I wonder how many more lotto tickets could be sold if they were available online?
<<eLOT Discusses Internet-Based Solution for Border Town Residents Overwhelmed by Out-of-Staters' Powerball and Big Game Mania
NORWALK, Conn.--(BUSINESS WIRE)--Aug. 22, 2001--With the Multi-State Lottery Association's Powerball and Big Game jackpots at attention-grabbing highs of an estimated $200 million and $74 million, respectively, the out-of-state crowds are descending on border towns in the 27 states where these games are played, blocking sidewalks, hovering for parking spaces and clogging roads.
Working with states on a solution for residents of those border towns, however, is eLOT Inc. (OTCBB: ELOT - news), the leading provider of Web-based retailing and Internet marketing services to governmental lotteries. The Norwalk, Conn.-based company's eLottery subsidiary is committed to facilitating the electronic sales of new and existing lottery products worldwide.
``There's a simple solution to the chaos that surrounds Powerball fever - the Internet,'' said Edwin McGuinn, President and CEO of eLOT. ``Web-based purchases offer two clear benefits to states and the economy as a whole:
``First, consumers can buy as many of their state's lottery tickets
as they like at any time of the day or night, without ever
leaving the comfort of their homes as our technology helps the
states ensure that each ticket purchaser is a state resident, and
``Secondly, the ''regressive tax`` aspect of lotteries, that many
decry, is eliminated as the average household income of homes
with Internet access is about $50,000.``
eLOT President and CEO Ed McQuinn is available today and tomorrow for comment on any aspects of the Internet's potential impact on lottery ticket sales, particularly pertaining to Powerball and the ``Big Game''.>> |
