Miljonlotteriet is a Swedishlottery company owned by IOGT-NTO, and incorporated in 1964. It all started with a dream and a desire to make a difference. Stig Kroon, a passionate entrepreneur, in 1964, built the foundation of what today is Miljonlotteriet.
Miljonlotteriet is a Swedish state licensed lottery operator, fully owned by and incorporated in the charity organization, IOGT-NTO. The whole surplus thus goes to IOGT-NTO. During the past 15 years, Miljonlotteriet has contributed a surplus of more than SEK 1.6 billion to the non – profitable work of IOGT-NTO.
Miljonlotteriet is one of the leading lotteries on the Scandinavian market with more than 50 years’ of profitable experience. The sales have more than doubled the past ten years.
Miljonlotteriet was the first lottery operator to offer subscription of scratch tickets to customers. Years later, Miljonlotteriet, continues to offer offline scratch tickets both as subscription and also as scratch tickets supplied by retailers. To meet the changes in the market and customer needs the product portfolio has grown and now includes online games such as scratch tickets and bingo.
The scratch ticket Miljonlotteriet, is the second most sold scratch ticket in Sweden.
The lottery is supervised by the Swedish Gaming Board.
Miljonlotteriet is situated in Mölnlycke, Sweden and has 60 employees.
Price discrimination is a microeconomic pricing strategy where identical or largely similar goods or services are sold at different prices by the same provider in different markets. Price discrimination is distinguished from product differentiation by the more substantial difference in production cost for the differently priced products involved in the latter strategy. Price differentiation essentially relies on the variation in the customers' willingness to pay and in the elasticity of their demand. For price discrimination to succeed, a firm must have market power, such as a dominant market share, product uniqueness, sole pricing power, etc. All prices under price discrimination are higher than the equilibrium price in a perfectly-competitive market. However, some prices under price discrimination may be lower than the price charged by a single-price monopolist.
A lottery is a form of gambling that involves the drawing of numbers at random for a prize. Some governments outlaw lotteries, while others endorse it to the extent of organizing a national or state lottery. It is common to find some degree of regulation of lottery by governments. The most common regulation is prohibition of sale to minors, and vendors must be licensed to sell lottery tickets. Although lotteries were common in the United States and some other countries during the 19th century, by the beginning of the 20th century, most forms of gambling, including lotteries and sweepstakes, were illegal in the U.S. and most of Europe as well as many other countries. This remained so until well after World War II. In the 1960s, casinos and lotteries began to re-appear throughout the world as a means for governments to raise revenue without raising taxes.
Tabcorp Holdings Limited (Tabcorp) is Australia's largest gambling company, employing more than 5,000 people. It is the largest provider of lotteries, Keno, wagering and gaming products and services in Australia. Tabcorp is listed on the Australian Securities Exchange (ASX).
The Florida Lottery is a government-run organization in the state of Florida, United States. With numerous on-line and scratch-off games available, players have a wide variety of prize levels to choose from. Since it began, the Florida Lottery has continued to add variety to its portfolio of games. The Lottery has experimented with higher price points, enhanced traditional games, and introduced seasonal promotional games. In 2012, Florida was the third-ranked state in yearly lottery revenue with $4.45 billion; revenue passed $5 billion in fiscal year 2013. Florida passed the legislation to enact the lottery in 1986 by a two to one ratio. The new lottery was spearheaded by Governor Bob Martinez and the Florida legislature with the mission of maximizing revenues for the enhancement of public education in Florida. The lottery was founded on the basis that it would provide the people of Florida the opportunity to benefit from additional revenues while providing the highest quality games available. The lottery's first game, MILLIONAIRE was a $1 scratch-off that was immensely popular. Within 17 days, the scratch-off game had paid back the entire $15.5 million to the state's general fund. Florida currently offers 10 terminal-generated games: Cash4Life, Mega Millions, Powerball, Florida Lotto, Pick 2, Pick 3, Pick 4, Pick 5, Fantasy 5, and Jackpot Triple Play.
Ontario Lottery and Gaming Corporation, known for corporate branding purposes simply as OLG since 2006, is a Crown corporation owned by the Government of Ontario, Canada. It is responsible for the province's lotteries, charity and Aboriginal casinos, commercial casinos, and slot machines at horse-racing tracks. It was created in April 2000 when the Ontario Lottery Corporation (OLC) was merged with the Ontario Casino Corporation (OCC), established in 1994. Prior to 2006, the combined entity was known in short form as the OLGC. OLG employs over 8,000 individuals throughout Ontario.
The Minnesota State Lottery, or Minnesota Lottery, is a government agency that operates lotteries in the U.S. state of Minnesota. The state’s lottery system was established in 1988 through a successful voter referendum that amended the state’s constitution. Lottery revenue is paid out towards prizes, administrative expenses, and retailers, and the remaining proceeds are split between environmental conservation funds and the state's general fund. The Minnesota Lottery participates in the Multi-State Lottery Association and several other multi-jurisdiction games. In-house draws include Daily 3, Gopher 5, and Northstar Cash, among many other games and offerings.
