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Blockchain Lottery Platform transforming Lottery Industry Bringing fairness to the lottery ecosystem” The lottery is a type of gambling which involves the drawing of specific numbers to win the large prizes. Many people consider it as a gaming product, but it is a high volume industry which can also be called as a commodity.

One of the lottery directors said, “Lotteries are different from any other gaming product. Lottery players risk a small amount of money against very long odds to win a large prize, with the net proceeds going to the public good.”

The lottery industry keeps a 29% share of the entire global gambling revenue.

Increased from $187.1 billion in 2004 to $284.3 billion in 2014, the global lottery represented an annual growth rate of 4.3% over ten years.

But with the growth of the digital economy, the industry faces challenges like the lack of transparency and fairness.

The world demands more transparency and fairness with advanced technologies like blockchain.

The distributed nature of blockchain promises innovation in the lottery industry.

Before we explain how blockchain lottery implementation will enhance the current lottery system, let’s first discover the challenges faced by the industry.

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Fairness

It is essential to ensure the integrity of the games to avoid the risks of manipulation or frauds. Lottery players doubt the fairness of lotteries and ask the following questions:

Are the deal and ticket real or not?
Is the random number generation (RNG) method secure and random?
Are the prizes paid on time?
Is the jackpot winner real?
Is the money accumulated in one pool and used for social causes?

Since the traditional lotteries fail to answer the above questions, lotteries lack fairness in the system.

Here are some of the real cases of manipulation in the lottery industry:

The 1980 Pennsylvania Lottery Scandal (The Triple Six Fix)The scandal of Pennsylvania was a plot to rig the Daily Number, a three-digit number. Except the balls numbered 4 and 6, all the balls in three machines were weighted. Therefore, it was sure the drawn number could be a combination of 4s and 6s.

The planned scheme got successful as 666, one of the eight combinations of 6s and 4s, was drawn on April 24, 1980. The fix led to a significant change for the lotteries.

The illicit winnings were never paid out while the chief conspirators were imprisoned.

Hot Lotto Fraud Scandal (IOWA Lottery Case)Eddie Raymond Tipton, former information security director of the Americal Multi-State Lottery Association, affirmed to rigging RNG that he and two others used in various cases of state lotteries frauds.He installed a software code which enabled him to modify RNG and guess winning numbers on specific dates of the year. Because of the altered RNG, he won a $14.3 million jackpot in 2010.As a result, Tipton was convicted and sentenced to ten years imprisonment in 2015.

Therefore, it is essential to bring fairness to the lottery systems.

Availability

Due to the smaller size of the domestic market, users from different countries cannot get involved in the biggest lotteries in the world. They are restricted to participate in smaller local lotteries.Though new online solutions enable players to purchase worldwide or US lottery tickets, the service charges and risks of fraud and mismanagement are higher.

As of now, the state and law regulations control the way lotteries are carried out in different corners of the world. On an average, not more than 50% of funds gathered from ticket sales are issued to the prize pool.Also, the lottery participants have no control over how much money should be collected from ticket sales, and lottery winnings are taxed in some countries.

Distribution of Funds

Lotteries are served as funding for charity and other social projects. But in many cases where countries have high levels of corruption, players can question the fair distribution of funds.

Since there is no way to get information about the distribution of funds, it could be the biggest challenge for the players to build trust in the specific lottery association.
Because the blockchain is a distributed ledger technology with a secure write-forward authentication system, it can add data without the risk of a single point of failure. Every node involved in the blockchain network has a copy of the ledger.
Users can update the information into the ledger without the involvement of a third party. It gives individuals more power and flexibility.
Therefore, the blockchain can be well implemented in the lottery or gambling industry.

Blockchain Lottery

Android/iOS App or Web Platform for PlayersWeb Platform for Admins to deploy smart contracts.

Step 1: Players sign up to the lottery platform Lottery players need to sign up to the platform to participate in the lottery and become its member

Step 2: Admin announces the ticket openings and deploys the smart contracts Admin announces the ticket openings on the platform and the notification is sent to the users. They also deploy smart contracts, which contain pre-defined rules for the lottery game to bring fairness and transparency to the ecosystem.


Step3 : A Random number is generated and recorded on the blockchain Since the random number generator is based on the blockchain, the algorithm relies on recent random blockchain transactions. It pulls a specified amount and order of numbers to generate each winning number sequence.

“Blockchain Lottery Platform transforming Lottery Industry Bringing fairness to the lottery ecosystem”

The lottery is a type of gambling which involves the drawing of specific numbers to win the large prizes. Many people consider it as a gaming product, but it is a high volume industry which can also be called as a commodity.

One of the lottery directors said, “Lotteries are different from any other gaming product. Lottery players risk a small amount of money against very long odds to win a large prize, with the net proceeds going to the public good.”

The lottery industry keeps a 29% share of the entire global gambling revenue.

Increased from $187.1 billion in 2004 to $284.3 billion in 2014, the global lottery represented an annual growth rate of 4.3% over ten years.

But with the growth of the digital economy, the industry faces challenges like the lack of transparency and fairness.