What Should the Next National Game Do?

When the jackpots are big enough, we see money pouring in. But ‘big enough’ keeps floating higher, and the number of players is not growing significantly. If we want to engage people to play more money more often, we need to give them better value. I discuss how to do that, in NASPL Insights April 2020.

Slowly expanding territory of lottery games

Thinking about lottery games structurally helps us to understand how true innovation might happen. Players, however, have their own ways of thinking about games – notions not to be corrected, but simply understood as we offer new things. The folk categories might have to twist or expand to accommodate things like ‘Fast Play’ -i.e. instant games that print while we watch. This and other innovations appear in NASPL Insights December 2019.

Real Gains through Simulated Play!

A new look for lottery

And I mean a new ‘looking for’ as well as a new ‘look’. Rather than sticking to game mechanics that have simple, obvious math defining the outcome probabilities, let’s ‘look for’ play value first. Get the probabilities by numerical simulation (teaching a computer to play).  The grid above could be worth significant money, in the game I describe in NASPL Insights February 2019!

Betting Randomly on Sports: New Lottery Territory?

People are publicly passionate about sports, as about little else. Where they bet money on sports, the collision of passions and skill can support a big business. Lotteries, accustomed to running games of pure chance,  face a steep learning curve if they get involved in  sports betting. But there is potential to use a sporting event to determine the outcome of a game of pure chance- if the player bets randomly. How can lotteries develop this opportunity? I explore this question in NASPL Insights September 2018.

Risky Business – Time for Insurance?

Historically, state-sponsored lotteries have relied on the sheer volume of transactions, achieved through their monopoly status, to make the risk of paying big prizes reasonable. However, these advantages may be absent when a new game is started.  Other businesses have developed risk-sharing mechanisms, including insurance against specific risks.  ‘Synthetic’ lotteries like Lottoland have shown these can work in gaming. There maybe something to learn here, as I discuss in NASPL Insights August 2018.

Why Keno?

Keno, a traditional game with origins in Asia,  is a busy game: from a huge cast of characters (numbers 1 through 80) it scrambles 20 across the stage every drawing. It looks complicated for the player, with several different types of bet available. And yet, it thrives better than most draw games in settings where there is an opportunity to play every few minutes. Why? The math of the game supports the hopeful intuitions of players, as I show in NASPL Insights April 2018.

The Age of Lotto

Are classic lottery games like Lotto evergreen– that is, will they continue to thrive indefinitely? This depends on whether the player population can be sustained into the future.There are two schools of thought about this: 1) Lotto play is something a player ages into; young people coming up will sustain it, and 2) Lotto play is a thing of the past; young people will not join. Looking at historical data from Washington, I show that age groups that now account for a significant share of spending played a lot less years ago.  However, the low level of engagement of the youngest age classes is unprecedented. The analysis supports hope but certainly not complacency for the future of these games.  NASPL Insights February 2018 

 

Outlook for the Big Games in 2018

In December, as I have done for several years now, I review what happened in Powerball and Mega Millions in the past year, and use math models to make some predictions about future behavior. The games became more similar in October 2017, when Mega Millions raised its price and changed its matrix. My outlook for 2018 is based on players responding much as they did when Powerball made similar changes in 2012. A key point from simulations is how broad is the range of “likely” outcomes- give or take half a billion in profit is about right!NASPL Insights December 2017