LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Powerball hits $1.3 billion. Most people still buy tickets in person, but more lottery apps emerge

Tom Robbins by Tom Robbins
April 5, 2024
in Investing
Powerball hits .3 billion. Most people still buy tickets in person, but more lottery apps emerge
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


The growth of ‘lottery couriers’

U.S. lottery sales exceeded $113.3 billion in 2023, according to the North American Association of State and Provincial Lotteries.

With varying state and provincial regulations, players have different purchase options, such as in-person or online sales, depending on where they live.

One option is lottery-courier services, which accept orders and buy lottery tickets on a customer’s behalf.

“Lottery couriers are still relatively new,” said Mike Silveira, chief of staff for Jackpot.com, which provides digital lottery-courier services. “This has to be one of the last consumer-facing industries to shift online.”

This has to be one of the last consumer-facing industries to shift online.

Mike Silveira

Chief of staff for Jackpot.com

Players can use Jackpot.com to order state lottery tickets via mobile phone, tablet or computer. The company buys the ticket on behalf of customers and scans an image of the ticket directly into the app.

As of April 5, Jackpot.com operated in five states: Arkansas, Ohio, Massachusetts, New York and Texas. But the company expects to see more state approvals, Silveira said.

DraftKings in February acquired Jackpocket, another lottery app, which operates in more than a dozen states.

While ticket purchases now have digital options from state lotteries and third-party companies, most players still buy lottery tickets in person, according to Drew Svitko, executive director of the Pennsylvania Lottery.

He said the state has roughly $5 billion of in-person lottery sales yearly across 10,000 retailers and about $1 billion in online sales.

However, the Pennsylvania Lottery’s app has boosted brick-and-mortar sales by “reaching a new audience,” Svitko said.

The latest Powerball jackpot comes roughly one week after a single ticket purchased in New Jersey won Mega Millions’ fifth-largest grand prize of $1.128 billion.

That grand prize is back down to $67 million and the chances of winning are roughly 1 in 302 million.

Don’t miss these stories from CNBC PRO:



Source link

You might also like

Friday’s big stock stories: What’s likely to move the market in the next trading session

This auto supplier just pivoted to AI data centers. Wall Street is really bullish

How EPA ‘endangerment finding’ repeal could impact your wallet

Share30Tweet19
Previous Post

BlackRock says this is the ‘last best opportunity’ to buy these bonds

Next Post

England vs Sweden: Euro 2025 qualifier – LIVE!

Tom Robbins

Tom Robbins

Recommended For You

Friday’s big stock stories: What’s likely to move the market in the next trading session
Investing

Friday’s big stock stories: What’s likely to move the market in the next trading session

February 13, 2026
This auto supplier just pivoted to AI data centers. Wall Street is really bullish
Investing

This auto supplier just pivoted to AI data centers. Wall Street is really bullish

February 12, 2026
How EPA ‘endangerment finding’ repeal could impact your wallet
Investing

How EPA ‘endangerment finding’ repeal could impact your wallet

February 12, 2026
With the market rotation underway, agribusiness stocks may be ready for a bounce
Investing

With the market rotation underway, agribusiness stocks may be ready for a bounce

February 12, 2026
Next Post
England vs Sweden: Euro 2025 qualifier – LIVE!

England vs Sweden: Euro 2025 qualifier - LIVE!

Related News

BMO Capital Markets upgrades Oracle to outperform following earnings blowout

BMO Capital Markets upgrades Oracle to outperform following earnings blowout

June 13, 2025
Korean internet giant Naver to acquire Upbit, eyes stablecoins: Report

Korean internet giant Naver to acquire Upbit, eyes stablecoins: Report

September 25, 2025
Formula One gets upgraded by Citi, which says concerns around Las Vegas race are ‘overblown’

Formula One gets upgraded by Citi, which says concerns around Las Vegas race are ‘overblown’

October 6, 2023

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • jutawantoto
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?