A company that works with more than 40 state lotteries in the U.S. and several overseas says in court filings that a key executive orchestrated a “massive theft” of its most-prized secrets before he resigned to accept a position with a rival company.Legal, Scientific Games, Theft, Crime, Court, Lawsuit
A company that works with more than 40 state lotteries in the U.S. and several overseas says in court filings that a key executive orchestrated a “massive theft” of its most-prized secrets before he resigned to accept a position with a rival company.Legal, Scientific Games, Theft, Crime, Court, Lawsuit
According to Research and Markets, the global lottery market is expanding at a CAGR of about 8% per annum – but gambling platforms will need ever more innovative ideas to make the most of this boom. One new business providing the type of disruptive technology that can provide a competitive edge is Link2Win. We asked their Chief Operating Officer, Richard Clarke – who has a track record of delivering successful products and gaming operations around the globe for bookmakers such as Ladbrokes and GalaCoral, and in the B2B sector with Iforium and Vermantia – to give us three reasons why he thinks i-lotto or numbers orientated products could be the key needed to unlock this growth market.
Huge jackpots
It’s a fact, large numerical based numbers attract attention. They can stand out amongst the information overload that characterises our digital media consumed lives. Jackpots are everywhere to be won, from betting on the outcomes of lotteries, to sports predictions, the list is endless. Just look at how successful progressive slots have become. The record-breaking Mega Moolah jackpot of £13.2million, won in October 2015 by British soldier Jonathon Heywood from the United Kingdom, is just one example. You can even win €1million for this year’s UEFA Euros 2016 football tournament by correctly predicting the match results of the entire tournament. It’s no surprise really, the allure of life-changing wins from a single spin, bet, or ticket captures the imagination of us all at some time.
Mass market appeal
According to Research and Markets, the global lottery market is expanding at a CAGR of about 8% per annum – but gambling platforms will need ever more innovative ideas to make the most of this boom. One new business providing the type of disruptive technology that can provide a competitive edge is Link2Win. We asked their Chief Operating Officer, Richard Clarke – who has a track record of delivering successful products and gaming operations around the globe for bookmakers such as Ladbrokes and GalaCoral, and in the B2B sector with Iforium and Vermantia – to give us three reasons why he thinks i-lotto or numbers orientated products could be the key needed to unlock this growth market.
Huge jackpots
It’s a fact, large numerical based numbers attract attention. They can stand out amongst the information overload that characterises our digital media consumed lives. Jackpots are everywhere to be won, from betting on the outcomes of lotteries, to sports predictions, the list is endless. Just look at how successful progressive slots have become. The record-breaking Mega Moolah jackpot of £13.2million, won in October 2015 by British soldier Jonathon Heywood from the United Kingdom, is just one example. You can even win €1million for this year’s UEFA Euros 2016 football tournament by correctly predicting the match results of the entire tournament. It’s no surprise really, the allure of life-changing wins from a single spin, bet, or ticket captures the imagination of us all at some time.
Mass market appeal
The Michigan Lottery says the number of players making use of its online site has nearly quadrupled since the product made its debut.
Michigan launched online sales in November 2014, offering both draw ticket sales and instant win games via website or mobile app. By January 2015, Michigan Lottery Bureau commissioner Scott Bowen said the site’s sales were “going well” but still represented “less than one percent of our business.”
Around 86k players registered with the site shortly after it launched. This week, the Lottery announced that the number of registered players has since swelled over 300% to 322k (about 3% of the state’s total population).
These players have generated $147m in online sales and the Lottery Bureau expects this figure to rise to $480m by the time the site is eight years old. The site currently offers around 30 instant games as well as keno.
After its months-long build-up, the multi-state Mega Millions jackpot is finally starting to increase rapidly as tickets are bring scooped up by loyal and casual players alike.Mega Millions, Jackpots, Multi-State Game
After its months-long build-up, the multi-state Mega Millions jackpot is finally starting to increase rapidly as tickets are bring scooped up by loyal and casual players alike.Mega Millions, Jackpots, Multi-State Game
A U.S. Senate oversight panel demanded Wednesday to know how state lotteries are increasing their security measures after an insider allegedly rigged jackpots for years to enrich himself and associates.Insider Buzz, Legal, Iowa, Hot Lotto, Scandal, Technology, Computerized Drawings, Investigation, Fraud, Government, Multi-State Game
A U.S. Senate oversight panel demanded Wednesday to know how state lotteries are increasing their security measures after an insider allegedly rigged jackpots for years to enrich himself and associates.Insider Buzz, Legal, Iowa, Hot Lotto, Scandal, Technology, Computerized Drawings, Investigation, Fraud, Government, Multi-State Game
The Iowa Lottery unveiled a new logo Monday to celebrate more than 40 years in business.Iowa, Marketing, General Interest
The Iowa Lottery unveiled a new logo Monday to celebrate more than 40 years in business.Iowa, Marketing, General Interest
Since it began in Michigan last Thanksgiving, Internet lottery sales have mushroomed along with the number of players using their smartphones and personal computers to play.Financials, Michigan, Education, Technology, Sales, Online Ticket Sales
Since it began in Michigan last Thanksgiving, Internet lottery sales have mushroomed along with the number of players using their smartphones and personal computers to play.Financials, Michigan, Education, Technology, Sales, Online Ticket Sales
The multi-state Mega Millions lottery game continued its months-long climb Friday night, and is now at the point where jackpot rolls are sharply increased.Mega Millions, Jackpots, Multi-State Game
Months after being halted by the New York attorney general, daily fantasy sports won a major victory early Saturday as state lawmakers moved to legalize the online games.Insider Buzz, Legislation, New York, Sports Betting, Sports
Months after being halted by the New York attorney general, daily fantasy sports won a major victory early Saturday as state lawmakers moved to legalize the online games.Insider Buzz, Legislation, New York, Sports Betting, Sports
Legislation directing the North Carolina lottery to disclose winners of substantial cash prizes to state social services officials as an anti-fraud initiative for food stamps received initial House approval Wednesday.Legislation, North Carolina, Government
Legislation directing the North Carolina lottery to disclose winners of substantial cash prizes to state social services officials as an anti-fraud initiative for food stamps received initial House approval Wednesday.Legislation, North Carolina, Government
Illinois Lottery winners might — again — face the prospects of not being paid their jackpots in a timely manner if no spending deal is struck by Illinois lawmakers by the end of the month.Financials, Illinois, Government, Budget
Illinois Lottery winners might — again — face the prospects of not being paid their jackpots in a timely manner if no spending deal is struck by Illinois lawmakers by the end of the month.Financials, Illinois, Government, Budget