Lucky Letters Video Gaming Wager System and Method

Description:

 

Invention Summary

 

A wagering system designed to enhance wagering opportunities through a versatile gaming experience. This method is designed to be implemented in different gaming mediums including hardware-based and software-based systems. The advantage with this system is in its ability to take on many forms of gaming, including matching, wagering, and pay-outs through its flexible programming.

 

Market Opportunity

 

The casino and gambling market has been steadily increasing with the expansion of online gambling as well as the increasing legality of gambling in and out of the United States. According to IBISWorld, industry revenue for casinos and online gambling is expected to increase by 3.5% to $318.7 billion over the five years to 2024. Furthermore, as gaming expenditure increases by an annualized rate of 3.1%, the market will also expand by an annualized rate of 2.6% as more gaming enterprises are established.

 

These factors point to the steady growth of the casino and gambling industry and as a result, the spread and appeal of online and digital gambling applications. With a 19% share of the current product segmentation, gambling machines contribute a strong portion of the gaming industry’s revenue stream. With the digitization of nearly all gambling machines, the opportunity is ripe for systems designed for both digital and physical gaming.

 

Features and Benefits

 

•       Versatile system able to be used in various gaming situations.

•       Can be used for both hardware and software gaming programs.

•       Ability to program different types of gambling and wagering.

•       Use of universal symbols allows for a large number of applications.

•       Capable of wagers, pay-outs, credits and a number of functions.

 

Intellectual Property

 

U.S. Utility Patent No.: 10,424,163

 

Patent Information:
Category(s):
All
Gaming
Apps
For Information, Contact:
Zachary Miles
Associate Vice President for Economic Development
University of Nevada, Las Vegas
702-895-0937
zach.miles@unlv.edu
Inventors:
Nancie Bowen
Daniel Sahl
Keywords:
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