How Raffle Systems Built On Blockchain Provide Full Transparency

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Traditional lotteries continue to witness a gradual decline over the years as younger generations are getting access to other money-making options that are equally exciting yet have more odds of winning. According to Statista, the revenue of American lotteries is starting to plateau in recent years.

Regardless, many people still participate in lotteries all over the world in addition to online casinos growing in popularity. The source claims that the UK alone contains around  70% of people aged 18 years and above are regular participants in lottery games. That being said, approximately half the population in the UK purchases tickets to lotto games every week, according to the source. That’s more than 30 million players weekly, given the UK’s current population of 67 million.

On the other hand, the US with Powerball and Mega Millions have more players, given the comprehensive operation of these lotteries in 45 out of 50 states, and three other jurisdictions. As a result, the possibility of hitting the whopping jackpot of these lotteries continues to attract players to their platform and may continue to do so for decades.

A decreasing revenue within traditional lottery systems is yet to be considered. Due to the failure of traditional lotteries which attract as many new players from younger generations as before. 

The Internet has also enabled people to become more inquisitive, for better or worse. Some people do not trust traditional lotteries because their raffle systems are centralized. Even those who purchase tickets need to check if the algorithm is fair. Of course, those who never hit the jackpot may be easily led to