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Posts Tagged ‘lottery’

Can You Predict a Win in Gambling

Friday, October 15th, 2010

Wouldn’t it be great if you could predict a win or a loss prior to gaming? Of course one-hundred percent of the time this is not possible. If you could, then a game wouldn’t be a gamble, would it? But there now is a new tool that can help you to wager with some certainty on the outcome. Cockeyed.com is a website that allows you to use a Mega Millions Lottery simulator. According to the programmer, the simulator lets you know what your true odds are of winning a game. It also can gauge your future winnings and what the chances of your outcome are going to be. This could potentially be a breakthrough in the market. It if allows gamers to find ways of predicting what their potential out come could be. It works almost like the basic strategy chart of blackjack. It isn’t certain, but it uses probability and math to predict with a close reliability rating to it.

So far some lottery players have tried to use the Mega Millions lottery simulator and are reporting back with good reviews. They believe that it did help them to make a good decision based on quantitative elements of the game they were playing. One example of what you can do with the game is as follows. Let’s say a player wants to know what his potential iwnnings would be if he played the lottery twice a week for five years. He can enter that information into the lottery simulator and get results that tell him the probably outcome. In this instance it told him that he would have an overall payout for games of $520, but then he would be bringing in approximately $35 in earnings over that time. Despite the usefullness of the tool, there are some reservations by gaming operators. They are worried that if people are mathematically able to see their most likely results from gambling, they may curb their activities. Sure the “house always wins” but few people actually put that in the right context. If a simulator is able to give them specific numbers that prove they won’t win, are they going to continue to wager? Are they going to continue to wager as much?

Canada in the Midst of Lottery Scandal

Friday, October 15th, 2010

Canada has seen better days in terms of gambling. Right now the country is in the middle of a scandal revolving around its lottery. It seems that there was a huge conspiracy between two different store owners in Ontario. They were collecting money from customers but it seems their overall goal was to bilk millions of dollars from their victims eventually. The rise in problems for Canada is nothing new. Since the beginning of their gambling life, the country has seen scandal and problems. A few months ago they opened the first online gamgling website only to have it shut down a few hours later due to a breach of security. They immediately fixed it, but the damage was already done. Games who may have tried out the casino are staying far away until things are completely settled and things make a notable change.

Though the land-based lottery world is reeling, the online gambling market is not. In fact, they are looking to the failure of the lottery as a means of gaining new customers. They possibly can steal customers to their casinos if people are ready to give up on land based gaming in Canada. This is great news because the online market is more than ready to absorb disgruntled gamers who don’t trust the land based market anymore. Part of the issue is that this is just another incident in a long line of gaming problems. A few years ago another store owner was suspected of stealing from patrons. He ended up stealing millions from unsuspecting customers in gambling dollars. Now with this next issue, it is creating a bad name for land based Casino gambling. Without some serious PR work, the country could continue to suffer in numbers. It may take time to turn things around, but that is exactly what the market does NOT have right now. The world of gambling is competitive and companies or governments not ready to manage them in a trustworthy manner are going to forever lose the markets. And there are other companies more than willing to step in and solve the problem by taking their market shares and treating them fairly.

Kansas Lottery Coming Up Against Criticism

Wednesday, October 13th, 2010

States are looking to capitalize on their lotteries. Since their creation, lotteries have seen a lot of success in the market. Everyone wants to purchase those tickets. Normally it takes just $1 and you have a shot at winning a life changing amount of a payout. Gambling officials in Kansas are looking to change their own lottery now that the state’s 150th birthday is coming up. The lottery is going to be titled “Celebrating Our Statehood” and it starts with the normal $1 ticket sale for residents and non-residents alike. Retail outlets have already received 600,000 tickets to sell in a couple of weeks. In January there also will be additional $2 tickets ready for the market. So far the payout is scheduled to reach new heights beyond what it ever has been so far.

