In casino terms, an aggregate limit applies to the total sum of money a casino is liable to pay out for certain types of losses or claims over a certain time frame, such as a year. This ensures that the casino’s financial risk is capped, limiting their overall payout obligations, regardless of the number of individual claims or bets.
Aggregate Limit Example
For example, if a casino has an aggregate limit of $1 million for jackpot payouts in a year, once they pay out $1 million in jackpots, they are no longer obligated to pay out additional winnings until the next year.