The new Jackpot.com was developed in 2016 as a lottery wagering site that allows gamers to bet on real-world lottos’ outcomes and, after that, be paid at real lottery chances. Although you do not acquire actual lotto tickets at Jackpot.com, you are paid as though you had won the actual lottery game– consisting of the complete jackpot quantity.
There may be some confusion as various lottery sites used the Jackpot.com domain name that a business developed way back in 1998, but the new Jackpot.com is run by multiple companies based out of the UK and licensed by the UK Gambling Commission. As such, Jackpot.com is a safe lotto wagering site that will certainly pay as assured must you win a big reward.
How Jackpot.com Works
Taking part in global lottos at Jackpot.com is a simple procedure:
- Choose the lotto in which you wish to participate.
- Select your numbers or let the site pick for you
- Spend for your ticket
- Get paid if you win
The distinction between Jackpot.com and other lottery game websites that we have examined recently is Jackpot.com does not buy lottery tickets for you. Instead, they allow us to bet on the lottery game’s result and then issue payments equal to the actual prize amount released by each lottery.
The whole experience is generally the same as buying actual tickets from your perspective. You make your choices, enjoy the lottery illustration, and want to match your numbers to those chosen in the following example. If you reach sufficient numbers to earn a reward under EUR1000, Jackpot.com will transfer the money into your account. If we win a large prize, Jackpot.com will contact you to pay arrangements.
The distinction is that Jackpot.com pays your winnings, not the lotto company. They can do this thanks to contracts they have with big insurance companies. If you were to win a significant prize (let’s say EUR10,000,000), Jackpot.com would get a payment from their insurer and then send that money to you.
This is how Jackpot.com can let you effectively compete in lottos from all around the world while preventing the hassle of you attempting to declare a large reward from a lotto commission-based out of a nation halfway around the globe. Jackpot.com does all the hard work and pays you the money as if you had won the prize from the main lottery itself.
- Have you ever dreamed of winning the lottery?
- Jackpot.com brings you the opportunity to bet on lotteries from all over the world. You can now pick Powerball and Mega Millions.
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Winning Real Money at Jackpot.com
Wins less than EUR1000 are deposited straight to your consumer account at Jackpot.com. From there, you can withdraw the profits as money to your savings account or an e-wallet, or you can use those funds to acquire extra tickets. Any cash deposited into your account is yours to withdraw as you please with no strings connected.
Wins higher than EUR1000 timely Jackpot.com to contact you for payment arrangements. Jackpot.com does not keep a commission on any profits; you are paid the total amount of the prize except in the case of Powerball and Mega Millions (details listed below).
Powerball and Mega Millions are the exceptions to the rule, which brings us to our one complaint. If you win the prize in either of these lottery games, Jackpot.com will hold back 35% of the rewards for the objective of putting the gamer “in a financial position equivalent to that which they would have remained in had they played; the Source Lottery itself.”
This is the equivalent of needing to pay taxes on the lottery. Even though you’re only putting a bet and usually would not have to pay any taxes whatsoever if you live in specific jurisdictions (such as the UK, which does not include tax betting payouts), this is a bit annoying. Still, the rewards are so large that it is challenging to refute playing those lottery games. Jackpot.com does not use this guideline for other lottery games.
Additionally, Jackpot.com has the right to pick either the 30-year payment plan or the single sum payment plan for Powerball and Mega Millions of jackpot winners. It would be nice to have that alternative as a gamer, but with Powerball jackpots in some cases topping $1 billion, it would be hard to complain in any case. That is still a great deal of cash coming your way– money that we would usually have no way of winning outside the United States.
Is Jackpot.com a Scam or Legit?
Jackpot.com is most certainly not a fraud. This is a legitimate lotto wagering site headquartered in the UK, and it holds a betting license from the UK Betting Commission. This suggests they run under the watchful eye of the world’s most demanding betting jurisdiction, and there are no questions that we will be paid whenever you win.
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Jackpot.com can support deposits and withdrawals via all the world’s major currencies. However, UK clients’ accounts are kept in pounds sterling while all other global funds are held in euros. Jackpot.com provides a currency exchange service using existing quotes published by the European Central Bank if we need to deposit or withdraw in any other currency.