CHALLENGES FACED BY THE LOTTERY INDUSTRY

“The Lottery Business is a promising one, involving billions of dollars and employing

countless people.”

A study states that over 90% of American consider, gambling as acceptable.

About Lottery:

It is a form of gambling where payment has to be made for entry into the game.

It has various forms, such as:

1. Tombola

2. Raffles

3. Scratch Cards

Globally:

Lotteries are seen as an effective way of raising money for charity and other benefaction

schemes.

Example: In U.S., education receives the maximum benefit of the lottery scheme.

The future prospects of the industry look bright, with the business promising an almost

assured return.

However, challenges persist that needs adequate correction mechanisms:

The future of the lottery business can be expected to be driven by the regions where it has not

been regulated yet.

Bringing these institutions under the jurisdictions of the state can provide a much needed boost

to the respective state exchequers.

One among the best examples is South African National Lottery better known as “The Lotto”,

generated over 4 billion rands in 2011.

So, bring a hand forward and portray the better side of Lottery and be the cause of some social

upliftment.

For more details, contact us at:

Email: solutions@dusnaeinfotech.com

Ph: +91-22-41618300

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lottery-industry/

It is essential to ensure that the

drawing of lots is non-influential.

The problem is magnified, when we throw into basket

the picture of underage gambling. A mechanism needs

to be put in place where early identification and

adequate mitigation are provided.

In many regions around the world lotteries

are not in the realm of law. Regulatory

mechanisms require stricter stance.