The government outlawed betting on "synthetic lotteries" which are now in effect which we were told would effectively sign the death warrant for gambling companies like Lottoland in Australia, but Lottoland isn't going. I doubted they would as there is too much money involved.
Check out the lottoland site. Currently the US power at $571 million looks interesting, plus they have a new product "Jackpot betting."
In April 2018, I wrote my personal views
-The medium to long-term for many of my clients on Lotto is worrying, and for point of sale suppliers like us, this is alarming.
-The existing commissions from TABCORP are not enough?
-TABCORP continuing strategy is growing its digital business, and it is affecting my clients.
-The reality is that the Australian lotteries products in the days of the internet are now being outclassed. My clients do not have access to many products that the internet offers, e.g. $A571 million US Mega Millions jackpot here that the internet consumer does.
-My clients have been hit by huge and unreasonable demands for shop fits. To support these shopfitting demands many have been presented with estimates of its benefits that I question.
Today I do not see despite what some claimed would happen once Lottoland was stopped from selling synthetic lotteries that my clients would be getting a share of the online sales, much better commisions and there would be a reduction in the demands for shop fits.
Finally, I do not see that those of my clients that supported the move to ban Lottoland got much in exchange for their support.
Note I am happy to take back all or any of these comments if someone can show that any are wrong.
