LOTF is offering a $1000000 finder’s fee to anybody who can find an investor to fund this project. The business objective is to create an offshore lottery operation that will be innovative more cost-effective, highly profitable and simply better than the existing models. In order to project the future, we must learn and understand the past. The lottery has been around since the beginning of recorded history. Last year, the biggest prize pool of any lottery in the world, totaling over 2 Billion Euros or $2.8 Billion Dollars was won in Spain. In March of this year, $370 Million Dollars was won in the megamillions lottery and is now the largest US jackpot ever. The total 2006 revenues derived from the Gaming Industry breaks down as follows: The Casino Total was $96.1 Billion Dollars and the Lottery Total was $200 Billion Dollars. The Revenues overseas, more than doubled that of the US. The Lottery operations overseas, although different from each other, mostly do not deduct taxes from the jackpot, unlike the US counterparts. The Spanish Christmas lottery, El Gordo or ‘The Fat One’, is the biggest lottery in the world and also one of the oldest, having started in 1812. El Gordo has the biggest prize pool of any lottery in the world. The odds of winning the El Gordo this year could reach 1 in 28571429 based on their projection that the jackpot could reach $4 Billion Dollars at the cost of $200 Dollars per lottery number. These consist of 10 tickets that can also be purchased …
Ellen