Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Gambling, The Next Great Internet Industry -- Ignore unavailable to you. Want to Upgrade?

To: jj_ who wrote (625)	6/25/2001 5:04:51 PM
From: Herc	Read Replies (1) \| Respond to of 827

I knew that an internet lottery provider could get the 5 to 6% commission paid to your corner Quiky Mart vendor, but it just occurred to me that they also get whatever the state has to pay Gtech or Autotote. I have no idea of what arrangement GTK, et al have with the states. But even with discounted commissions, a combination lottery vendor/provider has to get at least 10% of each lotto ticket sold. And I believe the world lotto market is $180 billion NOW, and internet products will certainly boost sales. Plus add on fees for lotto player data bases, online ads, etc...