Whichever country you reside in, you might have access to a lottery game, scratch cards or sweepstakes of some sort. These are sometimes backed by centralized government agencies – 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 – there are now many innovative crypto lottery platforms, play to earn crypto games (P2E) and similar projects that have launched on the blockchain in recent times. This exciting new trend offers you a chance to win big in a fully transparent manner. In this guide we cover a recently launched crypto games and competitions platform, Lucky Block, that we’ve highlighted in 2023 both as a potentially good investment and a way to win jackpot prizes. Then we cover some of the Bitcoin casinos we’ve reviewed that have lottery games as part of their selection. On this Page:Contents [show] The Best Crypto Gaming Sites in 2023 LuckyBlock - #1 NFT Competitions Platform Lucky Block is a crypto and NFT project that operates a worldwide games and NFT competitions platform on the Binance Smart chain. Using blockchain protocols, their aim is to improve transparency and offer better odds of winning, than the conventional prize draws people enjoy. The mission statement of Lucky Block is to make online gaming, real-money competitions and prize draws available to all geographical regions without being tied to local financial systems, and to improve fairness. Their debut prize draws began in May 2022, which can be participated in by holders of its native token LBLOCK or its NFTs the Platinum Rollers Club. An incentive to hold the LBLOCK token or a Lucky Block NFT is that those holders can receive a small share of all jackpots as rewards. The LBLOCK token launched Jan 26th, 2022 and investor interest was high – it made 65x gains from $0.00015 to $0.0097 in the first quarter of the year. The price has corrected since and may now be undervalued. Since then Lucky Block has put more focus on NFT-based competitions and launched a V2 token, an ERC-20 token that can more readily be listed on crypto exchanges that don’t list BSC tokens. LBLOCK V2 was listed on MEXC and has an upcoming listing on Gate.io on September 1st 2022. Lucky Block casino offers a great welcome bonus which consists of a 200% matched deposit bonus of up to £10,000 and 50 free spins. The welcome bonus comes with a 6x wagering requirement which is far lower compared to other crypto casinos. 50 free spins become claimable upon depositing $20 (at least) on this casino and can be used on Wanted or Wild – both are slots. Read the Lucky Block project roadmap at their website and meet the team in the Discord. Later phases of the project will include funding metaverse projects. Key Points: ✔️ Partnered with London-based media company ✔️ 10,000 Lucky Block NFTs minted on NFT Launchpad ✔️ Token owners will receive royalties ✔️ Mobile app launched ✔️ Pre-sale sold out early and token had a 65x bull run within two months Visit LuckyBlock Now BC.Game - One of the Most Reputable Crypto Casinos with a Lottery Ever since its launch in 2017, BC.Game has been dedicated to being a crypto casino that aims to provide all crypto enthusiasts a thrilling experience of online betting. It gives its customers an option of making a deposit with60+ different cryptos and DeFi tokens. On top of it, you get an opportunity of receiving a bonus in terms of cryptocurrencies, and other currencies. The player community can communicate with one another in a chat group and send USDT tips from the BC.Game webpage. There’s also a sizable player forum as well as a leaderboard for the day’s biggest winner. Similarly, the casino has unique game offerings with the name “BC Originals”, which is designed specifically keeping in mind the requirements of a crypto lover. These games include Keno and Slots, Roulette, Baccarat, Blackjack variants, dice games, and video poker. Another reason to go for this reputed casino is that the platform has hardly received any complaints from its customers regarding their gaming experience. Apart from accepting a variety of cryptocurrencies, BC.Game allows users to deposit and withdraw them in a variety of ways. Though there is no wagering requirement for the first no deposit bonus, however, there are different wagering requirements for different sorts of games. Overall, this platform has a number of outstanding features that could easily catch the attention of many players and gamblers in very little time. BC.Game’s lottery has prize payouts as high as $100,000 for matching all six numbers in its daily draw. Key Points: ✔️ Contains a wide variety of payment options ✔️ Gives a sense of community and player support to all its customers ✔️ Offers many deposit bonuses to the users ✔️ Available on desktop and smartphone apps (both Android and iOS) ✔️ Win Up to $100,000 Visit BC.Game FortuneJack - Best platform for Keno-style Bitcoin lottery games FortuneJack is one of the main players in the Bitcoin casino and sportsbook space. Launched way