Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. 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. 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 worldwide games and NFT competitions platforms on the Binance Smart chain. Using blockchain protocols, they aim 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 a reward. The LBLOCK token launched on Jan 26th, 2022, and investor interest was high – it made 65x gains from $0.00015 to $0.0097 in the year’s first quarter. The price has corrected since and may now be undervalued. Since then, Lucky Block has focused more 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 had 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 far lower than 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 on their website and meet the team in Discord. Later phases of the project will include funding metaverse projects. Key Points: ✔️ Partnered with a 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 the token had a 65x bull run within two months Visit LuckyBlock Now Mega Dice - Popular Crypto Casino for Trying out Your Luck Mega Dice stands out among the plethora of cryptocurrency casinos available today, earning its reputation as a top choice due to its sleek user interface and enticing features. This online casino has quickly gained popularity among individuals seeking out crypto lottery platforms in hopes of reaping rewarding outcomes. MIBS B.V., the operator of Mega Dice, ensures complete regulation as it holds a license from the reputable Curacao gaming commission. The supported cryptocurrency options include popular choices such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Cardano (ADA), Ripple (XRP), Dogecoin (DOGE), Bitcoin Cash (BCH), and TRON (TRX). Players can also purchase BTC directly from the website using credit cards. Although Mega Dice offers a diverse range of game categories, it’s worth noting that the number of available titles might be slightly fewer compared to some of its competitors. Nevertheless, it is highly probable that the casino will continue expanding its selection. Despite this, Mega Dice remains a fantastic destination for those looking to test their luck and potentially secure substantial rewards. The platform’s lack of Know Your Customer (KYC) requirements demonstrates its commitment to prioritizing player anonymity. Mega Dice currently entices users with an exciting promotional offer, featuring a 200% bonus of up to 1 BTC and 50 free spins. This promotional package strongly incentivizes users looking to maximize their betting potential. With its appealing promotions, varied features, extensive game selection, and rewarding loyalty schemes, the platform offers an excellent environment for users to indulge in an attractive and satisfying betting experience. Want to experience the crypto lottery even more friction-free on Mega Dice? Check out Mega Dice’s Telegram bot. This simple approach makes the checking out lottery games easier. With the need of KYC removed, this bot lets you play all the games you like via Telegram. Key Points: ✔️ Contains several categories of games and gambling options ✔️ High-quality sportsbook ✔️ Attractive welcome bonus ✔️ Clutter-free interface ✔️ VPN friendly ✔️ Wager on games using Telegram Visit Mega Dice 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 with a thrilling online betting experience. It allows its customers to 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 in a chat group and send USDT tips from the BC.Game webpage. There’s also a sizable player forum and 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 for this reputed casino is that the platform has hardly received any customer complaints regarding their gaming experience, apart from accepting various 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, there are different requirements for different sorts of games. Overall, this platform has many outstanding features that could easily catch the attention of many players and gamblers in very little time. BC.Game’s lottery has prize payouts of $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 leading players in the Bitcoin casino and sportsbook space. Launched in 2014, the platform lists thousands of games covering 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 instead of 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 undergo a highly stringent regulatory process before launching their games online. 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 creating an online casino that only accepts Bitcoin for all deposits and withdrawals. Although 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 and 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 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 unique 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 Bspin - Casino with excellent payment system Bspin believes that cryptocurrency is the future of gambling. 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 a newcomer to the online casino world, it has much potential. It excels in critical areas such as game variety, deposit processing, and convenience. Moreover, through its educational blog and sample mode choices, it provides players of every expertise level a fair opportunity to master the winning methods of numerous games. However, to ensure its growth in this industry, Bspin must 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 has 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 and 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 installments 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 few crypto lottery sites to have attracted a massive chunk of its players simply due to its appealing and engaging interface and theme. Indeed, 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 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. 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You can also benefit from reload bonuses, which regular betters can access. The maximum reward is $1000, with 10% to 50% bonuses. 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, deposit it in Bitcoin! The platform has a minimum deposit of $25, a rollover of 50x, a maximum cashout of $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 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 also get a special bonus. 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 excellent for risk-averse players. 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 and 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 you can access 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 is required to play ✔️ 60% Rakeback bonus for all players ✔️ Choose between 2500 games available ✔️ 100% deposit bonus available Visit Metaspins 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 divided across four deposits. The first matched deposit totals 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 many games, including slots, dice, video poker, roulette, and table games. We recommend the bonus buy section to check out better slots. 