Overview and Scope
Online lottery refers to a game where the player chooses or is assigned a number, symbol, or group of numbers or symbols out of a specified range of numbers or symbols. A winning ticket is chosen by chance and is connected to a central computer via a communications network.
Sizing and Forecast
The online lottery market size has grown strongly in recent years. It will grow from $10.81 billion in 2023 to $11.65 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increase in penetration of smartphones, increase in popularity of online gambling and rise in digitalization..
The online lottery market size is expected to see strong growth in the next few years. It will grow to $16.27 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to increasing internet penetration, a growing population and increasing government support. Major trends in the forecast period include digital platforms to improve access and convenience, increasing advancements in technology, focus on blockchain and cryptocurrencies, increasing investments to develop new lottery games and strategic partnerships and collaborations among market players..
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Segmentation & Regional Insights
The online lottery market covered in this report is segmented –
1) By Type: Lotto, Quizzes Type Lottery, Numbers Game, Scratch-Off Instant Games, Other Types
2) By Platform: Desktop, Mobile
Europe was the largest region in the online lottery market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the online lottery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increased internet penetration is expected to boost the growth of the online lottery market going forward. Internet penetration refers to the proportion of a country’s population that has access to the internet, as indicated by the proportion of internet users there. The overall sales of lotteries via mobile have expanded tremendously with the rising use of smartphones and the internet. An online lottery is a game linked to a central computer via a telecommunications network, therefore increasing the number of internet users helps the online lottery flourish in the coming time. For instance, in November 2021, according to a report shared by the International Telecommunication Union (ITU), a Switzerland-based specialized UN agency, the number of users increased by 782 million, accounting for 63% of the global population in 2021 compared to the previous year. Therefore, the increased penetration of the internet is driving the growth of the online lottery market.
Key Industry Players
Major companies operating in the online lottery market report are Camelot Group, International Game Technology PLC, The Hong Kong Jockey Club, Francaise des Jeux, Florida Lottery, North Carolina Lottery, Zeal Network, Lotto247, Lotto Direct, Lotto Agent, Dhankesari Lottery Sambad, Lottery Sambad Result, Takarakuji-official.jp, Ichiban Kuji Club, Lotterywest, Oz Lotteries, Baidu Inc., China Sports Lottery Operation and Management Co. Ltd., 360 Lottery, QQ Lottery, National Lottery, Jackpot.com, Betfred Lotto, Intralot SA, Française des Jeux (FDJ), EU Lotto Limited, Legacy Eight Curacao N.V., Wejdz do swiata LOTTO, Megalotto, SYNOT W, a. s., Jackpocket, Mido Lotto, Prize Pool, Scientific Games Corp, Long Game, Linq3, EMIDA Technologies, Atlantic Lottery Corporation, GammaStack, Mega Sena, Quina, Lotofácil, Dupla Sena, NeoGames S.A., Emirates Draw, Mahzooz, BuyLottoOnline, Ithuba National Lottery, wow!lotto
The online lottery market report table of contents includes:
1. Executive Summary
2. Online Lottery Market Characteristics
3. Online Lottery Market Trends And Strategies
4. Online Lottery Market – Macro Economic Scenario
5. Global Online Lottery Market Size and Growth
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31. Online Lottery Market Other Major And Innovative Companies
32. Global Online Lottery Market Competitive Benchmarking
33. Global Online Lottery Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Online Lottery Market
35. Online Lottery Market Future Outlook and Potential Analysis
36.Appendix
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