The internet has opened up so many new opportunities for regular people. It can be used to find jobs, meet friends, play games, and upload photos. But, most importantly, it can be a place to win seriously large sums of cash. One of the biggest markets on the internet is gambling, along with games of luck like the lottery and bingo. The rise of these sectors has brought with it a huge increase in the amount of money that can be won online. But just how far can it go? Is it possible to win $1 billion just from playing games on the internet?
The answer to that question is yes. This is thanks to online lottery betting sites which allow players to stake on lotteries around the world. Only lotteries can offer people the chance to win such vast amounts of wealth but, in the past, players were restricted to which draws they could play based on their country of residence. That has all changed in recent years, as there has been a rise in the number of sites which allows players from all over the world to stake on virtually any lottery.
Lottery betting offers players the same jackpots as the lotteries on which it allows players to stake but players don’t have to buy a physical ticket. Instead, the sites pay out to winners who get all the numbers right and it acts separately from the official draw. This means that players from a number of countries outside of the US were able to stake on the Mega Millions jackpot when it reached an astonishing $1.6 billion in October of 2018. Lottery betting sites like Lottoland are able to pay out these eye-watering sums if players win due to their unique insurance policies which cover these scenarios.
Another way to win $1 billion online in the past has been to bet on the Powerball jackpot, which also breached the $1 billion mark. In January 2016, the jackpot for the American lottery was $1.5 billion, and the official winnings were split between three lucky tickets who each took home $327.8 million after taxes.
It’s fair to say that the chances of winning one of these prizes are fairly slim, but there is little risk involved when the stake to put on a line of numbers is so small. Just being able to participate in such events is a big deal for many lottery players who live outside of the USA. There are other ways to win large sums of money online, though, such as on progressive slot games. These jackpots haven’t reached anywhere near $1 billion yet but some of the payouts in the past have been fairly big. For instance, the highest Mega Moolah jackpot ever was in excess of $17 million.
Online lottery betting has made it possible for any average Joe to stake on some of the world’s biggest lotteries and be in with a chance of winning crazy sums of money. In all likelihood, these massive jackpots will become a more regular occurrence in the future.