Amatic Slot Brings 19.2 BTC Win to Russia at BitStarz Casino

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Less than a month has passed after New Year’s eve and BitStarz Casino is already adding another memorable win to its hall of fame. After a pretty successful and publicized year of big wins, the casino is showcasing yet another lucky player this week who hit a Jackpot of over 12 Bitcoins in a game that most players have probably forgotten it existed – Amatic’s Book of Fortune.  Get the scoop on the win and fresh details on the latest promo offers at BitStarz below.

Russian Player Hits it Big

Bitcoin casinos have long been a safe haven for Russian players who have to deal with gambling restrictions in their country.  Well, not only did BitStarz helped one lucky player enjoy some Bitcoin slot fun on the platform but they also helped the unidentified punter win 12.9 BTC, or $279,000 in USD at the time of winning.

The Book of Fortune might not be the most visually appealing of games but it certainly proved that looks can be deceiving. Featuring outdated animations and sound samples as well as an old-school mechanism that asks you to “collect” each win you make, Book of Fortune is one of those games that take you back to the early days of virtual slot machines. However, despite its retro feel, it comes with an interesting set of modern extras, including Expanding Wilds, Scatters, and a Free Spins round that can be re-triggered.

Being a highly volatile slot, the game challenged a lucky Russian player who managed to work the slot in a way that “few have done before”, according to the casino. Likely triggering multiple bonus features and a confirmed 1,000x multiplier, the fortunate player was able to scoop the impressive jackpot, ensuring a great start to the new year.

Marketing manager of the casino, Srdjan Kapor, commented on the win by saying that they are proud to be hosting the best of Amatic games, the Book of Fortune “certainly being one of the biggest” the casino offers.  Back in October, it was another Amatic slot game – the Diamond Cats – that brought a BitStarz player a similarly impressive jackpot of 10 BTC.

Join the Wars for Wager-Free Prizes!

If you want to try your luck on Amatic’s slots, you’ll be happy to hear that the casino also offers other ways to get rewarded for enjoying slots, in case you don’t hit any jackpots on your own. Namely, each week the casino offers the Slot Wars tournament where punters get a chance to compete against each other by playing various games and win a share of a prize pool with €1,000 in cash prizes and 250 Free Spins. To compete in the races, all you have to do is play between Saturday and Sunday and watch your progress on the official tournament leaderboard.

And even if you feel like switching things up and playing Baccarat, Blackjack, or Poker instead, the casino will still give you a shot at winning some tournament prizes with its weekly Table Wars tournament where the first prize is €500 in cash in BTC equivalent. And the best of all is that all tournament prizes offer wager-free rewards, including the slot competitions.

If you like to check out the tournaments or try Amatic’s lucky slot game, you can use this link to check out BitStarz Casino.

January 19, 2018: • No Comments

Russia to Legalize Trading on Bitcoin Exchanges

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It seems that Bitcoin casino players in Russia might see some relief coming in their homeland as the Russian government reveals new plans to authorize cryptocurrency buying and selling in the Federation. Should the newly reported proposals be realized by the authorities, Bitcoin users in the Federation will be allowed to trade freely, although not without any limits.

New Draft Bill Revealed

According to Newsweek, the Ministry of Finance of the Russian Federation has prepared a new draft bill that will authorize trading cryptocurrencies on “official exchanges”.  The news were shared after Russia’s Deputy Finance Minister, Alexei Moiseev, informed reporters last Tuesday that the Ministry of  Finance is supporting the legalization of cryptocurrency trading on organized trading platforms and exchanges in the country.

According to Moiseev, the Ministry is hoping to standardize the buying and selling of cryptocurrencies  and set limits to the trades but not govern the trading or prohibit it, the idea being that users will be obliged to buy and sell only on official exchanges. The Ministry will be submitting the drafted bill for a vote in February at the Federal Assembly where it will have to be approved first.