back in 2014, the platform lists thousands of games, which covers both software games and live dealers. Although FortuneJack doesn’t offer traditional lottery games, it makes our list because of its extensive Keno department. In its most basic form, Keno is a form of lottery that uses fixed-odds, as opposed to a progressive pool that bases its wins on the number of tickets sold. This appeals to a lot of players because you have the chance to set your own stakes. Moreover, as you are competing against a pre-defined algorithm, you can play as many games as you want, whenever you want. However, unlike Crypto lottery platforms like DuckDice, FortuneJack generates its lottery balls via regulated third-party software providers. Although this might make you uncomfortable, these software providers must go through a highly stringent regulatory process before they are able to launch their games to the online space. As such, you can be sure that the balls are drawn in a true and fair manner. Key Points: ✔️ Massive selection of casino games – including lottery-style Keno ✔️ Accepts multiple cryptocurrencies ✔️ Bitcoin keno game allows you to play whenever you want ✔️ Fixed-odds system allows you to set your own stakes ✔️ Instant deposits and withdrawals ✔️ Established since 2014 Visit FortuneJack Now Cloudbet - Most Convenient Online Casino Established in 2013, Cloudbet was founded on the idea of creating an online casino that only accepts bitcoin for all deposits and withdrawals. Despite the fact that it was not the first bitcoin casino to enter the market, it has risen in popularity since its inception. You can play casino, live casino, sports, and eSports games through a desktop and mobile dashboard on the Cloudbet platform. Further, this platform has a high-quality user-friendly website along with legitimate licenses from the concerned authorities. Cloudbet is known for its wide range of sports betting choices. You can put sports bets on soccer, tennis, volleyball contests, NFL, NBA, table tennis, and more if you choose to play with this Bitcoin online casino. While signing up with the platform, Cloudbet does not require its users to produce any additional documents. If your playing habits do not raise any red lights, the casino will ask for no further information and will allow you to request withdrawals right away. Cloudbet offers a bonus to customers who fill their accounts using Bitcoin. However, if you want to use another payment method (fiat or crypto), it offers a welcome bonus of up to 5 BTC/BCH/ETH/PAXG or 1000 USDT/USDC/DAI if you choose another payment method. Given its special features, Cloudbet is the best place for experiencing casino games and sports in case you want to bet with cryptocurrency. Key Points: ✔️ One of the highly recommended online casinos for sports and eSports betting ✔️ Users could get a welcome bonus of 100% up to 5 Bitcoin ✔️ User-friendly platform ✔️ Licensed under the eGambling Montenegro and Curacao ✔️ Margin as low as 2% ✔️ Widely accessible ✔️ No withdrawal limit Visit CloudBet Coinzino - Excellent Lottery Site with a Massive Game Library Coinzino is one of the most popular emerging lottery sites in the space at the moment. There are multiple features and aspects that would attract any crypto casino and lottery enthusiast to consider going for Coinzino as their top option. The platform was launched in 2022 and has seen incredible growth since, thanks to its wide variety of games and attractive bonuses. Coinzino also has an excellent earning program, where players can refer the website to their acquaintances and win money. Apart from this, the lottery site has some of the best games available today hosted by excellent game providers who are popular throughout the casino industry. It is owned and operated by its own parent company which goes by the same name, and has applied for a license from the Costa Rican government authorities. It supports cryptocurrencies like BNB, BTC, USDC, USDT, DOGE and ETH. There are several other means of payments too, that a player can use as alternatives to crypto. Overall, the platform is surely one that players should be on the lookout for. Key Points: ✔️ Applied for a Costa Rican License ✔️ Bitcoin Lightning Supported ✔️ Huge Selection of Slot Games ✔️ Attractive User Interface Visit Coinzino Casino Bspin - Casino with excellent payment system Bspin believes that cryptocurrency is the future of gambling, and that is why its founders aim to embrace that future by delivering a premier Bitcoin casino website to all crypto enthusiasts. On this platform, you can play using the Bitcoin you deposit instead of having it converted to currency until you withdraw. Though it is relatively a newcomer to the online casino world, however, it has a lot in its potential to offer. It excels in critical areas such as game variety, deposit processing, and convenience of use. Moreover, through their educational blog and sample mode choices, it provides