After the introduction of cryptocurrency futures in the USA, Lottoland decided to support the initiative to popularize Bitcoin. The launch of the lottery in Ireland takes the lead in the effort to legalize the popular coin in Europe.
Bitcoin Lottery with a Jackpot of 1000 BTC
A classic 6 out of 49 lottery format is expected in Ireland. The jackpot, based in Gibraltar, has been set at 1000 bitcoins. At the exchange rate on 20.12.17 of 17,000 dollars per coin, it is easy to calculate that the prize is announced at 17 million dollars.
EU countries are not intimidated by such sums. According to statistics, with an initial jackpot of 1 million euros and no players matching 6 out of 49, rollover winnings lead to hundreds of millions being at stake in the next draw. Therefore, Europeans are not surprised by such amounts. But the dynamically developing “bitok” that players receive directly into their wallets is a compelling offer.
Regarding the lottery, the cost of one ticket within Ireland is 3.50 euros. To participate in the game in neighboring countries, it will be necessary to study the laws on lottery conduct in the country where the event is planned. This is because organizers are limited in awarding prizes to foreigners due to tax payment issues.
