Crypto Lottery – Best Crypto Lottery Sites

Whichever country you reside in, you might have access to a lottery game, scratch cards, or sweepstakes. Centralized government agencies sometimes back these – but how do you know the games are fair? We’ve covered the scandals surrounding Camelot and the National Lottery in the UK.

Crypto solves this – many innovative crypto lottery platforms, play-to-earn crypto games (P2E), and similar projects have recently launched on the blockchain. This exciting new trend offers you a chance to win big fully transparently.

This guide covers a recently launched crypto games and competitions platform, Lucky Block, highlighted in 2023 as a potentially good investment and a way to win jackpot prizes.

Then we cover some of the Bitcoin casinos we’ve reviewed with lottery games as part of their selection.

The Best Crypto Gaming Sites in 2023

What is a Crypto lottery?

In its most basic form, a Crypto lottery is not too dissimilar to a real-world lottery. If you’re based in the US, think like Mega Millions. Although there is now a range of variations to the game, Crypto lottery games require you to purchase a ticket, which comes with a set of numbers.

Once the game starts, a certain number will be randomly drawn. The overarching aim is to match as many of these randomly drawn numbers against the numbers displayed on your ticket. In doing so, you stand to win a real-world prize – all paid in Bitcoin.

Let’s look at a quick example to ensure we fully understand the general process.

1. You buy a Bitcoin lottery ticket, which costs the BTC-equivalent of $2.
2. Your ticket consists of 6 numbers, ranging from 1-49
3. The game starts, and randomly draws 6 numbers – ranging from 1-49
4. You match all 6 numbers, meaning that you win the Bitcoin jackpot!

In the above example, you’ll see that you won the jackpot prize by matching all the numbers on your ticket. The amount offered is typically a percentage of the total ‘pool.’ The pool is made up of the number of tickets that were sold. For example, let’s say that $1 million worth of tickets were sold in your respective game. Considering the lower prizes that were won (for example for matching just 3 balls), the Bitcoin jackpot might pay 70% of the pot, which amounts to $700,000.

What are the pros and cons of Crypto lotteries?

What types of Crypto lottery games are there?

It is important to note that the term ‘Crypto lottery’ is quite broad. By this, we mean that there are different variations to the game. Regardless of your version, ticket sales and prizes are usually paid in Bitcoin. However, some platforms do allow you to collect your prize in fiat currency, if this is something that you would prefer. Nevertheless, we’ve discussed the three main types of Crypto lottery games below.

1. Balls are copied from conventional lottery

One of the first-ever Bitcoin lottery games to reach the market was that of Lotto Land. This branch of the Bitcoin lotteries space draws numbers from real-world lottery games. This includes the hugely popular EuroMillions, US PowerBall and Mega Millions, and Irish Lotto. As such, no technology is required, as the numbers you will attempt to match are the same numbers drawn in the respective national game.

On the one hand, some players prefer this, as no input is required from the platform in question. Players know that the offline lottery space operates in a heavily regulated environment, which acts as a safeguard against fraud and manipulation.

However, some players prefer to stay away from this branch of the Bitcoin lottery space, not least because they would instead opt for a ball-drawing process that allows them to verify the game’s authenticity.

2. Balls are drawn via Provably Fair

At the other end of the Bitcoin lotteries spectrum, a whole new version of the game exists – Provably Fair. For those unaware, Provably Fair was first created by the founder of SatoshiDice – a Bitcoin dice game created in 2013. The underlying technology is backed by cryptography, meaning that regardless of your gambling game, you can be 100% certain that the outcome was generated fairly.

It is also possible to independently verify how the Provably Fair mechanism generated its outcome – as all the data is available in the public domain. In the case of Bitcoin lotteries, Provably Fair is ideal.

