The latest research study “Online Lottery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global online lottery market size reached US$ 10.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 15.1 Billion by 2028, exhibiting a CAGR of 6.1% during 2023-2028.
What is Online lottery?
Online lottery is a gambling system that involves selling numbered tickets and drawing numbers randomly to acquire money. It is connected to a central computer by a telecommunications network, and the winning ticket is determined based on the selected number randomly drawn by the holder. The online lottery application can be downloaded on mobile devices or desktop computers or accessed through a website. In recent years, the online lottery has gained immense traction as it offers safe payments, real-time experience, accessibility, convenience, security, and cashless transactions.
Request a PDF Sample Copy for more detailed market insights: https://www.imarcgroup.com/online-lottery-market/requestsample
what are the key factors driving the global online lottery market?
The global online lottery market is primarily driven by the easy accessibility of high-speed internet. Moreover, there has been a rise in improvements in banking technologies and internet encryption, which has allowed customers to play online safely. In line with this, the shifting consumer preferences from traditional draw-based games toward virtual ones are positively influencing market growth.
Additionally, online lottery systems provide improved security, betting procedures, and reliability, thereby propelling market growth. Furthermore, numerous technological advancements, such as the integration of virtual and augmented reality (VR/AR) and the development of connected wearables to provide a three-dimensional gaming experience, are contributing to the market growth. Other factors, including the implementation of several government initiatives to promote safe practices, aggressive promotional activities on social media, and inflating consumer disposable incomes, are also anticipated to drive the market further.
Online lottery MarketReport Scope
Report Coverage
Details
Market size value in 2022
US$ 10.3 Billion
Market forecast in 2028
US$ 15.1 Billion
Growth Rate
CAGR of 6.1% from 2023 to 2028
Base year for estimation
2022
Historical data
2017-2022
Forecast period
2023-2028
Report coverage
Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, And Trends
Segments covered
Product Type and Platform
Regional scope
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Key companies profiled
Camelot Group, International Game Technology PLC, Jackpot.com, Lotto Agent, Lotto Direct Limited, Lotto247, Lottoland Limited, LottosOnline, MultiLotto, OneLotto.com, Play UK Internet N.V and ZEAL Network SE.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Product Type:
Breakup by Platform:
By Geography:
List of Major Key Players
Camelot Group
International Game Technology PLC[NYSE: IGT]
Jackpot.com
Lotto Agent
Lotto Direct Limited
Lotto247
Lottoland Limited
LottosOnline
MultiLotto
OneLotto.com
Play UK Internet N.V
and ZEAL Network SE. [ETR: TIMA]
Click here to view detailed information with table of content: https://www.imarcgroup.com/online-lottery-market
Key highlights of the report:
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Browse More Industry Research Report-
Blockchain in Retail Market Report 2023-2028- https://www.imarcgroup.com/blockchain-in-retail-market
Metaverse Market Size 2022-2027– https://www.imarcgroup.com/metaverse-market
Food Coating Ingredients Market Size 2022-2027– https://www.imarcgroup.com/food-coating-ingredients-market
Cosmetic Chemicals Market Report 2022-2027– https://www.imarcgroup.com/cosmetic-chemicals-market
Micro Irrigation Systems Market Report 2023-2028- https://www.imarcgroup.com/micro-irrigation-systems-market
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Media ContactCompany Name: IMARC GroupContact Person: Elena AndersonEmail: Send EmailPhone: +1-631-791-1145Address:30 N Gould St Ste R City: SheridanState: WYCountry: United StatesWebsite: https://www.imarcgroup.com