Bitcoin Lottery Guide

Lotteries are the bread-and-butter of gambling. They’ve been around for many years; in fact, they can be traced as far back as the 15th century. Plus, they are also legal in many places, even in countries where other types of online and offline gambling are banned or heavily restricted. Cambodia, the UAE, Singapore, Lebanon, and North Korea are just a few examples. These countries prohibit or heavily limit gambling yet regularly hold legal lottery draws.

As a keen lottery player, I’ve enjoyed the thrill of entering many a traditional lottery myself. National, transnational, regional, you name it. I’ve played almost all of them to stand a chance to win a cool million or more. Unfortunately, I haven’t won the big jackpot yet. But not to try is tantamount to never winning, so I’ll keep on making sure to purchase my regular lottery tickets. And at just a few bucks per ticket, lotteries aren’t too heavy on my wallet either.

My excitement about and enjoyment of lottery games aren’t unique, though. Many people love to play lotto all over the globe. That’s why I’m so excited to write about the newest kid on the lottery block – Bitcoin lotteries. If you’ve heard of these before, then you probably know why they’re so enticing. If not, then you’re about to find out. That’s because I’m going to spill my can of Bitcoin lottery beans right here.

1
100%
TOTAL SCORE

100% up to €500

Cryptocurrency Payments
VIP Programme
Sports Betting
Long Withdrawal Time

2
100%
TOTAL SCORE

100% up to €150

Hugo Casino is a reputable online gambling platform licensed by the Government of Curacao. The casino offers casino games from the top providers. This Hugo casino review covers the available games, payments, casino bonus offers, and safety features.

3
91%
TOTAL SCORE

3 BTC Bonus + 25 FREE SPINS

TrustDice Casino is a unique crypto casino which gives players the luxury of anonymity. With its multilingual interface, the casino welcomes players all around the world by offering multiple bonuses. Read my TrustDice Casino review to learn more about the goodies you can find here.

4
91%
TOTAL SCORE

100% up to €1000

If you want to try a new casino site, Sloterra Casino should be on your list. Sloterra Casino has a wide range of games catering to all players. Mudanimation N.V. owns and manages the site with a license issued under the authority of the Curacao government. You can also access the site in multiple languages with flexible payment options. Read further in our honest Sloterra Casino review.

5
90%
TOTAL SCORE

Tournaments and VIP Program

Wolf.bet is an online casino offering different cryptocurrencies. Moreover, it aims to present you with a robust gambling experience.

6
90%
TOTAL SCORE

150% Bonus up to €2,000 + 50 free spins

Sol looks like a perfectly designed online casino presenting players with superior quality gaming. While this might be true to some extent, the casino does have some drawbacks too. Learn all about them in my Sol Casino review.

7
90%
TOTAL SCORE

100% up to €1500

Freshbet Casino spared no effort to offer the best to its customers, and it was pretty clear from the casino's high-quality services. Particularly, crypto users will be delighted that they can use their favourite coin as a payment method at Freshbet. Join me in this review to learn more about the games, bonuses, and other features.

8
89%
TOTAL SCORE

220% up to 1000€ + 125 Free Spins

No sports betting
Free spins
Cryptocurrency Payments
Fast withdrawal

9
88%
TOTAL SCORE

100% up to €500

Cryptocurrency Payments
Fast withdrawal
Daily Promotions
No sports betting

10
87%
TOTAL SCORE

100% up to €600 Welcome Bonus

Owned by Paloma Media B.V., Thunderpick is a one-stop gambling site that promises customers maximum entertainment. The Curacao based operator is in partnership with leading software companies that supply new and unique games.

11
86%
TOTAL SCORE

100% up to €100 & 100 Free Spins

At Wild Tokyo Casino, I was able to find a great diversity of games and features that deserve praise. However, there is too much to highlight. In this Wild Tokyo Casino review, I will get into some of the most important highlights that can help you decide if it's the right gambling spot for you.

