“This success is incredible news for students, families and education in Tennessee,” said Rebecca Hargrove, President and CEO of the Tennessee Lottery. “This record quarter adds to what was already shaping up to be an all-time high fiscal year. We continue to see growth across all products, proving a varied lineup of games remains popular with players.”
April 14, 2016, Introduced by Senators KOWALL, HERTEL, WARREN, JOHNSON and KNOLLENBERG and referred to the Committee on Regulatory Reform. A bill to create the lawful Internet gaming act; to require the licensing and certification of persons to engage in Internet gaming; to create the division of Internet gaming; to provide for the powers and duties of the division of Internet gaming and other state governmental officers and entities; to impose fees; to impose a tax on the conduct of Internet gaming; to create the Internet gaming fund; to prohibit certain acts in relation to applications for licenses and certification and in relation to Internet gaming and to prescribe penalties for those violations; to require the promulgation of rules; and to provide remedies.
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LONDON, April 15, 2016 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today announced the Italian regulator Agenzia delle Dogane e dei Monopoli has provisionally awarded the concession for the Lotto game to a consortium led by IGT subsidiary Lottomatica. The final award of the concession is expected to be made during the second quarter of 2016 and it has a duration of nine years.
The European gambling market is estimated to be around $87 billion USD, with online gambling representing around $15 billion of that figure. Europe is far and away the largest real-money online casino market in the world. Online gambling is growing at an 11-percent clip globally, with the market currently worth around $37 billion a year. About 85 nations across the world have chosen to legalize Internet gambling.
That additional flexibility, said lottery director Alice Garland, would allow the games to do more advertising to alert players of big jackpots and to carry out "significantly more digital advertising," as well as put more ads on television. "This will allow us to be on the radio pretty consistently," she said. Right now, she said, there are certain times of year when the lottery is not able to air broadcast advertisements due to the limitations on advertising. Adding to the game's advertising budget would likely generate an additional $48 million – over and above the cost of the additional advertising – in the first year and $56 million more in the second year, Garland said.