Historically, people have believed that lottery is a tax on people that are bad at math. While the mechanics behind the lottery business are very clear, it goes without saying that the gambling sector has been growing substantially over the course of the last 20 years. And it is also safe to assume that the lottery has massively contributed towards the sector’s growth. Between the years of 2004 and 2014 lottery revenues have nearly doubled, rocketing from 187 billion USD to almost 300 billion USD.
Next to this, by looking at the stock price changes of such companies as Playtech (LON: PLC) we can clearly see that the iGaming sector has been growing disproportionally to the general gambling sector. This is a clear indication of the fact that people tend to transfer their habits to an online environment. Still, what makes Fire Lotto stand out from the bunch of various offline and online lotteries that have already been developed?