12
86%
TOTAL SCORE

15% Cashback Bonus up to $2000

Bitcoin Games is a cryptocurrency casino offering a unique gambling experience. So, what’s there to enjoy at this casino? Know all about it in my Bitcoin Games Casino review!

13
86%
TOTAL SCORE

100% up to BTC 0.0050

From the first moment you log in to 21Bit Casino, you will feel the difference. On this platform, you can feel a luxurious experience from the website's smoothness, design, animations, and overall colours with the ability to choose your preferred theme.

14
86%
TOTAL SCORE

100% up to 1 BTC + 50 free spins

15
84%
TOTAL SCORE

100% up to €250 Welcome Bonus

Being a crypto-friendly casino, CyberBet is a gambling platform that offers a fun and enjoyable experience. I particularly like how it provides plenty of sports gaming options in addition to CyberBet Casino games.

16
83%
TOTAL SCORE

Various Crypto Bonuses

Being a relatively new online gambling platform, CryptoGames has captured the attention of millions of players around the world. By providing a plethora of crypto games and banking methods, the casino is successfully attracting new players. Find out more about this in our comprehensive review!

17
83%
TOTAL SCORE

100% up to 1 BTC

Established in 2022 and licensed by the Curacao government, Blizz is an online casino with over 5000 quality games, a tempting welcome bonus, five cryptocurrency payment methods, and VIP perks. The website design is perfect, and youll be able to play your favorite digital and live casino games on your mobile or desktop.

18
83%
TOTAL SCORE

Get up to €240 Welcome Bonus

Monte Cryptos Casino is being considered among the leading casinos of the industry even though it was established just a few years ago. I was wondering why it is being held in the realm so early. Hence I decided to give it a try! So keep reading my Monte Cryptos Casino review to know the details I found out behind its increased publicity!

19
82%
TOTAL SCORE

100% Bonus up to €300 + 100 Free Spins

Tsars is a well-constructed online casino, offering players a revitalising gambling experience. What makes it so extraordinary? Know all about it in my Tsars Casino review below!

20
81%
TOTAL SCORE

100% up to €100 Bonus

Lucky31 Casino is an established gambling platform in the market. It has been online since 2015 and providing services in a variety of countries. It is owned and operated by MTM Corporation. In this Lucky31 Casino review, I covered all the basics of the brand to help you make your final decision. Enjoy!

21
81%
TOTAL SCORE

100% up to €100

Looking to explore the gaming riches online? N1Bet Casino is the way to go! The platform has 5000+ games playable on various devices, exciting promo deals and more. Check it out today!

22
80%
TOTAL SCORE

150% up to 1 BTC Bonus

With fascinating bonuses and promotional deals, the CryptoWild Casino will lure you into using their casino. However, apart from slots, is there anything else that the casino can offer to spice up players’ gambling experience? Read my CryptoWild Casino review below to know for yourselves.

23
79%
TOTAL SCORE

100% up to €50 & 100 Free Spins

Casino Extra is one of the rooted gambling platforms in the market. It does a stable job offering a variety of gaming options for the punters. Moreover, the casino presents various promotions to ensure a rewarding experience. Have a look at my Casino Extra review to learn more.

24
78%
TOTAL SCORE

400% Bonus up to €12000

NewVegas Casino brings a fresh gaming platform accessible for players from different regions. Let’s get to know all the details of this site in my NewVegas Casino review!

25
77%
TOTAL SCORE

100% up to 1,000 mBTC

One of its kind, Rocketpot is a Bitcoin Casino which comes with plenty of gaming options to seek. Added to this are other profitable choices such as welcome bonus deals, regular promotional offers, loyalty program and much more. Check them all out in my Rocketpot Bitcoin Casino review!

26
77%
TOTAL SCORE

100% Bonus up to €500

Launched in 2019, Lilibet Casino is a great gambling platform that offers punters a fun-filled gaming experience. The site is fully licensed by the Government of Curacao and protected by new and sophisticated security systems.

