How Do You Pay Back Casino Markers?

When you gamble in a casino, you may use what’s called a marker to fund your games. A marker is like a check that the casino gives you to use at its tables or to withdraw cash from its cage. You can think of it as a line of credit. When you’re ready to leave the casino, you can “cash out” your marker by going to the cashier’s window and paying off your balance.

Or, if you continue gambling, the casino will deduct your losses or winnings from the balance of your marker. Either way, when your gambling is done, you need to pay back what you owe.

If you don’t pay back your marker, the casino will send it to a collection agency. The agency will then try to collect the debt from you, just like any other creditor.

And if they can’t collect, they may report the unpaid debt to the credit bureaus, which could damage your credit score.

So how do you pay back a casino marker? The best way is to go to the cashier’s window and pay it off with cash or a personal check before you leave the casino. If you don’t have enough cash on hand, you can use a credit card, but beware that most credit card companies treat gambling debts as cash advances. That means they may charge higher interest rates and fees than for other types of transactions.

You might also be able to wire money from your bank account to the casino’s account. But again, be aware that some banks treat gambling debts as cash advances and charge higher fees for them.

If you can’t pay back your marker right away, ask the casino about its repayment policies. Some casinos will work with customers on repayment plans.

Others may require that you leave a deposit equal to the amount of your marker so they know they can at least recoup their losses if you don’t come back to pay what you owe.

Whatever method you use to repay your marker, do it as soon as possible to avoid damaging your credit score or getting hit with high interest rates and fees.