Can online gambling compete with national lotteries?

[Dr.Bitcoin_Strange]

Well, online crypto casino is an innovative idea to do gambling differently from the traditional way, and despite its existence, there are still so many customers who still prefer the national lotteries and land-based casinos. So many young people are already migrating to online casinos, including myself. Although I cannot speak less of the fun I usually get when I am around my friends at the land base casino, Everyone has different choices and tastes for things they want. According to your question, I would buy a ticket from the Crypto Lottery. 

[Wakate]

I don't like lottery because I feel like it is not really transparent when it comes to who is meant to be the winner. I have been seeing so many people playing lottery for years and what they have won so far might not be compared to how much they have lost in the process. One of the ways lottery has been so attractive to gamblers is because it is very cheap and you can use just few cents to gambler for a chance to earn big amount of money. This is one of the way people get manipulated and they would keep betting without any assurance that they would ever be fortunate to earn big from the lottery.

[alegotardo]

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What do you think? Would you buy tickets in a crypto lottery yourself? And would you prefer it over a state lottery?

That may be, but what I have observed is that more and more people are switching from lottery games to online casinos.

Lottery games really pay a lot more, but they are very difficult to win, and after betting several times without winning anything, players really get frustrated and even give up.

On the other hand, online games have the strategy of paying rewards in short betting times, and this keeps the player motivated and always playing.

Furthermore, easy access to online betting platforms and the glamorization of sudden success contribute to the rapid spread of this type of betting.

I believe that the best thing is to try to reconcile both: Continue betting on the national eria when there are bigger events or important bets... and betting on online games too.

[DaNNy001]

I don't like lottery because I feel like it is not really transparent when it comes to who is meant to be the winner. I have been seeing so many people playing lottery for years and what they have won so far might not be compared to how much they have lost in the process. One of the ways lottery has been so attractive to gamblers is because it is very cheap and you can use just few cents to gambler for a chance to earn big amount of money. This is one of the way people get manipulated and they would keep betting without any assurance that they would ever be fortunate to earn big from the lottery.

Same here bro, I really don't get the thrills that behind getting a lottery ticket, i mean the chances that I could be the winner is like 1 out of 1 million and that for a chance is too slim for me, I would say gambling online is better but although the lottery winning are just attractive and it gives people the sense of hope that they could possibly be the next winner.

[Julien_Olynpic]

I don't think a casino can compete with the national lotteries in terms of winnings. Your casino games are much smaller than the national lottery jackpots. However, there is a very important point here: winnings even in casinos occur much more often than in lotteries, and in sports betting, winnings happen even more often. The likelihood of winning anything even minimally significant in the lottery is small, and the likelihood of winning a jackpot is generally negligible. Of course, there are certain strategies aimed at increasing the chances of winning a jackpot, but all of them are ineffective and are based on large purchases of lottery tickets.
 I would recommend taking up sports betting, where winnings happen much more often.

[bubilas]

I think lotteries are much more honest than any casinos. The game process is transparent there, because we see balls with numbers, which the presenter takes out. And this process really happens in real time, unlike calculating the odds in a casino, which takes place using hidden algorithms.

Also, a very important point is that lotteries are unable to cheat with money withdrawal - if someone wins the lottery,
he can always safely count on being paid the prize money quickly and without problems.
The casino cannot boast the same reliability.

[Litzki1990]

By lottery we mean buying a coupon with a certain amount of money and keeping one part of that coupon for myself and another part of that coupon I threw in the rifle draw. But cryptocurrency lottery is a different matter. To win crypto currency lottery one must have knowledge about crypto currency. If I have no prior idea about the new task, I will be more likely to make mistakes in that task. If we have a concept of cryptocurrency relationship, we catch such a lottery. Online casinos are in almost every country so it can be a bit of a decision for the user so if users gamble in online casinos it will definitely be easier than crypto currency lottery.

[Apocollapse]

You're comparing apples with oranges.

You should compare online slots with land based slots, online lotteries with national lotteries.

If we talk about online lotteries with national lotteries, I think online lotteries can't compete with national lotteries since not many people are interested with online lotteries. One of biggest online lotteries that still exist is Golden Ticket Contest to win Lambo by Freebitco.in, but recently there are problem with this site, so it will be harder to find for trusted online lotteries.

[justdimin]

I might buy tickets for crypto base lottery, however, still the question if it is provably fair? And that's why we haven't seen anyone even from big crypto based casino to have a lottery because it's not worth it and it will not gain traction from the community.

So I guess that's the main reason, as least for me that online lotteries will not be successful as compare to state base lotteries wherein it has been proven to give the winners as long as they can present the ticket without question.

From where will you buy your tickets when you said there are no crypto lotteries available? The truth is, there are a few of them that I see in the forum before. To the question, if they are provably fair or not, there is a way to check it. It is when they have some long string of text, where you can copy and paste in an empty box which I think also provided by the site. If you like both crypto and lottery, then it is worth it and if more people are like this, it is possible for them to gain traction.

In an offline lottery, we can see the winners but many are still doubting if they are legit or not. In a crypto lottery, there is no need to expose the winners because that will negate its purpose which is decentralization and anonymity.