27
73%
TOTAL SCORE

100% up to €100 Bonus

With Direx N.V. being its owner, 7Bit Casino was established in 2014 and prides itself on giving players multiple crypto options. Whether it’s withdrawals, deposits, or just betting, you can safely use popular cryptocurrencies such as Bitcoin or Ethereum on the 7Bit Platform.

28
73%
TOTAL SCORE

Get up to 5 BTC Welcome Bonus

Established in 2018, Fairspin is a crypto casino operator that offers gambling solutions with top quality. It is operated by Techcore Holding B.V. that seeks innovative gaming experience in the iGaming industry. Furthermore, the casino provides its services under the licence of Curacao eGaming for reliable gambling experience.

29
72%
TOTAL SCORE

100% up to €200 Bonus

arcanebet is a decent online casino choice if you want a variety of gambling options. The provider has over 3000 different casino games, a top-notch live casino, and boasts solid sports and Esports betting sections. Read on to find out more.

30
66%
TOTAL SCORE

100% up to €100 Bonus with 100 Free Spins

Owned by Dama N.V., iLucki Casino is a fresh gambling platform offering various online casino games. It was founded in 2018 by a group of casino enthusiasts with a clear motto; players come first. Thus, it provides a number of opportunities including fast cashouts, crypto support and customer service.

bitcoin lottery sites

Best Bitcoin Lottery Sites

If you know all about BTC lotteries and you’re just here for my list of the best BTC lottery game sites, then you can find all of my top sites right here. Simply pick one with which to play lotto to get started. Plus, you can rest assured that you’re buying a ticket for the best seats in the house. That’s because I’ve selected these sites with specific criteria in mind:

  • A lucrative Bitcoin jackpot
  • Provably fair lotto results
  • Low house edge
  • A regulated and safe site
  • Jackpots paid out in Bitcoins

How does Bitcoin Lottery Work?

Purportedly, the first Bitcoin lottery got held at the end of 2017. And as surprising as it is that the number one cryptocurrency hasn’t had its own Bitcoin Lottery for longer, its a fact that these types of lottos are a very new concept. But you’ll be pleased to know that the way they work isn’t new at all. In actual fact, it’s quite simple to wrap your head around the BTC lotto and how it works. That’s because Bitcoin lotteries operate almost exactly the same as regular lotteries. Except that the currency that a BTC lotto prize gets paid out in and the way that the numbers get drawn is different from traditional lottos.

How are Bitcoin Lotteries Paid Out?

Bitcoin lottery prizes are displayed and paid out in Bitcoin – BTC instead of other cryptocurrencies or FIAT currencies. If you are not familiar, they are regular currencies like USD, GBP, and EUR. In some cases, lower prizes may get paid out in FIAT. But that doesn’t mean that Bitcoin lottery game tickets always get sold in BTC. They are actually available for sale in both FIAT currencies and BTC cryptocurrencies. The currency available to pay for your ticket will depend on which Bitcoin lottery sites at which you choose to buy it.

How Are Bitcoin Lotto Numbers Drawn?

The other difference between traditional lotteries and BTC lottos is the way the lotto numbers get drawn. For example, one well-known lottery ticket site employs a very fair way to draw the numbers for their Bitcoin lotteries. Their winning lotto numbers are the same numbers drawn from Spain’s official lottery – the Bonoloto. So, all you have to do to enter a BTC lottery with them is to create an online lottery site account and select your six numbers. Then wait and see if you’ve matched numbers with the Bonoloto draw and therefore won a prize or the jackpot for their Bitcoin lotto. In the case of their BTC lotteries, multiple prize tiers also correspond to the Bonoloto tiers. However, the lowest of these tiers gets paid out in FIAT currency.

