I wanted to respond to my question with my own first-hand experience with Yotta in case anyone else stumbles across this and might be nervous.
I created an account and deposited $500 a few weeks ago, I felt okay knowing Yotta accounts are FDIC insured and my cousin said she's had an account for 4 months without any issues. My first week I had 120 total tickets and won $5.25, second week I had 20 tickets and won $0.25, last week I had 20 tickets and won $0.10. $5.60 in three weeks on a $500 deposit isn't too bad!
I guess I would say you're probably not going to get rich, but I've made waaaay more in my Yotta savings account in 3 weeks than I have made with my Chase savings account over the past 5 years. And it actually gets me excited to check my bank account every night for the next lottery ball number.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by a WalletHub user.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.