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 everyone a 150% matched deposit bonus and 15 free spins. This bonus is valid only 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 games, including slots like Hamlete and provably fair games like Aviator. The casino’s table games and live dealer games are also vast. One must deposit at least $30 USD (or crypto equivalent) to enjoy these games. 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 is 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 holds tournaments with over $100k monthly prizes. Those who join up and are engaged in extended 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 K8 - Welcome Offer Up to $2000 K8 is a crypto casino that prides itself on providing multiple slot games, table games, live casino games, and in-house provably fair games. The slot collection of K8 is enormous, with games like Kings of Olympus, Crazy Time, and many others present. New slots are released daily, and most of them come with a double rakeback bonus. The platform’s live casino games consist of blackjack, baccarat, roulette, and game show tables. These games are organized to give you the perfect casino experience while ensuring you rake in huge gains. Regarding welcome bonuses, K8 has a standard welcome bonus, which is a 100% matched deposit bonus of up to $200. Other promotions, such as K8 lucky wheel lotteries, cashback bonuses, and daily wins, are available on this platform. K8’s lottery section is rinsed with new offerings daily – so keep an out for them when you have the time. Key Points: ✔️ Great selection of promotions ✔️ Offers in-house provably fair games ✔️ Offers Lucky Wheel lottery with up to 1 BTC win. Visit K8 casino Now StarBets - Leading Crypto Betting Site Multiple In house games Those looking for a large selection of in-house games should consider visiting StarBets. This leading crypto betting site is bursting with game and bonus offerings. The games on this platform consist of the standard slot games, whose number keeps increasing weekly. These have great RTP and are provided by the leading names in the industry. The live casino and table game selection is equally wide, with games like Texas Hold’em and others stepping up to give you an authentic gaming experience. The provably game selection on this platform consists of significant games like Keno, Dice, Mines, Coin Flip, and Limbo. Regarding the crypto lottery, StarBets highlights what’s the best in the season. They change rapidly with the game and the gameplay provider. For instance, multiple betting competitions are happening with BNB and USDT prizes. There are also weekly races on slots with up to €160k reward. Key Points: ✔️ Multiple lottery options ✔️ Great selection of in-house games ✔️ Up to 100% deposit bonus Visit StarBets Now Celsius - Crypto Casino Focusing on Live Games While the selection of slot games provided by Celsius casino is large, it has put a lot of focus on live casino games. However, most of the top games are still slots, thanks to amazing lotteries that are organized weekly. The slot game selection of this platform consists of everything from the Book of Series to the Legends of series. Many new modern slots have also been added to the mix. The most significant aspect distinguishing Celsius Casino is the PVP mode – where friends can go against each other in live gaming sessions. Many lotteries are concentrated on these games – allowing players to truly have an interactable experience. Celsius casino offers a 200% matched deposit bonus of up to €200 with a 45x wagering requirement. Key Points: ✔️ offers multiple tournaments ✔️ Focusses on live games ✔️ Up to 200% deposit bonus Visit Celsius Casino Now Mirax Casino — One of the most reputable new crypto casinos Mirax Casino is a young platform that quickly rose through the ranks thanks to its excellent features and a rich library of casino games. The platform was only launched in 2022, but it already has thousands of games thanks to partnerships with over 100 game developers. Of course, the platform is fully registered and licensed in Curacao, which makes it available in all the countries where the Curacao license is accepted. Mirax is very easy to use, as it is highly intuitive and developed to make it easy for newcomers to quickly and easily find their way around. It supports multiple fiat payment methods, including Visa, Mastercard, Skrill, Maestro, EcoPayz, and Interac. However, you can also deposit 10 different cryptocurrencies directly. The minimum deposit is only $10 or equivalent in crypto. Deposits are instant, and withdrawals are fast, as well. If you use cryptocurrencies, there is no upper limit to how much you can deposit, while for fiat methods, the upper limit is $4,000. The platform has a wealthy welcome bonus that covers your first four deposits. Apart from that, multiple promotions present you with great opportunities every week. If you have any questions regarding the platform, it has a very rich FAQ section and customer support available around the clock. As mentioned, the platform has plenty of live games, but that does not include eSports or sportsbooks. Key Points: ✔️ Accepts multiple cryptocurrencies ✔️ Thousands of casino games ✔️ Fast payouts ✔️ Licensed and registered ✔️ Multiple deposits and promotions Visit Mirax Casino 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 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. 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 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? Pros and cons of Crypto lotteries The Pros Chance to win big prizes Low stakes are required to enter No experience needed It 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 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. 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 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: You buy a ticket for a Provably Fair Bitcoin lottery game Your ticket and its corresponding numbers are registered – and 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 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. 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 before 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 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. Pros and cons of Bitcoin lotteries backed by regulated software The Pros Software providers are regulated Gaming regulators audit lottery data 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 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. 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.