The Future Of Offshore Lottery
LOTF is offering a $1,000,000 finder’s fee to anybody who can find an investor to fund this project.
The business objective is to create an offshore lottery operation that will be innovative more cost-effective, highly profitable and simply better than the existing models.
In order to project the future, we must learn and understand the past. The lottery has been around since the beginning of recorded history. Last year, the biggest prize pool of any lottery in the world, totaling over 2 Billion Euros or $2.8 Billion Dollars was won in Spain. In March of this year, $370 Million Dollars was won in the MegaMillions lottery and is now the largest US jackpot ever.
The total 2006 revenues derived from the Gaming Industry breaks down as follows: The Casino Total was $96.1 Billion Dollars and the Lottery Total was $200 Billion Dollars. The Revenues overseas, more than doubled that of the US.
The Lottery operations overseas, although different from each other, mostly do not deduct taxes from the jackpot, unlike the US counterparts. The Spanish Christmas lottery, El Gordo or ‘The Fat One’, is the biggest lottery in the world and also one of the oldest, having started in 1812. El Gordo has the biggest prize pool of any lottery in the world. The odds of winning the El Gordo this year could reach 1 in 28,571,429 based on their projection that the jackpot could reach $4 Billion Dollars at the cost of $200 Dollars per lottery number. These consist of 10 tickets that can also be purchased separately at $20 Dollars each but the odds will increase to 1 in 285,714,286 to win.
China has 2 lotteries namely the Sports Lottery and the China Welfare Lottery seen here with total sales of $105.4 Billion Dollars last year. India has a weekly jackpot with the old SuperLotto 6/49 system.
Now, let’s look at the odds of winning in the US Lotteries. The SuperLotto, currently runs the 5 Balls to draw from 47 Balls Plus 1 MegaBall drawn from 27 Balls, with odds of 1 in 41,416,353. Jackpot starts at $7 Million Dollars. The odds of winning the PowerBall is 1 in 146,107,962. 5 Balls to Pick from 55 Balls and 1 PowerBall from 42 Balls. Jackpot starts at $15 Million Dollars. The odds of winning the MegaMillions is slightly higher than the PowerBall which is at 1 in 175,711,536. There are also 5 Balls to pick from 56 Balls and 1 MegaBall from 46 Balls. Jackpot starts at $12 Million Dollars.
After looking at the different Lottery Models, the following will be the Criteria of our Business Model. The starting jackpot will be set at $20 Million Dollars but could easily reach more than $1 Billion Dollars because it will be drawn three times a week, which is 50 drawings more. There will be 5 Balls to Pick from 57 Balls, plus 1 GigaBall from 47 Balls. The odds to win is 1 in 196,793,982.
As Owner/Operator and not as Administrators for State or Country Lotteries, we can appropriate our earnings and charitable allotments in the following manner: 50% of every dollar wagered goes back to the wagers as prizes. 25% of all ticket sales go to support the afflicted and to alleviate the plights of the poor and disenfranchised, and victims of natural calamities around the world. We will provide monetary aid to global issues concerning environment, education, health, and welfare. Approximately 25% goes back to LOTF for lottery operating costs and expenses.
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Jackpot Casino is a compilation of classic gambling games of the kind you’d find in Las Vegas. It includes Craps, Roulette, Video Poker (Deuces Wild, Tens or Better, Aces and Eights, Joker Poker, One Eyed Jack, Jacks or Better), Caribbean Poker, Blackjack (aka Pontoon or Twenty-one) and Slot Machines (ordinary slots and puzzle slots).
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Does God play the lottery? Nah, but He sure seems to be speaking through the numbers sometimes!