Here’s how it typically works:

1. You buy a ticket for a Provably Fair Bitcoin lottery game
2. Your ticket and its corresponding numbers are registered – and cannot be amended or altered
3. When it comes to drawing the balls, the Provably Fair mechanism will create a seed
4. The underlying platform will then take a second random seed – only this time from entrants of the game
5. Once both seeds have been hashed, Provably Fair will then generate the balls
6. If you match a certain number of balls and subsequently win a prize, the winnings will be paid to you automatically

One of the best things about Provably Fair Bitcoin lotteries is that the entire end-to-end process can be verified anytime. This includes the exact number of tickets sold, how much was paid, which addresses held a winning ticket, and most importantly – how the winning balls were randomly selected.

3. Balls are drawn via regulated third-party software providers

The third option is using a Bitcoin lottery website with a third-party software provider to draw its balls. Firstly, this particular type of Bitcoin lottery game differs from the previous two we have discussed thus far because they are closer to ‘Keno’ than a traditional one. Keno is similar to a lottery game; however, winnings are not based on the number of tickets sold. Instead, winnings are based on fixed-odds.

For example, let’s say that 6 balls are drawn at random from a possible 50. The numbers run from 1-50. Prizes and paid when you match at least 3 balls from your ticket.

Here’s what each prize could pay:

➡️3 balls: 5x

➡️4 balls: 10x

➡️5 balls: 50x

➡️6 balls: 500x

As you’ll see from the above example, prizes are paid in multiples instead of a percentage of the pot. As such, you can effectively set your own stakes. So, if you decided to buy a ticket at $5 and matched 3 numbers, you would win $25 ($5 ticket multiplied by a 5x prize). Alternatively, if you staked $100 per ticket, you would win $500 for matching 3 balls ($100 ticket multiplied by 5x prize)

The second – and perhaps the most crucial- sets this particular Bitcoin lottery game apart is the process used to draw the balls. Most platforms will partner with third-party software developers such as Microgaming, NenEnt, and Evolution. These software developers are not only required to hold full gaming licenses, but they regularly have their gaming data audited. On the other hand – unlike Provably Fair, the gaming data cannot be verified by the public, meaning that the ball-drawing process is kept behind closed doors.

What are the odds of a Bitcoin jackpot?

Before you begin playing a Bitcoin lottery game, it is well worth considering your chances of winning. First and foremost, your specific odds will depend on some key factors. Notably, this includes the number of balls in the draw, the number of balls that will be drawn randomly, and the number of balls on your ticket.

However, to give you an idea of the underlying odds, we have taken the industry average – a 49-ball game with 6 numbers drawn.

➡️Matching 6 numbers = 1:13,983,816

➡️Matching 5 numbers = 1:55,492

➡️Matching 4 numbers = 1:1033

➡️Matching 3 numbers = 1:57

As you can see from the above examples from a typical 49-ball game, the odds are stacked against you once you get past the 3-number requirement. As such, assessing how much each corresponding win will pay is crucial. For example, let’s say that you match 3 numbers.

Although the odds of you matching 3 numbers are 1:57, will you be paid at odds of 57/1? Probably not. You’ll likely receive a lot less. While this isn’t ideal, people still play the Bitcoin lottery in their drones because of the huge Bitcoin jackpots that are offered for matching all 6 numbers.

How to play the Bitcoin lottery online

So now that you know the ins and outs of Bitcoin lotteries, we will show you how to get started. Follow our simple step-by-step guide below to learn how to register and deposit funds at a Bitcoin lottery platform!

Step 1: Choose a trustworthy Bitcoin lotto site

Your first port of call will be to choose a platform that hosts a Bitcoin lottery game. Sometimes, these will be dedicated platforms specializing exclusively in Bitcoin lottery games. In other cases, platforms will be a fully-fledged Bitcoin casinos that hosts a range of Bitcoin lotteries alongside more traditional games likes like blackjack, roulette, and slots.

Before choosing a platform, you must assess what type of Bitcoin lottery game you want to play. As we discussed earlier, this will dictate how the balls are drawn. For example, while some players prefer balls that are generated via Provably Fair, others prefer Keno-style games that regulated software providers back.

