Mega Billions: Inside The Battle To Capture America’s Lucrative Lottery Market

  • 📰 Forbes
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

Startups funded by billionaires Jerry Jones, Mark Cuban and other venture capitalists are betting big to disrupt the $100 billion lotto industry.

was in China during the Han dynasty, which is said to have helped fund the Great Wall. Later, the Roman Empire had its own lottery games. Today it is big business for most states, which protect their tax-generating institutions with a fortress of legislation, regulation, and bureaucracy. It is estimated that nearly 50% of Americans will buy a lottery ticket in a given year.

“I'm not trying to take one dollar away from the traditional retailer, and the guy that likes going to the store in the morning and buying his cup of coffee and his Pick 3 ticket; I don't want to convert him to being a customer,” says Metzger. “I want the Millennial or the Gen Zer, the customer who is completely digital native.”

Another entry in the lottery app wars is Jackpot, owned by U.K.-based 99Dynamics, which launched in the U.S. late last year. 99Dynamics is known for running what’s known as derivative lotteries, which allow gamblers overseas to bet on the outcome of the U.S. and European lottery games.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines