270 likes | 434 Views
Lottery is a tool for raising cash, by trading varied sets of numbers, and distributing rewards to the bearer for the set of number drawn at random. It is a game whose victory or failure is lead by probability. To know more about starting a lottery business visit our website http://www.dusaneinfotech.com.
E N D
Introduction : Lottery • A tool for raising cash, by trading varied sets of numbers, and distributing rewards to the bearer for the set of number drawn at random • It is a game where victory or failure is lead by probability • Lottery is a business of Chance and Probability Essentials of Lottery - • Pay to enter a Game • At least one prize exists • Rewards purely on chance
Models of Lottery • SOCIETAL LOTTERY • WORK LOTTERY • RESIDENT’S LOTTERY • CUSTOMER LOTTERY • INCIDENTAL NON-COMMERCIAL LOTTERY • LOCAL AUTHORITY LOTTERY
Societal Lottery • Societal lottery can be conducted by any group, institution, corporation or association of people and any separate section of any such entities • It can be a means to raise funds for various non-profit organizations • Categorized into three types - • Small Societal Lotteries - Maximum limit for the tickets that can be sold and can function without a Gambling Commission License • Large Societal Lotteries - Minimum limit for the tickets to be sold and necessarily need a license to function • Private Societal Lotteries - Only a member can publicize private lotteries, and market to members of the same society
Work Lottery • Work lotteries are just for pleasure and can only be conducted and played by co-workers at a certain workplace • All the earnings are usually utilized for rewards or expenditures towards organizing the lottery • No license or registration is required to conduct Work Lottery, except when the workplace does not allow such activities then registration is required
Resident’s Lottery • The campaigner of lottery must be an inhabitant of a residential complex • Lottery tickets can be sold only to other residents of the same habitat • Such lottery does not require any permission to function
Customer Lottery • This lottery can only be run by a particular venture at its own site, exclusively for its own customers • There has to be a limit for the prize that will be awarded • No licensing is required to run Customer Lottery • No promotions can be generated or publicized • The tickets provided to customers should be non-transferable
Incidental Non–Commercial Lottery • This lottery can be conducted during some specific event • Lottery tickets must be sold while the event is on and the results should be declared during the event • Does not require any licensing or registration to function • No rollover of prizes should take place
Local Authority Lottery • Conducted by local authorities of a region • To function, an operating license is necessary • The earning can be used for any purpose related to expenditures incurred
Case Study: Lottery Models that operate in South Africa • Entertainment Lottery • Regulated by the Lotteries Act. • Self-regulated, but needs to observe a few rules to stay within the legal boundaries • All proceeds must be utilized for public welfare • None of the prizes should be monetary and the complete value of the prizes should not exceed R5000. • Pricing of tickets should range between R10 to R10,000.
Case Study: Lottery models in South Africa • Private Lottery • Regulated by the Lotteries Act and are self-regulated • Written intimations are not allowed to be displayed, except for the lottery ticket • The maximum number of lotteries that can be run in a year are 12 • No administrative fee or expense share would be deducted from the lottery earnings • The price of a single ticket would range from R10 to R10,000 • The gross value of the prizes must not exceed R10,000 • The promoter or initiator of the lottery should be an authorized member of the private Organization that is conducting the lottery
Case Study: Lottery Models that operate in South Africa • Society Lottery • Lotteries conducted to uplift reserves for various non-profit ventures and regulated by the Lotteries Act • Society lottery must be organized completely within South Africa licensed by the NLB (National Lotteries Board) • Organizations gaining from the lottery should in no way be related to gambling, betting and lotteries • Entire proceedings after the deduction of expenditures should be consumed for charitable purposes, promotion of cultural and sports activities, etc • No more than 6 lotteries can be organized in a year on behalf of a particular society
Case Study: Lottery Models that operate in South Africa • Promotional Competitions • They are administered by the Consumer Protection Act • Basic rules laid are: • Ban on misleading communication. • Prohibition of payment to participate. • Restriction on prize winners. • Responsibility to publish rules and other details. • Rights of participants. • For more details visit : http://www.nlb.org.za/competitions/types-of-lotteries-and-regulation.html
Why DusaneInfotech? • Global turnkey implementation experience of gaming solutions in 17 countries across 4 continents • Gaming solutions implementations across Africa in Chad, Ghana, Kenya, Senegal, Cameroon, Zambia, Lesotho, Mauritius, Nigeria, South Africa, Swaziland, Uganda and Zimbabwe • Hardware agnostic system with latest technology • Implementation for 50,000+ lottery terminals across globe
Contact us • DusaneInfotech India Pvt. Ltd. • 4th Floor, Sambhav I.T Park (TJSB House), • Behind APLAB, Wagle Estate, • Thane (West), Mumbai - 400 604 • Phone: +91 22 41618300 • Email ID: solutions@dusaneinfotech.com Website: www.dusaneinfotech.com