BitDraw
A monthly lottery where one winner was be chosen at the end of the month. The winner earns 80% of the amounts wagered.
The site was announced on February 20th, 2011[1]. The first and last draw was on March 4th, 2011[2]
Criticism
Thought the site's instructions say the winnner will be chosen by a random number generator, there is no independent verification that this in fact is what occurs. The operator keeps 10% of the amounts wagered, and another 10% goes to a charity that has not been identified. Returns of 80% or 90% even might not be considered to be competitive for an online lottery.
External Links
- BitDraw web site