Press Releases

LOTTOLAND PAYS OUT WORLD RECORD €90 MILLION THROUGH ITS INDUSTRY LEADING INSURANCE MODEL

  • This is the biggest online win to have ever been paid by a gaming company
  • Lottoland pays out major wins through its insurance company Fortuna Insurance
  • Lottoland is the first and only company in the gaming sector to have established its own insurance company

Leading online lotto operator, Lottoland, has announced that a lucky winner in Germany scooped Friday’s (1st June 2018) EuroJackpot top prize of €90 million, which is the equivalent to £79 million.

This win is the largest prize pay-out for any online gambling company in the world, and the biggest pay-out for Lottoland in its five-year history.

The prize funds will be paid out through Lottoland’s industry leading insurance model, where its subsidiary, Fortuna PCC, uses a series of financial instruments including Insurance Linked Securities and collateralised re-insurance to guarantee top prizes.

Fortuna was established in September last year, and is regulated by Financial Services Commission (FSC) in Gibraltar and EIOPA (European Insurance and Occupational Pensions Authority).

Lottoland is the only gaming company to have established its own insurance company – holding itself up to the highest standard with regards to industry best practice and transparency.

Lottoland’s tried and tested risk management structure has already made several multi-millionaires, but this record breaking win eclipses them all.

The winner Christina, a 36-year-old cleaner from Berlin, had put a bet on the EuroJackpot jackpot via her mobile. Her mother chose the five lucky numbers (14, 19, 21, 30, 32) and the two Euro numbers (4 and 7) which matched and bagged her this record breaking win.

She must be one of the luckiest Lottoland players on record as she only registered on her mobile two weeks ago, won €8.60 on her first bet and then the life changing jackpot the following week.

On her big win, she said “I’ve always wanted to travel and visit new countries and places – the USA has always been at the top of my list and now I can plan a trip from the East to the West coast in a camper van. I can’t wait!”

Lottoland CEO Nigel Birrell called the win a ‘landmark’ moment for the online gaming industry: “More and more players from around the world are waking up to the fact that they can bet on the biggest jackpots the world has to offer at Lottoland.”

“This record €90 million win is a break-through moment both for our business and the industry as a whole, as it is the largest jackpot pay-out ever across the online gaming and lotto industry. We look forward to breaking more records in the future.”

Lottoland allows players to bet on the world’s biggest lotteries, with the opportunity to win the same prizes – including the jackpot. Major draws available at Lottoland include US PowerBall and US MegaMillions, EuroMillionaire, Spain’s El Gordo and many more from Europe and across the globe.

Other gaming operators can also benefit from Lottoland’s unique lottery insurance solution thanks to Lottoland’s B2B arm Lottoland Solutions. Lottoland Solutions, which guarantees pay outs on all winnings while also offering a lottery betting interface that is easy to integrate into existing websites.

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For any media enquiries, please contact:

Laura Pearson, Head of Corporate Affairs at [email protected] or Front Door Communications on [email protected]

 

Notes to editors:

 

About Lottoland

Lottoland has grown rapidly to become a world leader in online lotto. Innovation, coupled with the freedom to offer players a unique and enhanced lottery experience, has been key to the company’s success.

The Gibraltar-based business is active in 13 markets, has over 350 employees, and more than 8 million customers worldwide. Lottoland is licensed and regulated by the Government of Gibraltar, the UK Gambling Commission, the Republic of Ireland National Excise License Office, the Agenzia delle Dogane e dei Monopoli in Italy and the Northern Territory’s Racing Commission in Australia.

 

About EuroJackpot

The EuroJackpot is Europe’s second most popular lottery draw, with odds much better than EuroMillions or most national lottery’s draws. It takes place every Friday night in Helsinki and you can bet on the outcome of the draw with Lottoland. Choose 5 numbers from 1-50 and 2 further numbers from 1-10.

 

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