Hi everyone, thanks for the interest, and to paul7388, brianmon, dunover and Casino2014man for the comments. I want to be as transparent as I can, so, please take a look at the following info. Thanks!
How does the business work?
At EuroLotto, players are not purchasing tickets directly from the lotteries. They are placing a bet on the results of the lottery draws. Sites like EuroLotto are using hedging mechanisms; Insurance via credible underwriters (such as Lloyds), ILS (Insurance linked securities) and in some fringe cases real lotto tickets to cover our risk in a 100% secure way.
To address the question of “what is the point?!”
EuroLotto enables players, regardless of their location*, to play for the world’s biggest jackpot amounts. The whole point of sites like ours are to offer the best jackpot prizes to players who do not have the chance to play them ordinarily! E.g. If you live in Germany, you can purchase a EuroJackpot ticket direct from a retailer. But you can’t play for the US Powerball jackpot amount. Betting online makes that possible - if you wanted to play for that amount.
We are not
trying to be a substitute for retailers selling your national lottery tickets; we are simply offering a chance to play for the biggest prizes, based on the results of real lottery draws, all over the world.
There are other advantages too, such as never losing a paper ticket (!), being able to subscribe to particular jackpots, managing how much you spend etc. And we also offer a full portfolio of market-leading casino games from Yggdrasil, Netent, Microgaming, Nyx etc.
The site is fully licensed by the MGA and Curacao with a proven track record of offering a safe and secure place to play. The parent company is Cherry.se, established in 1963 and publicly listed.
Just as a side note, we do NOT offer the UK national lottery, nor are we paid a commission from that lottery.
(*EUROLOTTO does not accept players from the following countries: American Samoa, Bonaire, Canada, France, French Guiana, French Polynesia, Guadeloupe, Guam, Hungary, Martinique, New Caledonia, Reunion, Saint Barthelemy, Saint Martin (French), Saint Pierre and Miquelon, East Timor, United States of America, Wallis and Futuna, Italy, Spain, the Netherlands, Denmark, Israel, Belgium, Thailand and the United Kingdom.)