The fun Billionario game is run rather like a raffle and has a proper license issued by Malta's Lotteries and Gaming Authority.
The way in which the Billionairio game works is that the prize money is generated through the sale of tickets. Each ticket that is bought funds the prize pool with another €16.60. The sale of 75 million tickets creates a first prize of €1 billion and puts aside €240.5 million for more than 1,200 other prizes. In the case that not all the tickets are to be sold, then the amount of the grand prize would be altered accordingly.
Tickets may be purchased only online at the Billionairio official website. It should be noted that tickets may not be purchased offline or at any other website. In order to participate, a player first must register and then purchase tickets at the Billionairio site. The draw itself takes place offline, while results are published on the game site. Upon purchasing a ticket, a player may choose to buy a ticket with the numbers assigned or may choose a number combination out of those available for the particular series concerned. It should also be noted that each ticket has more than one chance to win. A ticket takes part in 5 separate draws that is a draw for €1,000; for €10,000, €1 million and €10 million. In addition the ticket will participate in the draw for the grand prize of €1 billion. For the first 200,000 tickets sold, a ticket will participate in four draws. Each series contains a possible 75 million tickets. The particular series is closed when all 75 million tickets have been sold or after the completion of 12 months from the opening of the series, whichever occurs first. Full game details including information regarding licensing and terms and conditions are specified on the Billionairio site.
The Billionairio draw takes place at an offline venue and is based on major stock market indices. At this game the first prize is determined according to the ticket number where 8 digits match the sequence which is set in advance and placed in the safe keeping of the management consulting firm. The sequence of the winning number itself for each draw is determined according to the closing value of 8 major global stock exchanges. In order to win, the ticket number must be an exact match with the winning number drawn for each respective series of numbers. It should be noted that as a winner is determined by the matching of numbers with a ticket, there is only one winner for each particular prize and these winnings therefore do not have to be shared with others.
Billionairio boasts an aim of providing players with an opportunity to win €1 billion and in addition offers the chance to win other large prizes. Billionairio maintains that the odds for winning in this game are much greater than in a regular lottery game.
