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The coming of the Lottery: Will Batswana benefit?

Roll the dice: Gambling is a multi-billion dollar industry worldwide PIC: FOXBUSINESS
Roll the dice: Gambling is a multi-billion dollar industry worldwide PIC: FOXBUSINESS

In the past few weeks, a group of personalities have been decrying the delay of the institution of the National Lotto/Lottery on social media, using the hashtag #LottoKeYaRona and #LottoEKae.

They largely focused on the supposed benefits the lotto/lottery would bring to the economy and why it is important to expedite the awarding and operation of the lotto/lottery. These 'protests' piqued my interest, not in the behind-the-scenes issues related to awarding of the lottery, but more in the Business of the Lottery and to investigate what Botswana should really expect when the operation is up and running. My interest in the issue is purely on commercial opportunities, citizen empowerment and socio-economic effects basis. In Botswana, the plan to start a national lottery was announced in 2017 by the Gambling Authority via a tender. After a long selection process, a preferred bidder was announced in June 2020.

This consortium of companies was expected to execute the lottery within 12 months. Unfortunately for whatever reasons, the preferred bidder was not able to satisfy the conditions precedent satisfactorily to the Gambling Authority and this forced the authority to cancel the award and begin negotiations with the reserve bidder.

Editor's Comment
Our digital safety is in our hands

That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...

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