Though the lottery is big news for the gaming public there are still some people who believe that it is a cheap way for the state to push their ticket sales. They believe that it is reprehensible for the gaming control board to push their tickets in this way. Despite critics though, the lottery is still going to happen and is expected to bring in a lot of cash to state coffers. It isn’t that far from what normally happens in the market. gambling is something that every state is using to shore up its revenue stream. States know how lucrative gambling can be—whether that is involving a casino that is land based, a casino online or the lottery. All these tools are being used more and more readily to create revenue streams. People are showing no signs of curbing these activities either. Though during the recession many gambling companies suffered, that is showing a surefire sign of a turnaround now. Gamblers are returning to their older ways of wagering and getting excited about the many different specials that are available in the market. States are equally excited because they know that the numbers are telling of what revenues they can build for themselves. Now that the recession is over, it is time for states to come up with viable options for bringing in more and more revenue as the market continues to regulate itself back to normal.

Lotto is Up In Indiana

Thursday, September 30th, 2010

There is a new change in the world of gambling and that is the rise in lottery ticket sales. More and more people are seeing the benefits of gambling and want to take advantage of it. The great thing about the gaming market is that growth…not only is it due to people’s curiosity, but it also can be attributed partially to the laws that are changing in the market. If you look at any state today you are going to see a battle over legalizing and banning gambling. Some states are worried about the online world only and others are debating land-based gambling, while still others are debating both. It is a huge topic right now because of how lucrative the market is and how much people have to gain. Not only are there huge tax revenue dollars available, but there also are jobs to be had in the market. At a time when the recession is weighing heavily still on the market, creating new jobs is nothing to ignore.

Indiana is showing a support for gambling. The state-run lottery is showing signs of huge growth. The lotto right now is up to $30 million and that is the second largest amount in the past ten years. It is also the fifth largest pot since the beginning of the lottery within the state. That means that millions of gamers right now are fighting it out for that huge pot. Part of the draw is the post-recession market. People are worried about their finances and where they are going to find the funds to meet bills. Most have just come out of the recession with sorely diminished bank accounts and little credit to rely on. Things have been stretched for months now. Also, the job market is growing but not as quickly as people had hoped. They want to turn things around sooner and most are looking for nontraditional ways of bringing in revenue. The Lottery is a viable option to bringing in cash and more and more people in the state are taking their chances. Without a doubt someone is going to win the millions and people think, “Why not me?”

Million-Dollar Winner Fails to Collect Wins

Tuesday, September 21st, 2010

One lottery winner is not a happy camper. It seems that in Santa Barbara one lottery winner has yet to claim his $4 million prize. The world of lottery gambling is growing, just like all other facets of the market. Lotteries of course have long been legal in the US and many states use them to build up funds. Players buy tickets and the money is put into a huge pot. Part of that pot of course goes to building the lottery and fueling expenses, but the rest goes to the payout. When the numbers are drawn on the winning ticket that is when the player or players come forward and claim their winnings. Those winnings traditionally have been anywhere from a few hundred to well into the millions of a payout. Over the years lotteries have gained steam in the market because their payouts have grown to life-changing amounts and because the games are legal. Though the UIGEA did away with casino gambling online, it purposely left out lotteries and racing. That’s great news for enthusiasts who love buying lottery tickets every week.

One player at the Bottle Liquor store in Morro Bay though as yet to come in. That is where the prize ticket was purchased. Owner Chuck Harper says that he wishes he could get to the purchaser but he has not seen the man since the ticket was bought. This is the 6th largest jackpot in the state of California in their history of the games. The winner is reportedly John Davis who works at a local barber shop. There are many rumors surrounding the winner. Some say that he is in Hawaii. Others say that he lost the ticket. No one knows exactly what the truth is and they won’t until he comes forward to collect his winnings. Though most winners would be standing in line for their winnings, Davis is proving to be different. He is taking his time according to his daughter in law. She states that he is returning to California but on his own time. Lottery officials say it is not unheard of for a gamer to wait on collecting their spoils and he has up to one year to make the official claim of his money.

PlayNowNH Shut Down Over Controversy

Sunday, August 29th, 2010

In New Hampshire the Lottery Commission just cancelled its proposed online, interactive game. The game was being offered on PlayNowNH. The lottery’s executive director Charles McIntyre stated that the decision to eliminate the online interactive game was not the end of gambling changes. In exchange for that elimination, the commission is offering a more user-friendly feel to current games and focusing on developing their scratch card market. Overall it was a legislative move that forced the Lottery Commission to make the change when it was ordered to postpone the introduction of the new game. Legislators are requesting a formal bid for the game to be presented to them next month in September.

