Lotteries Set to Go Online
Sports & Recreations → Casino-Gaming
- Author Anthony Wayne
- Published October 9, 2010
- Word count 421
Lotteries Set to Go Online
The worldwide market for lotteries is hugs and over 200 jurisdictions around the world have official lotteries. In 2009 industry experts say that total global lottery revenues totaled about $240 billion USD. In the US where most states have lotteries total sales amounted to $52.4 billion in 2009 and are expected to rise in 2010. Lotteries also spend a lot of money on marketing and spend about $5 billion annually on advertising and promotions around the world. Most lottery jurisdictions implemented lotteries to supplement tax revenues and in the US most states spend lottery revenues on education or social services. Many jurisdictions have come to rely on lottery funds to support various government functions. During the current global recession lotteries have provided governments with much needed funds to fill empty state coffers.
Lottery ticket sales have increased by a modest 2% a year compared with double digit growth for casino and online gambling. In the US legislation has been introduced that would re legalize online gambling and provide the government with another revenue stream. In the US gambling sites are incredibly popular including lottery sites. Should federal law be changed it will clear the way for online lottery ticket sales which at present are blocked by vague regulations regarding online gambling. Online marketers stand to benefit from changes in the law as lotteries spend millions to promote their games online.
Thanks to the recession lottery ticket sales have slowed but there are other factors contributing to the slowdown in lotto ticket sales. Offshore gambling sites are siphoning off revenue from lotteries as more Americans go online to gamble and play foreign lotteries. In addition most lotteries have not introduced new games in years and player boredom has contributed to a decline in ticket sales. Mega jackpot lotteries such as Powerball and Mega Millions spark player interest when jackpots reach hundreds of millions but for some reason many lottery players are not interested in everyday jackpots of $20-$30 million and ticket sales fall.
Lottery demographics show that most regular lotto players are aging and for some reason many state lotteries have not been able to attract a younger player base. Thanks to flagging many states have had to cut marketing budgets resulting in flagging ticket sales. Most lottery industry experts say that allowing state lottery ticket sales in the US would result in an increase in sales. In Europe and New Zealand online lottery ticket sales have been popular with players and most players say convenience is a major factor in online lotto ticket purchases.
http://www.luckylotto.com all rights reserved 2010. Your number one source for buying lottery tickets online
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Sports Cash System
- The Legal Landscape: Casino Regulations in Houston vs. Chicago
- The Rise of Crypto Gambling in the Casino Entertainment Industry
- How to Watch the Stanley Cup Final Game 7: Tips for an Unforgettable Viewing Experience
- Behind the Scenes: Meet the Artists Creating Stunning Slot Machine Graphics
- The Role of the Kahnawake Gaming Commission in Ensuring Fair Play in Canadian Casinos
- Advice on how to choose the best online casino
- AI Deconstructs a High Stakes Poker Bluff
- Confessions and Reflection of A Casual Gambler
- Unleash the Excitement with a Casino Theme Party
- Play The Best Free Online Puzzle Games With Friends
- Create the right poker atmosphere – the equiptment, the rules and the hands
- What are the most famous Cool Games?
- Tips To Winning The Pick 3 Game
- Best tips for Betting on Professional Sports
- Winning at Casinos!
- Best betting site
- Biggest online slot game wins
- Play Online Sport Bet at Trusted Sports Betting Malaysia Sportsbook Online BBQ1688
- BBQ1688 Malaysia associate forms rare consortium with rivals to bid for sports betting licence
- How is online gambling entertaining and engaging?
- What does no wagering mean? – Casino Guide
- Tips to Win Online Casino Games
- How To Win IDN Play ?
- Are Online Casinos the Future of Gambling?
- The Importance of Blackjack Online
- Understanding Betting Odds For Successful Online Gambling
- How to Play Baccarat
- The Game of Blackjack Online and Its Popularity
- Gambling is all about chemistry in your brain