First Bitcoin Capital Corp becomes the first publicly traded company to participate in a lottery starting with the yet-to-be won $1.5 billion Powerball jackpot.
SAN JUAN, PUERTO RICO / ACCESSWIRE / November 4, 2022 / FIRST BITCOIN CAPITAL CORP (OTC PINK:BITCF) (the “Company”), a prolific generator of more than 100 unique cryptocurrencies and developer of blockchain-powered technologies, announced today that BITCF, through its subsidiary PowerBULL LLC, has become the first publicly traded company to invest in a lottery , where most of the winnings (should there be a significant amount) are distributed pro rata to all BITCF shareholders.
The current Powerball jackpot jumped to $1.5 billion, the second largest in US history after no one won the 39th straight drawing. The new $1.5 billion prize is actually for winners who choose an annuity, paid annually over 29 years. Almost all winners usually opt for the cash, which for Saturday’s drawing will be $745.9 million. To win the grand prize, a ticket holder must match the numbers of five white balls as well as the red Powerball.
The next Powerball drawing will take place on Saturday, November 5, 2022, at 10:59 PM EDT, where the winner can choose to be paid $1.5 billion over 29 years or take home the immediate cash prize valued at $745.9 million.
Powerball is played in 45 states, as well as Washington, DC, Puerto Rico and the US Virgin Islands.
An example of some of the potentially winning Powerball lottery numbers we have purchased are:
05 08 28 46 66 POWERBALL 04
25 41 42 54 65 POWERBALL 1 0
02 26 53 55 68 POWERBLL 02
About the Powerball Lottery
It’s America’s Game! Since 1992, POWERBALL® has inspired the country with a chance to become a millionaire, while raising $27 billion for good causes supported by lotteries. Powerball set a world record jackpot of $1.586 billion in January 2016. The record prize was shared by winners in California, Florida and Tennessee. On August 23, 2021, Powerball launched a new Monday drawing, expanding the weekly selection of Powerball drawings to three nights a week: Monday, Wednesday and Saturday. In addition, a new add-on feature called Double Play® was launched that gives players in select jurisdictions a second chance to match their Powerball numbers in a separate drawing with a top cash prize of $10 million. Powerball tickets cost $2 per game. Tickets are sold in 45 states, the District of Columbia, Puerto Rico and the US Virgin Islands. More than half of all proceeds from the sale of a Powerball ticket remain in the jurisdiction where the ticket was sold. Drawings are sent directly every Monday, Wednesday and Saturday at 10:59 PM ET from the Florida Lottery draw studio in Tallahassee. Drawings are also broadcast live on Powerball.com. The Powerball jackpot grows until it is won. Players choose five numbers from 1 to 69; and one Powerball number from 1 to 26. Players can multiply non-jackpot prizes by 2, 3, 4, 5 or 10 times with the Power Play® option for an additional $1 per play. NOTE: The Match 5 + Power Play prize is always $2 million. The 10X multiplier is only in play when the announced jackpot is $150 million or less. Players can play their Powerball numbers again in the Double Play drawing for an additional $1 per play. The Double Play drawing is held after each Powerball drawing on Monday, Wednesday and Saturday. Double Play is available for purchase in 13 jurisdictions. Winners of the Powerball jackpots can choose to receive the prize as an annuity, paid in 30 graduated payments over 29 years, or a lump sum. Both advertised prize options are before federal and jurisdictional taxes. The overall odds of winning a prize are 1 in 24.9. The odds of winning the jackpot are 1 in 292.2 million.
About PowerBULL LLC
PowerBULL LLC, the designated lottery pool manager for BITCF, specializes in purchasing tickets involving the world’s largest potential payouts that have climbed to over $1,000,000,000 (one billion US dollars) on more than one occasion. The average person buying a ticket or a handful of tickets pales in comparison to the power of a company to acquire thousands of tickets from each major lottery event, and over time the odds of winning increase proportionally.
