5 Things to do with your Bingo & Scratch Card Winnings

Like us, we’re sure that many of you will have dreamt about a big win at some point in time and have a pretty good idea of what you’d spend it on. Sadly, the reality of winning a huge lottery payout is a dream that for the majority of us will stay firmly in the realms of fantasy. However, if you’ve just started playing online bingo or Scratch cards, you’re likely to be the lucky recipient of the odd win, be it $1, $50, or if you are very lucky, a massive sum of $50,000. When this happens, it can often come as a big surprise, and you might be left feeling unsure of what to do with your winnings. So, for those of you who are fortunate enough to be in this situation at the moment as well as those who’d like to be prepared should the happy occasion arise, here are five things to do with your bingo winnings…

  1. Fund extra, free game-time

The majority of players sensibly set themselves a budget for what they’re prepared to spend on playing games. You may already do this yourself on a daily, weekly, or monthly basis, and if so, you’re likely to sometimes wish you had just a little bit more to play with. So, should you be lucky enough to win at your favourite site, wouldn’t it be nice to use the cash or BBs to use on extra cards and play for free? Depending on the size of your win, you could potentially fund a whole month’s worth or more of free games, leaving with you money to spend on yourself from your usual gaming budget.

  1. Treat yourself

If there’s something you’ve been lusting after, why not treat yourself now you’ve got the money? Whether you’d love a whole, new winter wardrobe, a holiday in the sun, a new car or phone, plan your dream wedding, or the chance to take a month or two off work and travel the world, now’s your chance!

But one thing you should not do as highlighted by GamesSaga.com, do not chase your loss bets by playing your new winnings. Just walk away.

  1. Help someone else

Most of us have a generous side so, if you’ve won a reasonable amount of money, you may wish to use some of your funds to help someone less fortunate than yourself. For example, if you have a favourite charity, you could make a donation to them or, if you have a friend or family member that could really make good use of some extra cash, you might want to consider helping them out. That said, if you’re giving or lending someone else money (even if they’re related to you or a best friend), it would be prudent to seek professional legal and financial advice before doing so in order to comply with any tax regulations, and to document the donation in case of any problems arising as a result of it in the future.

Another way to make you feel warm and fuzzy from your own good fortune is by carrying out a random act of kindness for a complete stranger. You could pay the bill in a restaurant for a table next to you as you leave, hide a sum of money in a library book, drop some money into a person’s shopping bag, or leave a bag of expensive groceries on a pensioner’s doorstep ….. the list goes on.

  1. Early repayment of Mortgage

Coming into some money unexpectedly is a great opportunity to make early payments on your mortgage. While it’s always tempting to head off on a mini spending spree, being sensible with your money is by far the best approach….. make sure that your lender doesn’t have any penalty clauses though!

  1. Save

If the size of your winnings is considerable, you really should seek professional financial advice on how to best invest your payout (e.g., ISA, premium bonds, property). However, whether you’ve won £5 or £5,000, putting your money into savings is a very good and sensible option. Maybe, you have a rainy day fund, a holiday savings account, or a high-interest bank savings account, in which case it’s well worth considering stashing either part or all of your cash away to a) avoid the temptation of spending it all, b) increase its value with added interest over time, and c) have the option to put it towards something special at a later date.

Other things to consider

Before you dash off to spend your winnings, firstly check with your game site to see if they can be withdrawn straightaway. If you’ve won bonus money, you may well find that it is non-withdrawable as it is not deemed real cash and can only be spent at the site where it was won. Even real cash wins often come with certain wagering requirements; plus, in the event of a big win, some bingo sites state in their terms and conditions that the money will be paid to you in instalments (monthly or annually) rather than all in one go. The last thing you want to do is start spending funds before you’ve got your hands on them, only to find out you’re not entitled to withdraw them.

Unless you’ve only won a couple of hundreds of pounds at the most, don’t be tempted to tell the whole world about your win, especially not your fellow roomies if possible. Even remarks on social media sites can be viewed by far more people than you might think, some of whom would happily lie, beg, borrow or steal to get their hands on your money. Think about some of the big lottery winners over the years, who’ve complained about being taken advantage of by long-lost relations, so-called friends, and strangers all begging for a share of their new-found fortune. The best advice to those who strike it lucky with a considerable sum of money is to act calm and normal and only confide in those you truly trust. That means no Ferraris appearing in the driveway out of the blue, and no splashing the cash on endless bottles of champagne in your local bar.


Of course, there are a variety of other ways you can choose to spend your online bingo winnings, as it’s very much a matter of personal taste and dependent on your current circumstances.

So, whether you’re about to take the step of deciding what to do with your latest win or if you’re still waiting for the day that a Full House or progressive jackpot comes knocking at your door, we wish you the very best of luck with your online bingo experience.

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