At Lottoland you bet on the outcome of the official draw. For all intents and purposes you will have the exact same customer experience as if you were playing the official lottery. The key difference is that we take your bet and we pay you if you win. We are able to achieve this in two ways.
For smaller prize tier payments we make the payment directly from the fund we have from the total ticket sales.
In order for us to make the larger prize tier payments we take out insurance policies to cover the eventuality of a Jackpot win or a substantial payout on the Lotto bet. Part of the Lotto bet price you pay goes towards the payment of this policy.
We have a risk assessment team that calculates the requirement for each prize tier and, depending on their results, we decide to make the payment by option 1 or option 2. This system operates in the same way on all the lotteries we offer.
We are registered with and regulated by the UK Gambling Commission, the Gibraltar Gambling Commission, and the Revenue Commissioners in Ireland. In order for us to retain these licences we have to prove that we are able to make the required payouts to our players should they win and that we have the correct procedures in place to guarantee this.