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    • News

      News

      The Lotto Matrix: Massachusetts iLottery Delay, Kentucky Ends Popular Lottery Draw, Lottery.com And More

      Also, unexpected lottery purchase produces huge win and Lottery.com is getting back on track

      By Erik Gibbs

      Last updated: October 18, 2024

      3 min

      Welcome to this week’s “Lotto Matrix,” a weekly Friday compilation of the lottery industry’s most significant, interesting, or absurd happenings.

      Massachusetts delays iLottery rollout

      The launch of the iLottery in Massachusetts, an online extension of the state’s traditional lottery, has been postponed to April 2026. Originally, iLottery leaders anticipated a 16-month timeline to establish the program after legislation was passed in July, but they are currently awaiting necessary funding.

      iLottery authorized in Massachusetts as Governor Healey signs FY 2025 Budget.

      Full Story > https://t.co/Mttg3C1q9V#MassLottery#StateOfWinning#iLottery pic.twitter.com/SsHs8s3Qle

      — Mass. State Lottery (@MAStateLottery) July 31, 2024

      In the interim, iLottery officials, including Chief Officer Christian Teja, have been meeting with potential vendors and preparing for the launch. Teja highlighted the need to modernize the lottery by making it available online, particularly to compete with the rising popularity of online sports betting. He noted that the gaming industry has evolved rapidly in recent years, with casinos, daily fantasy sports, and mobile sports betting becoming prominent.

      The traditional lottery has primarily operated as a cash-based business through retailers. However, Teja emphasized the importance of adapting to the digital marketplace, where consumers increasingly use mobile devices for transactions. “We needed to be competitive in the same space where people are doing all sorts of transactions on their phones,” he explained.

      The iLottery project is expected to cost approximately $2.5 million to launch, but Teja is confident it will become self-sustaining once it starts generating revenue.

      Sun sets on Kentucky lottery draw

      The Kentucky Lottery’s Kentucky 5 draw game is preparing for retirement after years on the market. Starting on November 3, players will no longer be able to purchase Kentucky 5 tickets, bringing the game’s chapter to a close. However, the Kentucky Lottery is offering players a final opportunity to win big through a special promotion tied to its farewell.

      As the game approaches its end, the multi-draw options already stopped on October 1, and winning tickets must be claimed within 180 days after the draw date. Kentucky 5, which debuted in November 2021, has been a fan favorite in the state, allowing players to choose five numbers from 1 to 39 for just $1 per play. For an additional dollar, players could add Xtra, multiplying their winnings on non-jackpot prizes.

      In appreciation of the game’s success, the Kentucky Lottery is hosting a second-chance promotion. Players who buy $5 or more in Kentucky 5 tickets, either in-store or online, before November 7 can try for one of the eight prizes that will share 25% of the final Kentucky 5 jackpot. If the jackpot is not claimed by November 2, a guaranteed prize pool of no less than $40,000 will be distributed, with each winner receiving at least $5,000.

      Lottery.com receives clean bill of health

      Lottery.com Inc. recently announced that the Securities and Exchange Commission (SEC) declared the company’s Form S-1 Registration Statement. This approval, accepted on October 16, marks a significant milestone in the company’s efforts to improve its financial stability, which has been unclear since 2022.

      These reforms included regulatory inquiries, restoring compliance with Nasdaq and SEC reporting requirements, restructuring its workforce, and overcoming capital shortages. With the registration now effective, Lottery.com explained that it’s now ready to explore new growth and expansion possibilities.

      The Registration Statement allows approved securityholders to publicly resell their securities, provided they meet the SEC’s requirements. Additionally, the company is offering up to 50 million shares of Common Stock at $3.00 per share. The prospectus included in the Registration Statement can be accessed via the company’s website or through the SEC’s official site.

      Lottery.com has also outlined key initiatives to drive future growth. The company plans to expand its operations across multiple U.S. states by the end of next year, with international expansion also in the pipeline. A new gaming model is expected to be introduced globally in 2025, as well.

      Another major initiative is the growth of Sports.com, a platform that Lottery.com launched earlier this year through its acquisition of S&MI Ltd. This sports content platform utilizes advanced 3D technology to deliver innovative gaming experiences, with expansion planned in the U.S., Europe, and the Middle East before the middle of next year.

      Impromptu purchase turns into $500,000 windfall

      A Muskegon County woman had a random urge to buy a lottery ticket and ended up winning a $500,000 prize playing the Michigan Lottery’s 777 Jackpot instant game! ➡️ https://t.co/Ihr7DYNJzu pic.twitter.com/L9ik2vuT69

      — Michigan Lottery (@MILottery) October 11, 2024

      A Michigan woman received a nice surprise when she discovered the prize amount on a $5 scratch-off lottery ticket.

      In an October 11 news release from the Michigan Lottery, the 64-year-old anonymous winner recounted that she had not played the lottery in a while but felt a spontaneous urge to buy an instant ticket that day. When she scratched the ticket at home, she was astounded to find that she had won $500,000.

      She plans to use her winnings to pay off bills and save the remainder for future needs. Following her win, the lottery revealed that there are still two $500,000 prizes available in the 777 Jackpot game, which was launched in August.

      Best Of The Rest

      Florida makes a new lottery millionaire: Lottery ticket worth $1 million sold at Florida Publix

      Scientific Games keep KY Lottery rolling: Kentucky Lottery Fuels 10 More Years of Education Funding with Scientific Games Enhanced Partnership

      4 million reasons to celebrate: Mass. State Lottery winner: $4 million prize won from $10 ticket

      The cat’s out of the bag: Central Iowa Man’s $500,000 Lottery Prize No Longer Secret

      Check the prize box and see you next week!

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