Jumbo Ticket Review: Unlicensed crypto lottery fraud
Jumbo Ticket fails to provide ownership or executive information on its website.
Jumbo Ticket’s website domain (“jumboticket.network”), was privately registered on February 27th, 2021. Jumbo Ticket’s current website appears to have gone live sometime in 2022.
In an attempt to appear legitimate, Jumbo Ticket provides a corporate address in the British Virgin Islands.
This is an immediate red flag. BVI is a tax haven frequently used by scammers to set up shell companies in.
Of note is Jumbo Ticket’s official FaceBook page being managed from India:
While not definitive, this suggests Jumbo Ticket is being run out of India.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Jumbo Ticket’s Products
Jumbo Ticket has no retailable products or services.
Affiliates are only able to market Jumbo Ticket affiliate membership itself.
Jumbo Ticket’s Compensation Plan
Jumbo Ticket affiliates purchase lottery ticket packages. Note that although USD amounts are quoted, Jumbo Ticket operates in cryptocurrency only.
- Beginner Package – $10 to $49 with a 20% bonus investment amount
- Amateur Package – $50 to $99 with a 30% bonus investment amount
- Semi-Pro Package – $100 to $499 with a 40% bonus investment amount
- Professional Package – $500 to $999 with a 50% bonus investment amount
- Veteran Package – $1000 to $2999 with a 60% bonus investment amount
- Executive Package – $3000 to $4999 with a 70% bonus investment amount
- Legendary Package – $5000 to $9999 with an 80% bonus investment amount
- Ace Package – $10,000 to $24,999 with a 90% bonus investment amount
- Champion’s Package – $25,000 or more with a 100% bonus investment amount
Bonus amounts must be used to purchase lottery tickets or fund ticket purchases for recruited affiliates.
Jumbo Ticket provides access to three internal lotteries:
Jumbo Ticket affiliate membership provides access to three unlicensed (illegal) internal lotteries:
- Mega Jackpot – tickets cost $10 and winner receives $100,000, second place pays $5000, third to fifth place pays $1000 and sixth to twentieth place pays $100
- Royal Jackpot – tickets cost $50 and winner receives $500,000, second place pays $10,000, third to fifth place pays $25000 and sixth to twentieth place pays $300
- Jumbo Jackpot – tickets cost $100 and winner receives $1,000,000, second place pays $20,000, third to fifth place pays $5000 and sixth to thirtieth place pays $500
Scheduling details about Jumbo Ticket’s internal lotteries are not disclosed.
The MLM side of Jumbo Ticket pays on recruitment of affiliate investors.
Referral Commissions
Jumbo Ticket pays a 10% commission on cryptocurrency invested by personally recruited affiliates.
Residual Commissions
Jumbo Ticket pays residual commissions via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.
At the end of each day Jumbo Ticket tallies up new investment volume on both sides of the binary team.
Residual commissions are paid as 10% of new investment on the weaker binary team side.
Once paid out on, investment volume is matched against the stronger binary team side and flushed.
Leftover volume on the stronger binary team side carries over.
Joining Jumbo Ticket
Jumbo Ticket affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $50 lottery ticket package purchase.
Jumbo Ticket Conclusion
Jumbo Ticket presents itself as a “secure online lottery platform”. Jumbo Ticket claims it uses “secure RNG servers and a provably fair system”.
This is at odds with Jumbo Ticket’s staged draw events, which definitely don’t use “RNG servers”.
I don’t have any names but the lead actors in these videos appear to be from South America.
Jumbo Ticket’s YouTube channel is full of Fiverr style testimonials and stock footage marketing videos.
Lotteries are heavily regulated around the world and, as you might have guessed, Jumbo Ticket isn’t registered anywhere.
This puts a big question mark on the legitimacy of Jumbo Ticket’s lotteries.
Outside of Jumbo Ticket’s lotteries being unlicensed, Jumbo Ticket operating through a BVI shell company, selling lottery tickets in cryptocurrency and being run by anonymous individuals lends itself to the lotteries themselves being fraudulent.
Meanwhile with nothing marketed or sold to retail customers, the MLM side of Jumbo Ticket operates as a pyramid scheme.
At best with Jumbo Ticket you have scammers running an illegal lottery that could disappear at any time.
At worst everything about Jumbo Ticket is fake and they’re just keeping everything spent on fictional lottery tickets.
That consumers have no way of verifying anything to do with Jumbo Ticket’s purported lotteries is reason enough to stay clear.
Jumbo Ticket is a 100% Real platform with Real People & Live Draw Jackpot
Please don’t mislead people, you’re a true reviewer I follow you always but this time you’re doing wrong Jumbo Ticket.
Classic “everybody loves BehindMLM… until we review your scam.”
Feel free to name the “real people” behind Jumbo Ticket and provide gaming licenses for your jurisdiction.
Failing which obvious gaming fraud is obvious. And there’s no legitimate reason for an MLM company to be committing fraud.