Online Lottery Global Market Report 2023: Evolving Role of Cryptocurrency Encourages Market Uptake

Dublin, June 09, 2023 (GLOBE NEWSWIRE) — The “Online Lottery – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

Global Online Lottery Market to Reach $29.9 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Online Lottery estimated at US$15.2 Billion in the year 2022, is projected to reach a revised size of US$29.9 Billion by 2030, growing at a CAGR of 8.8% over the analysis period 2022-2030. Online Draw-based Lottery Games, one of the segments analyzed in the report, is projected to record a 8.3% CAGR and reach US$15.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Online Sports Lotteries segment is readjusted to a revised 10% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.3 Billion, While Asia-Pacific is Forecast to Grow at 9.8% CAGR

The Online Lottery market in the U.S. is estimated at US$2.3 Billion in the year 2022. Asia-Pacific is forecast to reach a projected market size of US$12.9 Billion by the year 2030 trailing a CAGR of 9.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Europe and Canada, each forecast to grow at 8.2% and 7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.2% CAGR.

Select Competitors (Total 138 Featured)-

  • 888 Holdings PLC
  • Churchill Downs, Inc.
  • Bet365 Group
  • Camelot Group
  • 24Lottos (Maxton Ltd. )
  • AB Svenska Spel
  • 1xbet (Exinvest Limited)
  • 500. com Ltd.
  • Berjaya Corp Bhd
  • California State Lottery
  • China Sports Lottery (Lottery. hk)
  • Annexio Limited
  • Arizona Lottery
  • Compania Nationala Loteria Romana
  • Colorado Lottery

Key Attributes:

Report Attribute Details
No. of Pages 383
Forecast Period 2022 – 2030
Estimated Market Value (USD) in 2022 $15.2 Billion
Forecasted Market Value (USD) by 2030 $29.9 Billion
Compound Annual Growth Rate 8.8%
Regions Covered Global

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of COVID-19 Pandemic and Looming Global Recession; Living with COVID-19, the New Normal
  • Stagflation and Risk of Recession: New Challenges Emerge for the Global Market in 2022 & 2023
  • World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
  • COVID-19 Impact on Global Lottery Industry
  • Effect of the Pandemic Lockdown on Online Lottery Market
  • Massachusetts Lottery Faces Risk of Becoming Obsolete Amid COVID-19 Pandemic
  • Competitive Scenario
  • Online Lottery – Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Overview of the Global Market for Online Lottery
  • Global Market Prospects & Outlook: Online Lottery Market Gets Lucky & Looks Forward to Incredible Growth
  • World Online Lottery Market by Segment (2020 & 2027): Percentage Breakdown of Revenues for Online Draw-Based Lottery Games, Online Sports Lotteries, Online Instant Lottery Games, and Other Types
  • Global Online Lottery Market Reset & Trajectory – Growth Outlook (In %) For Years 2019 Through 2025
  • Online Lottery: Gut Punch for Some & Perfect Heaven for Revenue Support for Others
  • Rising Significance of Online Lottery in the US
  • Drivers Helping Online Lottery Market Step Up to Solid Game
  • Key Concerns and Challenges
  • Adverse Public Opinion about Gambling: A Major Issue Affecting Lottery Industry Prospects
  • Analysis by Platform Type
  • World Online Lottery Market by Platform Type (2020 & 2027): Percentage Breakdown of Revenues for Desktop-based, and Mobile
  • Regional Analysis: Europe Enjoys Frontline Position in Global Online Lottery Market
  • World Online Lottery Market by Region (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
  • Global Online Lottery Market: Geographic Regions Ranked by CAGR (Value) for 2020-2027: Asia-Pacific, Latin America, Rest of World, Europe, USA and Canada
  • Online Lottery Gains Ground in the US amid the Pandemic
  • Sales of Michigan iLottery Products Surge in Michigan
  • Probable Ban on Online Lottery in Florida
  • The Indian Lottery Market: A Perspective
  • Gambling Industry: A Prelude
  • Global Number of Gamblers (In Million) for the Years 2005, 2010, 2015, 2020, and 2025
  • Online Gambling Market in EU by Type of Gambling Activity: 2021E
  • Lottery: A Key Segment of Gambling Industry
  • The Basics of Online Lotteries
  • Types of Online Lottery Games
  • Advantages and Disadvantages of Online Lottery
  • Selecting an Online Lottery Site: Factors to Consider
  • Online Lottery Business: Good Prospect for Investors
  • An Insight into Custom Built and Online Lottery Software
  • Recent Market Activity
  • Select Global Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Ongoing Trends in the Lottery Industry
  • Online Lottery: Riding High on the Top of Innovation
  • Advantages of Online Lottery: Galvanizing Massive Demand
  • Online Lottery Emerges as Favorite Gambling Pastime with Lure of Big Jackpots
  • Positive Aspects of Legalized Gambling Enthuse Online Lottery Market
  • Market Prospects Strongly Influenced by Gambling Industry Trends
  • Gambling Apps Contribute to the Rising Popularity of Online Lottery
  • Evolving Role of Cryptocurrency Encourages Market Uptake
  • Widespread Availability of High-Speed Internet Stirs Market Growth
  • World Internet Penetration Rate (in %) by Geographic Region: 2021
  • Percentage of Internet Users Using Mobile Phone Apps by Type
  • Global Mobile Internet Market (2020): Percentage Share Breakdown of Revenues for by Data Service Category Mobile Internet Category Revenue Composition (in %)
  • 5G to be Instrumental in the Growth of Online Lottery
  • Global 5G Subscriptions (In Million) for Years 2020, 2022, 2024 and 2026
  • Percentage of Mobile Connections (excluding licensed cellular IoT) by 2G, 3G, 4G and 5G: 2019 Vs 2025
  • Percentage 5G Adoption by Region in 2025
  • Smartphone Emerges as Popular Option for Participation in Online Lottery
  • Global Market for Smartphones in Billions: 2016-2021
  • Smartphone Penetration Rate as Share of Total Population: 2016-2021
  • World Tablet PCs Market: Breakdown of Annual Volume Sales (in Million Units) for the Years 2013, 2018 & 2019
  • Increased Emphasis on Digitalization Augurs Well
  • Blockchain Empowers Decentralized & Transparent Operations
  • Big Data Steps In to Augment Online Lottery Operations
  • IoT Emerges as a Reliable Tool to Transform Online Lottery Market
  • Virtual Reality Seeks Role in Online Lottery Domain
  • Issues & Challenges
  • Regulatory Emphasis on Online Gambling Cripples Momentum
  • Gambling Laws in Select Countries
  • Nation-Wide Bans Discourage Global Expansion
  • Cyberattacks: Red Hot Button Issue

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit http://www.researchandmarkets.com/r/9ipmb0

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