Formerly called LuckyLottos.com, Lotto247 is an online betting site. There, that’s everything you need to know about it!
Just kidding, we’re just getting started with a comprehensive Lotto247 review that will make it clear exactly what you can expect from the platform and the Lotto247 app.
For a start, it’s a bit difficult to understand what Lotto247 is all about. That’s because the platform itself doesn’t make that clear. If you dig through the terms and conditions (much like we did, however), you will discover that it switches between a lottery betting website and an online lottery agency. Yes, the hybrid approach is innovative, but it can get confusing.
So, are you buying lottery tickets for international games that will allow you to claim actual prizes from the particular game? Let’s try to answer these questions in the following Lotto 247 review.
Games at Lotto 247
Currently, Lotto247 lottery offers players access to 12 of the world’s most popular games – El Gordo, Euro Jackpot, Euromillions, France Lotto, SuperEnalotto, the UK Lottery, La Primitiva, Lotto 6aus49, Mega Millions, Mega Sena, Oz Lotto, and Powerball.
When you check out the terms and conditions, you will come across the following gem: “the company will conclude the purchase of lottery game entries at your request; alternatively, the company will accept a bet provided that you satisfy the terms of this agreement.”
So, the confusion gets even bigger because players at this stage have no idea if they’re buying lottery tickets or betting against the results.
Before digging deeper into the confusion stemming from the prize categories and everything else about the gameplay methodology, let’s check out how much entries cost.
A single SuperEnalotto ticket in Italy is going to cost you one euro. If you buy an entry via Lotto247, the sum you’ll need to spend is going to be 1.99 euros. That’s a massive markup that makes the ticket buying not the most affordable opportunity on the planet.
How are Lotto 247 Prizes Paid?
Lotto247.com split up what you win into three categories. Category A refers to the jackpot. Category B refers to the top prize non-jackpot. Category C refers to the rest of the fixed amount winnings.
Winning in Category A and Category B depends on how many winners there are. If your bet wins the jackpot and there are no winners in the official lottery draw, then you get the amount posted by the official lottery draw. If there are winners in Lotto247.com and the official draw, then each winner is considered a share, and the jackpot is divided and paid out against the share.
The small print here got the team going around in circles, however.
First, Lotto247.com says they pay out the same as what is posted in the official lottery draw. Then they get into some mumbo jumbo about the payout of Mega Millions and Powerball, saying that winners will be paid 60 percent of winnings in Category A if you’re going to get the lump sum (instead of an annuity) less of a percentage of the lump sum amount. This is to put you in the same “economic position” as if you’d played the real lottery.
Lotto247.com says they’ll pay out your winnings within ten working days of when they get the money either from the official lottery or the insurance company (yes, there’s an insurance company involved in the entire ordeal, as well!).
They do add that there could be other delays due to a security review of your identity. There is also something about 30 days to process upon notification you’ve won. If you want to take money out of your account, there is a minimum payment threshold of 10 euro that will have to be met. There are no charges for taking your money. But your account might not have as much as you think as the company has the right to pay out any jackpot in an annuity “over a reasonable period of time.”
Who Can Play at Lotto247.com
Lotto247.com doesn’t list who can play but who can’t. You can’t play here if you are located in Curaçao, France, the Netherlands, and the United States.
Players need to be over the age of 18 to participate.
Lotto247 is quite popular among Indian players who have very limited access to betting opportunities. This is why it’s often being called Lotto247 India (even though the platform doesn’t operate from that part of the world).
Who Is Behind the Lotto247 App?
Before moving on to do a Lotto247 app download, let’s also talk about the entity behind this gaming opportunity.
Lotto247 is owned and operated by Secure View Services Ltd. that is based in Cyprus.
There are business registration and filing entries online; hence we can conclude that the company is legit, and it’s adhering to Cyprus regulations for corporate entities.
If you want to get in touch with them, however, good luck!
Live chat is available online during work hours. There’s no phone number listed for customer support. Instead, you will have to provide your number and wait for the team to get back to you.
Additional Bits and Pieces
There are sign up bonuses and free offers for new players, which is one of the reasons why Lotto247 appeals to so many people. One of the free signup opportunities is one Powerball gameplay opportunity, which is a nice way to welcome new players.
Going through reviews, we did not come across information about any big Lotto247 winners. Although the platform’s official website lists the names and pictures of people who have supposedly won, there’s absolutely no opportunity to verify their identifies or the respective amounts.
A final thing you should understand is that Lotto247 has an affiliate program.
This means that those who advertise the platform and get people to sign up will receive a commission. Hence, many of the positive Lotto247 reviews appear to be fake and created for the sole purpose of promotion.
Lotto247 Real or Fake: Bottom Line
With so many opportunities to buy lottery tickets for international games legitimately, Lotto247 doesn’t stand out. A platform that cannot state what it has to offer is most certainly not worthy of your trust.
Still, let’s summarize the pros and cons of this opportunity:
A good selection of international lotteries available
Sign up bonuses, and other perks are available
Players can benefit from multiple opportunities to fund their account and withdraw prizes
Mobile apps for Android and iOS devices are available
Confusing winning structure
It’s not clear whether this is a betting website or a ticket-buying website
If you want to benefit from the welcome bonuses, you can go ahead and register for an account. Based on all available information, however, Lotto247 isn’t a standout in terms of simplicity or benefits for long-term members.