Illinois Lottery Paying IOUs to Winners Over $600
Some are fond of the phrase, "gambling is a tax on people who are bad at math." While it's true that the house makes a profit, and therefore "always wins," the fact is that now and then someone has to win or else people won't play anymore. There are many ways to gamble, from scratch-off and lottery tickets to slot machines and skill-based games like poker, as well as betting on sports events. The latter games aren't legal everywhere, with the local governments preferring to have an exclusive monopoly over gambling. Although Illinois has some legal casinos, they are dwarfed in comparison to....
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Launching Sure-Win Games! A set of 10 new raffles with guaranteed wins of up to €25,000. Get paid in BTC or BCH! Guaranteed Winners on Every Draw Bitcoin.com partnered with Bravio Tech earlier this year to bring you the first blockchain-powered lottery platform. Bitcoin.com Lottery has since been very popular among players who want to access many of the leading global lotteries from anywhere in the world. Nearly 20% of all tickets sold on the platform have resulted in winners taking home a handsome payout in BTC or BCH.The premium lottery platform from Bitcoin.com is also the first....
Some winners purchased additional digital yuan during the pilot. The vast majority of China’s $1.5 million digital yuan lottery winners have received and spent their “red packets” of digital yuan.As of Oct. 18, a total of 47,573 out of 50,000 lottery winners in China have received their prizes, Shenzhen authorities officially announced on Sunday. According to the announcement, the winners conducted a total of 62,788 transactions accounting for 8.8 million yuan ($1.3 million). This amount represents about 88% of the total 10 million yuan ($1.5 million) that was to be distributed in the....
As part of government efforts to get the digital yuan going, authorities in Shanghai will distribute $3 million worth of the central bank-issued currency among residents of Shanghai. The digital money will be dispersed through a lottery, a method that has already been implemented elsewhere in China. Lottery Winners to Get 350,000 Digital Red Envelopes The city of Shanghai is going to hand out 19.25 million yuan in digital currency, or around $3 million. The money will be distributed among local consumers through a lottery system, the state-run Xinhua news agency reported quoting the....
Winners of the city's lottery will have 10 days to spend their gifted digital currency, at any of 10,000 supported merchants. Programs to pilot and encourage widespread adoption of China's central bank digital currency, known as DC/EP or the digital yuan, are continuing apace. As a New Year's offering, the city of Shenzhen is offering its residents the option to register to take part in a municipal lottery, as of Jan. 1, with registrations closing this morning, Jan. 4, at 10 a.m. local time. Those interested were able to sign up for the lottery using the iShenzhen event registration....
The state-sponsored lottery is often referred to as a “tax on the poor” or an “idiot tax,” depending on who you ask. The lotto can be seen as one of the few ways to move up on the socioeconomic ladder for the poor. Meanwhile, cryptocurrency such as Bitcoin are leveling the playing field by offering not just much better odds at becoming richer, but also....