players of every expertise level a fair opportunity at mastering the winning methods of numerous games. However, in order to ensure their growth in this industry, Bspin needs to improve in important areas like withdrawal processing and customer service. Key Points: ✔️ Works well on desktops and mobile phones (both Android and iOS systems) ✔️ Competitive wagering requirements for bonuses ✔️ User-friendly interface ✔️ Offers demo mode for all games Visit Bspin Casino Goodman Casino - Most Deposit Methods Supported A relatively new online casino site, Goodman have 1,600+ casino games including Bitcoin lotteries – some of the best casino gaming software providers supply the selection of games at Goodman. Playtech, Microgaming and NetEnt are renowned for their online gambling software products, including lottery games, jackpot Slots and Keno. Windows and Mac on desktop, as well as iOS and Android on mobile are supported. Goodman is fully licensed and regulated in Curaçao. Accepted deposit and withdrawal methods include VISA, Mastercard, Maestro, bank transfer, Skrill, Neteller, BTC, ETH, DOGE, LTC, USDT and more. Goodman is not currently available in the UK but this may change as the site recently launched. Key Points: ✔️ Range of fiat, Bitcoin and altcoins supported ✔️ 24/7/365 support via live chat ✔️ Spinomenal lottery software ✔️ Three instalments of deposit bonuses ✔️ 150 free spins Visit Goodman Casino Now BitSpinCasino - Excellent Crypto Lottery Site with Multiple Payment Options At the moment, BitSpinCasino may be one of the only few crypto lottery sites to have attracted a huge chunk of its players simply due to its appealing and interesting interface and theme. Surely, this is not the only factor that has helped the platform become successful despite being launched recently. The 2022 lottery site is owned and operated by Dama N.V. and has an excellent theme that matches the style of gaming available on the website Each game is curated carefully and is hosted by some of the best game providers in the space. The lottery site holds a Curacao license, which makes it a safer bet for players who are sceptic when it comes to choosing a platform. Currently, the casino features a massive game library and supports languages like English, German, Portuguese, Russian, Spanish, Norwegian, and Japanese. For new users, there are Welcome Bonuses, for players depositing funds into their BitSpin wallet. Apart from offers for new users, existing users get Free Spin Fridays or earn a 50% deposit bonus of up to $300/0.5 BTC on Refuel Tuesdays. It supports crypto like BTC, ETH, BCH, USDT, DOGE, and LTC along with multiple traditional options. Key Points: ✔️ Great selection of casino games ✔️ Accepts credit cards as well as crypto ✔️ Great Bonus Options ✔️ Fast payouts ✔️ Excellent customer service Visit BitSpinCasino BetAdrian - Many Casino Games and a Massive Welcome Bonus BetAdrian stands as one of the most complete online bitcoin casinos available right now. It’s user-friendly, has many betting options, and users are guaranteed a fair and fun punting experience. It’s a welcome very welcoming platform that generously doles out rewards to those who love betting. A case in point is the fact that BetAdrian supports over 300 casino games, and sports and esports betting on top of that. Some examples of what you can bet on are roulette, baccarat, blackjack, slots for casino games, and football, basketball, cricket, and golf for sports. It also supports mancala gaming, which is a portfolio of 20 slot games. One of the best parts of joining BetAdrian is that you receive a 250% deposit bonus and 100 free spins when you deposit with crypto. You can also benefit from reload bonuses, which regular betters have access to. The maximum reward is $1000 with the bonuses varying from 10 to 50%. Payouts are carried out very quickly. BetAdrian supports BTC, LTC, and ETH for cryptocurrency payments, but it also supports credit cards. If you want that sweet welcome bonus though, you’ll need to deposit in bitcoin! The platform has a minimum deposit is $25, a rollover of 50x, a maximum cashout is $2,000, and a max bonus of $2,000. By sending a request to email@example.com, you can also reload 20 free spins. If BetAdrian seems like you’re kind of platform, you can join using the promo code “IB250”. This will net you an offer on your first deposit on BetAdrian through InsideBitcoins. Key Points: ✔️ Great selection of casino games, sports, and esports ✔️ Accepts credit cards as well as crypto ✔️ Allows payments in BTC, LTC, and ETH ✔️ Fast payouts ✔️ Excellent customer service ✔️ 250% deposit bonus available Visit BetAdrian Now Blizz Casino - Highly Secure Crypto Lottery Site Another top-rated crypto-based casino with a long list of features is Blizz Casino. Founded in 2022, it is one of the best and most reputed crypto lottery platforms for gambling enthusiasts. With all the right gambling features, a long list of games from some of the