How You'll Receive Your Money
When it comes to lottery, we tend to get preoccupied with dishing out tips on how to win it, and forget about what happens if you do bank a major jackpot. We've been getting more and more questions from our customers about the process our winners go through once their lucky numbers come in, so we've decided to shed some light on this exciting process.
Lottoland allows players to bet on the outcome of the world's most popular lottery jackpots and bank the biggest prizes around.
As you're betting on the outcome, not buying a paper ticket, country restrictions and fixed jackpots are a thing of the past. With us you can enjoy lotteries from across the globe, giving you a world of choice.
Every bet you place with us is protected by our guaranteed payout scheme, meaning that any win, from $1 to $1 billion, will be paid to you.
We are licensed and regulated by the Northern Territory Government who also regulates the biggest bookies such as Ladbrokes, bet365 and William Hill.
What's more, our biggest jackpots are backed up by a number of leading insurers, meaning that regardless of how much you win, or how many payments you opt for, you'll get the full sum.
How Are Winnings Paid Out?
All of our jackpot prizes can be claimed as a one-off lump sum, unless specified otherwise. All other winnings will be paid out in a one-off payment.
US Powerball and MegaMillions Payouts
Our American lottos MegaMillions and US Powerball can also be claimed in instalments.
We replicate the pay-out structure of the official lotteries in America and therefore a 35% reduction is made in the total US Jackpots to reflect the tax an official lottery winner would pay.
The MegaMillions and US Powerball Jackpots can be paid out in the 30 year instalments, with one annual payment being made for the 30-year term. The level of payments are calculated such that the payments rise 4% from year to year until the full sum has been paid out.
Payment can also be offered as a lump sum and will be paid out at 60% of the total value of the annuity amount.
Cash4Life is of course paid out in instalments, not a lump sum, because of the nature of the jackpot – cash for life ($1,000 per day for the rest of your life as first prize)!
How Can I Claim My Winnings?
By law all betting companies, us included, are required to see official ID to verify your identity. This prevents our customers from having their winnings claimed by someone else.
We will ask you to upload scans of either your driving license or passport and utility bill, alternatively you can upload these documents to your Lottoland account to speed up the process. Once the documents are uploaded they should be verified in 72 hours.
Jackpot prizes will be paid into an account chosen by you, however to prevent money laundering the account must be in your name, and in the country you reside in.
Most wins will appear in your account in a matter of days, while larger prizes may take a few weeks to appear. However, we offer far quicker payment than traditional lottery organisations!
Our customer service team is always delighted to help with any questions or queries you might have about our products or upcoming promotions.