Housekeeper wins world record for online gambling winnings in Lottoland
Posted on: September 28, 2018, 6:40 a.m.
Last update on: October 1, 2018, 11:35 a.m.
A German housekeeper has claimed the biggest online gambling payout ever paid – 90 million euros ($ 103 million) – an achievement confirmed this week by officials of the The Guinness Book of World Records.
The lucky Hausfrau – known only as ‘Christina’ – hit the jackpot when she placed a bet on the Eurojackpot draw on the Lottoland ‘secondary lottery’ gaming site.
Christina told the Lottoland website that she immediately ended her grueling career scrubbing dirty floors and now plans to travel the world. The German tax authorities will be equally delighted, claiming 5% of the windfall, or 4.5 million euros.
Guinness World Records official referee Sofia Greenacre stamped the record.
“I am delighted to confirm that Lottoland has indeed succeeded in establishing a new Guinness World Records title for the biggest online gambling payout, which now stands at an incredible € 90,000,000,” she told Daily Mirror Thursday, clipboard in hand.
The rationale for the Lottoland model
In fact, Christina’s victory broke the record by some margin. The previous holder was a £ 13.2million ($ 17.2million) jackpot won on Microgaming Mega Moolah progressive slot machine in October 2015 – although it’s worth mentioning that the Mega Moolah progressive jackpot crossed the $ 23 million mark this week for the first time in its history.
Mega Moolah still holds the world record for the biggest online slots payouts, but these days it’s hard for an online casino to compete with the kind of payouts offered by a secondary lottery. Lottoland CEO Nigel Birrell said this week that the Guinness award represents a confirmation of its business model.
It is a business model that has recently suffered bruises in some jurisdictions, particularly in Australia where politicians try to ban it at the request of oligarchic lottery companies. But how does it work and how can side lotteries offer such nosebleed prizes when they lack the player liquidity of traditional lotteries?
The answer is assurance. Lottoland uses an insurance model called “insurance-linked titles” – a policy more commonly underwritten by national governments to guard against unlikely but catastrophic and costly events, such as earthquakes – only, the Lottoland policy protects it against lottery jackpots.
He’s a ruffled feathered model, which may be why he’s been dubbed “the Uber of the lotteries” – because he poses the same kind of disruptive threat as the famous digital taxi service.
Lottoland – and others like it – offer prizes that take online gaming payouts to another level, and it now has an entry in the Guinness Book of World Records to prove it.