Is lottery business profitable?

[Raja]

There is no one that doesn't like to get rich and have an easy challenge free life and for this there are lotteries and this is the main reason why lottery business is successful in every country of the world.

 

[Starmix]

It's indeed profitable like operating a lotto franchise, my neighbor becomes a millionaire. When there's no winner the money goes to her bank and also casinos.

 

[Golden9]

As a user, you will be more likely to lose. If you own the lottery, you will definitely make money because the system is designed in a way to give you your own cut.

 

[eldavis]

I think lottery business can be seen as profitable to dose who own the business not does playing the lottery themselves. Cause people do not win easily.

 

[riberet19]

I think the lottery is lucky that very few play the probability is too low, it is definitely not for me

 

[Stardom22]

It's the most profit guaranteed business to ever start up as many people are willing to be rich and so they can constantly play it.

 

[Magnus2022]

Lottery is only profitable to the person that runs it. The people that waste their money to play it will never get rich through even if they win million dollars. They will simply go back and gamble the money away.

 

[Ebutech]

I don't really know much about lottery business or how it's been operated, would like to hear from those experienced with it to voice out their thoughts.

There is no one that doesn't like to get rich and have an easy challenge free life and for this there are lotteries and this is the main reason why lottery business is successful in every country of the world.

 

[LoukiaCharilaou]

I believe that the lottery business is very profitable because everyone wants to make money easily and get rich one day.

 

[Edulady]

It benefits the owner more then the customers. That's because it's not everyday that people win the lotto but they enter the lotto everyday by buying tickets.

 

[Heatman]

Gambling is getting very popular in my country today. Lottery, lotto, betting are getting popular. A lot of people are getting into it.

 

[relcap23]

Before the small town Lottery was established in our town there were illegal lottery that operated and they made money from it. When the government took over they were gone. Those with franchise from the government to operate only serve as betting station and only get commission from it.

 

[Starmix]

Lottery is only profitable to the person that runs it. The people that waste their money to play it will never get rich through even if they win million dollars. They will simply go back and gamble the money away.

That is because they receive 15% from the winner of the lotto in millions, no doubt the lotto operator also becomes a millionaire.

 

[Bisolami]

There is no one that doesn't like to get rich and have an easy challenge free life and for this there are lotteries and this is the main reason why lottery business is successful in every country of the world.

It is one of the most profitable businesses out there
Lottery is even more profitable than we think

 

[Shavkat]

I must say that it is still a good business. Some people believe that their lives will change of winning the numbers for the jackpot in a lottery. It can be a great chance to live comfortably.

 

[Starmix]

Lottery business is good if you can have the right franchise. It was my dream business years ago to have a Lotto franchise, but the head office is in Cebu. Then the virus strikes the earth so I never achieved my dream. It is a very profitable business.

 

[IB D]

Anything that I have to rely on luck is not worth it for me. That kind of thing can never be considered a business. So for me, it is just a game like fastest fingers.

 

[Starmix]

It is not a game, it is legal in my country and the per franchise fee is 500,000. It operates legally in the Philippines and even abroad. When I toured in New Zealand, people there are lotto fanatics too.

 

[Stardom22]

Lottery business is very profitable. In my country most people are desperate in finding jobs. So they would rather involve themselves in the lottery industry trying their luck to make it in life.

 

[Starmix]

I am also buying lotto tickets here he he and was able to win up to 5 figures only. How I wish to hit the jackpot. It is just cheap, per ticket costs P20 pesos in y country.