Lotnext Briefing: Global Lottery 2017-21 Forecast: 9% CAGR …and More!

Lotnext Briefing: Global Lottery 2017-21 Forecast: 9% CAGR …and More!

Lottoland CEO Claims “True Disruption” of Lottery Industry

Secondary lottery provider Lottoland chief executive Nigel Birrell is claiming that his company has achieved “true disruption” of the traditional lottery industry:

“2016 has been a landmark year for our business, a year in which we’ve really upped the game, truly disrupting the $300bn lottery industry.

We now have well over 4.5 million customers worldwide and a run rate of €300m that will see us beat the €100m achieved in 2015 three times over […]

We’re pleased to see more players from across the globe adopting exciting new betting             products […] and moving away from the traditional ways of playing in their home countries.”

 

Camelot Fined £3m for Awarding False UK National Lottery Jackpot Claim

The UK Gambling Commission (UKGC) has levied a £3m fine on Camelot for having paid out £2.5m to an apparently fraudulent jackpot claim in 2009.

Current Camelot CEO Andy Duncan said Camelot made what at the time seemed “a reasonable decision to take based on the evidence available,” but later realized that the ticket in question had been “deliberately damaged.”

Reportedly, then-Camelot CEO Dame Dianne Thompson personally signed off on the £2.5m payment.

MP Tom Watson, deputy leader of the Labour Party, severely criticized Thompson for receiving “millions” in bonus payouts despite the massive fraud that occurred when she was still in charge.

Although Thompson retired in 2014, last year she received £800,000 in bonus payments and could receive up to £1million a year until 2019.

To compound matters further, UK media outlets have identified the bogus claimant as a convicted rapist who continued to collect state benefits despite his £2.5m windfall.

In brighter news, a record 347 National Lottery players became millionaires in the United Kingdom in 2016. Legitimately, we assume.

 

Dutch Staatsloterij Receives Complaints on Account of Results Checker Malfunction

Staatsloterij (part of Nederlandse Loterij) received numerous complaints after its results checker malfunctioned following the lottery’s biggest-of-the-year New Year’s Eve draw.

Some players are now claiming that threw away their winning tickets, after the malfunctioning results checker indicated they had failed to win a prize. According to gaming lawyer Frank Tolboom of Kalff Katz & Franssen, these players appear to be out of luck, even if some form of settlement would not be entirely unthinkable – in particular if Staatsloterij decides to opt for leniency – but only if these punters will somehow be able to prove that they actually owned a winning ticket.

 

Netherlands Gaming Authority Grants New Five-Year Charity Lottery Licenses

The Netherlands Gaming Authority has granted new five-year charity lottery licenses, valid through 2021, to the following five operators:

  • Nationale Postcode Loterij N.V.;
  • VriendenLoterij N.V.;
  • BankGiro Loterij N.V.;
  • Lottovate Nederland B.V.;
  • Stichting Samenwerkende Non-profit Loterijen (Nationale Stichting Grote Clubactie, Vereniging Scouting Nederland, Nationale Vereniging De Zonnebloem en Stichting Nationale Jeugd Fonds Jantje Beton).

 

Founder of Postcode Loterij Donates Shares to Non-Profit Foundation

Boudewijn Poelmann and Annemiek Hoogenboom, co-founders of Novamedia, the company owning the international Postcode Lottery format, have donated their shares to a non-profit foundation in order to protect Novamedia as a “social enterprise.”

 

Newly-Reformed Finnish Gaming Company Veikkaus Started Operations on January 1

Newly merged Finnish lottery and betting monopolies Veikkaus, RAY and Fintoto started joint operations on January 1 under a revamped Veikkaus lottery brand.

“We strongly believe that the merger of the gaming operators will provide us with a good chance to offer our customers enhanced customer experiences by applying the ‘single-counter principle,’” group CEO Olli Sarekoski said.

“The game portfolio of the new Veikkaus will be extensive, ranging from slot machines to toto games, from Lotto to web casino games. In addition, we will also be able to offer new types of games in the future, including virtual betting and combinations of different games.”

Finns have been assessed as the fifth biggest gamblers worldwide. Still, the majority of them feel that a state-run monopoly continues to be the best solution for the country.

The new Veikkaus-led brand will offer its customers a full suite of Playtech games and casino content.

 

US Lottery Players Demand Refund for Rigged Games

Lawyers, representing “thousands of lottery players” filed a class-action lawsuit against the Multi-State Lottery Association, the Iowa-based nonprofit that helps administer games that are offered by US state lotteries.

The association’s former security director is charged with installing software on lotteries’ random number generators that allowed him to predict winning numbers on three days of the year. The scheme allegedly lasted for years.

The lawsuit claims that anyone who played in drawings on those days should get their money back, plus interest.

 

Global Lottery Forecast, 2017-21: 9% CAGR

According to market research company Technavio, the global lottery market will grow at a compound annual growth rate (CAGR) of 9% in the next four years:

“The easing of government regulations on different forms of lottery will drive the growth             prospects for the global lottery market during the forecast period. […] The legalization of             online lottery market will bring in high revenue in the form of taxes, create employment             opportunities, and will contribute to social welfare.”

The study identifies Camelot, China Welfare Lottery, Française des Jeux, International Game Technology, Hong Kong Jockey Club, INTRALOT, and Scientific Games as the leading players in the global lottery market. Other prominent vendors in the market include Amaya Gaming, American Games, Carmanah Signs, China lotsynergy, Gidani, Jumbo Interactive, Lottoyard, Lotto NZ, Magnum, MDJS, Neo Games, Novomatic, Singapore Pools, and Sports Toto Malaysia.

 

Other News

The World Lottery Association (WLA) has published its revised security standard.

 

Gaming and lottery technology supplier Win Systems has acquired gaming machine developer Gold Club.

 

A Mississippi lawmaker has introduced bills to establish state lottery.

 

Israel’s Ministry of Finance has finally agreed to allow online lotteries and other games like Keno to Israeli residents.

 

Gaming technology providers IGT and Scientific Games are in hot water with legislators in the state of Illinois.

 

Tough competition prompts Vietnamese lotteries to raise prizes.