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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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