[dezoel]

Some online casinos can have huge lotteries if they start offering this service, consider Stake as an example. They have a very large audience base, and if they have a lottery where gamblers can buy tickets and get to win the total pot or other rewards, it will be huge, however, it will barely be able to compete with national lotteries because of the fact that a national lottery runs nationwide, which means that people from all around the country can buy tickets for a national lottery.

In a cryptocurrency casino, no matter how many users it has, there is still a limit to the number of participants which can be a barrier for them to be able to compete with national lotteries because national lotteries will eventually sell more tickets and hence have a higher pot amount for the winner(s).

[wxa7115]

Some online casinos can have huge lotteries if they start offering this service, consider Stake as an example. They have a very large audience base, and if they have a lottery where gamblers can buy tickets and get to win the total pot or other rewards, it will be huge, however, it will barely be able to compete with national lotteries because of the fact that a national lottery runs nationwide, which means that people from all around the country can buy tickets for a national lottery.

In a cryptocurrency casino, no matter how many users it has, there is still a limit to the number of participants which can be a barrier for them to be able to compete with national lotteries because national lotteries will eventually sell more tickets and hence have a higher pot amount for the winner(s).

At least to me the greatest problem has to do with the laws of the many different countries in which that lottery was sold, since I suppose the standards set by the governments for each one of their lotteries should be different.

So dealing with all of those standards is going to be too difficult for any casino to implement, which should explain why despite the popularity of bitcoin all over the world, this is something that we have not seen happening yet.

[Lida93]

What do you think? Would you buy tickets in a crypto lottery yourself? And would you prefer it over a state lottery?

Despite on having no transparency on how winners would really be drawn out specially on state lottery or simply doesnt know about its fairness but still there are really that tons who do prefer out on
buying up tickets despite of such thing. We've seen here on crypto space that lottery based betting isnt something that do get that much attention. IF we do really tend to look around then
i dont see that much or its quite obvious that it isnt really that getting too much traction. Yes, there might be still some known sites that does have that lottery game but if you do base
up with the interest been shown then it isnt really that could be compared into those typical casino games like slots when it comes into overall interest.

For me, i would be still sticking on picking up or buying state lottery tickets despite of those issues or cons that it do have.
Odds would only differ on how many digits that you do need to guess on.

One crypto lottery contest that I believe is a popular one among crypto gamblers here is the win a lambo contest of freebitco, where bettors are buying or earning those golden tickets to join this contest. Other than that, I don't know any other popular crypto lottery contest here.
With state lotteries, the chance of winning thousands of dollars is on a regular basis, like weekly for most of these lotteries. Hence, they are indeed attracting regular bettors. They can claim the prize in person as well.

If The participation level of gamblers with freebitcoin Lambo contest didn't actually measure with those of other common games in their platform basically due to how people would prefer taking on with their normal slot games and others than the Lambo lottery despite how transparent it appears to be.
A higher number of lottery lovers will rather participate in government lotteries than private gambling sites or companies and from what I conceive is that they have more faith in them getting a bigger chance of winning with government lottery than private because the government are known to be less profit oriented with their services.

[Dump3er]

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At least to me the greatest problem has to do with the laws of the many different countries in which that lottery was sold, since I suppose the standards set by the governments for each one of their lotteries should be different.

So dealing with all of those standards is going to be too difficult for any casino to implement, which should explain why despite the popularity of bitcoin all over the world, this is something that we have not seen happening yet.

Yes differences in law are an issue and I think there is more to the fact that many of the crypto casinos don't offer huge lotteries or don't attract a sufficient number of people to make it competitive enough compared to state run lotteries. First of all, I think a casino like Stake.com prefers the players to go to the slot machines or place bets in sports or whatever. I don't necessarily the financial incentive for them although I see potential that they could draw more people from all over the world to their platform if they had huge jackpots to be paid out.

But now you bring up an important point: if you assume that it becomes known someone won $300,000,000 on Stake.com in a lottery, I am damn sure that authorities would look into these cases and whether Stake.com has made sure the participant was accurately subjected to KYC procedures, did not come from a country that is restricted etc. It might make their business more complicated. For now they barely KYC anyone from I have heard unless you are a high stakes player. But running lotteries of a size big enough to compete with state run lotteries could complicate their course of business. 

It is still that all these big casinos somewhat fly under the radar, at least it feels like that. Offering record breaking lottery jackputs would probably significantly increase scrutiny by authorities.

[Solosanz]

If The participation level of gamblers with freebitcoin Lambo contest didn't actually measure with those of other common games in their platform basically due to how people would prefer taking on with their normal slot games and others than the Lambo lottery despite how transparent it appears to be.
A higher number of lottery lovers will rather participate in government lotteries than private gambling sites or companies and from what I conceive is that they have more faith in them getting a bigger chance of winning with government lottery than private because the government are known to be less profit oriented with their services.

Do you think the government is transparent and fair?

You will never know behind the lottery except you're the worker.

Either the winner announced in offline or digital, there's always a chance it's rigged, as long as they don't want to use cryptography and blockchain, it's never been fair.