major game publishers, and a user-friendly interface Blizz Casino stands out from most of its competitors; which is evident considering the consistent rise in the number of players on the lottery site. The platform is licensed in Curacao, and has provably fair games available on the platform, and supports a long list of cryptocurrencies including Bitcoin, Dogecoin, Litecoin, Tether, and Ethereum amongst others. It is completely legit and almost every component of this casino has been audited and verified to be safe by trusted entities. To further enhance the security of its users, it uses top-tier SSL certificates and the data is encrypted by using an RSA 2,048-bit key and an R3 security certificate. These factors make it 100% reliable and secure for users. Key Points: ✔️ Simple and easy-to-use interface ✔️ Long list of welcome bonuses along with a 10% cashback offer. ✔️ The Blizz Casino VIP Club is an extended loyalty program that offers VIP gifts, events, challenges, and contests Visit Blizz Casino Now Metaspins - Crypto casino offering up to 60% rakeback bonus Metaspins is a Web 3-centric casino that offers 2500 casino games that include lotteries, slots, table games, provably affair games, and more. The crypto casino also offers a wide array of promotions. Those who sign up for the first time get a special bonus as well. It is the 100% matched deposit bonus of up to 1 Bitcoin. Regular players get the rakeback bonus of up to 60% – the latter is great for players that are risk-averse. Regular players also get to enjoy other perks, such as the Pragmatic slots campaign that happen seasonally. These bonuses apply to nearly all table games, as well as live casino games. Metaspins is among the leading casino sites in the world that offer hosts of seasonal lotteries when the time arrives. They can range from a $10k prize pool to seasonal lottery slots that you can gain access to if you play long enough. You will get access to the higher-tier rewards as you level up. Explore more of what this platform has to offer in our Metaspins review. Key Points: ✔️ No minimum deposit required to play ✔️ 60% Rakeback bonus for all players ✔️ Choose between 2500 games available ✔️ 100% deposit bonus available Visit Metaspins Now Bitslot - Multiple games and Great slots Tournament Bitslot is fit for those looking for the best Bitcoin slot platform. Slot tournaments are common on here, and the rewards that come with them are many. There are daily and weekly prize pools with multiple prizes. The highest prizes are the part of Drops and Wins, where the monthly prize pool goes up to £1 million. Bitslot is known for hosting a wide array of slot games, including Across the Universe, Aloha Tiki bar, Amaterasu, and more. Players who are more into authentic plays can go with live casino options. There are also table games and jackpot games available. Playing these games becomes worthwhile with the welcome bonus that goes up to 5 BTC. It is divided across four deposits and also comes with 200 free spins. Regular players who have leveled up enough also get access to a 25% daily cashback. Learn more about Bitslot’s offerings in our detailed review. Key Points: ✔️ Up to 5 BTC welcome bonus – divided across four deposits ✔️ 200 free spins along with the bonus ✔️ Tournaments available ✔️ Regular players can enjoy 20% daily cashback Visit Bitslot Now mBit - Over 2k casino games with free spins and many prizes mBit is a promotional offer-heavy crypto casino with multiple games. Promotions come in the form of a matched deposit bonus that goes up to 4 BTC that’s divided across four deposits. The first matched deposit goes up to 1 BTC, 75% of the initial deposit. The deposit bonuses progress to 100% up to 1.5 BTC and 125% up to 1.5 BTC in the second and third deposits. Deposit bonuses also come with progressive free spins that range from 75 and 150 free spins. mBit hosts a wide array of games, including slots, dice, video poker, roulette, and table games. If you want to check out better slots, we recommend the bonus buy section. Key Points: ✔️ Up to 4 BTC bonus ✔️ Up to 150 free spins ✔️ Wide range of promotions for regular players ✔️ Withdrawals and deposits are fast Visit mBit Now Punt Casino - Crypto casino offering a wide array of games Crypto lottery platforms aren’t limited to crypto at this fiat-accepting crypto Casino. Punt casino offers up to 150% matched deposit bonus and 15 free spins to everyone. That said, this bonus is only valid for a single game – Gods and Titans – and comes with a 10x wagering requirement. But welcome deposit bonuses change on this platform, which means better bonuses may arrive once the market comes out of the winter season. Punt casino hosts a wide variety of games, including slots like Hamlete and provably fair games like Aviator. The casino’s selection of table games and live dealer games is also wide. To start enjoying these games, one needs to make a deposit of at least $30 USD (or crypto equivalent). Key