VIP Rewards
Here are some Frequently Asked Questions about the XpressBet VIP Program:
What is the VIP Program?
The XpressBet VIP Program is a bonus program for XpressBet account holders who wager $8,000 or more per month. As a VIP Member, the most prestigious status of the XpressBet program, players earn points for every dollar wagered through XpressBet product lines; XpressBet Online, Platinum Live Teller, Touch Tone and Voice Recognition.
How to Qualify for the Program
XpressBet account holders automatically quality for monthly wagering credits by wagering a minimum of $8,000 per month. Players who wager $8,000 per month for three consecutive months or wager $96,000 in a single year qualify for VIP status at the minimum level. Players who wager amounts in excess of the minimum required amounts advance to levels 2 and 3. California residents may enjoy the benefits of VIP membership, but are not eligible to redeem points for wagering credits.
How VIP Points are Calculated
VIPs receive 1 point per $1 wagered on Win, Place or Show pools and 2 points per $1 wagered on exotic pools. Every VIP Member can earn bonus points based upon total monthly handle.
How VIP Points are Redeemed
VIP points are automatically converted to wagering vouchers for the corresponding amount and deposited directly into corresponding accounts by the close of business on the first business day following the last day of each month. Each month begins with a ZERO balance. Wagering vouchers cannot be withdrawn.
Additional VIP Benefits
In addition to earning monthly wagering vouchers XpressBet VIPs also enjoy a host of benefits based on wagering levels. These benefits include use of an exclusive VIP Toll-Free telephone number which moves VIP callers directly to the front of the wagering queue and no-charge credit card processing—a 3.98% savings on each transaction. Below is a table illustrating these and other VIP benefits.
| Level | 1 | 2 | 3 |
|---|---|---|---|
| Annual Handle | $96,000 | $180,000 | $300,000 |
| VIP # | Yes | Yes | Yes |
| CC Deposits (Phone) | 25% discount | 50% discount | Free |
| CC Deposits (Web) | Free | Free | Free |
| Free ACH Deposits | Yes | Yes | Yes |
| Premium Teller | Yes | Yes | Yes |
| ACH Withdrawal | Unlimited | Unlimited | Unlimited |
| Free Fed Ex* | 1/month | 2/month | 3/month |
| * Minimum $250 withdrawal for free service | Additional benefits available above level 3, please contact Customer Service for details. | ||
VIP Program Frequently Asked Questions:
Must I claim VIP Rewards Redemption as Income On My Taxes?
MEC Player Rewards rules and regulations state: "Members are responsible for all taxes incurred or payable in connection with Player Rewards points and rewards."
Does XpressBet send my Rewards redemption amount to the IRS?
No.
Is my personal and wagering information kept confidential?
Yes, all information is kept strictly confidential. XpressBet™ does not share, sell, or exchange information with third parties.
NOTE: Accounts that are not in good standing (closed or locked) at the end of the month will not receive points and will lose their VIP status.