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:

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 https://www.researchandmarkets.com/r/9ipmb0

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Attachment

• Global Market for Online Lottery