Points: ✔️ Low wagering requirements ✔️ Free spins are available on only one game ✔️ Has a reputation for bringing new welcome bonuses based on seasons Visit Punt Casino Now Wild.io - Welcome Package of Up to 10 BTC Another promotion and rewards-heavy bitcoin casino on our list are Wild.io. This crypto casino offers up to a 10 BTC welcome package, which it achieves by offering a 520% matched deposit bonus. In addition to the welcome bonus, the platform also holds tournaments with over $100k in monthly prizes. Those who join up and are engaged in long plays get to level up, where they enjoy a reloading bonus of up to 35% and a cashback bonus of up to 7.5%. Over 3000 games are available on this crypto casino. The list includes roulette, poker, slots, table games, and more. Free spins are also regularly rewarded to users competing in tournaments. Wild.io supports multiple cryptocurrencies, including Bitcoin, Litecoin, Ethereum, XRP, and more. Key Points: ✔️ Up to 10 BTC welcome bonus ✔️ 3000 games available ✔️ 7.5% cashback bonus and 35% reload bonus for regular players Visit Wild.io Now Lunabets - Welcome Offer Up to 55% Another crypto lottery site which rose to popularity in less than a year is Lunabets. Claiming to be the world’s first-ever decentralized Defi betting platform, the website has already amassed a huge user base, thanks to its wide variety of casino games, dedicated sportsbook and other attractive features. Each on-chain bet placed on the platform is easily verifiable. Not only does the site boast the highest-ever rakeback of the house edge, but also features instant payouts, which is an impressive feature for a newly released crypto lottery site. Players have the choice to sign up on the casino using their mail ID or by simply connecting their defi wallet. Moreover, it provides players with the opportunity to own a share of the house profits, by investing directly in the house pools using smart contracts. It has a very appealing interface, with an innovative and unique bonus option. Players get to earn up to 55% rakeback or mining rate, by simply playing more on the website. The percentage of rakeback that can be enjoyed by a player depends on the amount they wager on Lunabets. There are 6 tiers in total, of which 4 tiers have 5 sublevels each; the first one being Cadet, and the last one being Elon Musk. This is something that a majority of players have evidently been enjoying on the platform too, fueling the growth of Lunabets as a whole. For payments, the lottery site supports BTC, ETH, USDC and some other traditional options like Google Pay, Apple Pay and VISA. Key Points: ✔️ Completely Decentralized Platform ✔️ Provably Fair Games Available ✔️ Players can own tokens to enter daily raffles and tournaments Visit Lunabets Now 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 along the lines of Mega Millions. Although there is now a range of variations to the game, Crypto lottery games essentially require you to purchase a ticket, which then comes with a set of numbers. Once the game starts, a certain amount of numbers will be randomly drawn. The overarching aim is to then 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 of which is paid in Bitcoin. Let’s take a look at a quick example to make sure we fully understand the general process. You buy a Bitcoin lottery ticket, which costs the BTC-equivalent of $2. Your ticket consists of 6 numbers, ranging from 1-49 The game starts, and randomly draws 6 numbers – ranging from 1-49 You match all 6 numbers, meaning that you win the bitcoin jackpot! In the above example, you’ll see that by matching all of the numbers on your ticket, you won the jackpot prize. The amount offered is typically a percentage of the total ‘pool’. The pool is made up by the number of tickets that were sold. For example, let’s say that $1 million worth of tickets were sold in your respective game. Taking into account 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? Pros and cons of Crypto lotteries The Pros Chance to win big prizes Low stakes required to enter No experience needed Can be played by anyone, anywhere Heaps of Bitcoin lottery providers Play from home or via your mobile phone Fully transparent Guaranteed to be true and fair The Cons Providers are typically unregulated You could lose money What types of Crypto lottery games are there? It is important to note that the term ‘Crypto lottery’ is quite a broad one. By this, we mean that there are different variations to the game. Irrespective of what version you go with, both 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. In a nutshell, this particular branch of the Bitcoin lotteries space draws its numbers from real-world lottery games. This includes the hugely popular EuroMillions, US PowerBall and Mega Millions, and even the Irish Lotto. As such, there is no technology required, as the numbers you will be attempting to match are the same numbers drawn in the respective national