West Point Graduates Take on State Lottery
SAN JOSE, CA - July 10, 2000 (INB) -- Three West Point graduates and former classmates have teamed up with venture capitalists to launch the Internet's largest privately operated online lottery, Mightyball.com <http://www.mightyball.com>. For decades now, state and local governments have commissioned lotteries as a source of revenue for state supported programs. Dean Roberts, co-founder of Mightyball.com explains, "A privately-operated lottery offers so many benefits over its government-operated counterparts. Perhaps the biggest difference is that Mightyball.com does not exist to fund governmental spending programs. This allows Mightyball.com to pay a larger portion of its revenue back to players as winnings."
http://www.internetnewsbureau.com/archives/2000/july00/mightyball.htm