Online lottos are one of the most popular ways to gamble in Australia. From Lottoland to the Powerball, everyone is hoping to hit the giant jackpots. CrownBet now wants to get in on the action with CrownLotto. The new lotto-betting service will join Lottoland to offer a different lotto experience to Aussie players.
The operator of CrownBet, Crown Resorts Limited, has been under a lot of pressure in 2017. With the arrests and sentencing of 19 Crown Macau employees and a falling share price, they need to bounce back. It would seem like their newest move will do just that by offering a ‘sideways’ lotto service.
CrownLotto for Aussies
The new online gambling service by CrownBet will allow AU gamblers to bet on the results of the lottery. This approach was first introduced by Lottoland, to allow Aussies to bet without buying a ticket. There are a limited number of lotteries allowed in Australia, so this approach is worth a try as Lottoland makes roughly AU$1 million per week on bets.
However, Lottoland is licensed in Gibraltar, while CrownBet is an Aussie company and a household name. With new Interactive Gambling Amendment Laws in the country, lottos could also be affected by new licensing requirements. So, how will this new betting service from the infamous Crown Resorts fare?
CrownBet in Australia
The success of CrownBet as an online sportsbook has brought Crown Resorts out of the red, but it still can’t compete with other big brands. Bookmakers like William Hill and Ladbrokes are still doing well in the country, and they may already be applying for Aussie licenses. However, there is still a chance that local Internet gambling services could benefit more from the new laws.
CrownLotto is set to go live at any moment, according to the Australian Financial Review. After all, CrownBet need to start contending with Lottoland as soon as possible to stand a chance to end the year on a high note. At the moment, it’s all up in the air, so visit Casino Aus for all the latest gambling news to find out more.