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Lottery 24 February 2016

Explaining The Lottoland Business Model

How Lottery Betting Works

New to Lottoland? Confused by this whole "Lottery Betting" thing? Yeah, we understand. If it all seems new to you there's a reason – it is. Nobody's ever done this before – Lottoland is the first. Our business model is unique and, as you'll see, it gives us several considerable advantages over traditional lotteries.

Friends on their phones checking lottery betting results

Right – let's kick off with the biggest, most surprising thing about Lottoland.

We don't run any lotteries.  

"Wait, what?" – yep that's right. Although we do offer scratchcards and similar instant win games we don't run any lotteries, we don't draw any numbers and you don't actually play the lottery at Lottoland.

Instead, you bet on it.

But, far from being a disadvantage, our lotto betting model allows us to do things that dedicated lottery providers can only dream of.

Like give you more lotteries than anyone else for one thing – and far bigger jackpots too!

 

Traditional Lottery

Lottoland

     

Participation Methods

Tickets and Online

Online only

Prizes Paid By

Lottery operator

Directly from Lottoland

Available Lotteries

Limited number

Large number

Range of Lotteries

Nationally Available

21 International Lotteries

Jackpot Sizes

UK Max: £160 million

Current record Over £1.09 Billion

Double Jackpot

No

Yes

 

The Lottery Betting Model

One disadvantage, however, is that it's hard for us to draw analogies. Since what we're doing is unprecedented there's nowhere we can point at and say "we're like that."

The nearest thing we can point at is your local high street bookmaker. Although the bulk of their trade comes from sports betting, most major bookies offer lottery bets nowadays as a side business.

But when you bet on the lottery with Lottoland there's a HUGE difference.

How huge of a difference? Well, our current jackpot record was £1.09 billion.

Yes, we said BILLION.

We celebrated that milestone just last month when we kicked off the new year with a world-record-breaking jackpot from America's PowerBall. And while we didn't see any jackpot winners on this side of the Atlantic, we still saw some big winners here at Lottoland.

Whereas, although your local betting shop may offer tasty cash prizes for lottery bets, you'll never become a lottery millionaire at the bookies.

But with Lottland you can. And we'll always pay out the full amount directly to you – whether it's a few pounds, a few hundred million pounds, or even a billion pounds!  

Guaranteed Payouts

In order to operate in the UK, we need a license from the UK Gambling Commission. And in order to secure that license, we have to meet specific criteria to guarantee that we will always be able to pay out our winnings to our customers – however large those winnings may be. At Lottoland our prizes are fully backed by several of the world's leading insurance companies – the same companies who insure major corporations and financial institutions.

These insurers have agreed to take on the financial risk involved in huge lottery bets so that, even if you do go on to win a billion pound jackpot, such as we offered in January, the house can easily cover the bet and pay your winnings direct.

The World's Biggest Jackpots

All that's left to do is pick your numbers and place your bets in a bid to win one of the world's biggest lottery jackpots. This week we've got two big juicy jackpots from America. There's the aforementioned PowerBall, with a jackpot of £164 million – already £3 million higher than the UK's highest ever lottery jackpot win. Then there's its rival, MegaMillions, with a jackpot of £225 million.

With both lotteries, you're just six numbers away from winning the biggest UK lottery win in history! 

N
by Niall
Niall


Your next chances to become a millionaire:
KeNow £1 million
Keno 24/7 £10 million
Millionaire GO! £25 million
Austrian Lotto £2 million

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Lottoland and this website is operated by EU Lotto Ltd (company number 109514 and registered address Suite A, Ocean Village Promenade, Ocean Village, Gibraltar GX11 1AA) which is licensed and regulated by the Gambling Commission for customers in Great Britain under account number 38991.

Lottoland is not an official lottery operator. Instead, Lottoland allows Customers to make bets on different lotteries and, if a Customer wins a bet, then they will be paid directly by Lottoland and not an official lottery operator.

All jackpots are estimates and subject to currency fluctuations. Tier 1 winning bets on the US Powerball and US MegaMillions are paid out as 30 year annuity or discounted lump sum at Lottoland’s election, and Tiers 1 – 3 are also subject to 38% reduction as per T&Cs . Tiers 1 - 3 for winning bets on SuperEnalotto are subject to 20% reduction as per T&Cs.

Lottoland is committed to supporting Safer Gambling. Underage gambling is an offence.

How Lottery Betting Works - Lottoland UK

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Prize Tier Information

PowerBall & MegaMillions
Tiers 1-3 are subject to 38% reduction as per T&Cs. Tier 1 winning bets are paid out as a 30 year annuity or discounted lump sum at Lottoland's election.

Payout Information

US Power & US Millions
Tier 1 winning bets are paid out as a 30 year annuity or discounted lump sum at the player's election.

Prize Tier Information

SuperEnalotto

Tiers 1-3 for winning bets are subject to 20% reduction as per T&C's.


Prize pool breakdown

El gordo (Christmas Lotto)

The total Christmas Lotto prize pool, that is to say the total cash up for grabs for all prizes, across its 193 series comes to £2.3 billion*.


When you bet with Lottoland, you’re in with a chance for:


First Prize: £3.5 million*

Second Prize: £1 million*

Third Prize: £0.4 million*


And additional 15,000+ prizes!


When you Double Your Jackpot for the Christmas Lotto, winning bets DOUBLE for not just one, not just two, but the THREE highest prizes!

*subject to currency fluctuations


Prize pool breakdown

El Gordo de Verano

El Gordo de Verano features a prize pool of €120m (approx. £103m*), that is to say, the total cash up for grabs for all prizes.


When you bet with Lottoland, you’re in with a chance for:


First Prize: £1,77 million*

Second Prize: £530,000*

Third Prize: £177,000*


And a host of additional prizes up for grabs!


*subject to currency fluctuations


Prize Tier Information

Keno 24/7
Jackpot is determined on stake amount and the quantity of numbers selected.You can bet from as little as £1 on one number for a maximum prize of £3,or bet up to £10 on ten numbers for a maximum prize of £10 million.

Prize Tier Information

Kenow
Jackpot is determined on stake amount and the quantity of numbers selected.You can bet from as little as £1 on one number for a maximum prize of £1.50,or bet up to £10 on ten numbers for a maximum prize of £1 million.

Prize Tier Information

Multi Keno
Jackpot is determined on stake amount and the quantity of numbers selected.You can bet from as little as £1 on one number for a maximum prize of £0.84,or bet up to £10 on ten numbers for a maximum prize of £430,000*

(*subject to currency fluctuations).

Prize Tier Information

German Keno
Jackpot is determined on stake amount and the quantity of numbers selected.You can bet from as little as £1 on TWO numbers for a maximum prize of £5.37,or bet up to £10.75 on ten numbers for a maximum prize of £830,000

(subject to currency fluctuations).

Prize pool breakdown

El Niño


First prize is €2,000,000 (approx. £1,800,000*),

2nd prize is €750,000 (approx. £680,000*)

3rd prize is €250,000 (approx. £230,000*).


If that wasn’t enough, there are another 37,000 awards up for grabs. That gives you a great 1-in-3 chance of landing a prize.


*subject to fluctuations