Confirming the words of Moiseev were Bank of Russia representatives who informed the RNS (Rambler News Service) that the Bank and the Ministry have had talks on the possible legalization of cryptocurrency trading in organized platforms. According to the Bank of Russia, the new bill is expected to open the door to more investments in the country as well as liberalize trading.

Shifting Perspectives

When it comes to cryptocurrencies, the Russian government has had conflicting opinions on the matter. Only a couple of months ago, Russia’s head of the Ministry of Communications, Nikolay Nikiforov, said that the Federation would “never” make Bitcoin legal. There were also reports of banning Bitcoin exchanges as well as ideas to restrict “ordinary people” from trading cryptocurrencies.  The deputy of the Bank of Russia Sergey Shvetsov even went as far as to call Bitcoin a pyramid scheme.

However, now even President Putin has openly expressed the need for regulation while speaking to the Russian news agency TASS. As reported by the Evening Standard, Putin told the media house that cryptocurrencies are “not secure” and that a new legislation will “be definitely required in future”. According to Putin, the government is seeking efficient regulation so that it will not be directly responsible for any problems “people can get into” by trading cryptocurrencies.

President Putin also expressed concerns that cryptocurrencies are “not backed by anything” and therefore cannot be used to store value. With that in mind, the government is planning to regulate the sector by outlining what can and cannot be done, with further guidelines possible if there are still problems to be resolved after the legalization.

If Russia’s legislation proves to be effective, other important markets like South Korea, whose authorities recently revealed to be still open to the idea of banning trading, might also follow suit to regulate the trading process more efficiently.

January 17, 2018: • No Comments

Win Yourself up to 8 mBTC by Playing the Pied Piper Slot at Bitcasino

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If you’re planning to have some casual slot fun during the weekend, you might want to check out the new Pied Piper slot promo at Bitcasino. To promote the latest Quickspin slot added to the casino’s portfolio, Bitcasino is running a prize raffle with over 160 mBTC in main prizes and 500 Free Spins in consolation prizes open to all who make a single win at this new game. For more details on the promo, just keep reading.

30 Prizes Up for Grabs

Pied Piper is a new, seamlessly designed slot from Quickspin that was released this January and is based on the German Pied Piper legend from the town of Hamlin. The slot features re-spin rounds with two “walking” Wild symbols, Free Spins bonuses, and a Mystery Re-trigger feature that gives you extra chances to make a big win on the reels.

The slot’s promotion will run until January 14th at the casino. But time is no factor in the competition, as all you have to do is win anything in the game to become eligible for a prize. Whoever gets the highest win in a single spin will get to claim the main prize while subsequent prizes will be awarded to the remaining top winners. The main prizes are distributed as follows:

  • 1st place wins 85 mBTC
  • 2nd place wins 35 mBTC
  • Places 3-5 win 8 mBTC
  • Places 6-10 win 3.5 mBTC

Apart from these prizes, the casino will also be handing out prizes of 25 Free Spins to 20 randomly chosen lucky players who take part in the competition. The Free Spins are awarded on Rapunzel’s Tower, which is yet another Quickspin slot inspired by German fairy tales.

But before you sit down and take the game for a spin, keep in mind that only base game wins will count towards the competition and not wins made during any bonus rounds. For more about the rules, you can check out the information on Bitcasino’s Promotions page.

2 BTC in Bonuses Available

If you’ve never played at Bitcasino before and are interested in bonuses instead of slot competitions, the casino also has a solid welcome bonus package that you can get during your first two deposits. The first bonus you can claim is a 100% match bonus with a maximum limit of 1 BTC. The second bonus is also a 1 BTC bonus but with a 50% match value instead.  To earn either bonus reward, all you have to do is to make a deposit of at least 1 mBTC at the casino.

