Online lottery jackpot is a new company that allows people to play lottery games on their mobile devices. Its goal is to increase ticket sales and attract younger players to the industry, which is struggling to compete with other entertainment options. The company has a veteran executive team with experience in technology, gaming and licensing. It is backed by a number of investors in the real money game space.
Lottery games typically require players to predict multiple numbers from a pool of consecutive options. They can win huge prizes, with the jackpot of popular lotteries like Powerball and Mega Millions often reaching into the hundreds of millions of dollars. However, many players lose a significant portion of their winnings because of unfavorable odds. To improve their chances of winning, players can use lottery software and prediction tools to optimize their odds.
As more states adopt digital platforms for purchasing tickets, companies such as Jackpot aim to reimagine the $100 billion-a-year industry and bring it into line with the online buying habits of today’s consumers. They also plan to make money by charging a convenience fee on purchases.
The platform is expected to be rolled out across 44 states and the District of Columbia, and will include a mix of traditional drawing-style games and instant-win scratch-off games. The company is leveraging its proprietary lottery technology to provide customers with a best-in-class lottery experience. The majority of ticket proceeds (up to 95 percent) are returned to state governments for education, healthcare and prizes.