Lotteries in Australia include various lottery related products licensed by the Lott and Lotterywest Australian lottery companies. Lotteries operators are licensed at a state or territory level, and include both state government-owned, not-for-profit and private sector companies. Most major Lotteries have now moved into the online marketplace.
The term mobile commerce was originally coined in 1997 by Kevin Duffey at the launch of the Global Mobile Commerce Forum, to mean "the delivery of electronic commerce capabilities directly into the consumer’s hand, anywhere, via wireless technology." Many choose to think of Mobile Commerce as meaning "a retail outlet in your customer’s pocket."
The Arizona Lottery is a state agency in Arizona. It is a member of the Multi-State Lottery Association (MUSL). Draw games include Mega Millions, Powerball, The Pick, Fantasy 5, Pick 3, and Triple Twist. A variety of instant scratch tickets, or Scratchers, are also offered.
The Louisiana Lottery Corporation (LLC) is a government-run lottery that is used to generate revenue without increasing taxes. The proceeds of the Lottery go to the Minimum Foundation Program that funds public education in Louisiana. The daily activities involved with running the cooperation are handled by the president of the Louisiana Lottery Cooperation. The president is under the supervision of the Lottery's nine-member governing board of directors.
The Michigan Lottery offers numerous on-line and scratch-off games, giving players a wide variety of prize possibilities. Initiated under the authority of Public Act 239 in 1972, the games collect funds to support Michigan’s public school system.
The Virginia Lottery is an independent agency of the Commonwealth of Virginia. It was created in 1987 when Virginians voted in favor of a state lottery. The first ticket was sold on September 20, 1988. All profits from Virginia Lottery ticket sales go to K-12 public education. In Fiscal Year 2020, the Lottery's profits totaled more than $595 million, accounting for approximately 10 percent of school funding in Virginia. That brought total Lottery profits in Virginia to more than $13 billion.
The Gambling Commission is an executive non-departmental public body of the Government of the United Kingdom responsible for regulating gambling and supervising gaming law in Great Britain. Its remit covers arcades, betting, bingo, casinos, slot machines and lotteries, as well as remote gambling, but not spread betting.
The National Lottery is the state-franchised national lottery established in 1994 in the United Kingdom. It is operated by Camelot Group, to which the licence was granted in 1994, 2001 and again in 2007, and regulated by the Gambling Commission.
Svenska Spel is a state-owned company operating in the regulated gambling market in Sweden. For many years, state-owned Svenska Spel was the only company permitted to offer online gambling to people in Sweden, whether it be casino games, sports betting, or other types of games.
Lycamobile is a British mobile virtual network operator (MVNO) operating in 23 countries. The brand is active in Australia, Austria, Belgium, Denmark, France, Germany, Ireland, Italy, Netherlands, North Macedonia, Norway, Poland, Portugal, Romania, Russia, South Africa, Spain, Sweden, Switzerland, Tunisia, Uganda, Ukraine, the United Kingdom and the United States. The bulk of Lycamobile revenue is claimed to be generated from its SIM products. Lycatel, also a part of Lyca Group, targets customers within expatriate and ethnic markets that want to make international calls.
The history of the prepaid mobile phone began in the 1990s when mobile phone operators sought to expand their market reach. Up until this point, mobile phone services were exclusively offered on a postpaid basis (contract-based), which excluded individuals with poor credit ratings and minors under the age of 18.
Gambling in Norway is illegal for the most part. Norsk Tipping and Norsk Rikstoto are the 2 only companies allowed to offer gambling services to Norwegian citizens. Norsk Tipping offers games like lotteries, sports betting, Keno and several others. Norsk Tipping is wholly state-owned company under the jurisdiction of the Ministry of Culture and Church affairs, with rules about what times of day, and how much money players can bet. As of January 2019 all players have to be over 18 years of age to play all games of Norsk Tipping, including scratch tickets. Norsk Rikstoto is also state-owned and is the only company authorised to arrange horse race betting.
Gambling in Estonia is relatively young. While Estonia was a part of the USSR, all types of gambling activities were banned. Despite the prohibition, illegal casinos still functioned, but the real history of gambling started in 1994-1995 when the first Lottery Act of 1994 and the first Gambling Act of 1995 came into power. As the capitol, Tallinn has more casinos than any other Estonian town. As of September 2010, there were 33 casinos in Tallinn. That's 3 times less than in 2008, when 91 gambling venues operated in this city. According to experts, the main reasons for such decrease were the consequences of the crisis and the adoption of the new gambling law in 2008. The legal age for playing at casinos is 21.
Lottery betting is the activity of predicting the results of a lottery draw and placing a wager on the outcome. Lottery betting is a form of online gambling, run by licensed betting firms, where players place bets on the outcome of lottery draws instead of buying physical or online tickets via official lottery operators.
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