Lottoland, one of Ireland’s best known lottery operators is offering a Bitcoin (Bitcoin) bounty worth millions of dollars. In exchange for picking six numbers, entrants – who aren’t limited to the Republic of Ireland – will be entered into a draw whose current jackpot stands at 1,025 BTC, Bitcoin.com reported.
In launching its own Bitcoin lottery, Lottoland is cashing in on the craze for cryptocurrencies that is sweeping the world, with Bitcoin at the head of that charge.
“The world is going Bitcoin bonkers and so are we!” proclaims the Lottoland website.
A daily draw, held at 8:30pm GMT Monday to Saturday, has a 1,000+ BTC jackpot up for grabs. Players will need to match all six numbers on their card to scoop the USD $18 million bonanza, although smaller payouts can also be won. One in seven bets will win a prize of some kind.
Players who find themselves in the enviable position of winning will be faced with a conundrum: to accept their prize in fiat currency or to have the sum sent as cryptocurrency directly to their Bitcoin wallet.
“Bitcoin is a worldwide phenomenon, and Lottoland is giving our customers the opportunity to get involved in the big league,” said the company’s Irish country manager Graham Ross.
Whether any victor, suddenly faced with a multi-million dollar windfall, will be brave enough to take it all in Bitcoin remains to be seen.