The PlayNowNH game was to let players pick what game they preferred—from super slots, to speed bingo, to poker to baseball—and then they got to pick their wager amount. They were then given the option of buying tickets to the chances of a win per game using an access code. They could purchase tickets of up to $100 for each game. Though it sounded like a good idea, many legislators put their own stop on the deal when they found out that the details of how the games would be run were still sketchy. As a way to clean up the problems, the Lottery Commission decided to announce its focus on enhancement of its older games. The older games have already proven their worth in the community so bringing them to a new level of performance for the gaming public most likely won’t be difficult. They already have premiere gaming consultants and software providers to work on their games, so customers logging in to play won’t be disappointed. It won’t be until September of this year that gamers will know whether or not the PlayNowNH game will be allowed to the market or what its rules will be if it is allowed. It may take time to sort through the rules because legislators all over the country are in heavy debates over what to do with online gambling and what rules it needs to properly and safely implement it into the gaming communities involved.

Canadian Gambling Laws Changing Rapidly

Sunday, August 15th, 2010

The world is debating online gambling and Canada is no exception. For a few months now the country has been in heavy debates over the issue and trying to square away its laws and regulations regarding the pastime. Since the recession, every country throughout the world has had problems with its deficit. The recession stretched budgets beyond what they could handle and now it is time to recover but there are few options to help. Gambling is the only million-dollar generating activity that countries are looking into for relief from their financial woes. One thing is for sure– people are going to gamble and taking advantage of the huge tax dollars available may be th eonly way for the world to truly turn things around.

Quebec is the latest province to start working on legalizing online gambling. The government has moved into gambling territory online by legalizing online lotteries to help generate funds. The lotteries include sports betting and online poker. No one can debate how popular poker has become in the market. Just look at how popular the WSOP is now. Not only does it pay out multi-millions to lucky winners at its various games, but it also has major corporate sponsors and ESPN full coverage worldwide. Canada knows full well how popular gambling is and is hoping to generate the dollars needed to work on its huge deficit. Lotto-Quebec is the company that is going to host the online gambling for the country and it is scheduled to begin paying out to the province’s legislation soon. it should take a few months to work the kinks out, but overall it seems to be a good move for generating cash. Province coffers are low and this is a sure-fire way to help them out.

There are still some opponents of gambling in the area, but they are hopeful. They are hoping that laws will change and be added to protect consumers and the general public from the negative affects of gambling in general. It may take a few months, but most likely Quebec will be one of the first Canadian provinces to use gambling wisely and to its advantage.

France Shores up Rules for Gambling

Friday, August 13th, 2010

Countries are cracking down on companies working within their borders that don’t have the proper licensing. Take France for example—the country is working with the government to regulate ISPs that belong to casinos without the proper paperwork. Let’s face it—online gambling is big business. If a company sets up shop and markets to a country that is not approving of their work, they can still walk away with millions of dollars in profit. The country, however, does not benefit at all from the exchanges. The only way for the companies to come up with some revenue is to instill strict gambling laws and make companies purchase annual licenses for legal operations. It is a great way for a jurisdiction to assure that gaming is benefiting it financially for every year of its operations.

France is the latest company to take on gaming companies that aren’t licensed. The country is using regulator ARJEL to blacklist various websites that aren’t in compliance with their rules for operations. It means that any gaming company that isn’t current on its license is going to be blocked from being accessed by residents. To brace up for the changes many online gamers are receiving email messages from their gaming websites that inform them. For example, players who use CasinoClub.com recently were all given messages when the logged in. The message they received stated that due to changes in regulations made by the British Columbia Lottery Corporation, Loto-Quebec and other online gambling products will no longer be legally available for residents. The participants were then warned to remove all funds from their accounts with instructions being posted on the website.