Other Ways to Play Bitcoin Lotteries

But that’s not necessarily the case for all lottos. This is just one example of how one Bitcoin lottery works. The way that the factors and other details of a lottery play out may vary depending on which Bitcoin lotto site you choose. Some may have prizes for lower number combination tiers in smaller denominations of Bitcoin’s, others may pay these out in FIAT currencies like the site above, and other sites may operate entirely differently. So, make sure to read the rules and regulations for each type of lotto prior to playing as they can be as varied as traditional lotteries.

Plus, there are other ways to play using Bitcoin. Perhaps you just want to pay with BTC for your regular lottery ticket? This is entirely possible; some sites offer this currently. And others are gearing up to take BTC as a payment method as we speak. Some of these sites may even call themselves Bitcoin lotto sites despite the fact that their jackpots don’t get paid out in Bitcoin.

Free Bitcoin Lottery

Perhaps you’re new to this type of lottery, and you want to play free lottery Bitcoin games? This is possible too. There are some sites where you can play for free. And if you like the free game, then you can opt to play with real Bitcoin lottos. You can do this without spending a cent, possessing a crypto wallet, or signing up for an account with a Bitcoin lottery site. Some sites even offer free tickets for real money lotteries. If you want to find a site at which to play for free or get free tickets, simple browser searches like “lottery Bitcoin free” or “free ticket Bitcoin lotto” will bring up a few options. Just make sure to choose a provably fair lottery game, no matter whether you’re playing for free or for real money.

Bitcoin Lottery Mining

So, Bitcoin lotteries are relatively new, but did you know that lotteries aren’t new to the blockchain? Bitcoin lottery mining is the concept on which the blockchain operates. But please don’t confuse this with Bitcoin lotteries. Bitcoin lottery mining has more to do with the way Bitcoin and the blockchain operate than the Bitcoin lotteries I have already discussed. The word “lottery” gets used because the blockchain utilizes a lottery-based rewards system to create and award Bitcoins to miners. But, if you’re not here to understand the intricacies of Bitcoin mining, then don’t worry. I won’t go into too much detail about this topic. Suffice it to say that Bitcoin Lottery Mining and Bitcoin lotteries are very different pursuits.

Why is Mining Bitcoin Less Lucrative Than Playing Bitcoin Lotteries?

So, if you’ve heard of mining, it may sound easy and cheap, right? Well, it may be simple to let your hardware do the work. But it’s definitely not cheap to buy your hardware and mine. That’s because the computing power and electricity required is expensive. The cost of mining one single Bitcoin is estimated at anywhere from a few hundred US dollars up to tens of thousands. This variance in number is in part due to the different electricity costs all over the world. Considering that one Bitcoin is currently valued at just under $10,000 (and its value has fluctuated wildly over the years), mining is still a lucrative procedure. But it’s by no means the safest investment nor the cheapest venture.

That’s why your best chance of getting ahold of some Bitcoin is to enter a Bitcoin lottery. There are a number of lotteries available from which to choose. And most of them offer a jackpot prize that is much more lucrative than Bitcoin mining. Plus, with mining prospects as they are at present, perhaps you’ll have more of a chance of winning a Bitcoin lottery than you will of mining a Bitcoin.

How to Gamble with Bitcoin?

Now that you know a little about Bitcoin mining and it’s lottery-based rewards system let’s go back to Bitcoin lotteries. I’m sure it’s pretty obvious right now how participating in one of these lotteries is one of the best ways to get your hands on Bitcoins. So, perhaps you want to buy a Bitcoin lotto ticket now? Well, the good news is that it’s much easier to enter a lotto draw at Bitcoin lottery sites than learn how the blockchain works. In fact, if you’ve ever played the lotto before, you’ll recognize the steps involved in this procedure. Here’s my simple guide on how to get started:

  1. Create an account with one of my best Bitcoin lottery sites.
  2. Deposit money into your account if necessary.
  3. Select your crypto lottery.
  4. Choose your lottery numbers.
  5. Take a look at the prize for each matching number combination.
  6. Wait for the draw to see if you win with your chosen number set.
  7. If you win, claim your prize.