If you’re still unsure which platform to use, we suggest scrolling to the top of our guide and reviewing the Top 5 Bitcoin Lottery Sites we have recommended.

Step 2: Open your account

Once you have chosen your preferred Bitcoin lottery platform, you must open an account. Although the process is similar across most platforms, we’ve decided to show you how to get started with DuckDice,

At the top of the screen, click on the ‘REGISTER’ button. A pop-up box will then appear asking you to choose a username. Once you have read and agreed to the terms and conditions, click the ‘START WINNING’ button. Although you have just created an account by simply choosing a username, you should now go into your settings page and add a layer of security. This can either be via two-factor authentication or email notifications.

Step 3: Fund your Bitcoin lottery account

Once you have opened your account and added a layer of security, you now need to deposit some funds to enter a Bitcoin lottery game. At the top right-hand side of the screen, click on the ‘MY FINANCES’ button. While depositing funds via Bitcoin, click the ‘DEPOSIT’ button next to ‘BTC.’

You will then be shown your Bitcoin deposit address. This wallet address is unique to you and your Bitcoin lottery account, so keep it safe. Copy the address to your clipboard, then head to your external Bitcoin wallets. Finally, once you transfer the funds to your deposit address, the Bitcoin lottery platform should credit the funds within 1 blockchain confirmation.

Step 4: Buy your Bitcoin lottery tickets

When your account is funded, you can buy some Bitcoin lottery tickets. As you will see from the image below, one lottery ticket costs 0.0001 BTC. At the time of writing, this amounts to just over $0.78 per ticket. Next, you must decide how many tickets you want to purchase for that game. The total cost box will automatically update once you enter the number of tickets.

Finally, you then need to decide whether you want your ticket numbers generated randomly, or if you want to choose them yourself. This is very similar to the real-world version of the game, where you can choose your favorite numbers or get the machine to generate them automatically.

Step 5: Withdraw your winnings

If you are fortunate enough to win a game of the Bitcoin lottery, you will then need to withdraw your winnings back out. Don’t forget, in most cases you will need to withdraw your funds back out as Bitcoin. As such, head back into your account’s ‘MY FINANCES’ section, then enter the amount you want to cash out.

Next, you need to enter your external Bitcoin wallet address. For ease, this can be the same address you used to deposit the funds. Once you request the withdrawal, you should see the funds back in your external Bitcoin wallet within 10 minutes.

How to Buy Bitcoins for betting online?

In case you are looking to buy bitcoins for your online betting, then we would suggest you to get your favorite cryptos from the eToro trading platform by following these steps:

Step 1: Open your account on the eToro platform

Visit the official website of the eToro platform, and click the “Join Now” option. After that, fill in the required information, such as your name, address, user name, phone number, and email address, and generate your login credentials. Alternatively, you can register with your Google or Facebook account.

Step 2: Complete the KYC process

Complete the KYC (know-your-customer) process by verifying your identity after creating your account on the eToro platform. You can send a copy of your passport, driver’s license, or any other form of documentation for identity verification. Also, as proof of address, include a utility bill or bank statement. After you’ve uploaded all relevant documents, your account will be validated within minutes.

Step 3: Deposit money into your account

It’s time to fund your eToro account and buy your favorite bitcoins. You can fund your account with eToro using different methods. Credit/debit cards, a bank account, PayPal, and other means can all be used to fund your account.

Step 4: Buy Bitcoin

At last, type the name of Bitcoin (BTC) into the search bar to complete the transaction. After selecting “Trade,” proceed to the order page.

To conclude your purchase, enter the amount of Bitcoin you want to invest and click “Open Trade.”

Visit eToro and open account

The legality of Bitcoin and crypto lotteries

Making online bets is lawful in the United States of America. You are not arrested for online gambling through any bitcoins or cryptocurrency. The present administration has stated that it is willing to allow states to apply their own rules to online casino companies, but that these laws will never harm individuals.

It’s crucial to know that gambling with Bitcoin is fully legal as long as you follow all federal and local regulations. There are no rules that particularly target Bitcoin as a prohibited transaction method. Therefore, it could be said that bitcoin gambling is generally lawful as it is not classified as a specific prohibited activity.

