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All you Need to Know About Retail Lottery Solutions

All you Need to Know About Retail Lottery Solutions

  • 4:20 pm
  • Lottery
TABLE OF CONTENTS
  • Introduction
  • Types of lottery platforms to engage different users
  • What is USSD in the lottery?
  • What is a retail lottery?
  • Lottery Kiosk
  • How to set up your retail lottery business?
  • GammaStack : Offering comprehensive online lottery software solutions
  • Sources
  • Frequently asked questions
Starting an online Lottery Business is really a critical task which demands attention, time and effort. An online lottery business owner must carefully understand the basics as well as core components of the business to have a profitable business plan. The increasing competition in the industry has made it tough for the businesses to survive in the industry without having a USP or an exclusive set of offerings which keeps them distinguished from others in the industry. There are different ways of engaging audiences for your lottery business such as online lottery software, lottery mobile app, etc. You can also manage your retail lottery operations easily through lottery management software which handles all of your retail lottery activities and operations in an efficient and time-saving manner. Thus you must upgrade your lottery business on a time to time basis to implement industry trends as well as smart ways to optimise your business processes.
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Types of lottery platforms to engage different users

Different users have different requirements of lottery platforms which depend upon their convenience, budget and availability of time. Here are some of the types of lottery platforms for engaging different types of users:-
  • Online lottery platform
  • Lottery mobile app
  • iLottery
Let’s discuss these lottery platforms in detail.

Online lottery platform

People have now migrated from land based lottery systems to online lottery platforms due to multiple benefits offered by the online systems. Players find it really convenient to enjoy lottery gameplay on their laptops, desktops or smartphones instead of visiting land based lottery platforms. Online lottery business is a broad stream which covers multiple components such as lottery games, online lottery website, mobile apps, etc through which lottery players can have a convenient and enjoyable gameplay. An online lottery platform can be accessed by players through:-

  • Desktop
  • Laptop
  • Smartphones
  • Tablets
    etc.
An online lottery software possesses omnichannel capabilities thereby allowing players to access lottery platforms on different browsers and devices. You should have a strong online lottery business plan and should look for channels through which you can get growth and success in the market.

Mobile lottery

Mobile lottery is a kind of online lottery which employs mobile devices for online lottery gameplay. There are different lottery mobile apps launched by online lottery businesses that can be downloaded by players on their mobile devices including android and iOS. By using lottery mobile apps, it becomes really convenient for the players to access and enjoy their desired online lottery gameplay on their mobile devices without having any kind of troubles. They just need secured internet connection and a smartphone through which they can access their desired online lottery gameplay.

iLottery

iLottery is quite similar to online lottery as it refers to lottery drawings or games which are available online through an app or a website. Multiple iLottery options are offered by different state lotteries for reaching their target audiences as well as players which are outside the scope of traditional retail lottery channels. Through iLottery, an account can be created by the customers and they can play through an internet connection with a computer, smartphone or tablet. Same as printed ticket lotteries, players are allowed by iLotteries to choose a drawing, select the number of tickets to be purchased, pick numbers set, etc. Players can instantly play lottery games through iLottery games instead of scheduling drawings. Instant iLottery games can be accessed easily through iLottery thus customers are engaged towards it. iLottery possesses multiple engaging features and options such as promotions, bonuses, etc for building a loyal customer base.

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What is USSD in the lottery?

Different new terminologies and trends are arriving in the online lottery industry and to stay ahead of other competitors in the industry, you must keep yourself aware about every other trend, terminology, etc. USSD is basically a menu based lottery in which bets can be placed by the players using keypads. This kind of online lottery system is mainly popular in areas in which smartphones are not used commonly. This technology is quite outdated as for signal, it is based on cell phone towers but for areas which do not have Wi-Fi infrastructure, it is a good option.
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What is a retail lottery?

Retail lottery is any kind of brick-mortar setting in which there is selling of printed lottery tickets and for street sales, a portable ticket machine is included. Retail lottery includes lottery kiosks, POS(point of sale) transactions and anything that is not just based online. Although in a retail business, the equipment can be connected to a lottery database which is online. Technically it cannot be considered as an online lottery because the tickets purchasing needs to be done at a physical location. But, for smooth running of a retail lottery business, a lottery management software can play a big role. It can simplify their processes by efficient handling of the retail lottery operations through different features such as ticket management system, player account management system, transactions management, risk management and much more. Thus you should opt for a lottery management software in order to efficiently and flawlessly manage your retail lottery business.

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Lottery Kiosk

Lottery kiosks can prove to be an indispensable aspect of your lottery business plan.These are basically self service machines allowing players to buy tickets or do placement of bets through an interactive display. You should do a thorough research about the market before making any investments in technologies or hardwares. You should get an understanding of your target audiences playing preferences and habits and should also check your competitor’s strategies. You can either lease a lottery kiosk machine from a vendor or can purchase your own. While owning a lottery kiosk, there comes a responsibility of managing technology as well as equipment which are needed for smooth operation of a lottery kiosk.
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How to set up your retail lottery business?

For setting up any business, you should first conduct a well-defined research and understand the market, its trends, competitors strategies and then create a well customised plan for your business.

Talking about lottery business plans, you should first identify your targeted market and audience.

For those audiences or geographies who do not have much access to smartphones or technologies, online lottery software or lottery mobile apps do not prove to be of much use.

Similarly, for geographies where audiences prefer playing online rather than visiting land based lotteries, it is crucial to launch a lottery software or mobile apps.

But despite starting a retail lottery business, you will still need the support of technology.

A lottery management software can make your retail lottery operations smoother, quicker and efficient.

An online lottery software provider can perfectly guide you and suggest the most suitable solution as per your lottery business requirements.

Launching or starting your lottery business without having a detailed plan is of no use as you will have several hassles in running your business.

Thus you should be very clear about your lottery business plan, budget, target audiences, etc and then commence your lottery business in a smooth manner.

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GammaStack : Offering comprehensive online lottery software solutions

Are you also owning or planning to start a retail lottery business and looking for a lottery management software through which your business operations can be handled efficiently? Then you must count on GammaStack and get an advanced and feature-rich lottery management software which can be customised completely based on your needs. Our lottery management software possesses all the engaging features for smooth running of your lottery business such as:-
  • Real-time inventory update
  • Easy scanning options
  • Ticket performance trackers
  • Detailed inventory and sales reports
  • Campaign management
  • Transactions management
  • Risk management
  • Players management
  • Employees management
    and much more
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Sources

  • https://blog.bindy.com/lottery-retailer-checklist/

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