game. On the one hand, some players prefer this, as there is no input required from the platform in question. Players know that the offline lottery space operates in a heavily regulated environment, which in itself acts 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 rather opt for a ball-drawing process that allows them to verify the authenticity of the game. Pros and cons of using balls from national lottery games The Pros National lottery games are heavily regulated No dispute as to how the numbers were drawn Easy to verify the winning numbers Games operate at least once per week Prizes are usually large The Cons Unable to independently verify the authenticity of the drawn balls Prizes could be bigger by buying a ticket in the real-world 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 of you unaware, Provably Fair was fist created by the founder of SatoshiDice – a Bitcoin dice game created in 2013. The underlying technology is backed by cryptography, meaning that regardless of what gambling game you are playing, you can be 100% certain that the outcome was generated fairly. Not only this, but it is also possible to independently verify how the Provably Fair mechanism generated its outcome – as all of the data is available in the public domain. In the case of Bitcoin lotteries, Provably Fair is absolutely ideal. Here’s how it typically works: You buy a ticket for a Provably Fair Bitcoin lottery game Your ticket and its corresponding numbers are registered – which cannot be amended or altered When it comes to drawing the balls, the Provably Fair mechanism will create a seed The underlying platform will then take a second random seed – only this time from entrants of the game Once both seeds have been hashed, Provably Fair will then generate the balls If you matched a certain number of balls and subsequently won 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 at any given time. This includes the exact amount of tickets that were sold, how much was paid, which addresses held a winning ticket, and most importantly – how the winning balls were randomly selected. Note: It is important to note that just because a Bitcoin lottery platform claims to utilize Provably Fair, this doesn’t necessarily mean that it does. This should once again be a reminder that you should always do your homework prior to joining a new lottery site Pros and cons of Provably Fair Bitcoin lotteries The Pros 100% guaranteed for fairness Completely transparent Verify how the balls were drawn at any given time Check how many tickets were sold for each game No limit to the size of the bitcoin jackpot The Cons You still need to understand how Provably Fair works to check the authenticity of the game 3. Balls are drawn via regulated third-party software providers The third option that you have at your disposal is to use a Bitcoin lottery website that utilizes a third-party software provider to draw its balls. Firstly, this particular type of Bitcoin lottery game is different from the previous two that we have discussed thus far, not least because they are closer to ‘Keno’ than a traditional lottery game. Keno is very 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, as opposed to 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 you matched 3 numbers, then you would win $25 ($5 ticket multiplied by 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 important aspect that sets this particular Bitcoin lottery game apart is the process used to draw the balls. In the vast majority of cases, 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. Pros and cons of Bitcoin lotteries backed by regulated software The Pros Software providers are regulated Lottery data is audited by gaming regulators Games must be independently tested for fairness before being launched Play games whenever you want as prizes are fixed-odds Choose your own stakes Play at your own speed The Cons BTC jackpot prizes are much smaller than conventional Bitcoin lottery games No way to check the authenticity of the software yourself What are the odds of a Bitcoin jackpot? Before you begin playing a Bitcoin lottery game, it is well worth making some considerations regarding your chances of winning. First and foremost, your specific odds will depend on a number of 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, in order to give you an idea of the underlying odds, we have taken the industry average – which is 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 heavily stacked against you once you get past the 3 number requirement. As such, it is crucial to assess how much each corresponding win is going to pay. 