PancakeSwap's Lottery is not only a good way to make stacks of CAKE, it's also loads of fun! This guide will walk you through getting involved in the Lottery.
{% hint style="info" %} The Lottery has changed a little since its first iteration. Lottery v2 lets you win more often, have some control over your tickets, and has more potential for huge CAKE jackpots to get your mouth watering. Learn more about PancakeSwap Lottery v2 here. {% endhint %}
Not all Lottery rounds are equal. When a lottery jackpot isn't won, the next round's prize pool will increase; the longer it's been since someone has won the jackpot, the larger the Lottery prize pool will be.
The longer a round is open, the more people can buy a ticket. Each ticket sold increases the prize pool further. Here's how to check the current round's prize pool and remaining time.
1. Visit the PancakeSwap Lottery page and look at the top of the page. You'll see the current round's prize pool shown in (estimated) US dollar value.
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This is the amount to be shared between all winners.
2. A little lower down the page you'll find the remaining time before the current round is drawn.
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Remember, a lot can change in the remaining time. Many more tickets may be sold. Each sold ticket both increases the prize pool, and lowers the odds of an individual ticket winning.
If you're unsure, you can always wait until later into the round to decide with more information. Just don't wait too long and miss out!
Buying tickets is easy.
You just need a little CAKE though: each ticket costs approximately $5 USD (the exact CAKE price is set at the start of the round).
You can choose to either randomize your lottery ticket numbers, or to choose your ticket numbers manually. Choose between the randomized numbers and manual numbers tabs below for a guide to each method.
{% tabs %} {% tab title="Randomized ticket numbers" %}
1. On the PancakeSwap Lottery page, click the Buy Tickets button at the top of the page (there's another lower on the page also).
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There is a time between rounds where purchasing tickets isn't possible. Just check back after the countdown if that's the case.
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2. A window will open letting you choose how many ticket to buy. Type how many tickets you'd like to buy into the field. You can also use the preset buttons underneath.
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3. Before you continue, it's worth considering the bulk purchase discounts. The more tickets you buy, the greater the discount.
The discount starts at 2 tickets, and scales all the way to 100 tickets where you will save almost 5% on your purchase (4.95%).
4. When you're happy with the number of tickets you want to buy, click Confirm and confirm your action in your wallet.
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{% endtab %}
{% tab title="Manual ticket numbers" %}
1. On the PancakeSwap Lottery page, click the Buy Tickets button at the top of the page (there's another lower on the page also).
There is a time between rounds where purchasing tickets isn't possible. Just check back after the countdown if that's the case.
2. A window will open letting you choose how many ticket to buy. Type how many tickets you'd like to buy into the field. You can also use the preset buttons underneath.
3. Before you continue, it's worth considering the bulk purchase discounts. The more tickets you buy, the greater the discount.
The discount starts at 2 tickets, and scales all the way to 100 tickets where you will save almost 5% on your purchase.
4. To customize the numbers on your tickets, click the View/Edit Numbers button.
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5. A new window will open showing your tickets. Click onto a number for any ticket to change the number in that position.
You can randomize your numbers again by clicking Randomize, or go back if you change your mind by clicking Go back.
You'll get a warning if you create duplicate tickets. It's possible your duplicate tickets will win. In this case your tickets will share in the prize pool for their bracket.
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6. When you're happy with your numbers, click the Confirm and buy button.
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Confirm the action in your wallet. {% endtab %} {% endtabs %}
You can view your tickets after buying them before the round's numbers are drawn.
1. Click View Your Tickets in the "Next Draw" area of the Lottery page.
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2. A window will open showing all of your tickets and their numbers. It'll also give you the option to buy more tickets if you'd like.
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When the round has ended and the winning numbers are available, you can check your tickets to see if you won.
You can view your winning tickets in the same way you viewed your tickets after buying them.
1. Click View Your Tickets in the "Finished Rounds" area of the Lottery page.
2. A window will open showing the winning numbers and all of your tickets and their numbers.\