Casino companies across the country may begin focusing more on their online operations, as well.

Sports betting is growing more popular now, as well. This industry is also becoming highly profitable for many different states around the country.

Online Sports Betting Revenue Continues to Surge

The land-based casino industry in the US wasn’t the only one to be affected by the regulations being set around the country. The professional sports industry was hit extremely hard, as well. All major sports leagues around the country were forced to shut down in March and many have only recently begun to operate again.

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Some leagues saw the situation as an opportunity. The UFC became the first league to come back and is now more popular than ever before. Today, the MLS, MLB, and NBA are all holding their seasons, albeit with significant changes set in place.

Online sports betting is now extremely popular around the country. More than 20 states around the country have officially legalized and regulated this industry. Many more are likely to do so over the next few years.

Casino companies around the country saw their second-quarter revenue earnings drop sharply. It’s clear that US online gambling revenue is increasing right now and more of these companies are taking notice. We’ll likely see a major push to regulate internet casino gambling in more states around the country soon.

It’s an extremely unusual time for the gambling industry. Things are changing fast and no one really knows how things will look by the time 2021 rolls around. Make sure to stay tuned for more updates on the country’s casino industry over the next few weeks.

Are you surprised to see how much online gambling revenue has increased? Let us know in the comments section below!