Players at Lolobet can expect to have their winnings paid out within 24 hours of requesting a withdrawal, assuming that no KYC verification is needed which could delay the process by a day or two.
The terms and conditions of the casino state that withdrawals of $1,000 or less would be processed within 72 hours and that payouts of higher amounts could take up to 7 days.
However, speaking to the manager of the casino, who is currently handling all withdrawal requests alone, we were assured that processing times are never longer than 24 hours. We were also told that Lolobet will aim to improve the payout times further as the company grows and more people are employed.
Currently being a white label (which basically means buying an already set up casino shell), the terms and conditions have not been edited to reflect the accurate payout times of Lolobet. This, of course, is worth criticizing.
The fastest payout methods to use at Lolobet are AstroPay, Skrill, and Bitcoin. With the former two, your winnings would be received in an instant once paid out by the casino. These are e-Wallets that don’t have any transaction time at all.
With Bitcoin, there is a short transaction time that varies depending on the current workload of the blockchain. Normally, this is not longer than two hours.
Other payout methods at Lolobet include Visa, Mastercard, and Bank Transfer, but none of these are considered fast as the transaction time is 1 – 5 bank days.
It’s important to note that Lolobet follows a closed-loop policy. This means that you can only cash out to the same payment method as you made a deposit with.
Lolobet handles withdrawal requests every day of the week, including weekends. However, as the payments team is currently limited to only one person, payouts are not processed 24/7. Especially on weekends, it can take a little bit longer to get paid compared to weekdays due to an increased volume of withdrawal requests from players. However, the would still be handled within the 24-hour timeframe.
It is possible to contact Lolobet’s customer support to ask to have your payout handled more swiftly, but there is never any guarantee that they will be able to honor the request. This would be decided on a case-by-case basis and heavily depend on the current workload of the payments team.
The games that pay out the most on average which Lolobet is offering to its players, include the following six that all have an RTP of 98% or higher:
While this is a decent selection of high paying games, one should know that Mega Joker, Monopoly Big Event, Book of 99, and Ooh Aah Dracula are missing, which are pokies with a 99% RTP.
To learn more about the casino games with the highest payout percentage and highest maximum wins, check out our article that covers the highest payout games.
Having checked the RTP in several of Lolobet's pokies, it appears that pokies from certain game providers are running at the maximum setting, while pokies from others are running at the second highest. For instance, pokies from Pragmatic Play seem to have the highest RTP setting, while pokies from Red Tiger Gaming and Push Gaming don't.
Normally, we also crosscheck the payout in pokies from NetEnt, Quickspin, and Play'n GO when reviewing casino sites in New Zealand. However, none of these providers are currently available at Lolobet.
|Possible Payout Range
|91.22% – 96.02%
|88% – 96%
|Big Bass Bonanza
|94.02% – 96.71%
|94.06% – 96.70%
|The Dog House Megaways
|94.55% – 96.55%
For the uninitiated, casino sites can often choose between different payout settings on their pokies, which are provided by the game developer. This means that one online casino could pay you more than another.
Lolobet’s welcome bonus can pay a maximum of 5 times the received bonus amount and a maximum of $120 from free spins. The welcome package is massive and consists of a bonus on the first four deposits as follows:
Lolobet’s bonus stands out as a very attractive choice compared to other fast payout casinos in New Zealand – at least so for high rollers. The bonus amounts are huge and especially the 4th deposit bonus is very valuable as it matches the deposit amount by 150%.
The wagering requirements are also comparatively low for pokies as you only have to wager the received bonus 30 times. On the other hand, a downside of the welcome bonus is that it can’t be wagered at all on live casino games.
Follow these seven steps to sign up for an account at Lolobet:
Follow these eight steps to make a deposit at Lolobet:
Follow these six steps to withdraw winnings at Lolobet:
Lolobet is a fully legal and licensed online casino that operates from Curacao and the United Kingdom, making it legal for all NZ players to gamble at. The company and license are registered in Curacao, whereas a subsidiary company in the UK handles all payments within Lolobet.
Lolobet is considered to be moderately safe, holding a verifiable gambling license from the Curacao based Antillephone N.V. The website uses SSL encryption to safeguard personal information and banking details, and KYC procedures are in place to combat fraud and money laundering. Setting deposit limits and self-excluding is possible, however, only by contacting customer support and not as an account feature.
Lolobet is a new online casino launched in 2023 and is yet to be thoroughly tested and reviewed to be deemed 100% trustworthy. No player reviews currently exist on the web as the player base is small.