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What is Jackpot Betting?
When you place a bet on one of Lottoland’s Jackpots you’re placing a small stake for the chance to win a huge return.
With Lottoland you’re betting on the outcome of selected financial markets. This means you’re required to match your selected numbers with data taken from indices at a specified time.
How Does it Work?
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Why is it called a Jackpot?
What do our 750,000 customers all have in common? That’s right, the desire to win huge life-changing sums. That’s why we refer to our products as Jackpots! All the jackpots are fixed amounts, which means unlike other ‘pool’-betting options our jackpots won’t change depending on how many clients have placed a bet. Not only that, but because we control our own jackpot amounts – you’ll find they are much bigger than anywhere else!
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Betting on Financial Markets
Placing a bet on a financial market is not new and has been done for years. In fact, all the major online bookmakers will offer a betting market on interest rates or on financial market indices.
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Why Financial Markets?
In building a set of new and innovative jackpots we had to be absolutely certain the resulted numbers were unknown to anyone, including ourselves, until they had occurred. We had to be sure they couldn’t be manipulated by anyone or any entity and they were independently audited and governed so anyone betting on the outcome could be certain the result was fair and equal. In short: nobody has an advantage when betting on our jackpots and the results are determined in the same fair way for everybody.
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How do I choose my numbers?
How you choose your numbers is totally up to you! They can be sentimental, such as important dates or lucky numbers. Or, if you think you know what the outcome of the various stock indices will be, then you can use our Result Generator Tool to provide you with the corresponding numbers to bet on. The Result Generator Tool is available on each of the jackpot pages and can be viewed by navigating to the Results section and clicking on “see details how the results are generated”. For example, on the US Power Jackpot, navigate to the US Power Result Page and then click on the area below:
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How can Lottoland pay such high jackpot amounts?
Lottoland operates an insurance model which means that the pay-out for each bet someone makes is guaranteed. We will pay all smaller wins directly from the revenue we receive from sales. Larger jackpot wins will be covered by Lottoland’s insurance.
This insurance-based business model enables Lottoland to offer their players the ability to win the largest jackpots worldwide. But don’t take our word for it, in September 2018 Guinness World Records awarded Lottoland with the record for the largest all time online gambling win! This was a single pay out worth an equivalent $137m.
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Why can't I bet on International Lotteries?
Due to Government Legislation, from January 9th 2019 Lottoland can no longer accept bets on International Lotteries.
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