Bitcoin Lotto: Win bitcoin on the lottery – How does it work and how to enter? | City & Business | Finance

Bitcoin’s (BTC) price has skyrocketed over the past 12 months, with one coin now worth about £11,000 ($15,000).

And with the digital currency seeping further into the mainstream, Lottoland has jumped on the bandwagon. 

The online lottery ticket outlet is now offering users the chance to win 1,000 BTC tokens every week – currently worth more than £11million. 

Here is an breakdown of how Bitcoin Lotto works and what you need to do to get a ticket. 

How does Bitcoin Lotto work?

Players will need to match six numbers (1-49) to win the jackpot, which will start at 1,000 BTC. The jackpot value is subject to BTC/GBP exchange rate fluctuations.

Tickets cost £3, with one in seven bets winning a prize, according to Lottoland. 

This means Bitcoin Lotto is 10 times easier to win than the Euromillions. 

Lottoland said: “This incredible bitcoin jackpot is the first of its kind and you won’t find anything like it anywhere else.

“Furthermore, Lottoland will be increasing the bitcoin jackpot from time to time, so you can continually bet on bigger and bolder bitcoin bonanzas. 

“Don’t forget, there are plenty of additional prizes too – just match two or more numbers and you’ll be one of our lucky winners.”

Draws take place Monday to Saturday at 8.30pm.

How to enter Bitcoin Lotto

To get your ticket, head to Lottoland’s bitcoin page and login to your account. 

You will then be able to select six numbers on each ticket, or do a ‘QuickPick’ if you prefer. 

Winners will have the option of having their prize paid in bitcoin, if they have a cryptocurrency wallet, or pounds if not. 

Lottoland has assured that you do not have to be a bitcoin expert to enter the draw. 

The company explained: “Our bitcoin boffins take care of all the technical stuff, so all you need to do is pick 6 numbers and cross your fingers for a humungous bitcoin payout. 

“Don’t have a bitcoin wallet? No problem! We can help you set one up, or you can simply choose a cash equivalent and be paid directly to your nominated bank account. How you get paid is entirely your choice.”

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