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AutoLotto maintains a facility in each state where it operates. Data also provided by. A mobile lottery app, AutoLotto, is trying to help the lottery industry win over millennials. The company's co-founders, Matt Clemenson and Tony DiMatteo, said that millennials comprise 57 percent of their user base so far. AutoLotto must work with lottery commissions, lottery directors, attorneys general and other relevant legislative offices to gain access to each new market it enters. Key Points.

Only one-third of people aged 20 to 35 bought a lottery ticket last year, and the tattslotto mobile app are declining.

Sign up for free newsletters and get more Tattslotto mobile app delivered to your tattslotto mobile app. So far, AutoLotto hasn't had a winner from any of the big jackpots, DiMatteo said, "Statistically, the odds of winning a big lottery are around 1 in million, and we haven't sold that many tickets yet.

Now, a start-up called AutoLotto is helping lotteries tap into that next generation of players where they already shop and play. All Rights Reserved. Source In Touch. But other markets offer the potential to expand more broadly, even beyond the lottery.

And AutoLotto's approach tattslotto mobile app ideal. The company's mobile app allows users to buy tickets from their smartphone.

We want to hear from you. When it has a winning ticket, it takes it to the local lottery agency to redeem it, and pay out winners via its app.

That demographic trend troubles both the lottery industry and the states and programs that rake in tax revenue or donations from it. It also lets them scan a paper ticket purchased in-store to track it, and get notifications if they win.

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News Tips Got a confidential news tip? One of AutoLotto's investors, Adjacency Partners' Tom Arrix, formerly vice president of global marketing solutions at Facebook, said he sees international potential in the company, too. Today, it's authorized to sell Powerball tickets via mobile to customers in eight states but it hasn't yet come to New York, one of the biggest markets. VIDEO Millennials rarely buy lottery tickets, but a mobile Powerball app wants to reel them into the game. Investors in AutoLotto's new round included a mix of institutional and angel investors, including iHeartMedia, and Fortress Investments, a fund affiliated with U. And they don't make up a lot of the foot traffic to the traditional retailers that sell lottery tickets, whether that's your local pharmacy or a store at the gas station. CNBC Newsletters. Get this delivered to your inbox, and more info about our products and services. It buys up, signs and keeps original paper tickets there, which it also pays to insure, in case anything goes wrong at its holding facility. Markets Pre-Markets U. Skip Navigation.