Ed Mc Guinn
Stamford, CT (USA)
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eLOT, Inc.
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Startup
Location:
Stamford
Industry:
Internet
Year Founded:
2003
Number Employees:
1-10 people
Description:
Company Overview
The mission of eLOT, Inc. is to develop market and operate e-commerce sales platforms for state and governmental lotteries. We have initially targeted the Powerball and Mega Millions tickets and then intend to expand to other “numbers” games (Pick 3, 4 and 5), “scratch”) tickets, & Keno
In Fall 2009, we executed our first technology and marketing agreement with New York State Lottery which is one of the largest in the world. Based on this agreement, we plan on deploying eLOT’s e-commerce platform statewide in July 2010. Of interest there is a social gaming opportunity that is addressable on the internet to a 21 to 35 year old demographic that historically has not focused on lottery game products which could broaden market penetration and new product development.
The primary opportunity for this e-commerce market is through our intellectual property and technology development eLOT, Inc. holds patents that provide for the sale of state and governmental lottery tickets on the internet in the U.S., Australia, Canada and China (and pending in the EEC, India and Mexico). The company believes its patent portfolio will be a particularly effective barrier to entry for competitors.