Crypto Millions Lotto’s Sulim Malook on What Happens When Lotto Meets Bitcoin
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Crypto Millions Lotto is a digital lottery using Bitcoin. Players deposit bitcoin to play and if they win, they get paid in bitcoin. If they're lucky, the jackpot is in Bitcoin or a local currency. According to Sulim Malook, having a low cost base allows them to offer bigger jackpots. According, to Malik, this jack pot is bigger than the majority of state-run lotteries.
Crypto Millions Lotto allows people to play the numbers of 8 of the world's biggest lotteries on their website. They choose the winning numbers. The website announces the results live and informs the winners by email.
Sulim Malook is the CEO of Crypto Millions Lotto. He explains how the company adopted bitcoin as a way to buy lottery tickets and receive winnings.
Covid has put a lot of the world into recession. The traditional lottery model relies on a network of small retailers to sell tickets. People have gone online and the online lottery industry has seen a big uplift. Traditional lotteries have seen negative impact. The lifting of COVID restrictions has not impacted this sector negatively. Some people might go back to the office after Covid restrictions are lifted.
Crypto Millions Lotto has recently added six new lotteries and plans to add more. Sulim Malook is the CEO of the company. They want to offer Crypto Millions lotto in multiple languages and launch an affiliate program.
