Home Online lottery Online Lottery Market – Global Outlook and Forecast 2018-2023 |

Online Lottery Market – Global Outlook and Forecast 2018-2023 |


2023 Online Lottery Market Analysis and Forecast

The global online lottery market is estimated to reach revenues of over $ 10 billion by 2023, growing at a CAGR of around 8% in 2017-2023.

Arizton market research report on Global Online Lottery Market offers analysis of market size and forecast, market share, industry trends, growth drivers, and supplier analysis. The market research also includes information on segmentation by product (online draw-based games, online instant games, online sports lotteries and others), by platform (desktop and mobile / application) and by geography (APAC, North America, Europe, Latin America and MEA).

The growing popularity of draw games and instant scratch games in European countries will have a positive impact on the development of the global market. The growing focus on investing in technology, improving digital sales and tapping into new customer groups will propel market transformation. The global online lottery market is driven by increasing per capita income, high adoption, growing interest and growth of dual income households. Countries like USA, UK, Sweden, Italy and China and SAR are the biggest revenue generators in the global market. The market research report provides in-depth market analysis and segmental analysis of the global online lottery market by product, platform, and geography.

The study examines the current scenario of the global online lottery market and its market dynamics for the period 2018-2023. It covers a detailed overview of the various catalysts, restraints and trends for market growth. The study covers both market demand and supply. It also profiles and analyzes the major companies and various other leading companies operating in the market.

For more information, Order a report now: https://www.arizton.com/market-reports/online-lottery-market

Online Lottery Marketplace – Dynamic

The global online lottery market is witnessing an increasing influence of technologies in its landscape. With rapid technological advancements, vendors must remain vigilant on emerging technology trends. These technological trends are expected to alter consumer behavior and ensure the success of sellers during the forecast period. Using a blockchain-based system would lead to decentralization as it would use a network of nodes comprising the players themselves. In the online lottery market, providers who are ahead of their competition in terms of implementing new technologies, must always offer something unique to their customers and provide players with an enhanced experience. The unprecedented growth in online gambling business has pushed industry players to embrace new technologies to survive the competition. AR and VR is one such technology that is widely emerging in the market. While many governments and financial institutions have opposed the use of cryptocurrency, the online gambling industry has been quick to seize the opportunity to use digital currency and play on the blockchain. . Gambling based gaming platforms. The global online gaming market is experiencing increased use of cryptocurrencies for betting.

Online Lottery Market – Segmentation

This market research report includes detailed market segmentation by product, platform, and geography. Draw-based games dominated around half of the total market share in 2017, with a CAGR of over 8% during the forecast period. The increasing shift in demand from traditional modes of physical draw-based games to virtual is increasing the growth of this segment in the global market. The sports lottery business involves placing bets on various sports such as football, basketball, baseball, hockey, soccer, boxing / MMA, car racing and golf. The regions that have a strong hold on the sports lottery market are Europe and China (Asia-Pacific).

Desktop platforms occupied more than half of the market share in 2017, with a CAGR of over 5% during the forecast period. Big screen, wider view of content, and quest for learning new technologies are some of the major factors behind the growth of this segment in the global market. The increased penetration of smartphones has given rise to a number of lotteries based on mobile applications. . The ease of use that it offers an end user to play from the comfort of their own space is the main reason for the growth of the segment.

 Market segmentation by product

• Online draw games
• Instant online games
• Online sports lotteries
• Others

 Market segmentation by platform

• Office
• Mobile / app based

Online Lottery Marketplace – Geography

The global online lottery market by geography is segmented into APAC, North America, Europe, Latin America, and MEA. Europe dominated more than half of the market share in 2017, with a CAGR of over 9% during the forecast period. The increase in disposable income per capita that fuels discretionary spending in Europe is driving the growth of this region in the global market. APAC is powered by the mass gaming market in Macau, the online gambling business in the largest casino market, that is, Macau is very small. Countries like Japan, Hong Kong and Australia will lead the market growth during the forecast period. Additionally, India is witnessing the growing popularity of online poker among end users.

 Market segmentation by geography

• Europe
o France
o Germany
o Spain
o Sweden
o Denmark
o Norway
o Finland
o Mainland China
o China SAR Hong Kong
o Singapore
• North America
o United States
o Canada
• Latin America
o Argentina
• South Africa

Analysis of key suppliers

The global online lottery market is highly fragmented due to the presence of various regional and international players. Continuous innovations and upgrades in digital gaming are intensifying competition in the global market. Concentration in developed countries such as Western European countries is high, while the market is in its infancy in developing online gaming economies such as United States and India. Major suppliers are focused on developing new business models and diversifying their portfolios to attract new consumers to the global market. The launch of innovative products will help players to gain a greater share of the global online lottery market in the coming years.

The major vendors of the global online lottery market are:
• Lotto Direct (theLotter.com)
• LottoSend (LottoSend.com)
• Play on the Internet in UK (PlayHugeLottos.com)
• Legacy Eight
• Lottery agent

Other leading providers in the global online lottery market include Ardua Ventures (OneLotto.com), Bmillions, Betpoint Group, Camelot Group, IGT, Jackpot.com, LotteryMaster, LottosOnline, Lottoland, Lotto247, Morpheus Games, MultiLotto, Playtech, Svenska Spel, Tatts Group, win2day, Y&M Hans Management Limited, 1xBet and 24Lottos.

Main market information includes
1. The analysis of the global online lottery market provides the market size and growth rate for the forecast period 2018-2023.
2. It offers a comprehensive overview of current industry trends, trend forecast and growth drivers of the global online lottery market.
3. The report provides the latest market share analysis, growth drivers, challenges and investment opportunities.
4. It offers a comprehensive overview of market segments and regional outlook of the global online lottery market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.

View report details: https://www.arizton.com/market-reports/online-lottery-market

About Arizton Advisory & Intelligence
Arizton – Advisory and Intelligence is an innovation and quality-driven company providing cutting-edge research solutions to clients around the world. We excel in providing comprehensive market information reports and advisory and consulting services.

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