See? It is a piece of cake for everybody to participate in a bitcoin lottery process.

Bitcoin Casinos

There are many ways to gamble with Bitcoin other than participating in a Bitcoin Lottery. You can also gamble at online Bitcoin casinos. Or sign up for a sports betting account and make a Bitcoin bet, or even play at a land-based Bitcoin casino. Just bear in mind that offline Bitcoin gambling is very limited. Though who knows, this may change in the future, especially with Bitcoin machine manufacturers currently in the process of designing and testing unique Bitcoin gambling machines.

Anyway, case in point, there are many ways to gamble with Bitcoin. And lotteries and online casinos are among the most popular of these. Luckily there are many casino sites, and it’s very easy to create an account with them. Just make sure that you select websites that offer provably fair casino games. This is a new method of checking if a Bitcoin game is fair. Much like you can check how fair a slot game is by looking at its RTP.

Safety & Privacy at Bitcoin Lottery Sites

Bitcoin has gained traction as a payment method, not least because of its security, speed, and pseudonymity. It’s also gained popularity for its value as an investment. But perhaps its also gained ground within the gambling industry because it’s not nearly as regulated as FIAT currencies. Plus, all transactions are pseudonymous in nature; they utilize a random string of numbers. So, you aren’t required to share much personal info with the gambling site or to open your crypto wallet. Add to that that the laws regarding gambling with it are a bit spotty in certain countries, and you have a recipe for a lot more freedom. At least for now.

Regardless of this seedier side of the cryptocurrency, these factors also offer plenty of protection to those who are just looking for a bit of lottery or gambling fun. But bear in mind that these transactions are pseudonymous, not anonymous. This means that your transaction information is visible on the blockchain platform. It’s just under your pseudonymous blockchain address. So, with this in mind, here are the best and worst safety & privacy features of Bitcoin lottery sites.

Pros:

  • All transactions are pseudonymous.
  • Provably fair games are guaranteed to pay out fairly.
  • It’s decentralized, so your winnings are more difficult to seize.
  • Limited personal or financial data required for you to open a wallet and make transactions.
  • There’s no need to have a bank account to use your cryptocurrency.
  • This cryptocurrency has a good chance of rising in value.

Cons:

  • Limited crypto sites and lotteries available.
  • The value of this cryptocurrency isn’t as stable as many FIAT currencies.
  • Blockchain transactions aren’t anonymous.
  • This cryptocurrency has a chance of falling in value.

Conclusion

Playing a Bitcoin lottery game is a new concept, but luckily the way these types of crypto lotteries work isn’t that complicated. And if you choose a provably fair lottery, you can trust that the lotto results are fair. And the best part is that you don’t really need to know much about mining or buying cryptocurrencies to buy a lottery ticket and win Bitcoins.

References

  1. https://www.gamblingcommission.gov.uk/for-the-public/Fundraising-and-promotions/Fundraising/Private-companies-fundraising-through-lotteries.aspx
  2. https://www.researchgate.net/publication/346577747_Gambling_as_Interaction
  3. https://www.bankofcanada.ca/wp-content/uploads/2014/08/wp2014-33.pdf

FAQ

  • Can I pay for regular lottery tickets using Bitcoin?

    Yes, many sites offer traditional lotto ticket payments in Bitcoins and other cryptocurrencies. But these lottery tickets differ from a Bitcoin lottery because you won't win Bitcoin's. You may have the option to withdraw in Bitcoin, though, but this depends on the site from whom you buy your tickets.

  • What is the average Bitcoin lottery jackpot payout?

    The top prize for matching all numbers in most Bitcoin lottos is around ₿1,000. But, this is just a general figure, and it varies depending on the lottery and site.

  • Should I sell my Bitcoin lottery winnings for Fiat cash?

    That depends on you; you can opt to keep your ₿'s or sell them for cash. But, holding on to them until their value rises could get you a tidy profit. That's because the value of Bitcoins has gone up and down over the years.