Topic: Can online gambling compete with national lotteries? - page 4. (Read 763 times)

I will and can support the Crypto lottery, but when it comes to preference, it's our state lottery; I have to support it, as a huge portion of the profit is allocated to our country's health sector, where I was once a beneficiary I asked this question to my friends who are lotto bettor,s and they all prefer our state own, for convenience and trust and better transparency.

I'm probably a big pessimist, but I would rather believe that I can win a lottery in some casino than in a state lottery. Yes, that advertising is carried out within the framework of the state, and the excitement for participation in it is huge. Still, history shows that for some reason, the winners are people who are very close to those who run the lottery. Coincidence? Hardly. Therefore, I repeat, it is more likely to win a big jackpot where there are no connections and everything is carried out the same for the players.

From my observation in my country, more gamblers are into national lottery than sports bet and probably online casinos too although I don't know if there's any data to proof it. I however don't think that online casinos and sports bet can compete with lottery in my country, because it is less complex to play, you don't need a long list of matches or predictions like sports bet, just get your ticket number and wait for the results. There are many lotto kiosks in most parts of my country than you will care to count and that shows the level of trust and patronage that lottery gets in Nigeria.

Nope they are not in competing class. National lotteries are more for  householders, retied persons and, generally, for folk with lack of vivacity. Online gambling is  favorite by the youth   obsessed  with Internet. Gambling in the  land casinos  is the preference of matured men who like jazz combo, whisky and  intricate atmosphere inside. Such is the gambling  classification as to   people involved  which I sense.

Online gambling can't compete with national lotteries because people still buy lottery until now. Many people hopes that they can wins from the lottery and if they are lucky, they can hit the jackpot and wins the big prize. I am not follow the news of crypto lottery but you can search for that casino that offers lottery.

People familiar with national lottery so that's why they still buy the lottery and hopes they can wins some money. Maybe people doesn't knows much about crypto lottery so they are not participate to buy the lottery ticket. For lottery game, I still prefer to buy at local store and not buy too much from crypto lottery. Besides that, not many casino offers lottery game on their site so maybe we can buy lottery ticket on local store.

Well, it depends because some National lotteries are For donation or some kind of charity that would help people in need. It is Most likely the case For some lotteries. So I’m curious what parameter you are looking for when comparing them both.

There is already a crypto currency lottery. I just forgot the name of the casino. It is mostly like that and I think it is hard to win. I won the three digit number I think and it’s just like giving you back the amount of money you have bet on. It was a long time ago.

It will be difficult to believe that an online lottery that is managed by individuals will be able to pay 120 million EUR if someone hits the jackpot. National Lotteries are backed by the National lottery Commission, so you will always get your wins. The issues of trust will affect crypto because people will trust government backed gambling platforms more than private ones. When it comes to coverage, national lotteries usually have more people staking, which is why they can be able to pay huge wins. But a crypto casino might not be able to gain enough bettors to cover the budget. It is possible that national lotteries can be manipulated if it are handled by corrupt administrators. However, there is no guarantee that the same incident cannot happen in a crypto lottery. I would have preferred crypto lotteries because of their accessibility and modernity, but the issue of trust is my only concern.

It’s just that these national lotteries are trying to collect a huge jackpot so that they can be heard from every news resource, newspaper, website, TV, etc. From this they receive free advertising and a huge number of views, even from those who are not very interested in it, which will become a trigger for many and a start to play the next time. After all, everyone would like to win such a huge amount.

As for me, I never play national lotteries and prefer to play only online as you said. The speed with which we find out the result is incredibly fast and online we find out the result almost instantly. The modern generation wants quick results and not waiting a week for results, and I completely agree with this.

Lottery has been a game designed to be a random public affair without the immunity of addiction such as maybe in gambling and then being regulated by the government body in whether state or national lottery.

The odd for the lottery seems higher than the gambling because the government is always richer than the individual owned casinos. Infact, the money in the lottery box is a public fund so such a higher odd can always be affordable to be giving away to the lucky winner and because the system is always raffled and shuffled, the chances to win becomes more difficult than gambling which your experience or predictions strategies may give you winning chances.

I have not heard of a lottery winner from the gambling sections neither have I learnt that the casinos do have the platform for lottery.

I think since the governments authorizes the lottery industries, knowing how fun and legitimate it has been on their custodies, they would not permit the casinos to apply it to their gambling network because believing gambling an individual owned network, they may redesign the lottery program personally to their profit interests while ticket purchasers are being used specifically to generate funds for the casino companies without issuing rewards approximately.
Just a thought though.

For what I have seen here in Italy, national lottery are not the same as in the past.
Even if there are rich prizes people are just not happy with this kind of games and they are trying to reach "fast" wins (like scratch cards or "Super enalotto" that has rich prize  like a lottery... weekly run...)

Online gambling has the advantage that is "quick". People are playing and can win fast cash.
Probably a crypto lottery based with blockchain it would be really fun for nerds and people that are still adopting bitcoin currency.

As long as they have the capacity and reputation, they can compete. Besides, the lottery is like free money, and putting up the capital is not a problem for big investors. The real issue is gaining the trust of bettors, as state-sponsored lotteries are more reliable, so bettors have more confidence in them. For an online lottery run by a private company, they should compete by offering bigger prizes or anything else that could entice the betting public to choose them. Without that, they won't be able to get a huge number of bettors, even if the jackpot is higher than the national lottery, as you've mentioned.

