Wealth is non-uniformly distributed in the society such that the socio-economic statuses of people have been used to divide populations of people into various social classes. According to a 2015 study, the upper class (the rich), which are about one per cent of population control almost half of the world’s wealth. Most poor people and those below the upper class band have turned to lottery to change their economic fortunes; even some governments across the world operate national lotteries to augment state budget and fund social projects. This portrays lottery as a social culture where players are perhaps just one game away from elevating their socio-economic status.
Lottery is a legalized and regulated gaming system which involves the drawing of lots for a prize. It is endorsed and regulated by governments in some countries with national and state-controlled lotteries or private lotteries taxed by the government. The lottery market is very big and lucrative with more than 273 billion USD generated in global ticket sales in 2017; however, there is an apparent change in social habit potentially impacting on the growth and revenues of existing global lotteries. The traditional lottery industry is outdated, plagued with lack of innovation due to the seeming slow pace of adopting newer cutting-edge technologies. A system where players have to locate physical outlets such as supermarkets to purchase tickets is unappealing and fast waning.
This old way is unattractive to younger generation of players who are tech savvy and internet-driven. This world has gone digital and migrated to powerful cutting-edge technologies to provide innovative solutions and products in diverse sectors. Millenials represent a customer base that is yet to be fully explored in the lottery industry, not even by online lottery industry. Because of the huge revenue that can be generated through lotteries, online lottery industry faces strict policies which are meant to protect government controlled lotteries against competition. In some countries, online-based or foreign-owned lotteries are completely outlawed. This creates a wall for growth and innovativeness. Furthermore, there is lack of trust in the results of lottery due to the way lucky numbers are drawn. The systems employed in picking winning lotto numbers are not resistant to manipulations and this can undermine the credibility of the game.
GG World lottery understands these challenges and their overall impacts on the lottery industry, being part of the industry with over two decades of experience and involvement in the industry, they have come up with the right solution powered by cutting-edge technology and smart strategies.
INTRODUCING GG WORLD LOTTERY
GG World Lottery is an entirely online-based, transparent, government-licensed, global lottery system with the intent to open up emerging lottery markets across the globe and fully capture younger players, the millenials, thus re-energizing global lottery system. By leveraging blockchain technology, true Random Number Generator, and mobile device technology, GG World Lottery will be able to operate a problem-free, transparent, and easy-to-play lotto system for any category of player as long as there is internet and mobile devices.
The chief mission of GG World is to deliver the best gaming experience globally and stimulate the participation of the millenials in lotteries. The state-of-the-art crypto technology introduced by GG World Lottery will help to solve the myriads of problems faced in the world of lottery. Blockchain technology is a recent innovative technology that provides transparency, decentralization, immutability, and security. By employing Smart Contract technology based on blockchain and True Random Number Generator, GG World lotteries will be provably fair and transparent. The credibility of this system will be monitored and certified by Gaming Laboratories International, a leading global gaming certification company.
Players will be able to access and play lotteries on their mobile devices, eliminating the outdated system whereby player have to buy physical tickets in brick-and-mortar outlets. Players can rest assured of the legitimacy of GG World lotteries as it has acquired seventeen government licenses in twelve countries in Africa empowering them to operate regulated national lotteries, with more acquisition to come as the company expands to other continents. This is a milestone and is superior to other online-based lotteries that are unregulated and restricted from operating in some countries.
FINAL THOUGHTS
GG World lottery solutions are truly innovative and unique from existing lotteries. It is envisioned by Mark Hutchinson who is a veteran in the global lottery industry with more than three decades of experience in the industry. The team boasts of highly competent professionals in technology and lottery industries. The project ushers in a new era of gaming powered by innovative strategies and technologies. GG World empowers players to change their economic fortunes without encroaching on their work and leisure time. It is undoubted that it will be a prime choice among younger generations of lottery players across the globe. The native coin of the platform, GGCoin, is in token sales. It is an opportunity to participate in such a lucrative and highly prospective project as token holders are entitled to a lifetime revenue share, which will be disbursed quarterly.