Lotteries find new ways to profit
By staff
A survey of gambling companies has found future profits may be better found outside traditional areas.

Currently, interests outside the core gambling business can account for up to 40 percent of some lotteries profit totals, and this figure is expected to rise.

Of the 100 companies surveyed, two-thirds consider expansion beyond their basic business plans a growth area, into sectors such as offering gambling product services and technology provision.

The findings also show a move to private ownership of state-run lotteries. Survey author Martin Oelbermann said: “85 percent of the state operators surveyed expect that the number of privatized state-licensed lotteries will increase in the next 3-5 years”.

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