The bonuses can be spent on a wide range of slot games provided by the industry’s leading designers like BetSoft, Pragmatic Play, NetEnt, Quickspin, Endorphina, Play N’GO, and more. Apart from slots, Bitcasino also offers a diverse table game selection where you can find virtual Poker, Blackjack, Roulette, and Baccarat tables as well as a Live Bitcoin Casino with games from Ezugi, Asia Gaming, Evolution Gaming, and BetGames.tv. If you want to find out something more about the games, bonuses, or the Pied Piper promotion, just click this link to visit Bitcasino.

January 12, 2018: • No Comments

Cryptocurrency Betting in US on the Rise

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One of the most obvious benefits Bitcoin provided to its users worldwide was the ability to privately fund online activities and bypass any online restrictions and monitoring. While this benefit was abused to some extent in the beginning, it has also opened up the door for a new large-scale market to emerge – Bitcoin gambling.

One of the latest reports that show the growth of this market was posted by Bloomberg BNA on Tuesday and it showcases a 40% growth in cryptocurrency betting in one of the biggest online crypto-betting sites.

Cryptocurrencies – a Safe Bet for Operators

Bitcoin, along with other cryptocurrencies (more recently), have provided a safe way to gamble or bet online for players in markets like the US or Russia where online gambling was heavily restricted by local authorities. The growing use of cryptocurrencies for betting over the years has expectedly driven many leading bookmakers and casinos to adopt the new payment method, some even to set up a business that is solely funded by digital currencies.

In one of their latest reports, Bloomberg BNA spoke to John Milton, a marketing manager of online sportsbook Bookmaker.eu which had implemented cryptocurrencies in 2015. The site, which mostly attracts US bettors (80.01%) and bettors from Canada (9.30%), has noted a significant increase in cryptocurrency betting over the past three years.

According to Milton, the adoption of cryptocurrencies was “swift” throughout 2015-2017 for the bookmaker. In 2015, only 10% of users on the platform chose to make a deposit in cryptocurrencies and only 8% of total users withdrew with the same method.  For comparison, by the end of last year a total of 42% had made a deposit using cryptocurrencies on the site and a staggering 85% chose to withdraw to a cryptocurrency wallet. By the end of 2018, however, the sportsbook expects the number of such transactions to grow to a full 100%.

For now, statistics from other popular betting platforms are unknown. The media outlet also reached out to other popular online bookmakers for a comment on the matter but none chose to respond back to the request.

Bitcoin Gambling – A Billion-Dollar Market

Another interesting report from 2017 shows that the Bitcoin Casino/Sportsbook market has grown rapidly since the first Bitcoin gambling websites started appearing online. In 2013 alone, around 50% of all Bitcoin transactions were made for the purpose of online betting.  At the same year, another report showed that gambling transactions were, at the least, 10 times higher than transactions made in dark-web marketplaces which were long considered one of the key uses of Bitcoin by influential media.

According to online numbers, since 2014 an estimated amount of 3.7 million Bitcoin has been wagered by the spring of 2017 and over 24.5 billion bets were made with Bitcoin at online betting and gambling sites. This is yet a small number when compared to the entire online gaming industry, which had an annual volume of $45.86 billion during 2016, but nevertheless shows that Bitcoin is playing an important role in the online gaming scene.

January 10, 2018: • No Comments

Join the Festive Race and Win 500 mBTC at BTC Casino

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Just because the holidays are over, it doesn’t mean you have to stop celebrating or getting presents and BTC Casino knows this. For all those who’ve had little luck winning anything in the many Christmas/New Year promotions most casinos have been running during the past weeks, BTC Casino now offers a chance to take a second shot at warming yourself up with some Bitcoin rewards. If you’re interested in taking that shot, keep reading for more info on BTC Casino’s latest Festive Race tournament.