One of fair lottery is using Bitcoin's block, each person choose their own number and the winner is depend on the last few digits of the hash.

[nimogsm]

No, online gambling will definitely not replace national lotteries. There is a huge difference between them; buying tickets in a lottery is already a tradition and a more conservative game, one might even say family type. I play the German national lottery once a month with my relatives and it’s just like a tradition and another reason to talk and discuss a game plan.And gambling is for more advanced players and there is much more excitement and the risk of losing much more than buying one ticket.

[Darker45]

A higher number of lottery lovers will rather participate in government lotteries than private gambling sites or companies and from what I conceive is that they have more faith in them getting a bigger chance of winning with government lottery than private because the government are known to be less profit oriented with their services.

Getting a bigger chance of winning in a government lottery? I don't know about your country's government-sponsored lottery but here in mine, government lotteries have millions of entries per day. That makes your chances of winning very little. But the jackpot prizes are really huge that many think it's worth trying. And each ticket is cheaper, too.

Aside from having low probability of winning, even lower than getting struck by lightning, there's always the suspicion of corruption and fraud. For one, it's being run by the most corrupt institution in the country, the government. Also, because they only announce that the jackpot is won without naming the winner, many doubt its integrity.

Government lotteries may not be profit-oriented but if you think this is a reason for them to be generous in their prizes, you're wrong. Here in my country, although the jackpot prizes are so big, actually only 55% of tickets sales go to the prizes.

[traderethereum]

Some online casinos can have huge lotteries if they start offering this service, consider Stake as an example. They have a very large audience base, and if they have a lottery where gamblers can buy tickets and get to win the total pot or other rewards, it will be huge, however, it will barely be able to compete with national lotteries because of the fact that a national lottery runs nationwide, which means that people from all around the country can buy tickets for a national lottery.

In a cryptocurrency casino, no matter how many users it has, there is still a limit to the number of participants which can be a barrier for them to be able to compete with national lotteries because national lotteries will eventually sell more tickets and hence have a higher pot amount for the winner(s).

It is better not to compete each other because of the prizes but it is better to compete to how to gives the best services to their customers. That will gives them a chance to see an increasing in the number of their customers.
Besides that, competing between online gambling compete with national lotteries is not easy because we must have the data that can show everything. Maybe we can say that national lotteries will have better position than online gambling but we don't knows the truth.
They as a customer will not thinks much about that competition because they only wants to be the winner. They will focus with their number of the ticket lotteries and will buy more to increase their chance to wins.

[Webetcoins]

If The participation level of gamblers with freebitcoin Lambo contest didn't actually measure with those of other common games in their platform basically due to how people would prefer taking on with their normal slot games and others than the Lambo lottery despite how transparent it appears to be.
A higher number of lottery lovers will rather participate in government lotteries than private gambling sites or companies and from what I conceive is that they have more faith in them getting a bigger chance of winning with government lottery than private because the government are known to be less profit oriented with their services.

That's a common misconception among people and this misconception is created by governments and authorities by showing that they aren't profit-oriented or aren't taking a lot of profit from their people but the reality is completely opposite of that. Take banks as an example, they make you feel like they are working only for you, to provide you with services and everything and they don't get much in return, but we all know that isn't the reality, a common uneducated person wouldn't know this.

Similarly, when it comes to lotteries and other stuff, they make us feel like they are completely transparent and that they aren't taking a lot of profit, but do you know that state lotteries have very high house edges? They take a very large percentage of the total amount and give away the rest to the winner or winners.

[danherbias07]

Well, online crypto casino is an innovative idea to do gambling differently from the traditional way, and despite its existence, there are still so many customers who still prefer the national lotteries and land-based casinos. So many young people are already migrating to online casinos, including myself. Although I cannot speak less of the fun I usually get when I am around my friends at the land base casino, Everyone has different choices and tastes for things they want. According to your question, I would buy a ticket from the Crypto Lottery. 

So true, it cannot be compared to playing with people around you and I don't know why but it gives me more pleasure when I see them playing with you or against you. It's totally different especially when you are playing casino games like poker where the heat of the game could increase at any moment or when you are battling head-to-head for the pot. Online gambling sites can not give the same pleasure as that but truly they give ease in playing at home and it helps those who just like it that way.
I think the competition is not online gambling sites against national lotteries because for me they are way different because of the method of winning. Big pot against a small/average one.

[Ultegra134]

Do you think the government is transparent and fair?

You will never know behind the lottery except you're the worker.

Either the winner announced in offline or digital, there's always a chance it's rigged, as long as they don't want to use cryptography and blockchain, it's never been fair.

One of fair lottery is using Bitcoin's block, each person choose their own number and the winner is depend on the last few digits of the hash.

I agree that just because you see the winning numbers doesn't mean that it's actually as transparent as we think it is. I don't think that online lotteries can compete with national ones. There are casinos that offer lotteries, such as FreeBitcoin, which others have already mentioned but are currently facing issues with, Rollbit, or Duelbits, but the rewards cannot in any way compete with the millions that are distributed in national lotteries. There are certainly other platforms out there as well, but I'm not familiar with them as I'm not into this type of gambling.