Additionally, I think it requires a license, and I don't believe the government would allow a private gambling company to compete with them. The income from public-owned lotteries is for the development of the country, so letting a gambling site compete with them would defeat that purpose.

Of course, the government will not seem to let crypto casinos take their place. There will be a competition in the gambling system between crypto casinos and state lotteries. Yet state lotteries will surpass online casinos because they are backed by the government. The government rather see them succeed since they are paying huge taxes to them rather than the online casinos they cannot regulate or control physically.

If you asked me which one do I prefer? Ill tell you that ill go both ways. I win more at casinos than at lotteries. There are lots of rules and regulations in state lotteries and takes a brilliant mind to fully understand the game for one to win But online casino games are easy to understand.

When it comes to large lotteries where you can win 100+ million USD state run lotteries will always have an advantage. I don't think that crypto lotteries will be able to compete on such a scale, where they offer these returns every few weeks. The state run lotteries have so many regular gamblers, that it seems very hard for crypto lotteries to get anywhere close to that. The long history of state lotteries gives them such a big advantage. On top of that is the aspect of advertising in public news channels or store. Creating a similar marketing network today from scratch seems impossible, especially with government having bans on certain gambling activities. The taxes on lottery gambling each week are huge and the government would fight hard to protect them.

I think you made a strong case in your post analyzing state offline lotteries and comparing them with online crypto lotteries. It was informative to read your thoughts on this matter.

The gambling industry is developing and this is confirmed by the fact that until relatively recently there were no online casinos. This suggests that offline national lotteries will also undergo changes in the near future. If CBDC is adopted throughout the world to replace traditional money, then it is likely that national lotteries will also take place using CBDC. Will this affect the increase in the probability of winning? I think no. Everything will remain at the same level: the organizers will get rich by promising multimillion-dollar prize funds, and the participants will be content with small winnings.

I'm not sure that casinos will agree that lotteries supported by cryptocurrencies will be fairly provable. Business is business, and somewhere the organizers still have to fool clients in order to make a profit. Of course, not directly, but by reducing the probability of winning.

Yeah, there are really lottery gambling platform, but it didn't enjoy support as there are more questions to raised specially the reputation of the casino and it they won't rigged it and allow certain individuals to win and that's why it was not as popular as national or local lottery.

And as least for national lottery at least in my country, it is being showed in television, lived on how they draw the winning numbers and so people are glued to their seats to witness it and see how it goes for them. So the excitement is still there and just image seeing all your numbers being called and you know you've won the lottery, it will be a life changer.

The problem here is national lotteries are like a pot where people keep on dropping their money unlike how it goes with online gambling sites. Sure, they could also make a lottery game and I think freebitco.in had that kind of feature back when I was using their service but I don't know now. This kind of game is prone to scams or abuse especially if the one who will handle it is not reputable in the industry just yet.
I think that is why the government is the only one who had success in making a huge pot like that because the people know they cannot get away from it once someone claim the jackpot prize.
Can gambling sites compete with it? I think they can but it has to be a very reputable site for it to have more ticket buyers.

You are asking "Can a casino compete with a lottery?" and then you are basically answering your own question.
Most national lotteries are monopolies, how could a casino compete against them? In a lottery, the big jackpot is what drives the people to buy lots of tickets, therefore increasing the jackpot and the lottery's revenue. Imagine every casino having it's own lottery. How could 100 lotteries gather a big jackpot, but competing against each other.
A casino has a different business model than a lottery. The lotteries rely on millions of people buying cheap tickets, while the casinos want to squeeze as much money as possible from a fairly small amount of gamblers(maybe several thousand gamblers at best).
That's why you can't compare a lottery to a casino.

I barely hear of the national lottery in my country. I know something like that exists but don't know if they are active or opened for just a few persons. And also know that most of mt friends wouldn't even know what the national lottery ticket looks like. But with online casinos, everyone knows about online casinos we visit one regularly. It would be easier to buy tickets in a crypto lottery. Aside its convenience, the thought of winning in crypto and having some wealth in crypto  considering our present economic challenges is enough motivation for them.

I don't want to guess how it is in other countries, but in my country, the lottery draw is in prime time on national television. A lot of people think it's fun, they have their numbers and they follow those shows, and hope for the best, alone or with friends. So it's no surprise at all why the lottery is so popular, but I wouldn't say I like it and I don't play it.

Online gambling has been around for a shorter time than the lottery, but the numbers are growing every year and I think they will catch up one day. It seems to me that younger generations play newer games more, they want faster results and more excitement. And that is what today's popular online casinos offer.

When we compare national lotteries and online gambling perhaps we will see differences in the number of players in these two types of gambling. We will see how quite a lot of people will choose the lottery because it is more easily accessible in many stores and the price is also cheap, and the rewards are high and it is supported by the government, that is what makes more people motivated to play the lottery.  However, I myself am not really interested in playing state lotteries, besides being banned in my country, crypto lotteries are easier for me to access and I don't need to pay taxes when I win - the convenience offered by crypto lotteries is what makes me prefer to play that.