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. In fact, you’ll likely receive a lot less. While this isn’t ideal, people still play Bitcoin lottery in their drones because of the huge bitcoin jackpots that are offered for matching all 6 numbers. How to play Bitcoin lottery online So now that you know the ins and outs of how Bitcoin lotteries work, we are now going to show you how you can get started. Follow our simple step-by-step guide below to find out how to register and deposit funds at a Bitcoin lottery platform! Step 1: Choose a trustworthy Bitcoin lotto site Your first port of call is going to be to choose a platform that hosts a Bitcoin lottery game. In some cases, these will be dedicated platforms that specialize 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 also need to assess what type of Bitcoin lottery game that 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 are backed by regulated software providers. If you’re still unsure which platform to go with, we would suggest scrolling to the top of our guide and reviewing the Top 5 Bitcoin Lottery Sites that we have recommended. Step 2: Open your account Once you have chosen your preferred Bitcoin lottery platform, you will now need to go and 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 on 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 opened your account and added a layer of security, you now need to deposit some funds so that you can enter a Bitcoin lottery game. At the top right-hand side of the screen, click on the ‘MY FINANCES’ button. As you are depositing funds via Bitcoin, click on 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 make sure you keep it safe. Copy the address to your clipboard, and then head over 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 As soon as your account has been funded, you can then proceed to start buying some Bitcoin lottery tickets. As you will see from the image below, the cost of one lottery ticket is 0.0001 BTC. At the time of writing, this amounts to just over $0.78 per ticket. Next, you then need to decide how many tickets you want to purchase for that particular game. Once you enter the number of tickets in, the total cost box will automatically update. 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 automatically generate them for you. Step 5: Withdraw your winnings If you are fortunate enough to win a game of Bitcoin lottery, you will then need to withdraw your winnings back out. Don’t forget, in the vast majority of cases you will need to withdraw your funds back out as Bitcoin. As such, head back into the ‘MY FINANCES’ section of your account, and then enter the amount that you want to cash-out. Next, you need to enter your external Bitcoin wallet address. For ease, this can be the same address that you used to deposit the funds. As soon as 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 having your identity verified after you’ve created 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 of the relevant documents, your account will be validated within minutes. Step 3: Deposit money into your account It’s now time to fund your eToro account and buy your favorite bitcoins. You can fund your account with eToro using a number of 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 in and then click “Open Trade.” Visit eToro and open account 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 any other 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 method of transaction. Therefore, it could be said that bitcoin gambling is lawful in general as it is not classified as a specific prohibited activity. Since state laws differ from one another, you have to examine two things: if online betting is prohibited in your area, and whether bitcoin is prohibited as a payment option in your state. The current status for overseas betting is that all states can gamble on approved sites in other countries. For ensuring your safety, all online bitcoin casinos that we review at InsideBitcoins abide by the law and use independently certified RNGs that are provably fair. You may discover that a certain Bitcoin casino is not available in your jurisdiction – for example, Bovada is not available in Delaware, Maryland, or a few other places – but the site will automatically restrict users from registering, preventing any 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 mode of currency provides the maximum level of security to its users. With that being said, whenever you signup for any online casinos, make sure to check whether you are required to provide any personal information or not. This would ensure your privacy and anonymity is ensured in online gambling. Though regulated or licensed casinos ensure your data privacy and safety, however, it is your responsibility to protect your data. Therefore, always play on those casinos that are regulated or licensed by some global regulatory bodies to make sure your sensitive information is not dealt with in any unauthorized manner. For instance, most of the casinos that we review on InsideBitcoins are regulated by the bodies like the Curaçao Gaming Control Board (GCB). To find out whether any online bitcoin casino is regulated or not, have a look at its “About us” page. This webpage generally includes the casino’s license