- Online lottery messenger service out to disrupt the $80 billion U.S. lottery market
- Targeting 22 more states after California
- Renowned actor and Priceline pitchman, William Shatner, named company spokesperson
Americans spent upwards of $80 billion on lottery games last year, according to the North American Association of State and Provincial Lotteries (http://nnw.fm/EF5Ht). That’s more than Americans in all 50 states spent on sporting events, books, video games, music and movies combined and equates to an average of $325 a year wagered on lottery tickets for every adult in the country. Fifty years ago, gambling was illegal in every state except Nevada, yet by 1980, 14 states held lotteries. Today, 43 states embrace lotteries as a significant revenue generator for state coffers. About 63 percent of the money spent on lottery tickets is paid out in prizes, and the rest goes to state and local governments, mostly earmarked for education. States have come to love lotteries in spite of high marketing and administration costs, because they represent the only tax that people actually volunteer to pay.
Now ingrained in American culture, lottery players play for both fun and the fantasy of winning. The dream of cashing a jackpot ticket overrules the reality of the long odds of winning. As an example, the California Mega Millions jackpot odds are 1 in 303 million. There are better odds of being struck by lightning than winning a state lottery jackpot, but an enormous number of people love the action and play on a regular basis.
Rather than bank on a winning lottery ticket to improve your financial picture, a more effective way to grow your wealth may very well be to make money off the action. LottoGopher Holdings, Inc. (OTCQB: LTTGF) (CSE: LOTO) (FRA: 2LG) now gives investors an innovative avenue to potentially profit from the state lottery. LottoGopher provides the first web-based lottery ticket messenger service enabling users to purchase and manage lottery tickets online. The company’s social lottery website allows users to easily order lottery tickets online using debit and credit cards and manage their tickets through an online platform. Users can purchase state lottery tickets online and play alone with a single ticket or join online groups to pool winnings from lotteries. LottoGopher users can now keep track of their winnings while taking part in multiple lotteries using multiple tickets. Members have access to exclusive lottery news, lucky number pickers and jackpot alerts.
LottoGopher recently signed renowned actor and Priceline pitchman William Shatner to be its spokesperson. In a news release detailing the partnership, Shatner stated, “Much like Netflix disrupted the movie rental business and Uber hailing a cab, LottoGopher is disrupting the lottery industry for Americans. Consumers nowadays demand exceptional service, competitive pricing, and the convenience of buying products online. LottoGopher offers a simple, cost-effective way to order lottery tickets online and I look forward to helping their customers dream big!”
Fully compliant with all lottery laws and regulations, LottoGopher is only available in California right now, but it has 22 additional states targeted for future expansion. LottoGopher maintains a strategic business relationship with Lottoland, one of Britain’s Top 30 fastest-growing companies and a top-ranked European gaming company. Lottoland has rapidly become a world leader in the online lottery sector with nearly $357 million in annual sales. Should LottoGopher follow a similar trajectory, it could challenge the odds represented by state lotteries.
For more information, visit the company’s website at www.LottoGopher.com
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