Governments taking legislative action against 'fake' lotteries

Comment #5

MonEl — Thu, 12 Oct 2017 03:48:13 GMT

Thanks

Comment #4

Todd — Thu, 12 Oct 2017 03:42:55 GMT

Exactly.

Comment #3

gatorsrok — Thu, 12 Oct 2017 01:24:36 GMT

And since these fake lotteries are illegal, the winner of the fake lottery is not going to get much sympathy from the state/law enforcement authorities about not getting paid if they do hit a jackpot and get stiffed.

Comment #2

Todd — Thu, 12 Oct 2017 01:04:20 GMT

MonEl (Lantern), these companies are not holding their own drawings. They are using the numbers drawn by official lotteries and paying out the money on their own. They supposedly take out insurance in case someone wins the jackpot.

The crime here is when has ANYONE seen an insurance company pay out a $100 million+ jackpot? There's no way in this universe they would. So people buying ticket from these companies are basically throwing their money away.

Companies like Lottoland make it seem o... [ More ]

Comment #1

MonEl — Wed, 11 Oct 2017 22:25:14 GMT

That is the way to do it.

If a lottery vendor draws their own lottery numbers since they are an interested party people can claim that the lottery is not honest, because there is a conflict of interest there, after all those who run lotteries want to make as much profit as possible, so using lottery numbers from other sources is a good idea so people will play with them.

Would you buy lottery numbers from Al-Capone if he held his own lottery drawings?

That is why I don't much have faith... [ More ]

Governments taking legislative action against 'fake' lotteries

Lottery Post — Wed, 11 Oct 2017 19:30:47 GMT

Convenience store owners have applauded a Tasmanian Government decision to quickly draw up legislation to ban lottery outcome wagering in the island state.

It's the latest move against growing gambling disrupter Lottoland as newsagents around Australia campaign to shut down the digital competitor they say is threatening their livelihood.

Lottery outcome wagering also know as synthetic lotteries is an online gambling model where players bet on the outcome of an official lottery rather than... [ More ]