{"id":8966,"date":"2024-07-19T23:33:00","date_gmt":"2024-07-19T23:33:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=america&#038;p=8966"},"modified":"2024-07-19T23:33:01","modified_gmt":"2024-07-19T23:33:01","slug":"divorce-between-walmart-igt","status":"publish","type":"america","link":"https:\/\/www.mundovideo.com.co\/en\/america\/divorce-between-walmart-igt\/","title":{"rendered":"\u00bfDivorce between Walmart &#038; IGT?"},"content":{"rendered":"\n<p>The retail firm has announced its plans to launch a dedicated app that may integrate iLottery capabilities and allow customers to purchase lottery games directly. In pursuit of this objective, the retail giant has recently had meetings with various big lottery industry players, like IGT, NeoPollard, and Scientific Games.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.youtube.com\/watch?v=4d0WZjXrn98&amp;t=29s\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/feria24\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl.png\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p>Walmart has also unveiled a catchy slogan, &#8220;Be in it to Win it,&#8221; as seen in presentation materials from its April summit in Bentonville, Arkansas.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/international\/divorce-between-walmart-igt2.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p>While the specifics of Walmart&#8217;s lottery strategy remain uncertain, according to multiple sources who anonymously shared information with Lottery Geeks, the &#8220;Lottery@Walmart&#8221; initiative is in progress.<\/p>\n\n\n\n<p><strong>Inefficient Systems Fuel Walmart&#8217;s Lottery Foray<\/strong><\/p>\n\n\n\n<p>According to sources, Walmart&#8217;s motivation to enter the lottery industry is not only driven by potential profits but also by a shared frustration among retailers and vendors, including Kroger, Sheetz, and Wawa.<\/p>\n\n\n\n<p>Experts have considered the failure of IGT and Scientific Games to address the issue as a significant oversight, given their dominance in powering state lottery systems across the US.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/international\/divorce-between-walmart-igt3.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p>An inefficient disconnect exists between lottery point-of-sale (POS) systems and internal store POS systems, stemming from the unique agreements between state lotteries, lottery partners like IGT, and varying state laws and regulations. This results in separate and incompatible systems across different locations.<\/p>\n\n\n\n<p>All of this raises a few questions regarding Walmart\u2019s long-term strategy for lottery sales. Traditionally, the retail giant has focused on retail sales through lottery vending machines. The tag line \u2018Be in it to Win it&#8217; implies that the company is looking to expand its lottery strategy into new channels and\/or products. Access to sales transactions alone will not justify the ROI.<\/p>\n\n\n\n<p>With Walmart&#8217;s foray into iLottery, this move could encourage other retailers to follow suit, potentially resulting in a shift away from traditional lottery ticket sales models. This could ultimately lead to the bypassing or even displacing of IGT and other companies with direct contracts with state lotteries in the market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The retail firm has announced its plans to launch a dedicated app that may integrate iLottery capabilities and allow customers to purchase lottery games directly. In pursuit of this objective, the retail giant has recently had meetings with various big lottery industry players, like IGT, NeoPollard, and Scientific Games. Walmart has also unveiled a catchy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8967,"menu_order":214,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[],"class_list":{"0":"post-8966","1":"america","2":"type-america","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u00bfDivorce between Walmart &amp; IGT? - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/america\/divorce-between-walmart-igt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u00bfDivorce between Walmart &amp; IGT? - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"The retail firm has announced its plans to launch a dedicated app that may integrate iLottery capabilities and allow customers to purchase lottery games directly. In pursuit of this objective, the retail giant has recently had meetings with various big lottery industry players, like IGT, NeoPollard, and Scientific Games. 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