Take a Slice of a 1,500 mBTC Prize Pool

To give you a proper shot of starting 2018 with a bang, BTC Casino is running a new Festive Race slot tournament that launched on December 27th and will run until January 15th, 2018. During this time, all you have to do to become eligible for a reward is to qualify in 250 rounds on one or more of the selected slot games. Some of the qualifying games include, but are not limited to, the following slots:

  • Starburst
  • Satoshi’s Secret
  • Panther Moon
  • Heroes II
  • Vikings
  • Space Wars
  • Aztec Empire

Rewards at the tournament will be handed out after the end date to those players that will show the best results. All rewards are given as complimentary points which can be swapped back for Bitcoin through the casino’s exchange. The luckiest players will get to reap the following rewards:

  • 1stplace – 500 mBTC
  • 2nd place – 400 mBTC
  • 3rd Place – 250 mBTC
  • Places 4 and 5 – 400 points
  • Places 6-10 – 250 points
  • Places 11-15 – 125 points
  • Places 16-20 – 75 points

Bitcoin Cash Conversion and 150% Welcome Bonus

If you’ve owned Bitcoin prior to the fork and got some Bitcoin Cash to spend, BTC Casino can offer you a deal to swap in your BCH for mBTC through a current exchange rate. Bitcoin and Bitcoin Cash are the only available currencies at the casino, for the time being, but you can only convert Bitcoin Cash to mBTC for your deposits and not to actually play in BCH.

If you’re new to the casino, you will also be eligible for a first deposit bonus of 150% match. The best thing about this bonus offer is that there are no maximum limits to how much you can claim with it. However, you will have only three days to take this offer when you register, after which it will expire automatically. The wagering requirements on this bonus are set at 35x.

There are plenty of games to spend your BTC on at the casino, most of which are provided by NetEnt, Endorphina, and Novomatic. However, if you’re looking for table games, you will only have a limited number of options to choose from as this is mostly a Bitcoin slots casino. On the plus side, registration takes only 15 seconds and you can send money right in within a minute of registering.

If you’re interested in taking part in the Festive Race or browsing the game offer, feel free to give BTC Casino a visit.

January 5, 2018: • No Comments

Betcoin Poker Closes; BB Jackpots to Be Distributed in January

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Betcoin Poker, the poker room of Bitcoin casino, sportsbook, and (now former) Poker operators Betcoin.AG, has officially closed doors following an announcement on the website. But after the Christmas closure was met with high frequency of comments from Betcoin’s player base, some of which specifically addressed the Bad Beat jackpots, the operator recently revealed that it will be distributing player-pooled Poker jackpot funds after the next two weeks.

Acquisition Leads to Poker Client Closure

Right at Christmas time, December 25th, Betcoin’s Poker client was officially shut down after 3+ years of operation. The reason for the closure, according to the announcement on the official website, was that the Betcoin.ag site was acquired by new owners.

In the blog update, words were shared about all the “fond memories” the Poker staff created throughout the years, with a special focus on the free-roll tournaments with hundreds of Bitcoin prizes, the Betcoin Cage, and the Daily Coin.  To Betcoin, the Poker room was more than “just a place to play” but a player community filled with “camaraderie” that the operator now hopes will continue as the site moves on to the next chapter in its book.

According to the update, the Poker client is the only part of the site that is getting closed down but the casino and sportsbook will remain “untouched”, except for some improvements planned for the future.  Not one to shy away from being emotional, the casino operator urged players to “get sentimental” and comment on what the Poker client meant to them to receive a ticket for the last “Thank You Free-roll” before the closure.

Jackpot Distribution by Mid-January

A couple of days after the Poker client’s closure, Betcoin posted another update to address the issue of the Bad Beat Jackpots and the funds accrued towards these prizes. The Bad Beat Jackpots were jackpots given in live Texas Hold’Em games at Betcoin Poker when a hand of 4 Jacks or better gets beaten by an even stronger hand. Once triggered, each player on the table receives a portion of 10% of the allocated player payout fund, the higher hand gets 20%, and the Bad Beat player gets 70%.

