The Online Lottery Global Market Report 2023 by The Business Research Company, provides online lottery market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Online Lottery Global Market Report 2023, the market size is expected to grow from$10.04 billion in 2022 to $10.75 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global online lottery market size is expected to reach $14.47 billion in 2027 at a CAGR of 7.7%.
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.
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The online lottery market is segmented:
1) By Type: The Lotto, Quizzes Type Lottery, Numbers Game, Scratch-Off Instant Games, Other Types
2) By Platform: Desktop, Mobile
3) By Application: Online store, Lottery Offline Store
Technological advancement is a key trend in the online lottery market. Major companies operating in the online lottery market are focused on innovating new platforms to strengthen their position in the market. For instance, in December 2020, The DC Lottery, a US-based lottery system run by the government and a charter member of the Multi-State Lottery Association, launched the DC iLottery, a dynamic platform for purchasing and playing lottery games in response to customers who are increasingly interested in technology for their entertainment. Before a ticket can be purchased, the site uses geolocation technology to verify a player’s location. Players can select from a variety of games on DC iLottery, including the well-known multi-state draw games Powerball and Mega Millions, as well as a selection of electronic scratcher games.
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. Online Lottery Market Size And Growth
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26. Africa Online Lottery Market
27. Online Lottery Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Online Lottery Market
29. Online Lottery Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- The Camelot Group
- International Game Technology PLC
- Lotto Agent
- Lotto Direct Limited
- Lotto247
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