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☆ Powerball hits $1.3 billion. Most people still buy tickets in person, but more lottery apps emerge
▼ + stars: | 2024-04-05 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Justin Sullivan | GettyThe growth of 'lottery couriers'U.S. lottery sales exceeded $113.3 billion in 2023, according to the North American Association of State and Provincial Lotteries. With varying state and provincial regulations, players have different purchase options, such as in-person or online sales, depending on where they live. One option is lottery-courier services, which accept orders and buy lottery tickets on a customer's behalf. Mike Silveira Chief of staff for Jackpot.comPlayers can use Jackpot.com to order state lottery tickets via mobile phone, tablet or computer. He said the state has roughly $5 billion of in-person lottery sales yearly across 10,000 retailers and about $1 billion in online sales.

Persons: Justin Sullivan, Mike Silveira, Jackpot.com, Silveira, DraftKings, Drew Svitko, Svitko Organizations: North American Association of State, Provincial, Lottery, Jackpot.com, Pennsylvania Lottery, New Jersey, Mega Locations: Arkansas , Ohio , Massachusetts, New York, Texas, Jackpocket, Pennsylvania, New

☆ Sports Gambling Was a Gateway Drug to Online Gambling and the Lottery
▼ + stars: | 2024-03-03 | by ( Emily Stewart | ) www.businessinsider.com time to read: +10 min

As the prevalence of online betting grows, there's plenty of revenue to be had. The more people gamble — and the more culturally acceptable gambling becomes — the more possibility gambling addiction becomes a bigger issue. Of course, as fun as sports gambling is — as is gambling in general — it has some serious downsides for society. According to the National Council on Problem Gambling, 2 million Americans have a severe gambling problem, and another 4 million to 6 million a mild or moderate problem. The more people gamble — and the more culturally acceptable gambling becomes — the more possibility gambling addiction becomes a bigger issue.

Persons: Lia Nower, DraftKings, Jason Robins, iGaming, Robins, DraftKings isn't, —, West Virginia —, Chad Beynon, Benyon, they're, Nower, Chris Grove, Grove, There's, let's, I've, legalizes iGaming, Emily Stewart Organizations: Knicks, Sports, Disney, American Gaming Association, NBA, NFL, Center for Gambling Studies, Rutgers University, Golden Nugget, Caesars, MGM, Macquarie, Companies, Atlantic City, Acies Investments, EKG Ventures, Vegas, National Council, Business Locations: Washington, Boston, Dublin, — New Jersey , Connecticut, Delaware , Michigan, Rhode Island , Pennsylvania, West Virginia, New York, Atlantic, New Jersey, Jackpocket, America

Loop Capital initiated Dell Technologies with a buy rating and a price target that implies more than 35% upside. Analyst Stephen Grambling hiked his price target by $9 to $49, while keeping his rating at overweight. Salesforce has popped nearly 14% in 2024, extending gains after the stock price came close to doubling in 2023 alone. Roseka's price target of $27.10 shows the potential for just 3.6% in upside compared with Tuesday's ending price. Analyst Ananda Baruah initiated coverage of the technology stock with a buy rating and a $125 price target.

Persons: Stifel, Smucker, Raymond James, Rick Patel, Patel, — Alex Harring, Kenneth Worthington, Worthington, Alex Harring, Morgan Stanley, Stephen Grambling, DKNG's, Grambling, DraftKings, Jackpocket, Morgan, Wednesday's premarket, Goldman, Goldman Sachs, Kash Rangan, Rangan, Bernstein, Daniel Roeska, Stellantis, Roseka, KeyBanc, Sophie Karp, CEG, Karp, Matthew Smith, Smith, Fred Imbert, Dell, Ananda Baruah, DELL, Baruah Organizations: CNBC, Dell Technologies, FactSet, Apollo Global Management, JPMorgan, APO, Grambling, Constellation Energy, Constellation, Dell, Capital, DELL Locations: Tuesday's, Wednesday's premarket, Grambling, Wednesday's, Salesforce, Netherlands, U.S, Europe

☆ DraftKings posts 44% revenue growth and narrowing losses, but falls short of estimates
▼ + stars: | 2024-02-15 | by ( Micah Washington | ) www.cnbc.com time to read: +1 min

DraftKings on Thursday posted quarterly results that missed Wall Street estimates on the top and bottom line, but it increased its revenue by 44%. For the last three months of 2023, DraftKings reported a net loss of $44.6 million compared with $242.7 million in the same period a year earlier. Losses per share improved to a loss of 10 cents versus a loss of 53 cents in 2022. DraftKings garnered 3.5 million average "monthly unique payers," a 37% increase from the same period in 2022. For 2024, the company is increasing its fiscal year guidance to between $410 million and $510 million compared to its prior guidance of between $350 million and $450 million.

Persons: DraftKings Organizations: LSEG Locations: Maine and Vermont

☆ The biggest lottery win in every state
▼ + stars: | 2023-08-25 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

The biggest lottery jackpot ever won, a huge prize of $2.04 billion, was in California in 2022. A New Jersey man won $533 million in 2018 while playing the Mega Millions for the second time ever. In November 2022, another California resident won the biggest US lottery prize of all time — his lucky ticket earned him a whopping $2.04 billion. Jackpocket recently compiled a list of the biggest prizes won on a single lottery ticket in each state, with prizes ranging from the low millions to billion-dollar jackpots. Here's the biggest lottery win in every state.

Persons: —, he's, Jackpocket Organizations: Service Locations: California, New Jersey, North Carolina, Alabama, Alaska, Hawaii

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