Hundreds are celebrating in Spain because they got a share of the national lottery. El Gordo, the Fat One, is a nation wide Christmas tradition, and this year was no exception. By far the world's biggest lotteries, it is as popular as ever. The drawing held on Saturday is often the start of Christmas celebrations.
Implications - The turbulent economy has consumers penny pinching, but they still rely on false senses of financial security that gambling provides them with. Promising enormous riches and instant gratification, lotteries, casinos and scratch cards all provide hope to downtrodden consumers. Opportunity exists for brands that can tap into this comfort blanket marketing scheme -- especially at this period in time.
The Fat One Lottery
Over $3M To Kick Start Christmas
Trend Themes
1. Larger-scale Lottery - Disruptive innovation opportunity: Develop an even larger-scale lottery with massive jackpot prizes to attract more consumers seeking financial security.
2. Gambling Alternatives - Disruptive innovation opportunity: Create alternative gambling options that provide a sense of hope and instant gratification, such as virtual casinos or online scratch cards.
3. Comfort Blanket Marketing - Disruptive innovation opportunity: Implement marketing strategies that tap into the consumer desire for false senses of financial security, particularly during economically challenging times.
Industry Implications
1. Lottery Industry - Disruptive innovation opportunity: Modernize the lottery industry by incorporating new technologies, such as blockchain, to enhance transparency and consumer trust.
2. Casino Industry - Disruptive innovation opportunity: Combine virtual reality (VR) technology with the casino industry to create immersive and convenient gambling experiences for consumers.
3. Online Gambling Industry - Disruptive innovation opportunity: Develop innovative online platforms that offer a wide range of gambling options, appealing to consumers seeking instant gratification and financial hope.