Online Lottery in South Korea
According to online lotto news sites in South Korea, the lottery appeared in South Korea in 1948 in order to help fund the country’s participation in the Summer Olympics in London. But the first official lotto was issued in 1969, the House of Lotto. And in 1983, the Olympic Lottery became the national lottery, upon the organization of the Asian Games and the Olympics in Seoul.
From 2007, the Nanum Lotto Inc. became the sole provider for all sorts of lotto games in the country, but the Dong Hang Lottery has since been granted permission to operate the National Lottery. Additionally, players can also access online lotto sites in South Korea.
|Is online lottery legal in South Korea?||Yes.|
|Are lottery sites in South Korea trustworthy?||Yes.|
|Can I deposit via Neteller/PayPal/Skrill?||Yes.|
|Do online lottery sites accept KRW?||Yes.|
Online Lottery Laws in South Korea
In 2004, the Ministry of Economy and Finance established the Korean Lottery Commission under the Lottery Fund Act, which is the body responsible for licensing operators. Unlike most forms of gambling, the law allows specialized online lotto sites in the country.
Nevertheless, players are still active in looking for alternatives. As a result, they access offshore platforms that give them better opportunities, such as online lotto bonuses in South Korea and higher jackpot prizes.
Online Lottery Payment Methods in South Korea
In order to keep competing in the market, operators can only accept fully transparent money transactions. In this way, the credit and debit cards of VISA and MasterCard are usually available, but there are also alternatives that are as efficient and reliable. These include Skrill, Neteller or PayPal. For more information, consult the online lotto reviews directory in South Korea.
Online Lottery Sites Accepting KRW
As the national lottery is operated through the internet as well, it is possible to find online lottery sites accepting KRW. This means that players do not have to pay conversion fees and are able to control better their spendings.