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Jersey Cash 5 Winner Says He Will Pay off Debts and Buy a Truck

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Jackpocket, America’s leading lottery app, announced that three winners in New Jersey recently shared the $533,000 Jersey Cash 5 prize. As a result, each of the lucky players will get $177,685 back home. Two of these players had purchased their tickets via Jackpocket.

Loyalty Rewarded

Jackpocket interviewed Dustin, one of the winners, asking him how he felt. The winner thus provided some insights into his journey to the prize.

Dustin told the lottery app that he had purchased the Quick Pick ticket for the October 2 drawing just as the Powerball jackpot neared $1 billion. The player revealed that he would sometimes play Powerball or Mega Millions for the social aspect but usually prefers Cash 5.

Loyal to his preferences, Dustin went on Jackpocket, spending $20 on a number of tickets. His loyalty was quickly rewarded as he became one of the three Jersey Cash 5 winners.

Dustin learned that he had won the prize in the morning on October 3. At first, he almost couldn’t believe it.

A little confetti thing popped up and I was like, ‘Big win. What is that?’ I was in shock. I’ve had dreams where I’ve won the lotto before, so I was like, ‘This can’t be real.’ It took a while to sink in.

Dustin

Dustin Will Pay Off His Debts

Jackpocket asked Dustin about his plans for the money. To that, the player quickly responded that he was going to pay off his debts. Dustin revealed that he hasn’t truly been debt-free since he was 18.

In addition, the lucky New Jerseyan said that he is likely to buy a new truck. He explained that his current one is too small for him and his family, with his two kids barely fitting in the backseat. Therefore, a big full-size vehicle is on the top of Dustin’s shopping list.

While Dustin is thrilled about the prize, he admitted that he is a bit disappointed he has to share it with two other people. Laughing, he said:

I have to say I’m a little disappointed. The one time I win the lotto, I have to share it.

Dustin

Jersey Cash 5, as the name implies, is a game exclusively available to customers in the state. The game, available on Jackpocket, sports daily drawings and a rolling jackpot and provides customers with opportunities to win huge prizes.

Last month, a Jackpocket player won a $5,750,000 Lucky for Life prize.

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Slot Machine Stocks Inexpensive, M&A Could Perk Up, Says Analyst

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Following the Global Gaming Expo (G23), which took place last week in Las Vegas, some sell-side analysts came away more constructive on various gaming equities, including slot machine stocks.

IGT
A bank of Wheel of Fortune slot machines. Manufacturer IGT and PlayAGS are among the slot machine stocks that could generate upside. (Image: TheStreet.com)

In a new report to clients, Stifel’s Jeffrey Stantial observed that shares of some slot machine manufacturers and select casino operators are trading “near trough multiples,” and mergers and acquisitions chatter was elevated at G2E. Amid limited signs of deteriorating demand, the analyst said his preferred slot machine stock ideas into the year-end are International Game Technology (NYSE: IGT) and small-cap name PlayAGS (NYSE: AGS).

Most slot managers we spoke with cited largely stable NTM purchasing intentions, barring a material pullback, though tailwinds from 2020/21 deferred capex are likely diminishing,” wrote Stantial. “Our 2024 estimates across the manufacturer group presume a ~MSD% pullback in the replacement cycle, which still feels reasonable based on supplier & customer tone throughout the show.”

Among other things, G2E is often the forum at which slot makers roll out new games for consideration by casino slot managers.

AGS, IGT Showed Well at G2E

Citing conversations with slot buyers at G2E, Stantial customers were broadly impressed by new offerings from the usual suspects, such as Aristocrat Leisure and Light & Wonder. Those companies, along with IGT, are the three-largest slot suppliers in North America.

PlayAGS was heralded by slot managers as among the most-improved firms in the category. There are tailwinds for gaming device manufacturers. Those include consumers remaining dedicated to casino visits, which provides operators with much-needed resiliency. Additionally, analysts believe supply chain pressures in the industry are easing.

Stantial said the stars could be aligning for slot machine stocks such as PlayAGS, which has room for growth, and IGT, which has stock-specific sparks.

“Putting it all together, forecasting NTM market share trends remains incredibly difficult with no clear share donor. As such, we tend to favor small suppliers with more material whitespace (AGS) or suppliers with idiosyncratic catalysts (IGT),” added the analyst.

M&A Could Spark Slot Machine Stocks

Consolidation in the slot machine sector could be poised to perk up in the months ahead. For now, many eyes are on IGT, which announced in June that it’s mulling strategic alternatives for its global gaming and PlayDigital units.