Changes in the market are making waves. More countries are finding that to regulate gaming they have to ban certain websites and companies. Whether or not it is ethical is another question. Opponents of the bans are stating that people have the right to go to whatever websites they want and shouldn’t be censored by governments. That is the biggest issue with online gaming—censorship. How far can a government go to regulate online gambling? No one knows what will and won’t work, but governments are toying with the various bans available to them and will continue to do so until a viable option is reached and accepted.

Lottery Offers Tons of Fun Online

Wednesday, March 31st, 2010

If you love lottery, you may be surprised to find out how many years it has been around. The lottery began back in the Middle Ages when people took their chances at winnings. Now, online casinos are taking the concept and running with it. If you go online you’ll find poker, roulette, backgammon, baccarat, slots and various arcade games to enjoy, but the lottery is not always the first thing to top the list of products at online casinos. Playtech is one of the largest companies in the world of online gaming today and recently they developed an affiliation with Scientific Games. It is a 50/50 split between the two companies and they are committed to offering a wide range of lotteries to the gaming public. The venture is going to be offered in multiple countries and it will be called SciPlay. The joine venture will have lottery contracts with the government in a B2G affiliation.

So far, SciPlay has over 120 customers throughout the world. The UK National Lottery operator Camelot is also part of the deal. SciPlay is proving to be a very extensive venture and most likely will take over the market quickly. It is an interesting time in the world of lottery development now that two large companies are focusing on bringing to the general gaming public in mass numbers. Now that the deal is set, Playtech is another company that is striving to get into lottery. One person is instumental in the changes. Richard Weil is currently the President of Fun Technologies. He will now act as the managing director of the new joint venture company. CEOs will now be Mor Weizer, from Playtech, and Mike Chambrell, of Scientific Games. They just announced via a statement that the venture is combining the knowledge and experience of the two executives to bring the company to a new level of success within the market.  The good thing about online gaming is that it is consistently shifting and growing. If you are not a fan of online gaming, then take another chance at it. Over the past few years, the market has changed drastically and has a lot to offer now that it didn’t have in past years.

Penn National Looks to Expand with new Casino

Thursday, February 18th, 2010

Kansas Entertainment, a joint venture of Penn National Gaming and Speedway Development Corporation, announced that it is ready to receive final approval under the Kansas Expanded Lottery Act for the Kansas Racing and Gaming Commission to proceed in developing a Hollywood-based casino. The casino will be at Turn2 at Kansas Speedway. In 2009 the Unified Government of Kansas City and Wyandotte County approved the project and Kansas Entertainment, which successfully negotiated a management agreement with the Kansas Lottery Commission. That agreement was next approved by the Lottery Gaming Facility Review Board. Kansas Entertainment plans to begin construction of the facility during the middle of 2010 with a planned opening in the first half of 2012.

Peter M. Carlino, Chief Executive Officer of Penn National said, “Today’s approval formally cements our role in the Wyandotte County community and we are excited to begin working alongside our partner, International Speedway Corporation, and with local businesses to construct a distinctive, first-class entertainment facility and destination resort. Kansas Entertainment is committed to the long-term economic growth of Wyandotte County and the state of Kansas and we believe the Hollywood Casino at Kansas Speedway will be a growth engine bringing over 1,700 construction jobs, over 1,000 full time jobs and significant additional economic benefits to the Kansas City region. We are grateful to the Unified Government of Kansas City and Wyandotte County, the Kansas Lottery Commission, the Lottery Gaming Facility Review Board and the Kansas Racing and Gaming Commission, for their assistance and their support of our plans as we embark on the creation of Hollywood Casino at Kansas Speedway.”

The $386 million phase one development of Hollywood Casino at Kansas Speedway includes a 100,000-square-foot casino floor with capacity for 2,300 slot machines and 86 table games, a high-energy lounge and a variety of dining and entertainment options. Kansas Entertainment’s plans include additional phases, which include building a hotel, expanded gaming space, a spa, convention center and an entertainment retail district to Kansas Speedway, pending market demands. Pursuant to the terms of the joint venture, Kansas Speedway Development Corporation contributed 101 acres at Kansas Speedway for the development of the new facility. Penn National Gaming and International Speedway Corporation will equally share the full project development costs.