{"id":89191,"date":"2018-09-28T06:40:44","date_gmt":"2018-09-28T13:40:44","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=89191"},"modified":"2018-10-01T11:35:13","modified_gmt":"2018-10-01T18:35:13","slug":"cleaning-lady-wins-world-record-online-gambling-payout-at-lottoland","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/cleaning-lady-wins-world-record-online-gambling-payout-at-lottoland\/","title":{"rendered":"Cleaning Lady Cleans Up with $103 Million World-Record Online Gambling Payout"},"content":{"rendered":"

A German cleaning lady has claimed the largest ever online gambling payout — \u20ac90 million ($103 million) — an achievement confirmed this week by officials from the The Guinness Book of World Records. <\/em><\/p>\n

\"Lottoland
Lottoland CEO Nigel Birrell believes his company\u2019s place in the Guinness Book of World Records<\/em> a vindicates a business model that has been attacked over the past year by governments and traditional lottery operators. (Image: Lottoland)<\/figcaption><\/figure>\n

The happy hausfrau — known only as \u201cChristina\u201d — hit the jackpot when she placed a bet on the Eurojackpot draw on \u201csecondary lottery\u201d gambling site Lottoland.<\/p>\n

Christina told the Lottoland website she immediately sacked off her backbreaking career scrubbing dirty floors and now plans to travel the world. The German taxman will be equally delighted, claiming 5 percent of the windfall, or \u20ac4.5 million.<\/p>\n

Rubberstamping the record was Guinness World Records official adjudicator Sofia Greenacre.<\/p>\n

“I’m pleased to confirm that Lottoland did indeed manage to set a new Guinness World Records title for the largest online gambling pay-out, which now stands at an incredible \u20ac90,000,000,\u201d she told the Daily Mirror<\/em> on Thursday, clipboard in hand.<\/p>\n

Vindication of Lottoland Model<\/strong><\/h2>\n

In fact, Christina\u2019s win smashed the record by some margin. The previous holder was a \u00a313.2 million ($17.2 million) jackpot won on Microgaming\u2019s Mega Moolah<\/a> progressive slot in October 2015 \u2013- although it\u2019s worth mentioning the Mega Moolah progressive jackpot passed the $23 million mark this week for the first time in its history.<\/p>\n

Mega Moolah still holds the world record for the biggest-ever online slot payout, but these days it\u2019s difficult for an online casino to compete with the kind of payouts offered by a secondary lottery. Lottoland CEO Nigel Birrell said this week the Guinness accolade represented a confirmation of his business model.<\/p>\n

\n

It\u2019s a business model that has taken a bruising in certain jurisdictions recently \u2013- especially in Australia where politicians are trying to ban it<\/a> at the behest of oligarchical lottery companies. But how does it work and how are secondary lotteries able to offer such nosebleed prizes when they lack the player liquidity of traditional lotteries?<\/p>\n<\/div>\n

Disruptive Threat<\/strong><\/h2>\n

The answer is insurance. Lottoland uses an insurance model called \u201cinsurance linked securities\u201d — a policy more commonly taken out by national governments to guard against unlikely but catastrophic and expensive events, like earthquakes — only, Lottoland\u2019s policy protects it against lottery jackpots.<\/p>\n

It\u2019s a model that has ruffled feathers, which may be why it has been dubbed \u201cthe Uber of lotteries\u201d — because it poses the same kind of disruptive threat as the notorious digital taxi service.<\/p>\n

Lottoland — and others like it — offer prizes that are taking online gambling payouts to another level, and now it has an entry in the Guinness Book of World Records<\/em> to prove it.<\/p>\n","protected":false},"excerpt":{"rendered":"

A German cleaning lady has claimed the largest ever online gambling payout — \u20ac90 million ($103 million) — an achievement confirmed this week by officials from the The Guinness Book of World Records. The happy hausfrau — known only as \u201cChristina\u201d — hit the jackpot when she placed a bet on the Eurojackpot draw on […]<\/p>\n","protected":false},"author":36,"featured_media":89196,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19,13699,16693],"tags":[],"acf":[],"yoast_head":"\nCleaning Lady Wins World-Record Online Gambling Payout at Lottoland<\/title>\n<meta name=\"description\" content=\"Lottoland makes the Guinness Book of World Records for awarding the biggest online gambling payout in the history of the industry.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cleaning Lady Wins World-Record Online Gambling Payout at Lottoland\" \/>\n<meta property=\"og:description\" content=\"Lottoland makes the Guinness Book of World Records for awarding the biggest online gambling payout in the history of the industry.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/cleaning-lady-wins-world-record-online-gambling-payout-at-lottoland\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-28T13:40:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-10-01T18:35:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/09\/nige.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1624\" \/>\n\t<meta property=\"og:image:height\" content=\"1083\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Philip Conneller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgphilc\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Philip Conneller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/cleaning-lady-wins-world-record-online-gambling-payout-at-lottoland\/\",\"url\":\"https:\/\/www.casino.org\/news\/cleaning-lady-wins-world-record-online-gambling-payout-at-lottoland\/\",\"name\":\"Cleaning Lady Wins World-Record Online Gambling Payout at Lottoland\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/cleaning-lady-wins-world-record-online-gambling-payout-at-lottoland\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/cleaning-lady-wins-world-record-online-gambling-payout-at-lottoland\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/09\/nige.jpg\",\"datePublished\":\"2018-09-28T13:40:44+00:00\",\"dateModified\":\"2018-10-01T18:35:13+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\"},\"description\":\"Lottoland makes the Guinness Book of World Records for awarding the biggest online gambling payout in the history of the industry.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/cleaning-lady-wins-world-record-online-gambling-payout-at-lottoland\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/cleaning-lady-wins-world-record-online-gambling-payout-at-lottoland\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/cleaning-lady-wins-world-record-online-gambling-payout-at-lottoland\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/09\/nige.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/09\/nige.jpg\",\"width\":1624,\"height\":1083,\"caption\":\"Lottoland CEO Nigel Birrell believes his company\u2019s place in the Guinness Book of World Records a vindicates a business model that has been attacked over the past year by governments and traditional lottery operators. 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