In its update, Betcoin first apologized to its Poker players for not taking “the very best care” of them during the years but also for not addressing the Bad Beat Jackpot as fast and fair as players might have expected.  As proof of the improvement of the overall work culture of the site and its commitment to handling player concerns expediently and professionally in the future, Betcoin announced that the Bad Beat Jackpot funds will be redistributed back to players’ accounts by the second week of 2018.

Until that time, Betcoin’s team will be calculating the totals and then post the distributions to player accounts based on the percentages they have contributed to the jackpot throughout the years. Thus, if you’ve ever played a Bad Beat Jackpot game, you might want to visit Betcoin.AG and log into your account again later in the month.

January 3, 2018: • No Comments

Kick-Off 2018 with New Tours at America’s Cardroom

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America’s Cardroom – one of the biggest Bitcoin poker rooms online – is gearing up for yet another year of exciting events and huge cash prizes. As they approach the end of a very successful year filled with highlights like the $14 Million OSS Cub3d, the $1.4 Million High-Five Series, and the introduction of 60 different cryptocurrencies, America’s Cardroom reveals what they will have in store for the start of 2018 to give players a glimpse of what adventures lie further ahead. If you want to know “the scoop”, keep reading for more details.

Saturday Super Series with $750,000 Prize Pools

The weekends will be the most exciting part of playing at America’s Cardroom in 2018, according to the new announcements. Namely, starting January 6th and running until March 24th, the Poker room will be hosting the popular Saturday Super Series but with an increased guaranteed prize pool of $750,000, instead of $200,000.

The Series will run for 12 Saturdays in a row and each tournament day will offer over half a million in $USD prizes more than ever before.  There will be 8 tournaments with prizes that vary between $30,000 and $200,000, as well as new buy-in events for low, medium, or high stakes buy-ins. But the highlight of the series is the $200,000 Guaranteed Freeze-out, which will be running at 2:15 PM (ET) each tournament day with a buy-in of $256.

Every Saturday will kick off with a $10,000 Guaranteed Hyper Turbo Mega Stack with a buy-in of $21 at 12:00 AM and end with a 11:30 PM Turbo 10 game with $500 Guaranteed. Buy-ins can go as low as $1 if you’re looking for cheaper games but they can also exceed $300.

Million Dollar Sundays Return

The second addition to America’s Cardroom roster, the Million Dollar Sunday, is coming back to the Poker room after much demand from players. The starting date of the series will be January 7th, 2018, after which the $1,000,001 Guaranteed event will be played out as usual every next Sunday.

The main tournament begins at 2:00 PM (ET) with a buy-in of $265. However, if you can’t afford to spend as much to get into the game, you’ll be happy to hear that you can find both weekly and daily satellites to win your way into the Sunday finale.  MEGA satellites can be found every day of the week prior to the tournament with buy-ins as low as $4.40. But if you don’t want to work the tables, you can also use the “Spin to Get IN” machine to win yourself a tournament ticket for only a penny.

If you’ve never played at the Poker room before, you’ll have a chance to grab an interesting welcome package with 3 different incentives. The first incentive is a 100% bonus on your first deposit of up to $1,000 that gets released in installments after you collect enough Award points. Apart from this bonus, you will also get between $2 and $6 of free cash every day for the next 20 days after your deposit, as well as a ticket for the $250 New Depositor Freeroll tournament.

To claim the bonus or warm up for the weekend tournaments by playing other tables, you can head down to America’s Cardroom and sign up.

December 29, 2017: • No Comments

mBit Casino Now Accepting Bitcoin Cash and Other Cryptocurrencies

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After Bitcoin’s hard fork split in August, many Bitcoin holders at the time got their hands on Bitcoin Cash coins. If you were one of those people, you’d be happy to hear that more and more online casinos are adding the offshoot cryptocurrency to their list of accepted currencies, giving you a double chance to make some money. One of the latest to jump on this bandwagon was mBit Casino, which recently went live with several crypto-coins, including BCH.