There are lottery pools that provide collective purchases, but there has (as far as we know) never been a publicly owned company that buys lottery tickets for the benefit of all its shareholders. Our plan is to use any profits (if any) to distribute at least 50% of the profits pro rata to our shareholders and use the balance for additional ticket purchases and other potentially profitable business endeavors that management believes can enrich our shareholders. This may be the first time in history that instead of ending up with a ticket that is worth nothing, acquiring a share of stock through any private or public offering we conduct or off the stock market (OTC Stock Symbol: BITCF), it is continued value in that proportion even if our purchased tickets do not provide any payment. The size of the lottery market is staggering with each American adult spending an average of $1,000 per year on lotteries and this is a worldwide spending habit. First Bitcoin will make the purchase of tickets transparent so that every shareholder can follow the process and perhaps be the first to discover that the company they own shares in – hits the Powerball or other jackpot. People have been playing the lottery for hundreds of years. Today, lotteries are the fastest growing sector of online gambling and generate billions of dollars in revenue for companies and governments worldwide. Despite this tremendous growth, lottery games are plagued with problems. The lack of transparency results in rigged jackpots and fraud scandals on a large scale, especially in non-government controlled lotteries. in addition, the odds of winning a lotto jackpot are not particularly good, and the restrictions of the current government and private lotteries turn away a large number of players as fairness is difficult to demonstrate even for licensed and authorized lotteries. Since the introduction of the Big Lottery, software and protocols for determining lottery winners in the most fair way possible have become increasingly sophisticated. However, none of the existing solutions have succeeded in solving the major problems currently facing the lottery industry worldwide. Large lotteries such as EuroMillions offer a significant advantage, which is also due to the digital and technical development of recent years: the possibility of playing the lottery on the internet across national borders. Now blockchain technology opens the door to fairer, safer and more transparent lottery platforms that can revolutionize the industry. The online gaming sector and the demographic trends of lottery players are changing rapidly. BITCF plans to develop an autonomous decentralized game with a high level of participants’ winnings, transparency and security, and global access to fair lottery games using a unique blockchain as the next logical step in the development of lotteries.
PowerBULL LLC is not affiliated with the Multi-State Lottery Association or any state lottery. The contents of this press release are not endorsed or approved by MUSL or any other state lottery organization.
About First Bitcoin Capital Corp.
First Bitcoin Capital Corp (OTC: BITCF) began developing digital currencies and proprietary blockchain technologies in early 2014. We saw this step as a tremendous opportunity to create additional shareholder value by leveraging management’s experience in developing and managing complex and evolving blockchain technologies of new types of digital assets. As the first publicly traded cryptocurrency and blockchain-centric company, we provide our shareholders with diversified exposure to digital cryptocurrencies and blockchain technologies.
First Bitcoin plans to disrupt the $300+ billion worldwide lottery market. Our mission is to improve the lottery industry and thus transform it by adding decentralization to enable lotteries on the blockchain. By changing the way lotteries are administered and monitored by relevant government agencies and how participants purchase tickets. First Bitcoin will develop a global blockchain platform built on the blockchain that connects lottery players, lottery pools, lottery providers, government agencies and charities. First Bitcoin’s goal is to become the leading lottery platform on the blockchain, allowing worldwide companies, charities and individuals to connect with players through the most recognized and recognized technology. We want to bring a social aspect to the lottery industry by becoming the first listed lottery player pool that will distribute winnings as quarterly dividends to shareholders and add a social aspect to lottery game participation. We will build a pioneering worldwide blockchain-powered lottery platform that ensures secure global money transfer, real-time monitoring of prize allocation, transparent lottery offers and results on the blockchain. Through the use of AI and machine learning, we can analyze all customer lifetime value data and do intelligent customer acquisition and monitor AML and KYC of the players.
Contact us via: [email protected] or visit www.firstbitcoin.io
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Forward-looking statements
Certain statements in this press release may constitute “forward-looking statements.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors that may be disclosed in the Company’s filings. In addition to these factors, actual future performance, results and outcomes may differ materially due to more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions and changes in government and public policies. The forward-looking statements included in this press release represent the company’s views as of the date of this press release, and those views are subject to change. Although the Company may choose to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are described in the company’s websites and registrations.
SOURCE: First Bitcoin Capital Corp.
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