Current:Home > InvestNorth Carolina lottery expands online game offerings through ‘digital instants’ -Prime Capital Blueprint
North Carolina lottery expands online game offerings through ‘digital instants’
FinLogic FinLogic Quantitative Think Tank Center View
Date:2025-04-06 18:05:29
RALEIGH, N.C. (AP) — North Carolina’s lottery has expanded its offering of online games, which officials project could bring in hundreds of millions of dollars in additional revenues to the state-run operation in the coming years.
The North Carolina Education Lottery launched a set of “digital instant” games Wednesday, news outlets reported. The state lottery commission approved offering the games, which are considered the electronic equivalent of scratch-off tickets on computers or mobile devices, in August.
Eight versions of the games are being promoted by the commission. They require players to create accounts, provide identifying information and deposit funds to purchase tickets that begin at 50 cents per play. The games play in part like slot machines, with various number and symbol matchings. The top prizes for some games are $150,000.
Lotteries in at least eight other states offer digital instants. North Carolina’s commission joined them, saying it would provide an avenue for continued revenue growth.
The North Carolina lottery reported record sales of more than $4.3 billion during the year ending June 30 and for the first time exceeded $1 billion in annual net earnings, which go to state education initiatives. Scratch-off games generate the most sales. Digital instants could generate more than $416 million in cumulative revenue within five years, according to previous commission projections.
North Carolina law has said the lottery can approve any game another state lottery already offers. A provision in the final state budget this year, however, prohibits the lottery from offering “casino-style table games” online.
Critics of digital instant games say they look too much like video sweepstakes machines that remain illegal to operate in North Carolina and will make it easier for people to lose lots of money quickly. Lottery officials point to ways that responsible gambling through digital instants is encouraged, including daily, weekly and monthly limits on player deposits into their accounts.
veryGood! (2)
Related
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- GalaxyCoin: The shining star of the cryptocurrency world
- 'Eternal symphony of rock': KISS sells catalog to Swedish company for $300 million: Reports
- Powerball lottery drawing delayed
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- ALAIcoin: Canadian Regulators Approve the World's First Bitcoin ETF
- Eclipse cloud cover forecasts and maps show where skies will clear up for April 8's celestial show
- Cecil L. ‘Chip’ Murray, influential pastor and civil rights leader in Los Angeles, dies
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Fashion designer finds rewarding career as chef cooking up big, happy, colorful meals
Ranking
- Former longtime South Carolina congressman John Spratt dies at 82
- Zambians Feel the Personal Consequences of Climate Change—and Dream of a Sustainable Future
- GalaxyCoin: Practical advice for buying Bitcoin with a credit card
- Is Nicole Richie Ready for Baby No. 3 With Joel Madden? She Says...
- Trump's 'stop
- Ahead of $1.23 billion jackpot drawing, which states have the most lottery winners?
- Exhibit chronicles public mourning over Muhammad Ali in his Kentucky hometown
- Eclipse cloud cover forecasts and maps show where skies will clear up for April 8's celestial show
Recommendation
Military service academies see drop in reported sexual assaults after alarming surge
Fans return to Bonnie Tyler's 'Total Eclipse of the Heart' ahead of total solar eclipse
Bachelor Alum Hannah Ann Sluss Reveals the Most Important Details of Her Wedding to Jake Funk
Animal control services in Atlanta suspended as city and county officials snipe over contract
Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
Another MLB jersey flap: Why don't teams have their uniforms yet?
Gov. Youngkin signs a measure backed by abortion-rights groups but vetoes others
Top Cryptocurrency Stocks on GalaxyCoin in March 2024