Since state laws differ, you must examine whether online betting is prohibited in your area, and whether Bitcoin is prohibited as a payment option. The current status for overseas betting is that all states can gamble on approved sites in other countries.

To ensure your safety, all online Bitcoin casinos we review at InsideBitcoins abide by the law and use independently certified, provably fair RNGs. You may discover that a certain Bitcoin casino is unavailable in your jurisdiction – for example, Bovada is unavailable in Delaware, Maryland, or a few other places – but the site will automatically restrict users from registering, preventing legal complications.

How safe are Bitcoin and crypto lotteries?

We all know how Bitcoin transactions ensure the anonymity of their users through the process of cryptography. As a result, this decentralized currency mode provides its users with the maximum level of security.

That said, whenever you sign up for any online casino, make sure to check whether you are required to provide any personal information. This would ensure your privacy and anonymity is ensured in online gambling. Though regulated or licensed casinos ensure your data privacy and safety, you are responsible for protecting your data.

Therefore, always play on those casinos regulated or licensed by some global regulatory bodies to ensure your sensitive information is not dealt with in any unauthorized manner. For instance, most of the casinos we review on InsideBitcoins are regulated by the bodies like the Curaçao Gaming Control Board (GCB).

To determine whether any online Bitcoin casino is regulated, look at its “About us” page. This webpage generally includes the casino’s license number or any other information related to its certification or license. Rocketpot, for example, has provided all this relevant information on its FAQ page.

You must also check the site’s security information or terms and conditions to ensure that SSL encryption is used to protect your personal information under the highest security requirements. SSL (Secure Sockets Layer) is an encryption-based internet security technology created by Netscape in 1995 to ensure privacy.

At last, you can also lookout for the reviews of online casinos that are available on famous review sites, social media platforms, and forums- such as Twitter, Reddit, and TrustPilot. You will get to know how past customers feel about the casino’s safety standards and will ensure your data confidentiality and privacy.

We would recommend you refer to TrustDice as it has a good ranking and got some positive feedback from many customers based on its several reviews.

Buy Bitcoin

Regular vs. Bitcoin lottery

Over the last decade, online casinos have become increasingly popular. Many countries have even legalized and started regulating the booming online casino industry. The online gambling culture is rising in accordance with the development of Bitcoins as a digital currency.

Many online casinos have started accepting Bitcoin as a form of payment, thereby starting a new chapter in the crypto casino industry. The crypto gambling industry looks lucrative for many crypto enthusiasts due to the ease of carrying and exchanging bitcoins.

From the above understanding, it is clear that Bitcoin casinos are those where you can play casino games using cryptocurrencies. Here, players utilize bitcoins to pay for their games on the websites. Bitcoin casinos are considered the safest type of gambling as it gives the players complete control and privacy.

These online casinos follow the same laws and regulations as traditional casino, except that gamblers can bet and earn bitcoins on their games. Compared to a regular casino, Bitcoin casinos are considered to be more secure and safer.

Because Bitcoin casinos are so transparent, keeping any information hidden is difficult. Unlike traditional casinos, bitcoin casinos employ a simple online gambling platform, and gamers may easily notice any red flag if unexpected changes occur.

Gamblers can use Bitcoin to enter online casinos safely while still enjoying all of the benefits of these casinos. However, traditional online casinos do not permit such behavior, as most refuse to accept players from particular countries.

Unlike traditional casinos, bitcoin casinos are adding more variety of casino games to their list. Similarly, managing your earnings is easier in Bitcoin casinos because users can easily access their funds anywhere globally.

One promising new crypto lottery project is Lucky Block, which could be the best crypto lottery of 2023 based on early investor interest. During its first bull run, its token LBLOCK increased 65x from its presale price.

While that has retraced, its V2 token has new crypto exchange listings on its roadmap, including Gate.io on September 1st. Read about how to buy Lucky Block.

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