How Digital E-Lottery Overcame The Traditional Paper Lottery Industry
Paper lottery v/s digital lottery
E lottery System
Paper lottery System
|E lottery does not require space and human interaction, it brings players together in a given cyber space.||Paper lottery requires a physical space, maintenance and direct contact with players.|
|E lottery caters to a much wider range of people as it brings people from the globe over the geographical boundaries.||Paper lottery comes with geographical boundaries and it has to follow local rules & regulations.|
|The E lottery is all online. It involves people playing in a cyberspace where there is no interaction involved. Hence, building trust can be a little difficult at times.||Paper lottery requires direct human contact. Hence, building trust in this is easier. |
|In this, people play for huge amounts of money. This portal gives them the liberty to plan and create strategies.||Here, everything is done in one place at the same time. Hence, there is no time for planning. Only executing is the key here.|
|It provides higher flexibility. It has options in its prices, promotions, discounts, etc. Hence there is no clear understanding of the rules.||Paper lottery is not flexible as an E lottery. It has a clear set of rules, fixed pricing and rewards.|
|These portals have to be updated from time to time because there is no space for technical glitches here. ||Paper lotteries have no such requirements. They are operated in the same manner as they used to be.|
|It is essential for the E lottery lottery businesses to operate with utmost security mechanisms for online transactions.||In case of paper lottery, no such security mechanisms I required as there is no online transaction.|
- The Linux platform is used in developing the app which is compatible globally.
- Financial transactions can be safely done since the app is totally encrypted.
- Multiple transactions of large amounts can be done quickly.
- The app has a built in accounting system for easy functioning.
- Hardware requirements of the agents are minimized.
- Client friendly User interface which can be customized.
- Online support by E-lottery Expert by Kimaya during and after installation.
Online lottery and Market Response
As stated by prnewswire global lottery market to grow at a CAGR of 9.44% during the period 2017-2021. The lottery market globally has started taking advantage of the growing opportunity by allowing it to expand demographically. The traditional lotteries are being gradually replaced by E lottery in order to sell the digitized versions of the lottery tickets. Since the government has simplified the rules of digital lotteries, the growth scenarios in the worldwide market have increased. Legalization of lotteries will further assist in providing lots of finance to the government. E lottery Industry is expected to get a great boost in the future and develop as a new mode of entertainment. Don't wait anymore and win easy money through e lottery.
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