Looking for the next big thing in lottery
14th April 2021
| By Joanne Christie
Amit Lakhani, investment director at Zeal Ventures, explains how Zeal’s investments in lottery start-ups are aimed at attracting new audiences into what is often seen as an ageing vertical. By Joanne Christie.
When Zeal Network abandoned lottery betting and shifted its business model to focus on brokerage back in 2019, it signified a clear move towards a more traditional type of lottery operation.
Despite the lower margins of brokerage, the company was convinced the legal position of lottery betting had become too precarious to be sustainable. The company’s financial results since the change would seem to indicate that the decision to work as partners of rather than competitors to official lotteries is paying off.
The latest tech goes hand in hand with any industry that offers online services, including gambling. Online gambling dens and games provide the significant upside of delivering a wide range of options at the click of a few buttons. The service comes to the gambler rather than having to seek it out like with brick-and-mortar establishments.
exciting games that are offered in the world of online casino
While omnipresent casino access is a significant upside, most people were reluctant to trust the service when it first came out due to security concerns. The virtual nature of the internet means that anybody can access data on the platform from anywhere if it is not secure. Over the years, gaming clubs have used technology to secure their services and reassure clients who choose to engage in them. Some of the ways tech has come in handy to boost casino security are broken down in this article.
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