Category Archives: Lottery

The Lotter pushing Oregon Lottery to expand international online sales

A proposal to make it easier for people to purchase Oregon Lottery tickets online from outside the United States is dividing the state’s politicians and may have contributed to the termination of the lottery’s top exec.

On June 27, a representative of UK-based online lottery reseller The Lotter pitched the Oregon Lottery Commission (OLC) on a plan to amend two rules that would make it easier for The Lotter’s international customers to purchase Oregon Lottery tickets.

The Lotter made international headlines last December after an Iraqi citizen claimed a $6.4m Megabucks jackpot that he’d purchased online via theLotter.com. The ticket was purchased from an Oregon retailer by one of The Lotter’s local agents and then resold at a 300% markup via the website.

The Iraqi national’s big payday sparked much debate over the legality of the transaction, but the state ultimately concluded that no laws had been broken. Emboldened, The Lotter is pushing to amend lottery rules to allow bulk purchases of Oregon Lottery tickets.

The Lotter pushing Oregon Lottery to expand international online sales

A proposal to make it easier for people to purchase Oregon Lottery tickets online from outside the United States is dividing the state’s politicians and may have contributed to the termination of the lottery’s top exec.

On June 27, a representative of UK-based online lottery reseller The Lotter pitched the Oregon Lottery Commission (OLC) on a plan to amend two rules that would make it easier for The Lotter’s international customers to purchase Oregon Lottery tickets.

The Lotter made international headlines last December after an Iraqi citizen claimed a $6.4m Megabucks jackpot that he’d purchased online via theLotter.com. The ticket was purchased from an Oregon retailer by one of The Lotter’s local agents and then resold at a 300% markup via the website.

The Iraqi national’s big payday sparked much debate over the legality of the transaction, but the state ultimately concluded that no laws had been broken. Emboldened, The Lotter is pushing to amend lottery rules to allow bulk purchases of Oregon Lottery tickets.

Brexit could provide boost for lottery market

STANDFIRST

With the Brexit referendum creating more uncertainty about global economic growth, and following on from an already sluggish global economic recovery since 2008, more and more consumers are likely to turn to lottery products in the hope of improving their current financial situation. This, combined with the fact that the lottery market is already a reported $218billion industry, could create some massive opportunities. Without a dominant supplier in the market, it could be ripe for disruptive new products. Richard Clarke, Chief Product Officer of Link2Win, explains.

ARTICLE

The dream of hitting the jackpot has a powerful, universal, appeal which crosses national and cultural boundaries. Almost everyone has numbers that hold a personal significance, or which are associated with good fortune, and this is one of the main drivers behind the popularity of lottery products. Factors which create uncertainty about future economic prosperity cross boundaries too – so the fallout from Brexit, and the desire to improve one’s financial position, are likely to add further driving forces behind the appeal of lottery products.