Gary Grief, Executive Director, Texas Lottery SMART-TECH 2016 NEW YORK CITY WHAT NOW? The $1.5 Billion Question.

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Presentation transcript:

Gary Grief, Executive Director, Texas Lottery SMART-TECH 2016 NEW YORK CITY WHAT NOW? The $1.5 Billion Question

SMART-TECH 2016 NEW YORK CITY

Gary Grief, Executive Director, Texas Lottery SMART-TECH 2016 NEW YORK CITY WHAT NOW? The $1.5 Billion Question

POWERBALL JACKPOT FATIGUE = SALES DECLINE SMART-TECH 2016 NEW YORK CITY AVG JP NATIONWIDE SALES __________________________________ 2012 $85 M$3.96 BILLION 2013 $120 M$5.95 BILLION 2014 $117 M$4.82 BILLION 2015 $105 M$3.99 BILLION

OVERDUE FOR CHANGE SMART-TECH 2016 NEW YORK CITY POPULATIONJACKPOT ODDS __________________________________ ,000,0001 IN 195 MILLION ,000,0001 IN 175 MILLION

SMART-TECH 2016 NEW YORK CITY POWERBALL GAME CHANGES OCTOBER 2015 MATRIX CHANGE JACKPOT ODDS INCREASED FROM 1:175M TO 1:292M OVERALL ODDS DECREASED FROM 1:31.8 TO 1:24.9 INCREASED 3 RD PRIZE FROM $10K TO $50K CHANCE FOR PLAYERS TO MULTIPLY MOST PRIZES BY UP TO 10 TIMES WHEN THE JACKPOT IS $150 MILLION OR LESS

SMART-TECH 2016 NEW YORK CITY FRANCE CHINA AUSTRALIA KOREA JAPAN CANADA COLUMBIA ITALY

VIDEO SMART-TECH 2016 NEW YORK CITY

IMPACT OF RECORD JACKPOT SMART-TECH 2016 NEW YORK CITY SALES AND REVENUE RETAILER ECONOMICS MILLENIAL PENETRATION SOCIAL MEDIA EXPANSION LOTTERY AND VENDOR CORE COMPETENCIES

KEY FINDINGS FROM LEGER SURVEY FEBRUARY 11-18, 2016 SMART-TECH 2016 NEW YORK CITY 88% AWARENESS OF JACKPOT $500 MILLION JACKPOT WAS THE “SPOT” TEN MILLION NEW POWERBALL PLAYERS HALF OF ALL AMERICANS BOUGHT A TICKET

SMART-TECH 2016 NEW YORK CITY WHAT NOW? The $1.5 Billion Question LEVERAGE INROADS MADE WITH MILLENIALS AND SOCIAL MEDIA OVERCOME FUTURE JACKPOT FATIGUE MANAGE EXPECTATIONS WITH POLICYMAKERS LEVERAGE THE REVENUE RECORDS IN EVERY STATE MAINTAIN FOCUS ON RETAILER EXPANSION AND PRODUCT INNOVATION

THANK YOU! SMART-TECH 2016 NEW YORK CITY