..

1 Billion Dollar Lotto Jackpots Possible

Written by:
Aaron Goldstein
Published on:
Feb/14/2012
1 Billion Dollar Lotto Jackpots Possible

Lottery ticket sales continue to skyrocket with the third largest prize given away this past Saturday and now there is talk that jackpots could start hitting between $500 million and $1 billion. 

A Rhode Island man won $336 million in that state’s Powerball jackpot. 

"Could we see even bigger numbers? Anything's possible," Rebecca Paul Hargrove, head of the Multi-State Lottery Association (MUSL), which coordinates Powerball, told USA Today.

"When a jackpot hits $200 million, it becomes water cooler talk and the increase in play is dramatic."

The winning concept, according to Terri La Fleur, publisher of the gaming journal La Fleur’s:  Big jackpots drive big ticket sales.

"We envision it can go over $500 million," La Fleur told the newspaper.

- Aaron Goldstein, Gambling911.com

 

Gambling News

Sports Betting a Potential Threat to Tribal Casinos

Sports Betting a Potential Threat to Tribal Casinos

Tribal leaders sounded the warning that sports betting could undermine their own businesses.

Jeopardy! Slots to Debut at G2E With Champ James Holzhauer

Jeopardy! Slots to Debut at G2E With Champ James Holzhauer

Jeopardy!-themed IGT slot machines will be debuting at this year's G2E and the third biggest Jeopardy! money winner of all time will be on hand to usher them in.

Join thousands of agents and make your bookie business work

The 2019 football season is in full swing and here we are nearing the midway point in college and the NFL is heating up and winning the bookies money.

Gambling and Sports Betting News Wire - October 14 2019

Here are today's headlines in the world of gambling and sports betting as they happen - Monday October 14, 2019.

Experts Agree Proper Regulation Could be the Best Bet for South African Gambling

Experts Agree Proper Regulation Could be the Best Bet for South African Gambling

Since colonization by the Dutch in the 1600s, South Africa gambling has traditionally operated under heavy restrictions. Officially these restrictions began in 1673, with the South Africa Gambling Act of 1965 codifying more recent game restrictions into national law. Up until 1996, the only real legal form of betting available for South African’s was on horse racing, which was considered a sporting activity.

Syndicate