Full Tilt Poker Get Money

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Since every other poker site is covering the story of Full Tilt Poker remissions, we’re not going to get into the details. All we’ll say is that sometimes a picture is worth 1,000 words!

All that’s left to do at this point is:

It's easy to lament money frozen in your Full Tilt Poker account. It's a lot more fun to dream about what you'd do if and when you get your money back. There's still a slight glimmer of hope that players might yet get paid back the money they had in Full Tilt Poker accounts. I used my debit card the last time i deposited on full tilt.now i am in the opposite dilemma trying to figure out the best way to get money off of tilt. Check reached me in 8 days.took 3 days to process/clear. How do i get my money back from full tilt poker - Answered by a verified Lawyer We use cookies to give you the best possible experience on our website. By continuing to use this site you consent to the use of cookies on your device as described in our cookie policy unless you have disabled them.

wait for the checks to come in
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The latest round of Full Tilt claims

In October, the Garden City Group (GCG) — selected by the DOJ to handle the remission process way back in 2013 — announced the ninth and likely final wave of refunds to affected players. These most recent payments total approximately $2.7 million.

As the remission process dragged on, and fewer and fewer people waited for their refunds, the poker community’s attention waned. This latest update would have likely gone unnoticed if not for Haley Hintze over at Flushdraw.

According to an announcement on the GCG website:

“All Petitions have been reviewed and, with this round of payments, approximately 97% of Petitions will have been paid and 3% have been denied. Accordingly, the Petition for Remission process is now closed and filed Petitions will no longer be accepted.”

This brings the total number of refunded players up to around 45,000, and the total amount of money refunded to roughly $114 million. That is roughly 72 percent of the total amount believed to be owed ($160 million) to US poker players by Full Tilt Poker.

The money paid back for Full Tilt so far

Most of the money was sent in the first wave on Feb. 28, 2014, when GCG sent more than 27,500 players more than $76 million.

The subsequent rounds of payments have been on a much smaller scale, but altogether total a hefty $38 million:

April 1, 2014: 2,200 players were sent $5 million;
June 12, 2014: 3,200 players were sent $14 million;
Sept. 25, 2014: 600 players were sent $1.8 million;
March 31, 2015: 3,500 players were sent $2.5 million;
June 4, 2015: 2,000 players were sent $4.3 million;
Oct. 5, 2015: 1,900 players were sent $5.5 million;
March 11, 2016: 1,180 players were sent $2.6 million;
Oct. 28, 2016: 1,000 players were sent $2.7 million.

At the end of the remission process, any unpaid money will be split between the Department of Justice and Garden City Group.

Unfiled Full Tilt remission claims

The total number of players owed money by Full Tilt Poker isn’t known. However it’s likely substantially more than the number of former Full Tilt customers who filed claims.

It’s widely believed that the significant difference between the money owed to US players and the amount repaid during the remission process has to do with a significant number of accounts with small balances that never filed a claim with the GCG, for any number of reasons, including:

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Not wanting to deal with the hassle of the claims process for such a small amount of money;
Dormant accounts that were unaware there was a remission process;
Dormant accounts that were unaware they had any money in FTP accounts.

But these small balance accounts don’t account for the entirety of the $46 million or so dollars still unpaid.

Outstanding Full Tilt claims and appeals

There is still a possibility that GCG and DOJ could approve more of the roughly 1,600 remission claims that have been denied by GCG.

“GCG will continue to work with the Department of Justice to evaluate appeals, and any previously denied Petitions that are determined to be payable will be included in an upcoming distribution,” the GCG Full Tilt remission website states.

Many of the denied accounts are believed to be sizable, as denied claims were mainly sponsored professionals and large affiliates, along with claims with informational errors.