Lots of Lottery - Online Casino Style

11/03/2008		Lots of Lottery
Home History Games News Dictionary		Who doesn’t love the lottery, really? Especially for people looking to try their luck without the guts to try out an online casino, playing the lottery is just a bit of chance for a bit of dough, and no harm, no foul. The State of New Mexico, US has announced their intention to change suppliers for their state lottery. It is unclear what prompted the change, be it something wrong with the previous provider, or simply a new contract in lieu of a renewal. Nonetheless, state lottery systems will be updated by Intralot in the near future, a company who advertises themselves as the “world’s leading gaming technology supplier, lottery licensed operator, sports betting manager and innovative game content & services provider.” In short, if it’s a combo between gambling and technology- it’s their game. Though consumers may not notice much of a change, it’s interesting to note the sheer magnitude of the numbers involved in a state lottery. The lottery itself will pay Intralot a base fee of 1.5%- or roughly $18.2 million based on net sale projections of $1.15 billion. So what does the lottery get for its money? The cost includes a huge network of equipmental support: ticket sales terminals, and their upkeep, the secure and logistically specialized communications network, and support in a multitude of forms for the functions and use of the 1,100 retailers in the state. One of the benefits in switching providers is apparent in the numbers- New Mexico saves about $35.4 over the terms of the contract from the previous operator. Let’s just hope with all the changes, New Mexico and Intralot’s new partnership doesn’t result in a digital “Florida-voting” incident in the changeover.

11/03/2008

Lots of Lottery

Who doesn’t love the lottery, really? Especially for people looking to try their luck without the guts to try out an online casino, playing the lottery is just a bit of chance for a bit of dough, and no harm, no foul.

The State of New Mexico, US has announced their intention to change suppliers for their state lottery. It is unclear what prompted the change, be it something wrong with the previous provider, or simply a new contract in lieu of a renewal. Nonetheless, state lottery systems will be updated by Intralot in the near future, a company who advertises themselves as the “world’s leading gaming technology supplier, lottery licensed operator, sports betting manager and innovative game content & services provider.” In short, if it’s a combo between gambling and technology- it’s their game.

Though consumers may not notice much of a change, it’s interesting to note the sheer magnitude of the numbers involved in a state lottery. The lottery itself will pay Intralot a base fee of 1.5%- or roughly $18.2 million based on net sale projections of $1.15 billion. So what does the lottery get for its money? The cost includes a huge network of equipmental support: ticket sales terminals, and their upkeep, the secure and logistically specialized communications network, and support in a multitude of forms for the functions and use of the 1,100 retailers in the state.

One of the benefits in switching providers is apparent in the numbers- New Mexico saves about $35.4 over the terms of the contract from the previous operator. Let’s just hope with all the changes, New Mexico and Intralot’s new partnership doesn’t result in a digital “Florida-voting” incident in the changeover.