3 New Cryptocurrencies Accepted

Apart from Bitcoin, which is still the main currency of mBit, the casino will now also be accepting 3 new cryptocurrencies: Bitcoin Cash, Litecoin, and Dogecoin. With the addition of the new payment options, mBit Casino joins a group of high profile operators that take more than 2 of the top 5 cryptocurrencies as well as becomes one of the first major operators to take Dogecoin.

While Litecoin and Bitcoin Cash may be well familiar to cryptocurrency enthusiasts, Dogecoin has mostly enjoyed a status of a “joke cryptocurrency” since its original inception in 2013. But with the recent surge in cryptocurrency investing, the number of people buying and selling Dogecoin has been increasing. Still, its daily trading volumes are quite weak when compared to Bitcoin, which is what probably inspired the casino to implement the coin.

Namely, according to Philip Aaker, mBit Casino CEO, the casino noticed that Bitcoin transaction fees have been increasing in recent weeks as the blockchain was congested with transactions. Thus, a decision was made to add support for other cryptocurrencies in an effort to allow their players to lower their transaction fees and enjoy faster confirmation times. This, as said by Aaker, was an important transition for the casino.

Introducing 3 new cryptocurrencies is only the first step of a longer process to diversify mBit Casino’s range of accepted currencies. Apart from Bitcoin, Bitcoin Cash, Litecoin, and Dogecoin, the casino also plans to add more digital currencies with the start of 2018. The first of this new list of accepted coins will be Ethereum, which is scheduled for integration by the middle of January 2018.

Where Up to 3 BTC in Bonuses Await

Featuring hundreds of games in its portfolio, mBit is a Bitcoin casino that has conquered nearly every game category, from creative slots and video poker machines to Asian live dealer tables. There are over a dozen software studios represented in the game offer, including well known names like BetSoft, Amatic, and Evolution Gaming, as well as niche product providers like Asia Gaming.

If you’re registering for the first time at the casino, mBit has three different bonuses waiting for you. The first bonus is a 110% match bonus of up to 1 BTC that the casino will release after you make a first deposit. The second and third bonuses, on the other hand, are 50% and 25% bonuses worth a maximum of 1BTC each, which mBit Casino will give you when you make your second and third deposit. To claim any of these offers, or just browse through the casino’s game collection, you can use our link to visit mBit Casino.

December 27, 2017: • No Comments

$2.3 Million Won at Poker Stars Casino

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In preparation for the holidays, many Bitcoin Casinos are warming up their players with holiday slot tournaments and prize raffles in an effort to give something back during the season of sharing. But player competition and prize draws aren’t the only way you can make your holidays cheerful, as two Poker Stars players found out after hitting the slots and taking home over $2 million in jackpot prizes.

7th Poker Stars Casino Millionaire

NetEnt’s Divine Fortune was only launched at the start of 2017 but it didn’t take long before it started making online slot players happy. One of the latest examples of this slot’s generous nature came just before Christmas at Poker Stars’ online casino when a player triggered a $439K jackpot.

There are no official details on the name and surname of the lucky player. The only information made available is that he was 25 years old, coming from the United Kingdom, and used “Syi2432” as his nickname. The prize was won on a lucky spin that triggered the game’s jackpot round and brought the UK player a cash prize of $438,758.18.

But what’s even more impressive is that only several days later, another Poker Stars Casino player triggered a huge jackpot, this time in the amount of $1,879.437.02. The player, identified only as “beckskr”, was playing slots from his homeland of Germany and triggered the jackpot on the Arcade Bomb slot from Red Tiger Gaming, less than 7 minutes from logging into his account that day.

The massive win crowned the German player as the 7th millionaire Poker Stars Casino has made this year. Most of this year’s $1,000,000+ jackpots were hit on the aptly named Millionaires Island game but Poker Stars says even the Arcade Bomb produced three millionaires thus far.

