The global online lottery market is predicted to grow at a CAGR of 15.4% in 2017 compared to 41% in 2015. This growth is also attributed to rapid digitalisation, with 49% of the world’s population having internet access in 2017. Further, the growth of mobile phone ownership is boosting market growth. In 2016, eight out of every 10 individuals in developing countries owned a mobile phone, with this number expected to steadily rise over the coming years.
Legitimate online lotteries are regulated by gambling commissions
Legitimate online lottery are operated by private companies and regulated by gambling commissions, which makes them safer to play. You can use common payment methods like PayPal or Visa to purchase tickets, and some sites also offer automatic subscriptions. While most sites accept PayPal, some offer cryptocurrency or other electronic cash as a means of payment. You should read the terms and conditions of the website carefully and check if it’s legitimate.
There are three main types of lotteries. Some are illegal, including those on social media such as Facebook, and are run without a license. Others are run for commercial gain, or may even be called raffles. However, these lotteries are legal if they are operated in accordance with the Gambling Act 2005. These include charity lotteries, raffles, and tombolas.
They offer multi-state jackpot drawings
Players from Massachusetts, Maine, and Vermont can play multi-state jackpot games for a chance to win large amounts of money. The Powerball is one such game, with a jackpot that starts at $40 million, and continues to increase if nobody matches all six numbers. Powerball drawings are held every Wednesday, Monday, and Saturday nights. Tickets cost $2 or $3, depending on whether the player chooses to play the Power Play option or the Double Play option.
The Powerball game is one of the most popular multi-state games. Until a few years ago, players couldn’t purchase tickets for both games, but the combination of Powerball and Mega Millions opened up a whole new audience for the games. While there are now more than a dozen multi-state jackpot games, the Mega Millions jackpot remains the largest in the United States. It is also possible to win big in other games through different combinations of numbers.
They accept Bitcoin transactions
If you’re interested in entering the lottery, bitcoin can make the process even more convenient. These decentralized cryptocurrencies can be traded against fiat currencies and have no middleman. Bitcoin wallet sites let you deposit money into your account using different currencies, including cash. Many of these wallet sites accept credit cards and debit cards, making it even easier to use bitcoin for online lottery purchases. The following are a few lottery websites that accept Bitcoin transactions.
Unlike other payment methods, Bitcoin transactions are completely safe. You don’t have to register for an account, and you can withdraw your winnings within a few hours – as long as your wallet contains the appropriate password. Bitcoin lottery platforms are also safe and secure, because all transactions are private and do not go through the banking system. This means that governments cannot track your transactions. In addition, there are no laws prohibiting the use of cryptocurrency for lottery transactions.