XOTTO is a blockchain lottery that uses the Ethereum blockchain to make it transparent and fair from the player’s perspective. Players are able to purchase a ticket anonymously and can use their digital wallets to receive their winnings automatically, without the need to claim their prizes manually. It’s important to note that the prize money is delivered through smart contracts, meaning that anyone who has access to the Ethereum blockchain can search and find information about the results of each draw.
The HKJC is the official operator of this lotto and it ranks as one of Hong Kong’s oldest non-profit organizations. It was founded in 1884 and is responsible for horse racing, betting, and lotteries in the country. The HKJC’s goal is to generate funds for charitable causes.
To play the lottery, a punter must select six numbers from a pool of 49. If all six numbers are drawn, the punter wins the first prize. There are other prize divisions as well, and the lottery is a popular way to earn money in the country.
However, some people are skeptical about the initiative. Despite the fact that mandatory quarantine on arrival was dropped last year, and Hong Kong’s borders with China and Macau reopened in January, tourism has been slow to recover. Some believe that the free air tickets will only attract a limited number of travelers and will not have a significant impact on the economy. Others argue that it will at least give a boost to local hotels, restaurants, and transportation services.