number or any other piece of information related to its certification or license. Rocketpot, for example, has provided all this relevant information on their FAQ page. You must also check the site’s security information or terms and conditions to ensure that SSL encryption is being used to protect your personal information in accordance with the highest security requirements. SSL (Secure Sockets Layer) is an encryption-based internet security technology that was 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 the past customers feel about the casino’s safety standards and would ensure your data confidentiality and privacy. We would recommend you to refer to TrustDice as it not only has a good ranking but also 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 consonance 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 involved in carrying and exchanging bitcoins. From the above understanding, it is clear that bitcoin casinos are those casinos where you can play casino games through the use of cryptocurrencies. Here, players utilize bitcoins to pay for their games on the websites. Bitcoin casinos are considered to be the safest type of gambling as it gives the players complete control and privacy. These online casinos follow the same laws and regulations as a traditional casino, with the exception 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, it’s difficult to keep any information hidden. Unlike traditional casinos, bitcoin casinos employ a simple online gambling platform, and gamers may easily notice any red flag if there are some unexpected changes. Gamblers can use Bitcoin to enter online casinos safely while still enjoying all of the benefits in these casinos. However, traditional online casinos do not permit such behavior, as the majority of them 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 bitcoin users have quick access to their funds from anywhere across the globe. One promising new crypto lottery project is Lucky Block, which based on early investor interest could be the best crypto lottery of 2023. It’s token LBLOCK has already increased 65x from its presale price during its first bull run. While that has now 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. Lucky Block Casino - Decentralized Gambling Platform Rating Bet With Crypto - BTC, ETH, USDT, LBLOCK and More Live Dealers - luckyblock.com Rated Best New Crypto Casino - No KYC Thousands of Slots, Blackjack, Roulette Games Bet Now VPN Required in US, UK FAQs Is Crypto lotto fair? As long as you are using a platform that utilizes Provably Fair, then you can be 100% certain that each lottery outcome is true and fair. The Provably Fair protocol is backed fully by the art of cryptography, meaning that the outcome cannot be manipulated or pre-defined by the platform. What if my Bitcoin lotto platform doesn't use Provably Fair? If the Crypto lottery platform doesn't use Provably Fair, this isn't necessarily an issue. Some Crypto lottery websites will instead get their winning numbers from real-world lottery games like the EuroMillions or MegaMillions. Other platforms such as FortuneJack utilize third-party software developers who are regulated in the real-world, so this is also an option for you. How much can I win when playing Crypto lottery games? This all depends on the prize pool for the specific game you are playing. In most cases, all ticket sales will be pooled together, and then distributed to the winning players. A higher percentage of the pool is given to players that land the biggest wins, such as matching 5 or 6 numbers. What is the minimum deposit amount at a Crypto lottery site? As is typically the case across the entire Bitcoin casino spectrum, there are usually no minimum deposit amounts to worry about. Fiat casinos usually stipulate a minimum deposit because they get charged by financial institutions when facilitating debit or credit card payments. However, as you are depositing funds externally from your Bitcoin wallet, you can deposit as much or little as you like. How do I receive my winnings from a Bitcoin lotto website? Much in the same way as any other Bitcoin casino game, your winnings will be transferred directly into your private Bitcoin wallet. You will need to execute a withdrawal request from within your Bitcoin lotto account, and in most cases, the platform will then release the funds automatically. This means that you should receive your winnings within about 10 minutes of making the request. What is Bitcoin Keno? Bitcoin Keno is a type of lottery game that uses a fixed-odds system instead of pooling player tickets together. In fact, as you are playing against the underlying software algorithm, it's essentially you against the casino. The amount that you can win depends on the number of balls that you match, and the amount that you decide to stake on each game. Ultimately, Bitcoin Keno appeals to those that want to control their own stakes, and play at their own pace.