Crypto Lottery – Best Crypto Lottery Sites

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.

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 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.

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 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?

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.

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:

1. You buy a ticket for a Provably Fair Bitcoin lottery game
2. Your ticket and its corresponding numbers are registered – which 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 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.

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.

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.

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