Neogame believes all gambling will shift to a non-profit model. Thanks to blockchain, people can play with each other directly, without organizers or intermediaries. There is no longer any reason to play lotteries and other games that serve somebody else's interests.
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The Neogame project seeks to change gambling principles throughout the industry. The gambling business has always been based on "house edge" – the principle that the casino or organizer always has the advantage. Neogame will kick-start the process of the global gambling industry adopting the non-profit model.
A traditional lottery is a negative expectation game. Traditionally, the lottery host sells tickets and allocates around half of the earnings to the prize pool, the second half going to the host.
Neogame, on the other hand, is a completely different game. It makes the lottery non-profit and autonomous, capable of continuous operation and achieving full transparency via the Ethereum blockchain. It will allocate all funds down to the last penny, by using a clear algorithm which is written into the lottery's smart contract.