Likewise, Stantial said smaller rival Ainsworth proclaimed at G2E that it would be open to acquisitions and that it would be receptive to offers to be acquired. There was also chatter of iGaming and online sportsbook operators mulling deals to bring tech stacks in-house, and another familiar rumor popped up at the conference.

“Lastly, MGM management commentary on a panel indicated they feel the BetMGM JV structure may not be optimal long-term, which coupled with frustration from certain Entain shareholders, is likely to re-surface speculation regarding an MGM/Entain acquisition,” concluded Stantial.

The post Slot Machine Stocks Inexpensive, M&A Could Perk Up, Says Analyst appeared first on Casino.org.

Rephrased by The Mystic Gambler

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Stifel Expert: M&A Activity May Rekindle Slot Machine Stock

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Jeffrey Stantial, an expert from the American multinational independent investment bank and financial services company Stifel commented on the state of slot manufacturers stock. As reported by casino.org, he noted that the sector’s stock isn’t in great shape but M&A activity could potentially change that.

Most slot managers Stantial contacted cited stable NTM purchasing intentions, barring a material pullback. However, the expert also noted that deferred capex from the pandemic period is likely diminishing.

Stantial added that his team presumes an ~MSD% pullback in the replacement cycle in 2024. He added that this still feels reasonable based on the supplier and customer tone throughout G2E.

IGT and PlayAGS are Stantial’s Stocks of Choice

During the recent industry convention, several manufacturers presented impressive products that caught Stantial’s attention. He cited International Game Technology, Aristocrat Leisure and Light & Wonder as consistent performers, which is to be expected from the three largest suppliers in North America.

Speaking about his personal preference, Stantial said that his preferred slot manufacturer stock ideas include IGT, as well as the emerging brand PlayAGS. Many, including the Stifel expert, agreed that PlayAGS is one of the most-improved firms in the slot manufacturing sector. According to Stantial, PlayAGS has a lot of potential because of its room for growth.

IGT, on the other hand, has stock-specific sparks, which are also promising, the expert added.

Stantial added that it is difficult to forecast how the NTM market will develop and said that there is “no clear share donor.” Because of that, his team prefers to favor promising smaller suppliers such as PlayAGS or companies with “idiosyncratic catalysts” such as IGT.

Stantial concluded that while the market remains suboptimal, M&A activities could potentially lead to stock spikes. He cited certain companies’ merger intentions as a point of interest, saying that such deals can cause the slot manufacturer stock market to perk up.

Stantial also commented on the recent hints that MGM Resorts and Entain’s partnership may not last in the long term. The two companies, which jointly operate the famous BetMGM brand, have certain disagreements that may potentially lead to a new MGM/Entain takeover attempt. According to Stantial, such a move could have a beneficial effect on slot manufacturers stock.

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Powerball Ticket Sold in California Wins $1.765B Jackpot

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Powerball jackpot lottery California
California’s Powerball lucky streak continued Wednesday night as a single ticket sold in Frazier Park claimed a $1.765 billion annuitized jackpot. The prize, the second-richest in Powerball and US lottery history, has a one-time cash value of approximately $774.1 million.

The Powerball drawing for Wednesday, Oct. 11, delivered a $1.765 billion jackpot win for a ticket sold in California. The prize is the second-largest in Powerball history, which launched in 1992. (Image: Powerball)

The Powerball jackpot had been climbing since it was last hit on July 19 when a ticket — also sold in California — won a $1.08 billion annuitized prize. [Read more…] about Powerball Ticket Sold in California Wins $1.765B Jackpot

Powerball Players Put Odds and Reason Aside, as They Continue Jackpot Quest

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Powerball jackpot lottery odds
Millions of Powerball players will anxiously await the five white balls and red Powerball during tonight’s drawing in hopes of becoming an instant multimillionaire. But the odds are very good that you, your friend, your neighbor, and everyone else you know who purchased a $2 ticket won’t win the game’s top prize.

Powerball players wait in line at Mr. C’s Liquor in San Pedro, Ca., on Jan. 12, 2016. The Powerball jackpot for tonight’s drawing is north of $1.73 billion. (Image: ABC News)

The odds of a ticket winning the Powerball jackpot are just one in 292.2 million. To put those unfathomable odds in perspective, the US Centers for Disease Control and Prevention says you have about a one-in-a-million chance of being struck by lightning at some point in your lifetime. [Read more…] about Powerball Players Put Odds and Reason Aside, as They Continue Jackpot Quest