$25,000 Single Prize Waiting after New Year’s Eve

Instead of only hoping for a jackpot to win some nice money before the holidays, you can also try a number of holiday promos at Poker Stars Casino. The first is a challenge-based Christmas Calendar promo that offers different daily missions every day until Monday, December 25th. If you prefer live games instead, there’s also a live dealer Christmas promo with a total of $1,500 in bonuses for any first-time player at the live casino.

But even if you can’t make it for the Christmas promotions, you can still earn up to a $25,000 bonus through the New Year Leaderboard promo. This promotion was freshly launched today, December 22nd, and it will last until January 4th. To take part in the Leaderboard, you don’t have to specially opt-in but just play any game at the casino and win money on it.

There are a total of 1,000 different prizes awaiting players in the Leaderboard with a mutual prize pool of $200,000. Apart from the number one player, nice prizes can also be won by the second and third best players, who will get to claim rewards of $15,000 and $10,000, respectively. If you’re interested in taking part in the promotions, taking the lucky slots for a spin, or just playing Bitcoin Poker, make sure you visit PokerStars.com

December 22, 2017: • No Comments

Lottoland Launches World’s First Bitcoin Lottery

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Bitcoin has been drawing an incredible amount of interest during the past months from the general public and companies with little connection to the fintech or financial world. Thus, it was only natural that Bitcoin’s appeal will draw in interest from other more conventional sectors beyond the tech community. The latest to join the Bitcoin camp was Gibraltar-based international lottery operator Lotto Land, which recently became one of many Bitcoin gambling operators with the launch of the world’s first licensed Bitcoin lottery game.

Jackpot of 1,000 BTC

Announcing the new lottery with the words: “The world is going Bitcoin bonkers and so are we!”,  Lottoland launched its “world’s first regulated Bitcoin jackpot” this week. Thus far, there was only one draw on Tuesday but more draws will take place every day apart from Sunday at 9:30 PM, Central European Time.

The new Bitcoin lottery is tied to the Spanish Bonoloto, so players will have to choose the same 6 numbers out of 49 and compare their lotto slips to the same numbers drawn in the Bonolotto. The jackpot for guessing all six numbers in the draw is 1,000 BTC, or over €14 million in Bitcoin’s value at the time of the launch and current prize. But considering the price even touched $20,000 on Sunday, the jackpot may prove even luckier if won during the right time.

The price per one lotto board is only £3 and you can also take part in the lottery through Lottoland’s online website. If you are lucky enough to guess the winning numbers and trigger the jackpot, the value of the prize will be locked in on the value listed on Coinbase charts at the time of winning. The jackpot prize can be collected back in BTC as well as regular fiat money, if requested.

Better Odds and Bigger Prizes

According to Lottoland, the new Bitcoin lottery will be “10 times easier” to win than their Euro Millions jackpot. Namely, the estimated odds of winning any prize through the lottery is 1 in 7 while the odds of winning the main jackpot are 1 in 14 million, or approximately ten times better than the Euro Millions.

There are 5 tiers of prizes in the Bitcoin Lotto, starting with the main 1,000 BTC jackpot for winning 6 numbers and continuing with prizes for 5, 4, 3, and 2 numbers. Guessing 5 numbers will get you a prize of 1 Bitcoin while the lowest you can win is £1.50, or half of what 1 lotto board costs. If you don’t want to pick your own numbers, you can also use a Quick Pick option and have a system randomly pick them for you.

Lottoland is also vowing to offer even bigger prizes in the future as the Bitcoin Lotto picks up pace. According to the game’s announcement, the lottery plans to increase the jackpot from time to time to allow players to bet on “bigger and bolder” jackpots.  It is unknown whether more Bitcoin games will be added in the future from Lottoland but with a high-profile operator like that backing up the cryptocurrency other gambling operators might soon follow suit.

December 20, 2017: • No Comments