TECHNOLOGY & TELECOMMUNICATIONS
Internet Lottery Launched: The weekly international lottery is licensed by the government of the tiny European principality of Liechtenstein and played via the Internet. InterLotto will give the world’s 50 million Internet users an opportunity every week to win a jackpot of at least $1 million by dialing up a new World Wide Web page on the computer network. “It is the first government-licensed lottery on the Internet,” said David Vanrenen, chairman of the International Lottery in Liechtenstein Foundation. InterLotto officials said players can nominate charities to receive awards. At least 5% of InterLotto revenue will go to charity initially, with 65% going for prize money and the rest to help cover costs. Tickets cost 5 Swiss francs ($4.30), with a minimum purchase of two. “We feel this is sustainable by subscribers to the Internet,” Vanrenen said. The date for the first draw is Oct. 7.
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