Online Lottery Strategic Business Report 2024-2030: Regulatory Emphasis Cripples Momentum, Gambling Apps Contribute to the Rising Popularity
Dublin, Sept. 27, 2024 (GLOBE NEWSWIRE) — The “Online Lottery – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Online Lottery is estimated at US$16.6 Billion in 2023 and is projected to reach US$29.9 Billion by 2030, growing at a CAGR of 8.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the online lottery market is driven by several factors. The increasing adoption of smartphones and the internet has made online lotteries more accessible to a wider audience. The convenience and ease of participation, along with the availability of various payment options, have also contributed to the market`s expansion.
Technological advancements such as blockchain for secure transactions and random number generation for fairness have enhanced the credibility of online lotteries. Furthermore, regulatory support in various regions, aimed at curbing illegal gambling and promoting legal online lotteries, has provided a significant boost to the market. The ability to reach a global audience and offer diverse gaming options tailored to local preferences also drives the market forward.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Online Draw-based Lottery Games segment, which is expected to reach US$15.3 Billion by 2030 with a CAGR of a 8.3%. The Online Sports Lotteries segment is also set to grow at 9.9% CAGR over the analysis period.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Online Lottery Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Online Lottery Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Online Lottery Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as 888 Holdings PLC, Churchill Downs, Inc., Bet365 Group, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 383 |
| Forecast Period | 2023 – 2030 |
| Estimated Market Value (USD) in 2023 | $16.6 Billion |
| Forecasted Market Value (USD) by 2030 | $29.9 Billion |
| Compound Annual Growth Rate | 8.8% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- 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 2024 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Overview of the Global Market for Online Lottery
- Global Market Prospects & Outlook: Online Lottery Market Gets Lucky & Looks Forward to Incredible Growth
- 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
- Regional Analysis: Europe Enjoys Frontline Position in Global Online Lottery Market
- 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
- 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
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
- Percentage of Internet Users Using Mobile Phone Apps by Type
- 5G to be Instrumental in the Growth of Online Lottery
- Smartphone Emerges as Popular Option for Participation in Online Lottery
- 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
FOCUS ON SELECT PLAYERS(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
For more information about this report visit https://www.researchandmarkets.com/r/r46i7d
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